Questions from General Taxation

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

Go to the IRS Web site (www.irs.gov) and print the page of Form 1120: U.S. Corporate Income Tax Return that includes Schedule M-1. Use the information in example 6.42 to complete Schedule M-1.

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

Go to the IRS Web site (www.irs.gov) and print Schedule C: Profit or Loss for Business (Sole Proprietorship), Schedule SE: Self-Employment Tax, and Form 8829: Expenses for Business Use of Your Home. U...

Q: Jordan (SSN 150-66-7788) and Diana (

Jordan (SSN 150-66-7788) and Diana (SSN 15067-4321) Diego are a married couple who reside at 111 Coral Drive in Miami, FL 33156. They have one dependent daughter, Emily (SSN 155-88-4321), age 18, who...

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

Go to the IRS Web site (www.irs.gov) and print Form 2106: Employee Business Expenses. Use the following information to complete this form. Carl is an employee of Intelligent Devices, Inc. in San Jos...

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

Go to the IRS Web site (www.irs.gov). Print the first page of Form 1040 and compute Pierre Lappin’s adjusted gross income by entering the following information: $60,000 salary, $5,000 qualified divide...

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

Go to www.irs.gov (the IRS Web site) and click on Careers under Work at IRS. Look under Resources, then under Job Descriptions, and finally look under Accounting, Budget & Finance to learn more about...

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

Go to the IRS Web site (www.irs.gov) and print Schedule A: Itemized Deductions. Using the following information, complete this form for Simon and Ellen, both age 48 and married filing jointly, who hav...

Q: In January, Susan’s employer transferred her from Chicago to Houston (

In January, Susan’s employer transferred her from Chicago to Houston (where she continues to work for the remainder of the year). Her expenses were: Transportation for household goods………….$2,300 Airfa...

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

Go to the IRS Web site (www.irs.gov) and print Form 1040 and Schedule A. Using the information in problem 69, complete these forms to the extent possible.

Q: George owns 1,000 shares of ABC common stock and 3

George owns 1,000 shares of ABC common stock and 3,000 shares of Brightstar mutual fund. George elects to participate in Brightstar’s dividend reinvestment plan, reinvesting his annual dividends and c...