Reference no: EM132385108

Question 1: Explain how the standard deduction available to a taxpayer who is the dependant of another taxpayer is limited

Question 2. A. Explain when and how a taxpayers itemized deductions are limited or phased out when the taxpayers adjusted gross income exceeded a certain level

B. What itemized deductions are not subject to the phaseout rule

Question 3.

A. Explain how a dependency exemption is treated on a tad return

B. Who may a taxpayer claim as a dependent for tax purposes

Question 4. Explain how a taxpayers personal and dependency exemptions are phased out when the taxpayers adjusted gross income exceeds a certain level.

Question 5. Explain the rules for divorced and separated parents with regard to the dependency exemption

Question 6. What are the five different filling statuses for taxpayers other than corporations

Question 7. A. Explain the rules for filing a tax return as a surviving spouse
B. For how many years shy this category be claimed

Question 8. What tax avoidance technique is the kiddie tax designed to prevent

Question 9. Does the kiddie tax generally apply to income generated by assets gifted to a child by his or her grand parents

Question 10. Identify the functions of the income tax system, and describe generally the purposes that each function is designated to accomplish

Question 11. Explain the function of a treasury regulation

A. What is a revenue ruling and why is it important?

B. By Whom are revenue rulings issued and where can the rulings found?

Question 12. Describe the purpose of revenue procedures?

Question 13.

• When there is a conflict between a taxpayer and the IRS with regard to the amount of tax owed, explain the statutory procedure for resolution of the conflict
• If the conflict is not resolved, how may an appeal be taken to the courts?

Question 14. Assume a tax question is at issue in completing the following sentences:
• The only trial court that allows jury trials is the
• Cases heard by the US court of federal claims may be appealed to the
• The trial court in which a taxpayer can litigate without first paying an assessed deficiency is the