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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 1
With Emphasis on Schedule C
Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898.
Shelly had the following itemized deductions:
Shelly also started her own home design consulting business in March 2010. The results of her business operations for 2010 follow:
Shelly made a $26,000 estimated tax payment on September 15, 2010.
Required:
Prepare Shelly's Form 1040 for 2009 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 expense is elected on all eligible assets in 2009. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. We have provided filled-in source documents on our Web site at www.mhhe.com/cruz2011. For any missing information, make reasonable assumptions.
Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898.
Shelly had the following itemized deductions:
Shelly also started her own home design consulting business in March 2010. The results of her business operations for 2010 follow:
Shelly made a $26,000 estimated tax payment on September 15, 2010.
Required:
Prepare Shelly's Form 1040 for 2009 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 expense is elected on all eligible assets in 2009. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. We have provided filled-in source documents on our Web site at www.mhhe.com/cruz2011. For any missing information, make reasonable assumptions.
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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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