Week 5discusiions Essay Example | Topics and Well Written Essays - 250 words

Week 5discusiions - Essay ExampleAn active that impart subscribe to to weight loss is a treatment procedure. Therefore, an expense incurred during the weight loss process becomes a permitted deduction. However, the deductions must(prenominal) be more than 10% of the Annual Gross Income of the taxpayer (U.S Department of the Treasury, 2015). Furthermore, the taxpayer should not appear as a dependent on another persons tax returns.A client who owns stocks can inventory equal organizations through appreciated securities in the stock market. The decision to sell the appreciated shares means that the client will forego the capital gains associated with them. The client will forego the capital gains and tax liabilities, but will include them as say-so deductions. Furthermore, the deduction will be on the prevailing market treasure.However, when the qualified group is receiving the stock and wants value for money, they will have to cash the shares. Since the organization is non-prof it, it would not be apt(p) to tax liability associated with capital gains.For instance, consider a client with appreciated securities of 10,000 with a market value of $45. The client decides to offer the stock (10,000) to a qualified organization. They can deduct $45,000 as part of the potential deductions. They will have contributed the appreciated shares, and realized gains through the