Ruby incurred substantial medical expenses ($32,000) and real estate taxes on her residence ($8,000). Because she did
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On her 2012 Federal income tax return, Ruby deducted $24,500 ($32,000 - 7.5% of $100,000 AGI) of medical expenses and $8,000 of real estate taxes. The IRS disallowed these itemized deductions on Ruby's tax return. According to its position, because Ruby did not actually pay these expenses, she is not entitled to any deductions.
Evaluate the positions taken by Ruby and by the IRS?
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Related Book For
South Western Federal Taxation 2014 Comprehensive Volume
ISBN: 9781285180922
37th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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