Explain in detail why the deduction was denied

Assignment Help Taxation
Reference no: EM131436288

Assignment: Tax Research Methodology

Charlie and Joan Smith filed their 2013 tax return and claimed $25,000 charitable deduction on their tax return. Charlie had a copy of cancelled check from the Church. Charlie also had a receipt from the Church which stated-Thank you for your generous donation of $25000. The taxpayer was audited for 2013 and IRS denied the deduction. Help Charlie to resolve this issue.

• In a report of two pages, explain in detail why the deduction was denied.

Reference no: EM131436288

Questions Cloud

Physical science - find the p value for the hypothesis test : Is there any evidence to suggest that the population proportion of residents in Ohio who recycle newspapers is greater than the population proportion of residents in Florida? Use a = 0.01.
Who was instrumental in establishing the study of religion : Religion is a part of every human culture, influencing all areas of life. Religious Studies scholar Ninian Smart (1927-2001) was a Scottish educator who was instrumental in establishing the study of religion as an academic discipline.
Find bounds on p value associated with the hypothesis test : What is the common characteristic that makes these data paired?- Find bounds on the p value associated with this hypothesis test.
Suggest variability in fuselage thickness is less for carbon : Manufacturing and Product Development - Is there any evidence to suggest that the variability in fuselage thickness is less for carbon fiber fuselages?
Explain in detail why the deduction was denied : Charlie and Joan Smith filed their 2013 tax return and claimed $25,000 charitable deduction on their tax return. In a report of two pages, explain in detail why the deduction was denied.
What is the radius of curvature of the mirror : (1) A concave mirror is constructed so that a man at a distance of 26 cm from the mirror sees his image magnified 2.0 times. (a) What is the radius of curvature of the mirror?
Find the focal length of the mirror : A candle with a flame 1.6 cm tall is placed 4.9 cm from the front of a concave mirror. A virtual image is formed 10 cm behind the mirror.
What should be your response to the ceo : What are some possible reasons that the CEO may hold his viewpoint? What should be your response to the CEO? Do you think it is necessary to make an accrual for an estimated amount of the assessment or settlement?
Briefly explain the role of investor bankers : Which explains the role of Financial Institutions in 21st Century. Briefly explain the role of Investor Bankers and the concept of Collateralized Debt Obligations/Sub prime mortgages.

Reviews

Write a Review

 

Taxation Questions & Answers

  What is the difference between a sales tax and a use tax

What is the difference between a sales tax and a use tax? What is an ad valorem tax? Name an example of this type of tax. What are the differences between an explicit and an implicit tax?

  How many authorities a research memo should discuss

How are citators used in tax research? What is the general rule for how many authorities a research memo should discuss?

  Here is problem the baseball team is interested in creating

here is problem the baseball team is interested in creating a stadium. to go ahead with this development they must

  Is the antenna loss deductible or not and why or why not

Write a memo to the me, describing the situation, and also describing the results of your research. Is the antenna loss deductible or not, and why or why not?

  Explain the potential benefits that flat tax structure have

Analyze the potential benefits that a flat tax structure might have on both taxpayers and the United States Treasury. Defend or critique a flat tax structure.

  Discuss the circumstances in which the statement would apply

If the facts are not sufficient to determine whether a statement applies to a situation, discuss the circumstances in which the statement would apply.

  Estimated the tax payments

Quarterly estimated tax payments

  How much can she deduct on her tax return

How much must she pay for self-employment taxes and how much can she deduct on her tax return?

  From original question journal entriesnote none are simply

from original question journal entriesnote none are simply trading securities all have a specific name that coordinates

  How would vickis assets be recorded for tax purposes

How would Vickis assets be recorded for tax purposes by Palm Corporation and what is the amortization amount for each intangible asset in the current year?

  Reflect on the traditional forms of architecture

Reflect on the traditional forms of architecture and assess how they contribute to what you observe, feel, think and do in these spaces.

  What is the lease after-tax present value

The present value of an ordinary annuity of $1 per year at 10% for two years is 1.74. What is the lease's after-tax present value using a 10% discount factor?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd