Question

Tax Research and Procedure

1. In the movie "Pretty Woman" is Julia Roberts an employee or independent contractor? Discuss.

2. In the movie "The Blind Side" assume the Tuohy's did not become Michael's legal guardian. May they claim a child tax credit for Michael for the calendar year he first moves in with the family (2018) or the next year when he is recruited by the colleges (2019)? Why or why not?

3. In the movie "The Godfather" may Jack Woltz deduct the loss of his horse? Explain.

Answer 1

1.In movie pretty woman julia roberts is an independent contractor.She is not an employee as she is not governed by any employer employee relationship

2. In the movie "The Blind Side",If Tuohy's did not become Michael's legal guardian,Hecan only claim credit in the the next year when micheal movesin the college .so they can only claim credit in 2019 because he was not even the registered legal guardian

3. In the movie "The Godfather" Jack Woltz may deduct the loss of his horse because he was not owning horse for personal purposes . it was owned for business purposes.