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

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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, 2015, but does not mail the check to the charitable organization until January 10, 2016. She takes a deduction in 2015.
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 2015 rather than waiting until February 2016.
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 2016 Comprehensive

ISBN: 9781305395114

39th Edition

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

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