Personal Income Tax Accounting problem solution

explanation and personal income tax problem solved, line by line on the tax form 1040

Identifying tax related issue--expanding operations

In the following situation, I am having problems identifying the related tax issue. Morgan Corporation is planning to expand its operations into either State J or State K. Property costs are lower in State J, but skilled labor is in greater supply in State K, which would result in lower projected payroll costs.

Idnetifying tax related issue--selling stock

In the following situation, I am having problems identifying the related tax issue. Mr. Tony owns stock that has declined in value. He is considering selling the stock to recognize the tax loss but is reluctant to do so because he believes the stock price will rebound. He arranges to sell the stock to a friend, who then immediately sells it to Stella, Mr. Tony's wife

Identifying tax related issue--owner directing rent payment to someone else

In the following situation, I am having problems identifying the related tax issue. Ms. Christina owns rental property earning monthly rent of $2,000. On December 1, 2003, she instructs her tenant to pay the rent due directly to her daughter, Joanna.

Do you think the four standards for a good taxes being fairly applied in the U.S.?

The four standards for a good tax (1. Sufficient to raise necessary government revenues, 2. Convenient to administer and to pay, 3. Efficient in economic terms 4. Fair to taxpayers required to pay)overall, do you believe each standard is being fairly applied in the U.S.? Why or why not?