My Account
Home Solutions Financial Accounting
We write, we don’t plagiarise! Every answer is different no matter how many orders we get for the same assignment. Your answer will be 100% plagiarism-free, custom written, unique and different from every other student.
I agree to receive phone calls from you at night in case of emergency
Please share your assignment brief and supporting material (if any) via email here at: [email protected] after completing this order process.
The primary theme of the paper is Financial Accounting in which you are required to emphasize its aspects in detail. The cost of the paper starts from $159 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.
ACC4407 Financial Accounting FALL,2014
TAXATION INSTRUCTIONS FOR RESEARCHPROJECT
Articles or other publications on topic
Be sure to properly cite your sources from your (Google) searches
FORMAT
You are to present your solution to the class as if it were a client to whom you were presenting the
results of your research. Use Power Point or other appropriate presentation media. Hand in a hard copy of your slides and cites before your presentation.
First, present the problem, all potential solutions and your recommended solution based on your research. The presentation should take eight to ten minutes.
The grade will be based on the quality of your research, the quality of your presentation (do not read from the screen or papers although notes are helpful).
3.
Ruby incurred substantial medical expenses ($32,000) and real estate taxes on her residence ($8,000). Because she did not have the funds to pay these expenses, she asked her mother, Susan, to help her out. Susan made the payments directly to Ruby’s creditors.
On her 2012 Federal income tax return, Ruby deducted $24,500 ($32,000- 7.5% of$ 100,000
AGI) of medical expenses and $8,000 of real estate taxes. The IRS disallowed these itemized deductions on Ruby’s tax return. According to its position, because Ruby did not actually pay these expenses, she is not entitled to any deductions.
Evaluate the positions taken by Ruby and by the IRS.
Check Out Our Original Reviews