USE THIS INFORMATION AND IMPLEMENT IT ONA FORM 104 TAX YEAR 2017 FORM

THOMAS AND VANESSA KILEY ARE MARRIED. THEY ALWAYS FILE A JOINT TAX RETURN. THEY HAVE ONE SON, RYAN, AGE 14. RYAN IS A DEPENDENT AND SO IS TOM'S ELDERLY MOTHER, ANN KILEY. TOM IS AN ACCOUNTANT AND VANESSA IS SELFEMPLOYED. SHE PROVIDES DATA PROCESSING SERVICES FOR PHYSICIAN CLIENTS. TOM IS 39, VANESSA IS 41, AND ANN IS 66.

THEIR ADDRESS IS 982 WILLIS AVENUE PAWTUCKET, RI 02860.

THOMAS 035-22-6363 RYAN 358-66-1970

VANESSA 037-40-1040 ANN 040-23-7450

INCOME:

THOMAS' SALARY:

TAXABLE WAGES 81,000

FEDERAL INCOME TAX WITHHELD 6,800

STATE INCOME TAX WITHHELD 2,800

VANESSA RECEIVED LIFE INSURANCE PROCEEDS FROM HER DECEASED BROTHER. 50,000

CAPITAL GAIN DISTRIBUTIONS FROM VANGUARD FUNDS. 7,600

INTEREST INCOME FROM WEBSTER BANK. 850

INTEREST INCOME FROM MUNICIPAL BONDS. 2,100

DIVIDEND INCOME E*TRADE FUNDS. THE PORTION OF QUALIFIED DIVIDENDS IS 1,800

$1,200.

GROSS RECEIPTS FROM VANESSAS DATA PROCESSING BUSINESS. SHE USES THE CASH BASIS. THE BUSINESS BEGAN 1/1/2011. 19,500

VANESSA RECEIVES ALIMONY FROM HER EX-HUSBAND. 6,000

DEDUCTIONS:

THESE ARE VANESSAS DATA PROCESSING BUSINESS EXPNSES 800

PENALTIES PAID TO THE STATE BUSINESS REGULATION DEPARTMENT 1,200

BUSINESS INSURANCE 1,100

OFFICE SUPPLIES 750

TELEPHONE EQUIPMENT RENTAL 1,500

INTERNET 900

BUSINESS LICENSE 600

INTEREST EXPENSE PAID ON THE BUSINESS CREDIT CARD 440

VANESSA USES HER CAR FOR BUSINESS PURPOSES. HER TOTAL MILES FOR THE YEAR IS 8,500 AND THE BUSINESS MILES IS 1,495. SHE USES THE STANDARD MILEAGE METHOD.

VANESSA USES ONE ROOM OF HER HOME AS A HOME OFFICE TO PERFORM THE DATA ENTRY. THE TOTAL SQUARE FOOTAGE OF THE HOME IS 2,400. THE BUSINESS AREA IS 200 SQUARE FEET. SHE USES THE SIMPLIFIED METHOD.

THOMAS PAID STUDENT LOAN INTEREST.

ITEMIZED DEDUCTIONS:

REAL ESTATE TAXES 3,700

AUTOMIBILE TAXES 300

HOME MORTGAGE INTEREST ON $425,000 MORTGAGE 10,500

CASH CHARITABLE CONTRIBUTIONS 5,200

THOMAS UNREIMBURSED EMPLOYEE EXPENSES 1,200

TAX PREPERATION FEES 300

OUT-OF-POCKET MEDICAL EXPENSES PAID 2,400

STATE INCOME TAX BALANCE DUE FOR 2016 PAID IN 2017 600

VANESSA CONTRIBUTED TO A ROTH IRA. 4,000

VANESSA MADE FOUR QUARTERLY ESTIMATED TAX PAYMENTS OF $250. 1,000

FOREIGN TAXES PAID ON THE E*TRADE MUTUAL FUNDS. THE KILEYS ALWAYS TAKE THEM AS A TAX CREDIT. 200

OTHER INFORMATION:

THE FAMILY WAS COVERED BY HEALTH INSURANCE ALL YEAR. THOMAS EMPLOYER PAYS THE HEALTH INSURANCE PREMIUMS FOR THE FAMILY. ANN IS COVERED BY MEDICARE INSURANCE.

THE KILEYS WANT THEIR TAX REFUND, IF ANY, TO BE DEPOSITED DIRECTLY INTO THEIR CHEICKING ACCOUNT. THE ROUTING NUMBER IS 011500120 AND THE ACCOUNT NUMBER IS 000654550.