Please help with the following questions. In-depth analysis and detail are appreciated. Please provide your answer in word document that I have provided below. Thank you!

1. Discuss at what point in time a theft loss is generally recognized. 2. Sam, age 45, is single. For 2015, he has the following items: Business Income Business Expenses Alimony Paid Interest Income Itemized Deductions $70,000 $75,000 $12,000 $3,000 $8,000 a. Determine Sam's taxable income for 2015. b. Determine Sam's NOL for 2015. 3. Describe what Internal Revenue Code section 179 is and its limitations. 4. Describe everything found on a Schedule C and who would file this schedule. 5. What are the rules for Net Operating Losses (NOLs) such as carry back/carry forwards? 6. What are the rules regarding Start up costs? 7. What are the qualified expense deductions for transportation expenses, such as use of your person auto for self-employed? 8. What are qualified moving expenses and who and when can they be deducted? 9. What are the rules governing Travel expenses, such as flying to meet clients for self-employed? 10. What are the rules governing Entertainment expenses and their deductibility for self-employed? . Discuss at what point in time a theft loss is generally recognized. . Sam, age 45, is single. For 2015, he has the following items: Business Income $70,000 Business Expenses $75,000 Alimony Paid $12,000 Interest Income $3,000 Itemized Deductions $8,000 a. Determine Sam's taxable income for 2015. b. Determine Sam's NOL for 2015. . Describe what Internal Revenue Code section 179 is and its limitations. . Describe everything found on a Schedule C and who would le this schedule. . What are the rules for Net Operating Losses [NOLs) such as carry back/ carry forwards? . What are the rules regarding Start up costs? . What are the qualied expense deductions for transportation expenses, such as use of your person auto for self-employed? . What are qualied moving expenses and who and when can they be deducted? . What are the rules governing Travel expenses, such as ying to meet clients for self-employed? 10. What are the rules governing Entertainment expenses and their deductibility for self-employed