TCO G) Kevin McDilly is a sole proprietor running a used-car lot with two employees, Carmelita and Debbie.

TCO G) Kevin McDilly

is a sole proprietor running a used-car lot with two employees, Carmelita and Debbie. Kevin decides to relocate his business from New Wilmington to Ellwood City, and Carmelita and Debbie agree to relocate as well. All three decide to move their families to Ellwood City. Kevin agreed to reimburse Carmelita and Debbie for their moving expenses.

(a) Debbie’s old residence was 13 miles from the old job location, and the new job location is 71 miles from her old residence. Once in Ellwood City, Debbie worked full-time for the next 2 years. What are the federal income tax consequences for Debbie and Kevin regarding the reimbursement of Debbie’s moving expenses?

(b) Carmelita’s old residence was 8 miles from the old job location, and the new job location is 60 miles from her old residence. Once in Ellwood City, Carmelita works full-time for the first 13 weeks, but then decides she wants to retire to babysit her grandchildren. What are the federal income tax consequences for Carmelita and Kevin regarding the reimbursement of Carmelita’s moving expenses?

(c) Kevin’s old residence was 10 miles from the old job location, and the new job location is 75 miles from his old residence. Once in Ellwood City, Kevin works full-time for the next 52 weeks; however, he only works full-time 20 of the following 52 weeks. What are the federal income tax consequences to Kevin regarding his qualified moving expenses?

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more