Question
Need some help with this assignment please. I did the other 2 sections fine but this one i am having some issues with. We have
Need some help with this assignment please. I did the other 2 sections fine but this one i am having some issues with. We have a scenario where a client has emailed us. In the email response back to the client we have to do the following.
1. ID what additional documents the client needs to provide in order to do their taxes
2. ID applicable deductions and credits available for clients
3. differentiate typed of income and expenditures.
MY ISSUE IS I AM JUST STARTING OUT IN THE TAXATION CLASS AND FOR THIS PORTION I AM NOT QUITE SURE WHAT THEY NEED EVEN WITH REREADING MY MATERIAL. I NEED HELP AND GUIDANCE PLEASE!
The email that we are responding to is as follows...
From: Freida C. Butler
To: Jane Doe, Accountant
Cc: Daniel B. Butler
Date: January 20, 2016
My name is Freida C. Butler, and my husband and I were referred to you by our good friend
Jackie Lynn. We would like for you to prepare our tax return this year. My husband works for
WJJJ, Inc. and I work at a real estate company, Corbin Realty. I am not considered a
subcontractor for them. Many of my friends are contractors for them and receive a 1099, but I do
not. I believe I receive a W2does that sound like the right form?
We have three children who live with us. They were each in school at some point this past year.
So you need to know which of them were enrolled in school last year or for how long? Will I get
any tax breaks for them being in school?
We also had income from some investments. We received interest and dividends from a few
places. Can you tell me if those are reported on a 1099 form? If so, I may have to request this
from my bank.
We own our home and paid the typical homeowners expenses. What expenses will you need
from us relating to our home?
Are there any other questions you have for us, such as other deductions we can take?
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