Questions from Individual Taxation

Q: Compare and contrast the relationship test requirements for a qualifying child with

Compare and contrast the relationship test requirements for a qualifying child with the relationship requirements for a qualifying relative.

Q: In general terms, what are the differences in the rules for

In general terms, what are the differences in the rules for determining who is a qualifying child and who qualifies as a dependent as a qualifying relative? Is it possible for someone to be a qualifyi...

Q: How do two taxpayers determine who has priority to claim the dependency

How do two taxpayers determine who has priority to claim the dependency exemption for a qualifying child of both taxpayers when neither taxpayer is a parent of the child (assume the child does not qua...

Q: Isabella provides 30% of the support for her father Hastings who

Isabella provides 30% of the support for her father Hastings who lives in an apartment by himself and has no gross income. Is it possible for Isabella to claim a dependency exemption for her father? E...

Q: What requirements do an abandoned spouse and qualifying widow or widower have

What requirements do an abandoned spouse and qualifying widow or widower have in common?

Q: For tax purposes, why is the married filing jointly tax status

For tax purposes, why is the married filing jointly tax status generally preferable to the married filing separately filing status? Why might a married taxpayer prefer not to file a joint return with...

Q: What is the constructive receipt doctrine? What types of taxpayers does

What is the constructive receipt doctrine? What types of taxpayers does this doctrine generally affect? For what tax planning strategy is the constructive receipt doctrine a potential limitation?

Q: How are realized income, gross income, and taxable income similar

How are realized income, gross income, and taxable income similar, and how are they different?

Q: Why should a taxpayer be interested in the character of income received

Why should a taxpayer be interested in the character of income received?

Q: Is it easier to describe what a capital asset is or what

Is it easier to describe what a capital asset is or what it is not? Explain.