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  1. Dan and Pam Jones have household income which includes Dan’s $200,000 as an employee of Zions Bank, and Pam’s $300,000 as a sole proprietor computer programmer. Pam has purchased $150,000 of computer hardware items and$50,000 of office equipment(printers, photocopiers, etc.) for her business. She also pays about $100,000 in W-2 wages to her employees. What, if any, deduction under IRC Sect. 199A is available to Dan and Pam, married filing jointly?
  2. What is a highly compensated person under ERISA (the qualified deferred compensation rules)? Why is that definition significant and how is it applied?
  3. What is a forfeiture under a qualified defined benefit pension plan and how can forfeitures be used?