Misc Flashcards
0
Q
Adjustments TO AGI
A
O SHIT EM AS IS One half SE FICA Student loan int exp HSA IRA Tuition & fee ded Educator exp Moving exp Alimony pd SE health ins Int withdrawal penalty SE retirement income
1
Q
Who does not have to file a form 990 (tax exempt org)
A
$50,000 and CHRIST
$50,000 or less gross receipts Churches HS - religious Religious orders Internal support aux Societies - missionary related Tax exempt org by Congress
2
Q
Adjustments FROM AGI
A
MIT MOCC
Med exp (in excess 10% AGI) Int exp (home & invest) Taxes - state & local inc/sales/prop Misc (in excess 2% AGI) Other misc Charity (up to 50% AGI) Casualty/theft (in excess 10% AGI)
