acct 827 intro to tax reaseach activity

acct 827 intro to tax reaseach activity - Introduction to...

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Introduction to Tax Research – Class Activity Problem: Tom was prescribed marijuana by his doctor to ease the pain of his glaucoma condition. Tom lives in and procured the marijuana in the State of California where marijuana can be legally prescribed under California law. Under a federal statute, marijuana is considered a controlled substance whose use and sale of are not permitted, even with a physician’s prescription. Tom wants to know if he may deduct the unreimbursed cost of marijuana as an itemized deduction on his tax return. Part I. Find by Citation Exercises: Note: When using RIA, to find tax law when you “know the cite” go to the Left Hand Column of the main “Research” screen. 1. What is the topic of §213 of the Internal Revenue Code? Answer: Itemized deduction for medical expenses. 2. Is the deduction found in §213 subject to an AGI floor? If so, what is the floor? Be sure to properly cite where you found your answer in the Code (Section, Subsection, Paragraph, Subparagraph, Clause, SubClause, where applicable). Answer: §213(a) allows a deduction for uncompensated medical expenses of an individual for medical care to the extent such expenses exceed 7.5% of AGI. 3. After reading the following parts of §213 is it clear whether Tom can deduct any of the
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acct 827 intro to tax reaseach activity - Introduction to...

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