Charles and Camilla got divorced in 2018. Under the terms of the decree Charles  pays Camilla $50,000 in cash in each of the next five years (or until Camilla’s death or remarriage). In addition, Charles transferred a castle worth $2,000,000 to Camilla in 2018 and will pay $12,000 per year to support their son, Harry, until he turns 19 years old. What amount (if any) is included in Camilla’s gross income in 2020?

Olsen earned $1,500 this year, and his employer withheld $200 of federal income tax from his salary. Assuming that Olsen is single, 30 years old, and will have zero tax liability this year, he:

Which of the following is not considered a primary authority?

Lara’s husband passed away this year. After his death, Lara received $250,000 of proceeds from life insurance on her husband, and she inherited her husband’s stock portfolio, worth $750,000. What amount must Lara include in her gross income?

A taxpayer instructing her son to collect rent checks for the taxpayer’s property and to report this as taxable income on the son’s tax return violates which doctrine?

This year Non provided services to several clients, each of whom paid with different types of property. Which of the following payments is not included in Non’s gross income?

Pelosi is a cash-basis calendar-year taxpayer. During the last week of December she received a letter containing a $5,000 check for services rendered. Which of the following is a true statement?

If Lana requests an extension to file her individual tax return in a timely manner, the latest she could pay her tax due without penalty is:

Helen and John Wick filed jointly in Year 1. They divorced in Year 2. Late in Year 2, the IRS discovered that the Wicks underpaid their Year 1 taxes by $2,000. Both Helen and John worked in Year 1 and received equal income but John had $2,000 less tax withheld than Helen did. Who is legally liable for the tax underpayment?

For filing status purposes, the taxpayer’s marital status is determined at what point during the year?