West Federal Taxation 2008: Individual Income Taxes, Professional Version (West's Federal Taxation: Individual Income Taxes)

CHAPTER 5
GROSS INCOME: EXCLUSIONS
SOLUTIONS TO PROBLEM MATERIALS
Status: Q/P in
Question/ Present Prior
Problem Topic Edition Edition
1 Inheritance and compensation Unchanged 1
2 Income from gifts and bequests Unchanged 2
3 Gift to employees Unchanged 3
4 Life insurance proceeds versus ‘‘income in Unchanged 4
respect of a decedent”
5 Gift versus compensation New
6 Life insurance: accelerated death benefits New
7 Life insurance: transfer for valuable Unchanged 7
consideration
8 Life insurance: cash surrender value and Unchanged 8
accelerated death benefits
9 Scholarships Unchanged 9
10 Damages Unchanged 10
11 Damages Unchanged 11
12 Damages Unchanged 12
13 Unemployment compensation and workers Unchanged 13
compensation
14 Health Savings Account (HSA) New
15 Salary increase versus health insurance Unchanged 15
premiums
16 Cafeteria plans versus flexible spending plans Unchanged 16
17 Fringe benefits: employee discounts Unchanged 17
18 Alternative compensation options New
19 Qualified employee discounts Unchanged 19
20 Employer provided facilities Unchanged 20
21 Foreign earned income Unchanged 21
22 Taxable versus tax-exempt bonds New
23 Patronage dividends and the tax-benefit rule Unchanged 23
24 Qualified state tuition program Unchanged 24
25 Tax benefit rule versus subsequent income Unchanged 25
payments
26 Income from discharge of indebtedness Unchanged 26
5-1

5-2 2008 Individual Volume/Solutions Manual
Status: Q/P in
Question/ Present Prior
Problem Topic Edition Edition
27 Income from discharge of indebtedness Unchanged 27
*28 Life insurance and inheritance Unchanged 28
29 Life insurance and accident benefits Modified 29
30 Accelerated death benefits Unchanged 30
31 Gifts and fringe benefits and disaster area Unchanged 31
payments
32 Death benefits Unchanged 32
33 Life insurance: use of proceeds Modified 33
34 Scholarship Modified 34
35 Scholarship Unchanged 35
36 Damages Modified 36
37 Damages Unchanged 37
38 Health insurance, medical reimbursement Unchanged 38
39 Fringe benefits Unchanged 39
40 Medical reimbursement plan versus flexible Unchanged 40
benefits plan
41 Long-term care insurance benefits Modified 41
42 Meals and lodging Modified 42
43 Meals and lodging Unchanged 43
*44 Accident and health plans, athletic facilities Unchanged 44
45 Working condition fringe Unchanged 45
*46 Fringe benefits versus taxable compensation Unchanged 46
47 Flexible benefits plan New
48 Fringe benefits Unchanged 48
*49 Foreign earned income Modified 49
50 Tax benefit rule, tax-exempt income Unchanged 50
51 Unrealized gains and losses, stock dividends, Unchanged 51
and dividend reinvestment
*52 Tax-exempt bonds versus taxable bonds New
53 Tax-favored educational savings programs Unchanged 53
54 Educational savings bond exclusion Modified 54
55 Qualified state tuition program Unchanged 55
56 Tax benefit rule New
57 Income from discharge of indebtedness Unchanged 57
58 Income from discharge of indebtedness Unchanged 58
*59 Cumulative Modified 59
*60 Cumulative Modified 60
Research
Problem
1 Tax-exempt housing Unchanged 1
2 Discharge of indebtedness Unchanged 2
3