(SOLVED) David is on the audit staff of a national

accounting
David is on the audit staff of a national accounting firm. He has been with the firm for three
years and is a CPA. David has applied and been accepted into a prestigious MBA program. The
program is two years in duration. David has decided to resign from the accounting […]

Juan, a self-employed medical doctor, maintains an office in his home where he maintains
patient records and performs billing procedures. Most of his time is spent visiting patients and
performing surgical procedures in the operating room at several local hospitals. Juan intends to
deduct his expenses of his office in […]

Jeremy is an executive for Columbia Corporation, which is going through a restructuring of its
corporate headquarters operations. Columbia has offered to relocate Jeremy from its New York
headquarters to its divisional operation in South Carolina and will reimburse him for both direct
and indirect moving expenses. What tax issues […]

Georgia is an executive who recently completed an assignment with her employer at an away-
from-home location. It was realistically expected that the assignment would be completed in 15
months but the actual time period was only 11 months. Georgia incurred $15,000 of away-from-
home expenses during the 11-month period, none of […]

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The owner of an unincorporated small business is considering whether to establish a simplified

employee pension (SEP) plan for its employees. a. What nontax factors might make an SEP
attractive as an alternative to establishing a qualified pension or profit-sharing plan? b. Is the
owner of the small business eligible […]

Sally, who is single and age 40, made deductible IRA contributions in several early years, but
has not been eligible to make deductible IRA contributions for the last 5 years because she is
covered under her employer’s plan. Her AGI is $100,000. She is interested in making IRA
contributions in […]

Your client, Charley Long, age 40, has requested your advice with respect to his IRA. He has a
traditional IRA with a balance of $250,000 and his current AGI is $250,000. He expects his
income to increase slightly when he retires at age 65. Charley has been reading about Roth […]

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