Using the legend provided, classify each of the following statements: Legend A = Tax avoidance E =

Question:

Using the legend provided, classify each of the following statements:
Legend

A = Tax avoidance
E = Tax evasion
N = Neither
a. Sue writes a $707 check for a charitable contribution on December 28, 2017, but does not mail the check to the charitable organization until January 10, 2018. She takes a deduction in 2017.
b. Sam decides not to report interest income from a bank because the amount is only $19.75.
c. Harry pays property taxes on his home in December 2017 rather than waiting until February 2018.
d. Variet switches her investments from taxable corporate bonds to tax-exempt municipal bonds.
e. Mel encourages his mother to save most of her Social Security benefits so that he will be able to claim her as a dependent.

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South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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