Questions from General Taxation

Q: Under what circumstances is a dividend nontaxable to a shareholder recipient?

Under what circumstances is a dividend nontaxable to a shareholder recipient?

Q: Under what circumstances is a state or local income tax refund included

Under what circumstances is a state or local income tax refund included in the taxable income of a taxpayer?

Q: Under what circumstances are social security benefits taxable to a single taxpayer

Under what circumstances are social security benefits taxable to a single taxpayer?

Q: Congress has chosen to exempt certain income from taxation, such as

Congress has chosen to exempt certain income from taxation, such as scholarships, gifts, life insurance proceeds, municipal bond interest, and employee fringe benefits. Given that one of the primary p...

Q: What is a qualified education loan for purposes of the student loan

What is a qualified education loan for purposes of the student loan interest deduction?

Q: What are qualified education expenses for purposes of the student loan interest

What are qualified education expenses for purposes of the student loan interest deduction?

Q: For purposes of the student loan interest deduction, what is modified

For purposes of the student loan interest deduction, what is modified AGI, and how is it determined?

Q: For purposes of the student loan interest deduction, what is an

For purposes of the student loan interest deduction, what is an eligible educational institution?

Q: In 2013, Chara incurred a loan to pay for qualified higher

In 2013, Chara incurred a loan to pay for qualified higher education expenses for her 20-year-old daughter who was a dependent. In 2017, her granddaughter graduated from college, moved away to start a...

Q: Explain the purpose of a health savings account (HSA).

Explain the purpose of a health savings account (HSA).