Individual Taxation

the homework in the files thank you

1. Describe the federal tax legislation process. 2. Describe the three types of regulations. 3. Describe Revenue rulings and private letter rulings 4. Describe the four courts that hear tax cases. Calculate Adjusted Gross income for 2017 for Darla Douglass Based on the following information: Alimony received $40,000 Child Support received $50,000 salary $100,000 State of Mississippi bond interest $10,000 Sole proprietorship income $60,000 Capital loss ($70,000) Contribution to individual Retirement Account $1 ,OOO Treasury bill interest $50,000 Alimony paid $30,000 Unemployment compensation $15,000 Child support paid $5,000 Penalty for early withdrawal from a timed savings account $100 Darla received a $40,000 gift from her great aunt, Doris Darla found a ring worth $12,000 on the train Darla won $10,000 at the Belmont Stakes Qualified student loan interest $1,000 Unreimbursed Employee moving expenses $30,000 Darla purchased $250 worth of supplies for her third grade class. Darla received $30,000 in litigation arising from a fall at the bicycle accident where she broke her arm. Contribution to Health savings Account $1 ,OOO Darla inherited $100,000 from her grandfather Darla's sister paid her $10,000 from a 2011 loan Interest on Bank of America savings account $3,000 Dividends received from Google $30,000 Rental income $10,000 Darla was the beneficiary of a $20,000 life insurance policy on her late great aunt Dianna