Question
I am filling out a 1040 form based on the following scenario. PLEASE HELP! I have to fill out lines 7-11. I am pretty lost.
I am filling out a 1040 form based on the following scenario. PLEASE HELP! I have to fill out lines 7-11. I am pretty lost. Here is the scenario,
Jane Smith, age 40, is single and has no dependents. She is employed as a legal secretary by Law Partners, PLLC. She owns and operates a small business called Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive. Jane as the sole-proprietor is a material participant in the business. She is a cash basis taxpayer.
Jane lives at 2020 Oakcrest Road, Boca Raton, FL 33431. Jane
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