Questions from General Taxation

Q: Jim was reviewing several of a client’s prior tax returns in preparation

Jim was reviewing several of a client’s prior tax returns in preparation for completing the current year’s return. Jim discovered a serious error on the return filed almost three years earlier that wo...

Q: Last year, the IRS disallowed a deduction on a client’s tax

Last year, the IRS disallowed a deduction on a client’s tax return when it was audited. The client wants you to deduct a similar item on this year’s tax return.

Q: Compare how the United States taxes a U.S. citizen

Compare how the United States taxes a U.S. citizen and a nonresident alien.

Q: Ace Builders begins construction on a building in January. Its contract

Ace Builders begins construction on a building in January. Its contract specifies that the building must be completed by July 1 or it must pay a penalty of $100 for each day the building is delayed. A...

Q: Go to the IRS Web site (www.irs.gov

Go to the IRS Web site (www.irs.gov) and locate the publication on travel, entertainment, and gifts. Julie plans to attend a business convention in Costa Rica. Her friend told her that she cannot dedu...

Q: Go to www.irs.gov (the IRS Web site

Go to www.irs.gov (the IRS Web site) and locate Publication 971: Innocent Spouse Relief. What form must be filed to request innocent spouse relief?

Q: U.S. citizens residing in certain countries are exempt from

U.S. citizens residing in certain countries are exempt from U.S. tax on their Social Security benefits. Go to the IRS Web site (www.irs.gov) and locate Publication 915: Social Security and Equivalent...

Q: Go to www.legalbitstream.com (or www.irs

Go to www.legalbitstream.com (or www.irs.gov/irb/and start with IRB 2011–37) and locate Notice 2011–64. Read the appendix of Notice 2011–64 and determine if dividend income received from foreign corpo...

Q: Go to www.ustaxcourt.gov (the Tax Court site

Go to www.ustaxcourt.gov (the Tax Court site). What is the fee to file a small tax case?

Q: How do you make a comment or ask a question about the

How do you make a comment or ask a question about the tax statistics provided by the IRS?