TaxAccSol_Chapter 9

TaxAccSol_Chapter 9 - CHAPTER 9 DEDUCTIONS EMPLOYEE AND SELF-EMPLOYED-RELATED EXPENSES SOLUTIONS TO PROBLEM MATERIALS Question Problem 1 2 3 4 5 6

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CHAPTER 9 DEDUCTIONS: EMPLOYEE AND SELF-EMPLOYED-RELATED EXPENSES SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 Schedule C of Form 1040 and Form 2106: when appropriate New 2 Employee versus independent contractor status: criteria to be considered New 3 Employer–employee relationship: key factors Unchanged 2 4 Transportation expenses: commuting to second job Unchanged 3 5 Determining auto expenses: actual cost versus automatic mileage methods Modified 4 6 Filing of amended return to choose method of deducting auto expenses Unchanged 5 7 Travel: business and pleasure combined Unchanged 6 8 Multiple jobs and treatment of related expenses Unchanged 7 9 Establishing a tax home Modified 9 10 Convention: spouse accompaniment Unchanged 10 11 Travel as an education expense deduction Unchanged 11 12 Foreign travel: determining business portion Unchanged 12 13 Moving expenses: effect of satisfaction of time test New 14 Moving expenses: qualified and nonqualified Modified 14 15 Variations in the tax treatment of education expenses Unchanged 15 16 Deduction for qualified tuition expense: relevant rules Unchanged 16 17 Education benefits: various exclusions from gross income that are available New 18 Cutback adjustment: justification for and exception to Unchanged 17 19 Application and nonapplication of the cutback rule Unchanged 18 20 Lavish and extravagant entertainment expenses Unchanged 20 21 Office in the home expenses: relevant tax rules Modified 21 22 Other employee expenses: educator expenses Unchanged 22 23 Tax treatment of first job expenses Unchanged 23 24 Traditional IRA versus Roth IRA distinguished Unchanged 24 25 Travel and entertainment expenses: deemed substantiation Unchanged 25 26 Reimbursed expenses Unchanged 26 9-1
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Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 27 Education expenses; leave of absence; and new trade or business Unchanged 27 28 Avoiding cutback adjustment Unchanged 28 29 Moving expenses: retirement dilemma Unchanged 29 30 Examples of miscellaneous itemized deductions subject to the 2% floor Unchanged 30 31 Commuting expense and second job New 32 Commuting expense and transportation between work stations New *33 Depreciation and automatic mileage method New *34 Travel and pleasure combined New 35 Travel in temporary assignment Unchanged 35 *36 Business convention Unchanged 36 37 Foreign travel: determining business/pleasure portions Unchanged 37 38 Foreign travel: determining business/pleasure portions Unchanged 38 *39 Moving expenses Unchanged 39 *40 Education expenses New 41 Qualified tuition and related expenses under § 222 Unchanged 41 42 Business meals and exception to usual cutback adjustment; other employee expenses New *43 Business entertainment Unchanged 43 44 Business gift Unchanged 44 *45 Home office expenses New *46 Partially reimbursed expenses Unchanged 46 *47 Partially reimbursed expenses Unchanged 47 *48 Partially reimbursed expenses Unchanged 48 *49 Miscellaneous employee expenses Unchanged 49 *50 Cumulative Modified 50 *51 Cumulative New Research
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This note was uploaded on 04/23/2008 for the course ACC 343 taught by Professor Dr.purcell during the Spring '08 term at Creighton.

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TaxAccSol_Chapter 9 - CHAPTER 9 DEDUCTIONS EMPLOYEE AND SELF-EMPLOYED-RELATED EXPENSES SOLUTIONS TO PROBLEM MATERIALS Question Problem 1 2 3 4 5 6

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