Questions from General Taxation

Q: Zach attended Champion University during 2012-2016. He lived at

Zach attended Champion University during 2012-2016. He lived at home and was claimed by his parents as a deduction during the entire duration of his education. He incurred education expenses of $10,00...

Q: In May 2017, Regina graduated from USC with a degree in

In May 2017, Regina graduated from USC with a degree in accounting and moved to Portland to look for work. Shortly after arriving in Portland, she obtained work as a staff accountant in a local CPA fi...

Q: Explain the treatment of itemized deduction limitations for high-income taxpayers

Explain the treatment of itemized deduction limitations for high-income taxpayers in 2017.

Q: What are the general requirements for a medical expense to be considered

What are the general requirements for a medical expense to be considered deductible?

Q: When are travel costs deductible as medical costs? How are medical

When are travel costs deductible as medical costs? How are medical travel costs calculated?

Q: What is the proper tax treatment for prescription drugs obtained outside the

What is the proper tax treatment for prescription drugs obtained outside the United States, such as Canada?

Q: Can a taxpayer take a deduction for premiums paid for health insurance

Can a taxpayer take a deduction for premiums paid for health insurance? How do reimbursements from health insurance policies affect the amount of the medical deduction? What happens if an insurance re...

Q: For 2017, how can the amount of the sales tax deduction

For 2017, how can the amount of the sales tax deduction be determined?

Q: What options does the taxpayer who paid foreign taxes have when considering

What options does the taxpayer who paid foreign taxes have when considering his or her tax treatment? Which option is usually more tax beneficial?

Q: What is qualified residence interest? Are there any limits to the

What is qualified residence interest? Are there any limits to the deductibility of acquisition loan interest?