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1. Explain the 4 tax deduction categories and whether they are deductions FOR AGI or FROM AGI. 2. Explain the 4 criteria for expenditures to be classified as a trade/business expense. 3. Explain how Business Investigation Start-Up Costs are handled. 4. Explain how Organizational Costs are handled. 5. Explain how Student Loan Interest is treated. 6. Explain Health Savings Accounts (HSA). 7. Explain the Business Interest Expense. 8. Explain Hobby and Gambling Losses. 9. Explain Public Policy Restrictions. 10. Explain Lobbying and Political Contributions 11. Explain expenses related to tax-exempt income..

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1. Explain the 4 tax deduction categories and whether they are deductions FOR AGI or FROM AGI. 2. Explain the 4 criteria for expenditures to be classified as a trade/business expense. 3. Explain how Business Investigation Start-Up Costs are handled. 4. Explain how Organizational Costs are handled. 5. Explain how Student Loan Interest is treated. 6. Explain Health Savings Accounts (HSA). 7. Explain the Business Interest Expense. 8. Explain Hobby and Gambling Losses. 9. Explain Public Policy Restrictions. 10. Explain Lobbying and Political Contributions 11. Explain expenses related to tax-exempt income.

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1 Explain the 4 tax deduction categories and whether they a.pdf

  • 1. 1. Explain the 4 tax deduction categories and whether they are deductions FOR AGI or FROM AGI. 2. Explain the 4 criteria for expenditures to be classified as a trade/business expense. 3. Explain how Business Investigation Start-Up Costs are handled. 4. Explain how Organizational Costs are handled. 5. Explain how Student Loan Interest is treated. 6. Explain Health Savings Accounts (HSA). 7. Explain the Business Interest Expense. 8. Explain Hobby and Gambling Losses. 9. Explain Public Policy Restrictions. 10. Explain Lobbying and Political Contributions 11. Explain expenses related to tax-exempt income.