MGT 4010 Class exercise 08-27-2015 Chapter 03 Tax planning strategies
Manny, a calendar year taxpayer, uses the cash method of accounting for his sole
proprietorship. In late December he performed $20,000 of legal services for a client.
MGT 4010 Class Exercise 9/29/2015 Chapter 7 - From AGI Deductions Day 2
Read the following letter and help Shady Slim with his tax situation. Assume that gross income is
$172,900 for purposes of this problem.
December 31, 2014
To the friendly studen
As of 23-Jul-2015
MGT 4010 / 6010
Fall Semester 2015
Dr. James M. Turner, CPA and CGMA
Scheller 4143 (4th floor next to the freight elevator)
MACRS recovery periods for regular tax and AMT Purposes
liars. light genera? purmae trucks, and computers and peripiterai equipment Swear
Office fumiture, fixtures, machinery. and equipment T-yeaz‘