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1. You are the tax consultant for a spouse in a divorce proceeding.
Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient. 2. A tax client has the opportunity to purchase a corporate bond with a yield to maturity of 6% OR a municipal 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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