Harry Roby, age 35, is single and has no dependents. He is employed as an office manager by Jacks Cleaning, Inc. He owns and operates Harry Tax located near the campus of the University of Anywhere at 1977 Buffalo Drive Harry is a material participant in the business. He is a cash basis taxpayer. Harry lives at 1515 Pine Haven Drive Anywhere, Missisippi. Harry's Socia Security number is 123 45-6789. Harry indicates that he wants to designat $3 to the Presidential Election Campaign Fund. During 201b Harry had the following income and expense items a. b. c. d. e. f. g. h. $100,000 salary from Jacks Cleaning, Inc. $20,000 gross receipts from his tax services business. $700 interest income from Bobble National Bank $1,000 year-end bonus from Jacks Cleaning, Inc. $60,000 life insurance proceeds from the death of his mother. $5,000 check given to him by his Grandmother $100 won in an office raffle Expenses connected with the tax service $7,000 4,400 i. Office rent i. Supplies ii. Utilities & phone 4,680 iv. Wages v. Payroll taxes vi. Equipment Rentals 3,000 5,000 500 $9,500 interest expense on a home mortgage (paid to Sparkle Savings and loan) $15,000 fair market value of silverware stolen from his home by a burglar on October 12, 2016. Harry had paid $14,000 for the silverware on July 1, 2011. He was reimbursed $1,500 by his insurance company Harry had loaned $2,100 to a friend. Jimmy Jones on June 3, 20 14, 2016, and was unable to repay the loan. Assume the loan is a bona fide debt. i. 13. jimmy declared bankruptcy on August k. c., withheld Federal income tax of $16,000 and the appropriate amount of FICA tax from his wages. m. Alimony of $10,000 received from his former wife, Mary Roby. n. Interest income of $800 on City of Anywhere Bonds. o. Harry made estimated Federal tax payments of $1,000. p. Sales taxes from the sale tax table of $946 q. Property tax on his residence $1,100 r. Charitable Contributions of $2,500 s. In November 2016, Harry was involved in an automobile acident. At the time of the accident, Harry's automobile had a FMV of $45,000. After the accident, the automobile's FMV was $38,000. Harry's basis in the car was $52,000. Harry's car was covered by insurance, but because the policy had a $5,000 deductible, Harry decided not to file a claim for the damage pute Harry Roby's 2010 Federal income tax payable (or refund due). I suggest you use the 2013, H & R Block are (CD) that is attached to your textbook. Forms covered are 1040, and 4684 and Schedules A, C Com and D Note: Save and print your tax return as a PDF Harry Roby, age 35, is single and has no dependents. He is employed as an office manager by Jacks Cleaning, Inc. He owns and operates Harry Tax located near the campus of the University of Anywhere at 1977 Buffalo Drive Harry is a material participant in the business. He is a cash basis taxpayer. Harry lives at 1515 Pine Haven Drive Anywhere, Missisippi. Harry's Socia Security number is 123 45-6789. Harry indicates that he wants to designat $3 to the Presidential Election Campaign Fund. During 201b Harry had the following income and expense items a. b. c. d. e. f. g. h. $100,000 salary from Jacks Cleaning, Inc. $20,000 gross receipts from his tax services business. $700 interest income from Bobble National Bank $1,000 year-end bonus from Jacks Cleaning, Inc. $60,000 life insurance proceeds from the death of his mother. $5,000 check given to him by his Grandmother $100 won in an office raffle Expenses connected with the tax service $7,000 4,400 i. Office rent i. Supplies ii. Utilities & phone 4,680 iv. Wages v. Payroll taxes vi. Equipment Rentals 3,000 5,000 500 $9,500 interest expense on a home mortgage (paid to Sparkle Savings and loan) $15,000 fair market value of silverware stolen from his home by a burglar on October 12, 2016. Harry had paid $14,000 for the silverware on July 1, 2011. He was reimbursed $1,500 by his insurance company Harry had loaned $2,100 to a friend. Jimmy Jones on June 3, 20 14, 2016, and was unable to repay the loan. Assume the loan is a bona fide debt. i. 13. jimmy declared bankruptcy on August k. c., withheld Federal income tax of $16,000 and the appropriate amount of FICA tax from his wages. m. Alimony of $10,000 received from his former wife, Mary Roby. n. Interest income of $800 on City of Anywhere Bonds. o. Harry made estimated Federal tax payments of $1,000. p. Sales taxes from the sale tax table of $946 q. Property tax on his residence $1,100 r. Charitable Contributions of $2,500 s. In November 2016, Harry was involved in an automobile acident. At the time of the accident, Harry's automobile had a FMV of $45,000. After the accident, the automobile's FMV was $38,000. Harry's basis in the car was $52,000. Harry's car was covered by insurance, but because the policy had a $5,000 deductible, Harry decided not to file a claim for the damage pute Harry Roby's 2010 Federal income tax payable (or refund due). I suggest you use the 2013, H & R Block are (CD) that is attached to your textbook. Forms covered are 1040, and 4684 and Schedules A, C Com and D Note: Save and print your tax return as a PDF