Questions

Larry and Sue separated at the end of the year. Larry has asked Sue to sign a joint income tax […]

Rick Cabela, a high income client, has contacted you for advice regarding two new proposed business ventures and other tax

Jack is starting a business that he expects to produce $60,000 of income this year before compensating Jack for his

Bala and Ann purchased as investments three identical parcels of land over a several-year period. Two years ago they gave

Virginia is a cash-basis, calendar-year taxpayer. Her salary is $20,000, and she is single. She plans to purchase a residence

Mike and Linda are a married couple who file jointly. They have three dependent children who are full-time students in

Bob and Anna are in the 39.6% tax bracket for ordinary income and the 20% bracket for capital gains (ignore

Georgia, a single taxpayer, operates a business that produces $100,000 of income before any amounts are paid to her. She

For the following independent situations, determine the optimum filing status for the years in question.a. Wayne and Celia had been