Axl Heck, age 54, is single and his social security number is 123-45-6789. He opened a financial consulting business in February of 2016. He rented office space initially, but then purchased an office building for the business at 1602 State Street, Detroit, MI 48603. The business is called Heck Financial Consulting (federal identification #38-5252525). Axl is a cash basis taxpayer. He lives at 7400 Mackinaw St., Detroit, MI 48602. Axl wants to contribute to the Presidential Election Campaign Fund.

The following individuals live with Axl and he provides more than half of their support:

	Social Security Number	Birth Date
Frank Heck (Axls son)	123-45-6787	08/30/2000
John Doyle (Axls cousin)	123-45-6780	01/13/1992

Frank does clerical work for his fathers business and has income of $5,000. John works part-time at McDonalds and has income of $11,000.

During 2016, Axl had the following income and expenses connected with his business:

Income from consulting services	$95,000
Property taxes paid	8,000
Rent paid	12,000
Utilities	7,400
Supplies	1,700
Wages paid to Frank	5,000
Travel (including meals of $800)	2,200
Advertising	4,000

Axl purchased and placed in service the following fixed assets for his business:

Furniture & fixtures (new) costing $21,000 on February 15, 2016

Computer equipment (new) costing $5,000 on February 10, 2016

Furniture & fixtures (used) costing $2,000 on November 1, 2016

Office building costing $200,000 on October 3, 2016

Axl has decided not to elect the immediate expensing under 179 but will take the additional first-year bonus depreciation where available.

In addition to self-employed health insurance premiums of $6,000, Axl had the following expenditures in 2016:

State income tax paid	$3,000
Home mortgage interest paid to First Bank	6,000
Property taxes on home	1,500
Charitable contributions	2,000
Medical expenses for Frank	2,000
Medical expenses for John	5,000
Medical expenses for Axl	6,000

Additional information: Axl -

Did not keep a record of the sales tax he paid. The amount from the sales tax table is $500.

Had interest income of $10,000 from certificates of deposit at First Bank and $3,500 from State of Michigan bonds.

Received a Michigan Lottery Scratch-off ticket for Christmas and won $20,000.

He made federal estimated payments of $5,200 for 2016.

Complete Axls 2016 Federal income tax return and necessary schedules using the fillable forms. You will need Forms 1040 and 4562 and Schedules A, B, C & SE.