Question
Kindly fill out USA 2020 tax forms 1040, schedule A, B, C, D, SE, and which are required, please. I am giving you data that
Kindly fill out USA 2020 tax forms 1040, schedule A, B, C, D, SE, and which are required, please. I am giving you data that is from course TAXATION-650.
Bob has offered this info as possible deductions:
Mortgage Interest: $19,250
Charitable Contributions: $22,500
Medical Expenses
o Cosmetic nose job: $3,000
o Prescriptions: $1,710
o Over-the-counter medicines: $285
o Health insurance premiums: $5,800
o Doctor visits: $1,140
o Medical miles: 499
Real Estate Property Taxes: $8,000
Personal Property Taxes: $3,000
Credit Card Interest for Home Improvements: $1,800
Personal Legal Expenses: $5,000
Contribution to Major Political Party: $2,000
Miscellaneous Deductions o Tax preparation feed (personal return): $500 o Investment expenses: $3,100 You will recommend that Bob either takes a salary of $100,000 or a cash distribution of $180,000. Assume no federal income taxes will be withheld. The $300,000 net income already accounts for the salary expense Bob receives and the cash distribution, where applicable. Additional Data
Business Tax ID #: 41-0000000
Business Name: Bob Jones Automotive Gallery
Land Purchased: January 2, 1996
Sale Date: September 15, 2018
Personal Tax ID #: 500-00-1004
Personal Address:
o 1234 Easy Street Pensacola, FL 32581 Phone: 850-123-4567
You have to prepare the 4-5 tax forms and these forms are available on IRS website. its not accounting its Taxation kindly send correct forms, need it
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