Chat with us, powered by LiveChat Imagine that you are preparing taxes for a local t - Aqhomework

## 12 Nov Imagine that you are preparing taxes for a local t

Imagine that you are preparing taxes for a local tax service provider. A married couple named Judy and Walter Townson have come to you to seeking assistance with their federal income taxes. During your meeting with the Townsons, you gather the following information:They are both 55 years of age.They have two daughters and one son. One daughter (age 25) is married with children. One daughter (age 20) is living at home and attending college. Their son (age 16) is a junior in high school.They are currently paying for their college-student daughter to attend school full time.Judy is employed as a teacher and makes \$60,000 a year. She used \$500 of her personal funds to purchase books and other supplies for her classroom.Walter is employed as a CPA and makes \$100,000 a year.They provided you a 1099-INT which reported \$4,500 in interest, of which \$500 was savings bond interest.They provided you a 1099-DIV which reported \$300 in dividends.They received a state tax refund last year of \$385.They provided you a list of expenses including:Doctor’s bills, \$800Prescriptions, \$400New glasses, \$2,000Dental bills, \$560Braces, \$5,000Property taxes for their two cars of \$800, which included \$50 in decal feesReal estate taxes of \$4,500Mortgage interest of \$12,000Gifts to charities, \$1,000GoFundMe contribution to local family in need, \$100Tax preparation fees for last year’s taxes, \$400Consider the most beneficial way for Judy and Walter to file their federal income tax return. Prepare a brief written summary that addresses the following:Estimated taxable income for Judy and Walter (please show computations).Summary of tax return, including any suggestions or tax planning considerations.Explain how you determined the filing status, dependents, and use of standard/itemized deduction.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Do you need help with this question?

Get assignment help from Aqhomework.com Paper Writing Website and forget about your problems.

Aqhomework provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Click Order now to access our order form, fill your paper details correctly, select your paper deadline and wait for our writers to send a perfectly written assignment.

Chat with us today! We are always waiting to answer all your questions.