ACC 401 Phoenix Tutorials/Uophelp

ACC 401 Phoenix Tutorials/Uophelp

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  • Date Submitted: 02/01/2015 10:06 PM
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ACC 401 Week 1 Assignment Chapter 2 Problems 32, 33 & 38

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2) List the five types of filing status and briefly explain the requirements for the use of each one.
33) In which of the following cases may the taxpayer claim head of household filing status?
a. The taxpayer is single and maintains a household which is the principal place of abode of her infant son.
b. The taxpayer is single and maintains a household for herself and maintains a separate household which is the principal place of abode of her dependent widowed mother.
c. The taxpayer is married from January to October and lived with his spouse from January to May. From June 1 to December 31, the taxpayer maintained a household that was the principal place of abode of his married son and daughter-in-law whom the taxpayer can claim as dependents.

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ACC 401 Week 2 Assignment Chapter 4 problem 53 and problem 55

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53. Under the terms of a divorce decree executed May 1, 2008, Rob transferred a house worth $650,000 to his ex-wife, Linda, and was to make alimony payments of $3,000 per month. The property has a tax basis to Rob of $300,000.
a. How much of this must be reported on Linda’s tax return?
b. Of that amount, how much is taxable gain or loss that Linda must recognize related to the transfer of the house?
54. Under the alimony recapture rules, what amounts are designated for recapture reclassification, and what are the tax consequences?

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ACC 401 Week 3 Assignment Chapter 6

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39. David is a college professor who does some consulting work on the side. He uses 25%...

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