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Loose Leaf for Principles of Taxation for Business and Investment Planning 2019 Edition
22nd Edition
ISBN: 9781260161472
Author: Sally Jones, Shelley C. Rhoades-Catanach
Publisher: McGraw-Hill Education
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Question
Chapter 17, Problem 2TPC
To determine
Determine the type of tax planning objective that is accomplished by Person I while structuring the donation.
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On December 27, 2019, Roberta purchased four tickets to a charity ball sponsoredby the city of San Diego for the benefit of underprivileged children.Each ticket cost $200 and had a fair market value of $35. On the same day as thepurchase, Roberta gave the tickets to the minister of her church for personal use byhis family. At the time of the gift of the tickets, Roberta pledged $4,000 to the buildingfund of her church. The pledge was satisfied by a check dated December 31,2019, but not mailed until January 3, 2020.a. Presuming that Roberta is a cash basis and calendar year taxpayer, how muchcan she deduct as a charitable contribution for 2019?b. Would the amount of the deduction be any different if Roberta was an accrualbasis taxpayer? Explain.
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First…
On December 27, 2021, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of
underprivileged children. Each ticket cost $200 and had a fair market value of $35. On the same day as the purchase, Roberta gave the
tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $4,000 to the
building fund of her church. The pledge was satisfied by a check dated December 31, 2021, but not mailed until January 3, 2022.
If an amount is zero, enter "0".
a. Presuming Roberta is a cash basis and calendar year taxpayer, she can deduct $
for the tickets and $
for the pledge as a charitable contribution for 2021.
b. Would the amount of the deduction be any different if Roberta were an accrual basis taxpayer?
If Roberta is an accrual basis and calendar year taxpayer, she can deduct $
for the tickets and
for the
pledge as a charitable contribution for 2021.
Chapter 17 Solutions
Loose Leaf for Principles of Taxation for Business and Investment Planning 2019 Edition
Ch. 17 - Prob. 1QPDCh. 17 - Discuss the tax policy reasons why gifts and...Ch. 17 - In what way does the tax law give preferential...Ch. 17 - Prob. 4QPDCh. 17 - A basic principle of federal tax law is that a...Ch. 17 - Prob. 6QPDCh. 17 - If an individual purchases property insurance on...Ch. 17 - Prob. 8QPDCh. 17 - Prob. 9QPDCh. 17 - Prob. 10QPD
Ch. 17 - Prob. 11QPDCh. 17 - Prob. 12QPDCh. 17 - Prob. 1APCh. 17 - Prob. 2APCh. 17 - Prob. 3APCh. 17 - Prob. 4APCh. 17 - Prob. 5APCh. 17 - Prob. 6APCh. 17 - Prob. 7APCh. 17 - Prob. 8APCh. 17 - Prob. 9APCh. 17 - Prob. 10APCh. 17 - Prob. 11APCh. 17 - Prob. 12APCh. 17 - Prob. 13APCh. 17 - Prob. 14APCh. 17 - Prob. 15APCh. 17 - Prob. 16APCh. 17 - Prob. 17APCh. 17 - Prob. 18APCh. 17 - Prob. 19APCh. 17 - Prob. 20APCh. 17 - Prob. 21APCh. 17 - Prob. 22APCh. 17 - Prob. 23APCh. 17 - Prob. 24APCh. 17 - Prob. 25APCh. 17 - Prob. 26APCh. 17 - Prob. 27APCh. 17 - Prob. 28APCh. 17 - Prob. 29APCh. 17 - Prob. 30APCh. 17 - Prob. 31APCh. 17 - Prob. 32APCh. 17 - Prob. 33APCh. 17 - Prob. 1IRPCh. 17 - Prob. 2IRPCh. 17 - Prob. 3IRPCh. 17 - Prob. 4IRPCh. 17 - Prob. 5IRPCh. 17 - Prob. 6IRPCh. 17 - Prob. 7IRPCh. 17 - Mrs. Newton, who is a self-employed author, paid...Ch. 17 - Prob. 9IRPCh. 17 - Prob. 10IRPCh. 17 - Prob. 11IRPCh. 17 - Prob. 12IRPCh. 17 - Prob. 13IRPCh. 17 - Prob. 14IRPCh. 17 - Prob. 15IRPCh. 17 - Prob. 16IRPCh. 17 - Prob. 1RPCh. 17 - Prob. 2RPCh. 17 - Prob. 3RPCh. 17 - Prob. 4RPCh. 17 - Prob. 5RPCh. 17 - Prob. 1TPCCh. 17 - Prob. 2TPCCh. 17 - Prob. 3TPCCh. 17 - Prob. 1CPCh. 17 - Prob. 2CPCh. 17 - Prob. 3CP
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