(You must answer all parts)
Question 1
A) Why is a thorough knowledge of tax law sources important to aprofessional tax practitioner?
B) May a taxpayer claim a dependency exemption for a person ifthe taxpayer provides 50% or less of the personâs support. If so,under what circumstances?
C) In general what factors determine who must file a federalincome tax return? Is an individual required to file a tax returnif he or she owes no tax? If an individual is not required to filea federal income tax return, are there situations in which theindividual might want to file. Explain.
D) Wanda is a single parent who maintained a household for herunmarried son Jordan, age 19, who worked full-time and earned$16,000. Wanda provided about 40% of Jordanâs support but providedall the expenses of maintaining the household. What is Wandaâs 2015tax filing status?
Thank you!
(You must answer all parts)
Question 1
A) Why is a thorough knowledge of tax law sources important to aprofessional tax practitioner?
B) May a taxpayer claim a dependency exemption for a person ifthe taxpayer provides 50% or less of the personâs support. If so,under what circumstances?
C) In general what factors determine who must file a federalincome tax return? Is an individual required to file a tax returnif he or she owes no tax? If an individual is not required to filea federal income tax return, are there situations in which theindividual might want to file. Explain.
D) Wanda is a single parent who maintained a household for herunmarried son Jordan, age 19, who worked full-time and earned$16,000. Wanda provided about 40% of Jordanâs support but providedall the expenses of maintaining the household. What is Wandaâs 2015tax filing status?
Thank you!