Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Taxation Expert

Evan James Dawson divorced in 2004 and has a son, Noah, who lived with him all year.

a) Evan gives all of the cost of keeping up the home.

b) Noah provided less than 50 percent of his own support.

c) Evan did not itemize deductions preceding year.

In the year 2012, Noah was a third-year student at Brown College. Noah lived at home with Evan while attending classes, and is pursuing a degree in Computer Science. Evan spent $634 on course-related books and paid tuition as reported on Form 1098-T. Noah’s total tuition was $11,800, however he received a $9,000 scholarship and subsidized loans in the amount of $2,800. Noah doesn’t have a felony drug conviction.

Evan desires to know if he has sufficient deductions to itemize (he did not itemized in the preceding year). Suppose that Evan will deduct state income tax rather than general sales tax. He gives you receipts, statements and cancelled checks for the given items he would like to deduct:

1) Unreimbursed doctor bills for Evan for $300

2) Unreimbursed doctor bills for Noah for $500

3) Unreimbursed prescription drugs for $1,400

4) Unreimbursed nonprescription herbal supplements for $300

5) Cancelled check for a donation to the United Way for $100

6) Evan states you that he as well gave $20 to a homeless man

7) The statement from his church showing donations of $780

8) The receipt from a Goodwill drop-off center for the donation of a table, refrigerator and stove; they were in good, used condition and had a thrift shop value of $130

9) Form 1098 exhibiting qualified mortgage insurance premiums, interest and real estate taxes paid.

10) Evan bought a $2 lottery ticket every week, for a total of $104, however he had no winnings.

11) Evan never received any distributions from his 401(k) or any other retirement plan.

Taxation, Accounting

  • Category:- Taxation
  • Reference No.:- M971

Have any Question? 


Related Questions in Taxation

Financial cost tax accounting assignmentlength 400-500

Financial, Cost, Tax Accounting Assignment Length: 400-500 words including a chart Description Knowing that the company's former CFO and CEO not only got in trouble for fiduciary responsibility violations but IRS issues ...

Assignment tax-planning client letter on irrevocable trusts

Assignment: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two grandchildren. He ...

Dq1tom an executive for a large corporation enjoys the

DQ1 Tom, an executive for a large corporation, enjoys the challenge of preparing his tax return. He is aggressive in preparing his return and searches through all the available publications to reduce his tax liability. I ...

Assignmenttax form problem devon bishop age 40 is single he

Assignment Tax Form Problem Devon Bishop, age 40, is single. He lives at 1507 Rose Lane Devon Bishop, age 40, is single. He lives at 1507 Rose Lane, Albuquerque, NM 87131. His Social Security number is 111-11-1111. Devon ...

Discussion questions worksheet1jeff and louis own an s

Discussion Questions Worksheet 1. Jeff and Louis own an S Corporation. Jeff and Louis own 50% of the corporation each. Jeff's S Corporation stock basis at the beginning of the year was $150,000. Louis' was $120,000. The ...

Calculating taxmicrotech software corporation msc was

Calculating Tax Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own c ...

Accounting taxa truefalse1 a distribution from a

Accounting Tax A.) True/False 1 A distribution from a corporation will be taxable to the recipient shareholders only to the extent of the corporation's E & P. 2 All distributions that are not dividends are a return of ca ...

Alice johnson social security number 222-23-3334 is a

Alice Johnson, Social Security number 222-23-3334, is a single taxpayer and is employed as a secretary by state University of FloridaShe has the following items pertaining to her income tax return for the current year: R ...

Complete the previous template that has the respective tax

Complete the previous template that has the respective tax forms and schedules required to complete the return. Complete all of the parts of your respective business tax return for which there is information. In the spac ...

Corporate taxation please respond to the

"Corporate Taxation" Please respond to the following: • Analyze the significant rules concerning the manner in which corporations treat the dividends that they are paying. Based on your analysis, recommend at least two c ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro