H & R Block
I accept H & R Block Assignment.
Tax Return Problem – Decision Making – Communications Jane Smith, age 40, is distinct and has no dependents. She is active as a acknowledged secretary by Acknowledged Services, Inc. She owns and operates Accounting Casework amid abreast the campus of Florida Atlantic University at 1986 Campus Drive. Jane is a actual actor in the business. She is a banknote base taxpayer. Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane's Social Security cardinal is 123-45-6789. Jane indicates that she wants to baptize $3 to the Presidential Election Campaign Fund. Jane had bloom allowance for all months of 2016. During 2016, Jane had the afterward assets and bulk items:
$100,000 bacon from Acknowledged Services, Inc.
$20,000 gross receipts from her accounting casework business.
$700 absorption assets from Third National Bank.
$1,000 Christmas benefit from Acknowledged Services, Inc.
$60,000 activity allowance gain on the afterlife of her sister.
$5,000 analysis accustomed to her by her affluent aunt.
$100 won in a bingo game.
Expenses affiliated with the accounting service:
Office hire $7,000 Supplies 4,400 Utilities and blast 4,680 Wages to part-time typists 5,000 Payroll taxes 500 Equipment rentals 3,000
$9,500 absorption bulk on a home mortgage (paid to San Jose Savings and Loan).
$15,000 fair bazaar bulk of apparatus baseborn from her home by a burglar on October 12, 2016. Jane had paid $14,000 for the apparatus on July 1, 2007. She was reimbursed $1,500 by her allowance company.
Jane had loaned $2,100 to a friend, Joan Jensen, on June 3, 2013. Joan declared defalcation on August 14, 2016, and was clumsy to accord the loan. Assume that the accommodation is a bona fide debt.
Legal Services, Inc., withheld Federal assets tax of $16,000 and the adapted bulk of FICA tax from her wages.
Alimony of $10,000 accustomed from her above husband, Ted Smith.
Interest assets of $800 on City of Boca Raton bonds.
Jane fabricated estimated Federal tax payments of $1,000.
Sales taxes from the sales tax table of $946.
Property taxes on her abode of $1,100.
Charitable addition of $2,500 to her alma mater, Citrus State College.
On November 1, 2016, Jane was complex in an auto accident. At the time of the accident, Jane's auto had an FMV of $45,000. After the accident, the automobile's FMV was $38,000. Jane acquired the car on May 2, 2015 at a amount of $52,000. Jane's car was covered by insurance, but because the action had a $5,000 answer clause, Jane absitively not to book a affirmation for the damage.
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