William, a high school teacher, earns about $50,000 each year. In December 2022, he won $1,000,000 in
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William, a high school teacher, earns about $50,000 each year. In December 2022, he won $1,000,000 in the state lottery. William plans to donate $100,000 to his church. He has asked you, his tax adviser, whether he should donate the $100,000 in 2022 or 2023. Identify the tax issues related to William’s decision.
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Related Book For
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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