Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Duncan Devious (age 52) is a self-employed attorney. Duncan loves to be noticed in public and, therefore, he drives a 7,000-pound, military-type, SUV, the only

Duncan Devious (age 52) is a self-employed attorney. Duncan loves to be noticed in public and, therefore, he drives a 7,000-pound, military-type, SUV, the only vehicle he owns. Would You When you are preparing his tax return, you notice that he claims 90 percent of his total auto expenses as a business deduction on his Schedule C and 10 percent as personal use, Sign This with total miles driven in 2021 as 10,000. YOU note from his home and office addresses on Tax Return? his tax return that he lives approximately 15 miles from his office. The total of the expenses (i.e., gas, oil, maintenance, depreciation) he claims is $31 , 200. He does not have a mileage log to substantiate the business use of the SUV. Would you sign the Paid Preparer's declaration on this return? Why or why not?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

BMW Brand Audit

Authors: Marion Maguire

1st Edition

3638653137, 978-3638653138

More Books

Students also viewed these Accounting questions

Question

=+3. In what ways is the human mind superior to computers?

Answered: 1 week ago