Fall 2011 Sim III - 4 What Code Section disallows deductions for losses that result from the sale or exchange of property between related parties 5

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Tax I Fall 2011 Test III Simulation Required (6 points each): 1. What Code Section allows a tax payer to deduct ½ self employment tax as a deduction for AGI? 2. What Code Section allows the IRS to assess a 20% negligence penalty on underpayment of taxes? 3. What Code Section allows a taxpayer to take child and dependant care credit?
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Unformatted text preview: 4. What Code Section disallows deductions for losses that result from the sale or exchange of property between related parties? 5. What Code Section distinguishes business bad debts from non-business bad debts?...
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This note was uploaded on 03/27/2012 for the course MISY 3310 taught by Professor Staff during the Fall '08 term at Texas A&M University, Corpus Christi.

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