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Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ
Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice, Beth is single and has no dependents. Beth's birthday is July 4, 1972, and her Social Security number is 123-45-6789. She wants to con tribute $3 to the Presidential Election Campaign Fund. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2013. During 2013, Beth received interest of $1, 300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099-DIV. Beth received a $1, 100 income tax refund from the Arizona on April 29, 2013. On her 2012 Federal income tax return, she reported total itemized deductions of $8, 200, which included $2, 200 of state income tax withheld by her employer. Fees earned from her part-time tax practice in 2013 totaled $3, 800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2013, Beth bought 500 shares of Gray Corporation common stock for $17.60 a share. On September 12, 2013, she sold the stock for $14 a share. Beth bought a used sports utility vehicle for $6,000 on June 5, 2013. She purchased the vehicle from her brother-in-law, who was unemployed and was in need of cash. On November 2, 2013, she sold the vehicle to a friend for $6, 500. On January 2, 2013, she acquired 100 shares of Blue Corporation common stock for $30 a share. She sold the stock on December 19, 2013, for $55 a share. During 2013, Beth received royalties of $16,000 on a software program she had written She incurred the following expenditures in connection with her software-writing activities: Beth elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of $179. These items were placed in service on January 15, 2013, and used 100% in her business. Although her employer suggested that Beth attend a convention on current developments in corporate taxation, she was not reimbursed for the travel expenses of $1, 420 she incurred in attending the convention. The $1, 420 included $200 for the cost of meals. During 2013, Beth paid $300 for prescription medicines and $2, 875 for doctor bills and hospital bills. Medical insurance premiums were paid for her by her employer. Beth paid real property taxes of $1, 766 on her home. Interest on her home mortgage was $3, 845, and interest to credit card companies was $320. She contributed $30 each week to her church and $10 each week to the United Way. Professional dues and subscriptions totaled $350. Beth maintained her sales tax receipts. The total is $1, 954. Beth paid estimated Federal income taxes of $1,000. Tax Computation Compute the net tax payable or refund due for Beth R. Jordan for 2013. if you use tax forms for you solution, you will need Forms 1040, 2106-EZ, and 4562 and Schedules A, B, C, D, and SE. Suggested software: H&R BLOCK Tax Software
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