The above file is an exercise KPMG used in their "Why Tax" presentation to our students last fall. Please modify the instructions in the following
manner:
Instead of a presentation, draft a memo to Bobby Joe describing the tax treatment of his moving expenses in 2018 and contrast that with how they
would have been treated in 2017 (with support from the tax code).
This assignment, should you choose to complete it, will be worth 5 percentage points toward your overall grade. Credit will be all or nothing, so please
do not submit half-effort work. For full credit, your memo should:
- Be in good business memo format
- Discuss what, if any, moving deductions would be allowed in 2018 and the treatment of those deductions including but not limited to effect on
taxable income and tax liability - Contrast with what, if any, moving deductions would be allowed in 2017 and the treatment of those deductions including but not limited to effect on
taxable income and tax liability - Include support for your conclusions from the code