1. You are the tax consultant for a spouse in a divorce proceeding. Please discuss...

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Accounting

1. You are the tax consultant for a spouse in a divorce proceeding. Please discuss and compare alimony versus child support from a tax persepective. Please discuss this issue from the perspective of the payor and from the recipient.

2. A tax client has the opportunity to puchase a corporate bond with a yield to maturity of 6% OR a municpal bond with a yield to maturity of 4%. They are in the 33.33% marginal tax bracket. Please advise them of the tax implications of each investment choice.

3. A tax client who owns a business wishes to either purchase or lease a new Lexus. The cars's purchase price is $50,000 and she expects to drive the car about 80% for business. Please compare and contrast the tax deductions under the two scenarios and then make a recommendation.

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