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ENROLLED AGENT EXAM PREP - PART
Whichhoformhoofhobusinesshoentityhoishonothoaholegalhoentityhoseparatehoandhoaparthofromh oitshoowner? A.hoCorporation B.hoPartnership C.hoSolehoproprietorship D.hoShocorporationho-hoans--✔✔C Underhowhichhocircumstancehoishoanhoentityhorequiredhotohoapplyhoforhoahonewhoemployer hoidentificationhonumber? A.hoProprietorshiphothathoincorporates B.hoBusinesshonamehochange C.hoElectinghoorhorevokinghoShocorphostatus D.ho50%hochangehoofhointeresthoinhopartnershiphowithinho 12 homonths.ho-hoans--✔✔A LLC'shomayhobehoanhoattractivehosmallhobusinesshoalternativehoashoopposedhotohoanhoSho corphobecausehoLLC'shoofferhothehofollowinghoadvantage(s)honothoavailablehoinhoShocorps : A.hoInclusionhoofhoentity-levelholiabilitieshoinhotaxhobasis B.hoPass-throughhotaxation C.hoFlexibilityhoinhotypeshoofhoownershoandhoownershiphointerest D.hoBothhoinclusionhoofhoentity- levelholiabilitieshoinhotaxhobasishoandhoflexibilityhoinhotypeshoofhoownershoandhoownershipho interests.ho-hoans--✔✔D AhodomestichoLLChowithhoatholeasthotwohomembershothathodoeshonothofilehoFormho8832,ho EntityhoClassificationhoElection,hoishoclassifiedhoas A.hoAnhoentityhodisregardedhoashoanhoentityhoseparatehofromhoitshoownershobyhoapplyingho thehoruleshoinhoRegulationshoSectionho301.7701- B.hoAhopartnership C.hoAhocorporation D.hoAhonon- entityhothathorequireshomembershotohoreporthothehoincomehoandhorelatedhoexpenseshoonho Formho 1040 ho-hoans--✔✔B
Whichhoofhothehofollowinghostatementshoregardinghoaccountinghomethodshoishofalse? A.hoIfhoinventorieshoarehonecessary,hothehoaccrualhomethodhoishousedhoforhosaleshoandhop urchases B.hoAhocombinationho(hybrid)homethodhoishonothoanhoacceptablehomethodhoofhoaccounting C.hoAhochangehofromhothehoaccrualhotohothehocashhomethodhoofhoaccountinghorequireshoc onsenthofromhothehoIRS D.hoUnderhothehocashhomethodhoofhoaccounting,hogrosshoincomehoincludeshoallhoitemshoof hoincomehoactuallyhoorhoconstructivelyhoreceivedhoduringhothehoyearho-hoans--✔✔B Youhocanhocomputehoyourhotaxablehoincomehounderhowhichhoofhothehofollowinghoaccounti nghomethods? A.hoHybridhomethod B.hoAccrualhomethod C.hoSpecialhomethodhoforhocertainhoitems D.hoAllhoofhothehoanswershoarehocorrectho-hoans--✔✔D WhichhoofhothehofollowinghoaccountinghochangeshodohonothorequirehothehofilinghoofhoForm ho 3115 hotohorequesthoahochangehoinhoaccountinghomethod? A.hoCorrectionhoofhoahomathhoerror B.hoChangehofromhoaccrualhomethodhotohocashhomethod C.hoChangehoinhothehomethodhoinventoryhoishovalued D.hoChangehofromhocashhomethodhotohoaccrualhomethodho-hoans--✔✔A Whichhoofhothehofollowinghoaccountinghomethodshoishonothoanhoacceptablehomethodhoofho reportinghoincomehoandhoexpenses? A.hoIfhoanhoinventoryhoishonecessaryhotohoaccounthoforhoyourhoincome,hoyouhomusthouseho anhoaccrualhomethodhoforhopurchaseshoandhosales.hoYouhocanhousehothehocashhomethodh oforhoallhootherhoitemshoofhoincomehoandhoexpenses. B.hoIfhoyouhousehothehocashhomethodhoforhofiguringhoyourhoincome,hoyouhocanhousehotheho accrualhomethodhoforhofiguringhoyourhoexpenses. C.hoAnyhocombinationhothathoincludeshothehocashhomethodhoishotreatedhoashothehocashho method. D.hoYouhocanhousehodifferenthoaccountinghomethodshoforhoreportinghobusinesshoandhoper sonalhoitems.ho-hoans--✔✔B Generally,hoallhoofhothehofollowinghoentitieshomayhousehothehocashhomethodhoofhoaccounti nghoexcept A.hoAhofamilyhofarminghocorporationhowithhogrosshoreceiptshoofho$25homillionhoorholess.
Johnhoishoahocash- basishotaxpayer.hoHehoreceivedhothehofollowinghoitemshoofhoincomehoinhoDecemberho 201 6: 1.hoTheholoanhoonhohishotruckhowashoforgivenhobecausehohehoperformedhoaccountinghowo rkhoforhothehodealer.hoHehoowedho$2000hoathothehotime. 2.hoAhoretainerhoofho$500hofromhoahonewhoclienthotohoguaranteehothathohishoserviceshowou ldhobehoavailablehoinhoFebruaryhowhenhothehoclienthowouldhoneedhohelphopreparinghofinan cialhostatements. 3.hoTheho$800hoforhoworkhohehocompletedhoinhoNovemberho2015. HowhomuchhoofhothishoincomehomusthoJohnhoincludehoonhohisho 2016 hotaxhoreturn? A.ho$ B.ho$ C.ho$ D.ho$3300ho-hoans--✔✔D Markhoishoanhoaccrualhomethodhotaxpayer.hoHehoshippedho$500howorthhoofhomerchandise hotohoRalphhoonhoDecemberho30,ho2016.hoMarkhosenthoRalphhoanhoinvoicehoonhoJanuaryh o2,ho2017,hothathowashopayablehoinho 30 hodays.hoRalphhomailedhohishocheckhotohomarkhoon hoFebruaryho2,ho2017.hoMarkhoreceivedhoandhoreconciledhohishobankhostatementhoMarchh o3,ho2017.hoWhenhodoeshoMarkhorecordhotheho$500hoinhoincome? A.hoJanuaryho2,ho 2017 B.hoMarchho3,ho 2017 C.hoDecemberho30,ho 2016 D.hoFebruaryho6,ho 2017 ho-hoans--✔✔C Peterhoishoanhoautohomechanic.hoOnhoNovemberho25,ho 2016 hohehomadehosomehomajorho autohorepairshoonhoHarry'shoMercedes.hoHarryhoishoanhoattorney.hoInhoexchangehoforhothe hoservice,hoHarryhoishogoinghotohodrafthoPeter'showillhoandhorepresenthohimhowhenhohehose ttleshoonhohishonewhohouse.hoHarryhowillhoperformhoallhoofhothesehoserviceshoinho2017.hoT hehorepairhobillhoforhothehoMercedeshocamehotoho$1200.hoBothhoPeterhoandhoHarryhoareho cash-basishotaxpayers.hoHowhodohotheyhoreporthothishoincome. A.hoBothhoreportho$1200hoincomehoinho 2016 B.hoBothhoreportho$1200hoincomehoinho 2017 C.hoHarryhoreportsho$1200hoinho2016,hoPeterhoreportsho$1200hoinho 2017 D.hoPeterhoreportsho$1200hoinho2016,hoHarryhoreportsho$1200hoinho 2017 ho-hoans--✔✔C Ms.hoDeehoownshoandhooperateshoahodancehostudio.hoOnhoDecemberho1,ho2015,hoshehore ceivedhoanhoadvancehopaymenthoofho$2400hofromhoAngiehotohogivehoherho 12 hodanceholes sons.hoThehoagreementhostatedhothathooneholessonhowouldhobehogivenhoinho 2015 hoandho 1 1 holessonshoinho2016.hoHowever,hoduehotohoAngela'shohealth,hooneholessonhoscheduledho
forhoJuneho 2016 howashopostponedhountilhoJanuaryho2017.hoMs.hoDeehouseshothehocalend arhoyearhoandhothehoaccrualhomethodhoofhoaccounting.hoAssuminghoDeehoelectshotohodefe rhothehoadvancehopayments,howhenhomusthoshehoincludehothehopaymenthoreceivedhofromh oAngelahoashoincome? A.ho$2400hoinho 2016 B.ho$200hoinho2015,ho$2200hoinho 2016 C.ho$200hoinho2015,ho$2000hoinho2016,ho$200hoinho 2017 D.ho$2400hoinho 2015 ho-hoans--✔✔B Mr.hoJ,hoahocash- methodhotaxpayer,hooperateshoahobusinesshoandhofileshohishoreturnhoonhoahocalendar- yearhobasis.hoInhoYearho1,hoMr.hoJhotookhoouthoaho3- yearhofirehoinsurancehopolicyhoonhohishobuildinghoeffectivehoNovemberho1.hoOnhoJanuaryh o1,hoYearho2,hoMr.hoJhopaidhoahopremiumhoofho$1600hoforhotheho 3 hoyears.hoWhathoamount homayhoMr.hoJhodeducthoashoanhoinsurancehoexpensehoinhoYearho2? A.ho$ B.ho$ C.ho$ D.ho$1600ho-hoans--✔✔C FarmerhoJohn,hoahocash- basishotaxpayer,hoboughtho$3000hoofhocattlehofeedhoinhoYearho 1 hoforhousehoinhoYearho2.ho John'shootherhofarminghoexpenseshoforhoYearho 1 hoamountedhotoho$2000.hoInhopriorhoyear shohehoalsohohadhoprepaidhoexpenseshoinhoexcesshoofhonon- prepaidhoexpenses.hoHowhomuchhoandhowhenhoishothehocattlehofeedhodeductible? hoYearho 1 hoYearho 2 A.ho$0ho$ B.ho$0ho$ C.ho$1000ho$ D.ho$3000ho$0ho-hoans--✔✔C Whichhoformhoishousedhotohochangehofromhoonehorequiredhotaxhoyearhotohoanother? A.hoFormho 1120 ho(SchedulehoH) B.hoFormho 1128 C.hoFormho 8716 D.hoFormho 8752 ho-hoans--✔✔B Inhoorderhotohoadopthoahofiscalhotaxhoyearhoonhoitshofirsthofederalhoincomehotaxhoreturn,hoth ehotaxpayerhomust
Mikehoownshoahofour- familyhoapartmenthobuildinghoandhoactivelyhoparticipateshoinhothehorentalhoactivity.hoMikeho advertised,horentedhothehoapartmentshotohothehotenants,hocollectedhorents,hoandhomadeho repairs.hoHishobrother,hoBryan,hoalsohoownshoanhoapartmenthobuilding.hoBryanhospendsho morehothanhohalfhohishotimehodeveloping,hoconstructing,horenting,homanaging,hoandhooper atinghohishoapartmenthobuildinghoashowellhoashoprovidinghoregularhocleaning,holinenhoservi ce,hoandhomadehoservicehoforhothehoconveniencehoofhothehotenants.hoWhichhobrotherhoha shoself-employmenthoincomehofromhothehoapartmenthobuilding? A.hoMike B.hoBryan C.hoBoth D.hoNeitherho-hoans--✔✔B Basedhoonhothehofollowinghoinformation,howhathoishothehoamounthoofhoBeth'shoself- employmenthoincome? SalaryhofromhoherhoShocorpho$ Partnershiphoincomeho(generalhopartner)ho$ Corporatehodirector'shofeesho$ Paymenthofromhoinsurancehocompanyho forholosthoincomeho$ A.ho$ B.ho$ C.ho$ D.ho$24500ho-hoans--✔✔C Dan,hoahocalendar- yearhotaxpayer,hohashothehofollowinghoamountshoofhogrosshoincomehoforho2016: Wagesho$10, Interestho$ FarmhoIncomeho$200, Danhohashotax,hoincludinghoself- employmenthotax,hoofho$20,000,hoandhowithholdinghoofho$1000.hoTohoavoidhoanyhofilingho orhoestimatedhotaxhopenalties,hoDanhomust A.hoFilehoanhoestimatedhotaxhopaymenthobyhoJanuaryho15,ho2017,hoandhopayho60%hoofhot hehotaxhodue B.hoFilehohishotaxhoreturnhoandhopayhoallhothehotaxhoduehobyhoMarchho1,ho 2017 C.hoFilehoanhoestimatedhotaxhopaymenthobyhoMarchho1,ho2017,hoandhopayho 66 ho2/3%hoofh othehotaxhodue
D.hoFilehohishotaxhoreturnhoandhopayhoallhothehotaxhoduehobyhoAprilho15,ho 2017 ho-hoans-- ✔✔B Thehoreceipthoofhoagriculturalhoprogramhopaymentshobyhoahofarmerhoforhorefraininghofromh ogrowinghocropshoshouldhobehoreportedhoas A.hoMiscellaneoushoincomehoonhoFormho 1040 B.hoFarmhoincome,honothosubjecthotohoself-employmenthotax C.hoRentalhoincome,honothosubjecthotohoself-employmenthotax D.hoFarmhoincome,hosubjecthotohoself-employmenthotaxho-hoans--✔✔D FarmerhoJohn,hoahocash-basishofarmer,hooperateshoahocow- calfhobreedinghooperation.hoThehobreederhocowshoarehonothoprimarilyhoheldhoforhosale.hoIn hoadditionhotohothehocalveshoraisedhoonhohishofarm,hoJohnhoalsohopurchaseshocalveshoforho resale.hoDuringho 2016 hoJohnhohadhothehofollowinghoacquisitionshoandhodispositionshoofhoc attle:ho Purchasehoofho 30 hocalveshoforhoresaleho$ Salehoofho 30 hocalveshopurchasedhoforhoresaleho$ Salehoofho 45 hocalveshoraisedhobyhoJohnho$10, Salehoofho 10 hobreederhocowsho$ Originalhocosthoofhobreederhocowsho$ Accumulatedhodepreciationhoofhobreederhocowsho$ WhathoamounthoshouldhoJohnhoincludehoinhogrosshoincomehoonhohishoSchedulehoFhoforho 2 016? A.ho$ B.ho$ C.ho$ D.ho$18580ho-hoans--✔✔A.ho$13,080ho=ho[10,400ho+ho(6100ho-ho3420)] BobbyhoRicehoishoanhounincorporatedhograinhofarmerhoinhoLouisianahowithhoahocalendarho yearhoend.hoBobbyhodoeshonotholivehoorhofarmhoinhoahodisasterhoarea.hoBobbyhocomputed hoanhoestimatedhotaxholiabilityhoofho$25000hoforho2016.hoTohoavoidhothehofailurehotohopayho estimatedhotaxhopenalty,hoBobbyhoshould A.hoMakehohishofirstho 2016 hoestimatedhotaxhopaymenthobyhoMarchho1,ho 2017 B.hoPayhoallhohisho 2016 hoestimatedhotaxeshobyhoFebruaryho15,ho2017,hoandhofilehohishotax horeturnhobyhoAprilho15,ho 2017 C.hoIncludehoanyhoalternativehominimumhotaxhohehoexpectshotohoowehoinhohishocalculation hoofho 2016 hoestimatedhotaxes D.hoPayhoallhoofhohisho 2016 hoestimatedhotaxeshobyhothehoduehodatehoofhohishoreturn.ho- hoans--✔✔C
A.hoForhothehocurrenthoyearhowhenhoahotaxpayerhofileshoSchedulehoFhoshowinghoahofarmho loss B.hoForhothehocurrenthoyearhothathoincludeshoSchedulehoFhoshowinghonethoincomehofromho farming C.hoOnlyhobyhoIRShoafterhothehotaxpayer'shoreturnhoishocompletedhoandhoreviewed D.hoOnhoahofamilyhofarminghocorporationhowithholesshothanho$25homillionhoinhogrosshorecei ptsho-hoans--✔✔B Frankhofileshoahojointhoreturnhowithhohishowife,hoRose.hoFrankhoincurredhoaholosshoofho$ ,00hoonhothehosalehoofhohishoqualifyinghosmallhobusinesshostockho(Sec.ho1244)hoinho2016.h oHowhomuchhoofhothisholosshoishodeductiblehoonhotheirhojointhoreturnhoashoanhoordinaryholo ss? A.ho$125, B.ho$ C.ho$100, D.ho$50,000ho-hoans--✔✔Cho-hobecausehoithoishoahojointhoreturn Whichhoofhothehofollowinghotransactionshoqualifieshoashoaholike-kindhoexchange? A.hoThehoexchangehoofhoahocopyrighthoonhoahonovelhoforhoahocopyrighthoonhoahosong B.hoAnhoexchangehoofhotheho"goodwillhoorhogoinghoconcernhovalue"hoofhoahobusinesshoforh otheho"goodwillhoorhogoinghoconcernhovalue"hoofhoanotherhobusiness C.hoAnhoexchangehoofholandhoimprovedhowithhoanhoapartmenthohousehoforholandhoimprov edhowithhoahostorehobuilding D.hoAnhoexchangehoofhopersonalhopropertyhousedhopredominantlyhoinhothehoUShoforhopers onalhopropertyhousedhopredominantlyhooutsidehothehoUSho-hoans--✔✔C Nelson,hoInchoownedhoahomanufacturinghobuildinghowithhoahofairhomarkethovaluehoofho$95, 000 hoandhoanhoadjustedhobasishoofho$75,000.hoNelson,hoInchoenteredhointohoanhoagreeme nthotohoexchangehothehomanufacturinghobuildinghoforhoahowarehousehowithhoanhoadjustedh obasishoofho$80,000hoandhoahofairhomarkethovaluehoofho$90,000howithhoRobertshoCorporati on.hoInhoaddition,hoNelson,hoInchowouldhopayhoRobertshoCorporationho$5,000hoinhocash.ho Nelson,hoInchoalsohoincurredhoandhopaidhoattorneyhoandhodeedhoprephofeeshoofho$5,000ho onhothishoexchange.hoWhathoishoNelson'shobasishoinhothehowarehousehoithoreceivedhoinhot hisholike-kindhoexchange? A.ho$85, B.ho$90, C.ho$95, D.ho$100,000ho-hoans--✔✔A Joehotradedhoahotruckhowithhoanhoadjustedhobasishoofho$10,000hoandhoreceivedhoahonewho truckhowithhoahofairhomarkethovaluehoofho$9,000hoandho$1,500hocash.hoWhathoishothehobas ishoofhoJoe'shonewhotruck?
A.ho$8, B.ho$10, C.ho$10, D.ho$9,000ho-hoans--✔✔D ThehoPosthoandhoRailhoPartnershiphotradedhoahopiecehoofhofarmholandhowithhoanhoadjuste dhobasishoofho$4,000hoforhoahofarmhotractorhothathohashoahofairhomarkethovaluehoofho$9, 0 hoandhoanhoadjustedhobasishoofho$8,000.hoWhathoishothehorecognizedhogainhoorholoss? A.ho$5, B.ho$4, C.ho$1, D.hoNone,hoithoishoaholike-kindhoexchangeho-hoans--✔✔A AhotornadohodestroyedhoIan'shoforklifthoinho2016.hoIanhohadhopurchasedhothehoforklifthoforh o$8,000hoandhohadhocorrectlyhodeductedho$6,000hoofhodepreciation.hoIan'shoadjustedhoba sishoinhothehoforklifthowasho$2,000.hoIan'shoinsurancehocompanyhoreimbursedhohimho$9, 0,hoandhohehospentho$7,500hoforhoahonewhoforklift.hoHowhomuchhoordinaryhoincomehoshoul dhoIanhoreporthoonhohisho 2016 hoincomehotaxhoreturn? A.ho$ B.ho$1, C.ho$6, D.ho$7,000ho-hoans--✔✔B Sally'shobusinesshoofficehowashocondemnedhotohomakehowayhoforhoanhoexpandedhohighw ayhoonhoMayho1,ho2016.hoSally'shoadjustedhobasishoinhoherhobuildinghowasho$20,000ho($ 0,000hooriginalhocostholessho$60,000hoinhodepreciation).hoHerhoproceedshofromhocondem nationhowereho$220,000.hoSallyhoreplacedhoherhoofficehoonhoNovemberho10,ho 2016 hoathoa hocosthoofho$185,000.hoSallyhomusthorecognizehoahogainhoof A.ho$200, B.ho$ C.ho$35, D.ho$60,000ho-hoans--✔✔C Whichhoofhothehofollowinghotestshoishonothousedhotohodeterminehowhetherhoanhoemployee' shopayhoishodeductiblehoashoanhoexpense? A.hoPaymentshoforhoserviceshoanhoemployeehorenderedhoarehoreasonable.hoThishotesthois hobasedhoonhothehocircumstanceshoathothehotimehoyouhocontracthoforhothehoservices,honoth oonhothosehoexistinghowhenhothehoamounthoofhopayhoishoquestioned. B.hoPaymentshoforhoserviceshoanhoemployeehorenderedhoarehoordinaryhoandhonecessaryh oandhoarehodirectlyhoorhoindirectlyhoconnectedhowithhoyourhotradehoorhobusiness.
A.hoQualifyinghoadoptionhoexpenseshoofho$13,460hoprovidedhothroughhoanhoadoptionhoas sistancehoprogram. B.hoEducationalhoassistancehoexpenseshoofho$5,250hoprovidedhothroughhoanhoeducationa lhoassistancehoprogram. C.ho$60,000hoofhogrouphotermholifehoinsurancehocoveringhothehodeathhoofhoanhoemployee. D.hoDependenthocarehoassistancehoofho$5,000hoprovidedhothroughhoahodependenthocareh oassistancehoprogram.ho-hoans--✔✔C LisahoArsenaulthooperateshoahosmallhobaskethoweavinghobusinesshoashoahosolehoproprieto r.hoShehoincurredhothehofollowinghoexpenseshoinho2016: Beginninghoinventoryhorawhomaterialho$5, Beginninghoinventoryhofinishedhogoodsho$10, Endinghoinventoryhorawhomaterialho$6, Endinghoinventoryhofinishedhogoodsho$4, Purchasesho$17, Fabrichousedhoinhofinishedhogoodsho$2, Buildinghorentho$12, Freighthoinhoonhofabricho$ Freighthoouthoonhosalehoofhofinishedhogoodsho$ Whathowashoherhocosthoofhogoodshosold? A.ho$24, B.ho$24, C.ho$21, D.ho$24,200ho-hoans--✔✔D XYZhoCorporation,hoahoclothinghoretailer,hoshowedhothehofollowinghoexpenseshoinho2016: Clothinghopurchasedhoforhoresaleho$72, Freight-inho$3, Freighthoouthotohocustomersho$1, Beginninghoinventoryho$55, Endinghoinventoryho$42, WhathoishoXYZ'shocosthoofhogoodshosold? A.ho$88, B.ho$175, C.ho$90, D.ho$86,900ho-hoans--✔✔A OnhoJuneho30,ho2016,hoSallyhowhohouseshothehocashhomethodhoofhoaccounting,hoborrowe dho$25,000hofromhoahobankhoforhousehoinhoherhobusiness.hoSallyhowashotohorepayhotheholo
anhoinhoonehopaymenthowithho$2,000hointeresthoonhoDecemberho30,ho2016.hoOnhoDecem berho30,ho2016,hoshehorenewedhothatholoanhoplushothehointeresthodue.hoThehonewholoanho washoforho$27,000.hoWhathoishothehoamounthoofhointeresthoexpensehothathoSallyhocanhode ducthoforho2016? A.ho$ B.ho$ C.ho$1, D.ho$2,000ho-hoans--✔✔A OnhoJanuaryho1,ho 2016 hoCarrieholeasedhopropertyhoforhoherhobusinesshoforho 5 hoyearshofor ho$6,200hoperhoyear.hoCarriehopaidhothehofullho$31,000hoduringhothehofirsthoyearhoofhothehol ease.hoWhathoishoCarrie'shorentalhodeductionhoforhothehoyearho2016? A.ho$31, B.ho$6, C.ho$15, D.ho$24,800ho-hoans--✔✔B Inho 2016 hoCharliehopurchasedhoaholeasehoonhoanhoofficehobuildinghoforho 4 hoyears,hobeginn inghoJanuaryho1.hoCharliehopaidho$27,000hoinhoadvancehorent,hoofhowhichho$3,000howasho forhothehopurchasehoofhothehoexistingholease.hoThehoremaininghowashoforhomonthlyholease hopayments.hoHowhomuchhocanhoCharliehodeducthoforho2016? A.ho$6, B.ho$ C.ho$3, D.ho$9,000ho-hoans--✔✔A Rudy,hoahoplumber,hopaidhothehofollowinghotaxes:ho$800hoonhothehopurchasehoofhoahonewh otruck,ho$1,500hoforhothehocurrenthoyear'shopropertyhotax,ho$150hosaleshotaxhoonhomiscella neoushoofficehosupplies,ho$600hosaleshotaxhoonhomerchandisehohehopurchasedhoforhoresa le.hoHowhomuchhocanhohehodeducthoashoahocurrenthobusinesshoexpensehoforhotaxhopurpos es? A.ho$ B.ho$1, C.ho$2, D.ho$3,050ho-hoans--✔✔Bho-hosaleshotaxhoandhopropertyhotax Duringho2016,hoMs.hoSmithhohadhothehofollowinghoexpenditureshorelatinghotohocommercial horealhoestatehoshehoowns: Countyhopropertyhotax,ho$1, Statehopropertyhotax,ho$
