Across
- 3. These payments are deductible to the payor and taxable to the payee.
- 4. These itemized deductions are subject to a floor of 2% of AGI under § 67(a).
- 5. The form in which an employee achievement award must be given to be excludable under § 74(a).
- 9. These expenditures are deductible up to $5,000 under § 195(b).
- 10. These losses are deductible under § 183 to the extent of the income generated.
- 11. This employee fringe benefit is excludable up to $175 per month.
- 14. Goodwill cannot be amortized if it was __________ by the taxpayer.
- 15. Employee compensation for the creation of __________ assets need not be capitalized and, therefore, can be deducted.
- 19. This credit does not include overnight camp as a qualifying expense.
- 20. The American Opportunity Credit expanded this credit from two years to four years.
Down
- 1. These expenses are not deductible if used to qualify for a new trade or business.
- 2. This person is included as an employee only for the employee fringe benefit of air transportation.
- 4. One of two elements for excluding income from a prize or an award under § 74(b).
- 6. Interest from __________ is excludable under § 103.
- 7. This method of depletion allows the taxpayer to deduct more than he actually paid for the asset.
- 8. One of the enumerated deducible trade or business expenses under § 162(a).
- 12. Neither the Hope nor the American Opportunity Credit is available if the student has been convicted of this type of offense.
- 13. In order for damages to be excluded from gross income under § 104, they must be for ________ injuries or sickness.
- 16. Whether a transfer is a gift depends on the __________ of the giver.
- 17. Many credits have a different __________, which requires that the entire statutory provision be read.
- 18. These are expressly prohibited as deductible trade or business expenses.