Myron graduates from college this year and lands a job with the Collingwood Corporation in Dallas. After
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Transportation of household goods . $2,000
Lodging ............. 675
Meals ............... 330
Mileage ......... (1,560 miles)
House-hunting trip:
Airfare .............. 325
Lodging ............... 165
Meals ............... 110
The expenses listed include $375 for lodging and $230 for meals in Panama City. The direct mileage between Atlanta and Dallas is 1,340 miles. When Myron arrives in Dallas, he is informed that the moving van has mechanical problems and will not arrive for two days. Instead of sleeping on the apartment floor, he stays in a local hotel, paying $55 per night; he also spends $60 for meals. What is Myron’s allowable moving deduction?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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