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When a tax payer can be eligible to receive standard deduction or itemized deductions? Is there...

When a tax payer can be eligible to receive standard deduction or itemized deductions? Is there any certain income level where a taxpayer would not be eligible for either? What is the current status of exemption deductions? What are the tiebreaker rules for claiming qualified child? Can a tax payer/preparer use either tax table or tax rate. Is there a statute of limitation on tax audit? Is there taxes imposed on capital gains? Explain. Explain the rules for determining whether someone is a dependent. Are all types of dependent the same? Explain. Can you provide examples. Why it is important to choose the proper filing status? How you may plan your tax liability to reduce paying taxes? Is it legal to do such planning? Is it ethical? Elaborate citing few examples.

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ekkarill92 answered 1 year ago
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