Questions from Individual Taxation

Q: All else being equal, would a taxpayer with passive losses rather

All else being equal, would a taxpayer with passive losses rather have wage income or passive income?

Q: What is the underlying policy rationale for the current tax rules applicable

What is the underlying policy rationale for the current tax rules applicable to interest income and dividend income?

Q: Compare and contrast the tax treatment of interest from a Treasury bond

Compare and contrast the tax treatment of interest from a Treasury bond and qualified dividends from corporate stock.

Q: How are Treasury notes and Treasury bonds treated for federal and state

How are Treasury notes and Treasury bonds treated for federal and state income tax purposes?

Q: Zack is employed as a full-time airport security guard.

Zack is employed as a full-time airport security guard. This year Zack’s employer transferred him from Dallas to Houston. At year-end, Zack discovered a number of unreimbursed expenses related to hi...

Q: Why would taxpayers generally prefer the tax treatment of market discount to

Why would taxpayers generally prefer the tax treatment of market discount to the treatment of original issue discount on corporate bonds?

Q: In what ways are U.S. savings bonds treated more

In what ways are U.S. savings bonds treated more favorably for tax purposes than corporate bonds?

Q: When should investors consider making an election to amortize market discount on

When should investors consider making an election to amortize market discount on a bond into income annually?

Q: Why might investors purchase interest-paying securities rather than dividend-

Why might investors purchase interest-paying securities rather than dividend- paying stocks?

Q: Grayson is in the 25 percent tax rate bracket and has the

Grayson is in the 25 percent tax rate bracket and has the sold the following stocks in 2016: a. What is Grayson’s net short-term capital gain or loss from these transactions? b. What...