In the Current year, Richard makes the following donations. What is the amount he can deduct in Schedule A?
- $300 to a local Church (no written acknowledgment)
- $600 by payroll deduction to the Salvation Army
- an old radio with an FMV of $499 to the Red Cross with the receipt dated Jan 2008

Which one of the following is not a timing difference?

Under the terms of the partnership agreement, Joyce is entitled to a fixed annual payment of $25000and her partner $30,000 without regard to the income of the partnership. Joyce's distributive share ofthe partnership income is 25%. The partnership's income is $75,000 of the ordinary income afterdeducting the guaranteed payments. How much ordinary income from the partnership will be included in Joyce's individual income tax return?

A, B, 8: C of Dutch LLC, a calendar year partnership company, share profits and losses in the ratio of 4:323. respectively. All three materially participate in the partnership business. Each partner‘s adjusted basis in the partnership before distribution at the year end is as follows:

George is a full time student at a local college. During the fall semester, he received a $4,250 scholarship from a local foundation. He spent the entire $3,000 student loan and another $1,850 during this semester. He made the following expenses: tuition $2000, books $750, board and lodging $2,000. How much of the $4,250 scholarship should George report as income?

Which of the following is not rental income in the year in which it is received?

All of the following events except would cause an S Corporation to be disqualified from being an S corporation.

What are the total moving expenses that can be deducted from his total income to arrive at the adjusted gross income?

With respect to Simple Trusts, all the following statements are true except.

Which of the following is not a requirement to claim to be the head of a household?

A has supported his brother ‘C' for the entire year to claim C as a dependent on form 1040. Which of the following countries must C be a resident of to claim this benefit?