choose one of the many topics we looked at this semester, which do you think would be most difficult to explain to a tax client? Why?

The topics are ( short answer please)

1: Introduction to Taxation, the Income Tax Formula, and Form 1040

2: Expanded Tax Formula, Form 1040

3: Gross Income Inclusions and Exdlusions

4: Adjustments for Adjusted Gross Income

5: Itemized Deductions

6: Self Employed Business Income (Line 12 of Schedule 1 and Schedule C)

7: Capital Gains and Other Sales of Property

8: Rental Property, Royalties, and Income from Flow-Through Entities

9: Tax Credits

10: Payroll Taxes

12: Special Property Transactions

13: At Risk/Passive Activity Loss Rules and the Individual Alternative