Chapter $4-$ E$-$mail to Client

You are working with a client, Donna, who has come to you letting you know she has no income tax

problems for the year, but she wants to run her situations by you, just in case there might be some

unexpected tax liability. In the current year, she has the following information to share with you:

Donna's is a $75\%$ partner in AMT S$-$Corp which earned a total of $$350,000,$ and she withdrew

$$10,000$ each month $($ $$120,000$ total$)$ from her capital account.

Donna had $$75,000$ in social security wages on her $W-2$ and $$95,000$ in federal wages. She plans

to report the sum of $$160,000$ on her return.

Donna earned interest on her City of Milwaukee bonds in the amount of $$10,000.$

Donna and her husband lived together in California until September, when he abandoned her.

Donna has heard through the grapevine that her husband has substantial gambling winnings

since she last saw him.

Donna found $$65,000$ on a city bus, no one around her asked about it$,$ so she kept the envelope.

Donna has gotten really into Bitcoin and NFTs after talking to her niece. She sold an NFT she

purchased for $$2,000$ for $$5,000$ this year.

Donna loves golf and is a bartender at the country club in her free time. She makes $$25,000$ per

year in wages, and an additional $$30,000$ in cash tips.

Donna babysits her granddaughter in her free time. Her daughter pays her $$500$ per week which

Donna uses to buy clothes and toys for her daughter to play with.

Please review the e$-$mail the staff person drafted and correct any

errors $($in response or grammar$)$ and draft a revised e$-$mail from your firm to Donna.