After moving to his current residence. James established a neighborhood watch business for his neighborhood on August 1, 2016. His neighborhood association gave him a 1099-MISC reporting nonemployee compensation of $5, 956 for "watch" services provided during 2016. He incurred the following expenses for his business endeavor: $672 in printing fees. $1, 108 in supplies used, and $581 in telephone expenses. He also drove 1, 150 miles to carry out this activity patrol. This sale below was reported to IRS only with proceeds price, no basis was determined by the broker. On May 1, 2016. Jean and James sold 25, 600 shares of WMT common stock for $1, 177, 600. This was to help them pay some of the overwhelming medical bills. They paid a total of $2, 460 in broker fees in the disposition of the stock. Jean originally purchased the stock on March 20, 1980. She bought 100 shares of WMT's common stock for $3, 175. Stock splits have been very profitable. In trying to find a cure for Jean's illness, the Jones' undertook several experimental treatments. Unfortunately, many of them were not covered by insurance (the Jones' had qualifying insurance coverage for all of them for 2016). After insurance paid its portion of their medical expenses, they still paid $15, 752 for prescription medications. $65, 682 in doctor's bills, and $175,001 for hospital bills and $6, 800 for family medical coverage. Of these expenses. $27,000 of doctor's bills and $64,000 of hospital bills were incurred in conjunction with medical treatment undertaken in Mexico. They traveled 2, 175 miles for medical purposed during 2016. Writing assignment: James wants to know if the foreign medical items can be deductible on this return - research this question and using at least 3 different sources (one of which must be primary), explain why the foreign medical expenses may or may not be deductible. You should write this in a letter to the client format (see chapter 2 for an example). They paid $798 in property taxes on their joint Idabel primary residence, and then James incurred and paid $444 on his new Edmond residence after the move, made a cash contribution to their church of $125, 282 and another cash contribution of $1, 500 to the Indonesian Disaster Relief Fund in Nepal. They paid $430 during 2016 for the preparation of their 2014 income tax returns and $125 to rent a safety deposit box at a local bank for important papers including tax returns. Proper documentation exists for all of the above. James incurred investment advice expenses of $1, 500. To try and meet new people in Edmond, James attended an art class at the local university spending $1, 272 for tuition and related fees and qualifying materials during the fall semester of 2016. He spent another $200 for books and supplies. James and Jean made quarterly payments during 2016 that totaled $57,000 for federal and $19, 500 for state taxes. After moving to his current residence. James established a neighborhood watch business for his neighborhood on August 1, 2016. His neighborhood association gave him a 1099-MISC reporting nonemployee compensation of $5, 956 for "watch" services provided during 2016. He incurred the following expenses for his business endeavor: $672 in printing fees. $1, 108 in supplies used, and $581 in telephone expenses. He also drove 1, 150 miles to carry out this activity patrol. This sale below was reported to IRS only with proceeds price, no basis was determined by the broker. On May 1, 2016. Jean and James sold 25, 600 shares of WMT common stock for $1, 177, 600. This was to help them pay some of the overwhelming medical bills. They paid a total of $2, 460 in broker fees in the disposition of the stock. Jean originally purchased the stock on March 20, 1980. She bought 100 shares of WMT's common stock for $3, 175. Stock splits have been very profitable. In trying to find a cure for Jean's illness, the Jones' undertook several experimental treatments. Unfortunately, many of them were not covered by insurance (the Jones' had qualifying insurance coverage for all of them for 2016). After insurance paid its portion of their medical expenses, they still paid $15, 752 for prescription medications. $65, 682 in doctor's bills, and $175,001 for hospital bills and $6, 800 for family medical coverage. Of these expenses. $27,000 of doctor's bills and $64,000 of hospital bills were incurred in conjunction with medical treatment undertaken in Mexico. They traveled 2, 175 miles for medical purposed during 2016. Writing assignment: James wants to know if the foreign medical items can be deductible on this return - research this question and using at least 3 different sources (one of which must be primary), explain why the foreign medical expenses may or may not be deductible. You should write this in a letter to the client format (see chapter 2 for an example). They paid $798 in property taxes on their joint Idabel primary residence, and then James incurred and paid $444 on his new Edmond residence after the move, made a cash contribution to their church of $125, 282 and another cash contribution of $1, 500 to the Indonesian Disaster Relief Fund in Nepal. They paid $430 during 2016 for the preparation of their 2014 income tax returns and $125 to rent a safety deposit box at a local bank for important papers including tax returns. Proper documentation exists for all of the above. James incurred investment advice expenses of $1, 500. To try and meet new people in Edmond, James attended an art class at the local university spending $1, 272 for tuition and related fees and qualifying materials during the fall semester of 2016. He spent another $200 for books and supplies. James and Jean made quarterly payments during 2016 that totaled $57,000 for federal and $19, 500 for state taxes