Code Section Scavenger Hunt 1.a.) Which code section defines “Adjusted Gross Income”? b.) Cite the related regulation for this section c.) Is this regulation.

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Presentation transcript:

Code Section Scavenger Hunt 1.a.) Which code section defines “Adjusted Gross Income”? b.) Cite the related regulation for this section c.) Is this regulation permanent, temporary or proposed?

2.a.) Which code section discusses allowable moving expenses for an individual? b.) What 2 types of moving expenses are allowed as a deduction? c.) Give proper citation

3.a.) Are meals received by wait staff during their shifts considered income to the taxpayer? b.) Cite proper Treasury Reg

4.You finish your degree at Texas Tech. Unfortunately you had to use student loans to finance your education. a.) Can you deduct any of your student loan? b.) If yes, how much for 2007? c.) Cite proper Code section

5.a.) Which code section or sections explain and define the dependency exemption tests? b.) Give citation for related regulation that defines a child fro a dection for a personal exemption. c.) According to this regulation, is an adopted son or daughter a child for purposes of the dependency exemption?