In order to qualify for a military personnel moving expense deduction, taxpayers must several criteria. What are they?
What will be an ideal response?
A military member may deduct moving expenses if they are on active duty and the move is a result of a military order and incident to a permanent change of station.
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Impression management is the process of making an apology for a mistake
Indicate whether the statement is true or false
A company with a strong customer service culture
a. has policies that make it easy for employees to satisfy customers b. allows employees to use their own initiative in solving customer problems c. provides customer service training for employees d. all the above
In the context of assembly-line balancing, _____ is the difference between total time available and the sum of the actual times for productive tasks
A) Blocking delay B) Lack-of-work delay C) Idle time D) Cycle time
Nicholas is a 25% owner in the DDBN LLC (a calendar year entity). At the end of the last tax year, Nicholas's basis in his interest was $50,000, including his $20,000 share of LLC liabilities. On July 1 of the current tax year, Nicholas sells his LLC interest to Anna for $80,000 cash. In addition, Anna assumes Nicholas's share of LLC liabilities, which, at that date, was $15,000 . During the
current tax year, DDBN's taxable income is $120,000 (earned evenly during the year and allocated using the daily proration method). Nicholas's share of the LLC's unrealized receivables is valued at $6,000 ($0 basis). At the sale date, what is Nicholas's basis in his LLC interest, how much gain or loss must he recognize, and what is the character of the gain or loss? a. $45,000 basis; $6,000 ordinary income; $44,000 capital gain. b. $60,000 basis; $6,000 ordinary income; $29,000 capital gain. c. $60,000 basis; $35,000 capital gain. d. $75,000 basis; $0 ordinary income; $20,000 capital gain. e. $75,000 basis; $6,000 ordinary income; $14,000 capital gain.