Leland owns a duplex that he rents out on a regular basis. Rental of the property is Leland's only business. He spends about 900 hours per year marketing and managing this rental property, collecting rent, and performing minor repairs and maintenance. Leland also occasionally hires and pays professional electricians, plumbers, and carpenters to do maintenance work on his rental property. Is Leland's rental activity considered a passive activity under the IRC. Explain.

For tax purposes, what is the significance of classification of a taxpayer as an employee versus a self-employed independent contractor? What does the IRS look at to determine whether someone is classified correctly?

Katrina is an employee who incurs $2,500 of business meal expenses in connection with her business travel and entertainment of her employer's clients. Her employer does not reimburse Katrina for these expenses. $300 of these expenses are considered lavish or extravagant. How much of these expenses may Katrina deduct as a miscellaneous itemized deduction on Schedule A of Form 1040 before applying the 2% of AGI floor?

One of your clients belongs to a country club. She uses the club's facilities primarily to entertain actual and potential customers and vendors with whom she does or might do business. She asks you whether she may deduct her club dues on her federal income tax return. How would you advise her? Explain the basis for your advice.

What are two requirements that must be met for a taxpayer to qualify for the moving expense deduction? Is the deduction a For AGI deduction or a From AGI deduction?

What are the main differences between a traditional deductible IRA and a Roth IRA? If a 30-year-old taxpayer came to you for advice regarding whether she should open a traditional deductible IRA or a Roth IRA, what would you advise her? What if she needed to withdraw money from her IRA before reaching 59? What if your client were a 55-year-old taxpayer? Would your advice change?