Assignment:
Income tax return project (additional information)
Q1: How did he determine that the fair value of the clothes he donated?
He saw how much others have sold them and thought it was the fair value.
Q2: Did he do the gardening himself?
He paid the bills but he didn't mow the lawn himself.
Q3: Why didn't the company pay for his license renewing fee?
Coz he thinks it's important on individual basis.
Q4: Does he drive to work?
No
Q5: When did he donate the clothes?
On July 1st.
Q6: What was the indication on 1099b these stocks are covered or non-covered?
On 1099b it said it's all covered.
Q7: Ex's wife's SSN: all threes
Q8: Kids all live with them. Sean and Alaina.
Q9: Kids do not have income.
Q10: Willing to donate to presidential campaign? No
Q11: His son was born in 1993. Sean studied in a university and Tyson paid for him.
Q12: Routing number for chase for checking account 322241591
Bank account number: 1517382
Q13: Tyson's personal account balance $2533. his wife's $41253 (secondary income)
Q14: Traditional IRA
Q15: tuition $11500 every year for Sean
books he paid for $1070 per year for Sean (required for the course)
Q16: Does he have a financial interest in a foreign account? No, he doesn't have any foreign accounts and foreign money
Q18: No kids from prior marriage
Q19: Alaina, his daughter, Tyson doesn't paid for anything now.
Q20: related dependence? He doesn't have to support his parents.
Q21: The company pays all of his family members' health insurance.
Q22: No investments for kids for example, trust but give them 10 dollars a week for allowance each kid.
Q23: Did he file out and sent anybody his 1099 for rental activity? No. He didn't file anything for rent.
Q24: Only one income the couple have one job each.
Q25: Travel expenses is there any food OR entertaining expense included for his wife? No.
1. He has1099b.
2. If he has a tax refund, he would like to have it in cash.
3. He doesn't participate in his company's retirement plan.
4. Is his wife covered by retirement work plan? Yes, she is covered by a retirement plan.
5. How many fair rental day was offered? 365 days
6. 670 dollars for maintenance for rental property and the remainders was repairs.
7. Two donations are tax-exempt
8. Did he receive the Acknowledgment from the two churches he contributed to? Yes.
9. 12/1 the date he contributed to the Goleta church and sb church
10. 8/1 he went to the dance
11. January 1991 he acquired the clothes that he donated to the salvation navy.
12. 2000 for Kesha's doctor bills, 2550 for Sean fell and hit his head for medical bill, 4380 were for the entire family medical coverage
13. 7/1 he donated to salvation navy
14. The Goleta police thing dinner dance thing was at 444 CalleReal, Goleta CA 93117
15. No carry forwards for anything. No prior passes.
16. Have you applied Sean's forth year in college. He has been taking American opportunity credit for three years.
17. Sean did not take out a student loan.
18. He paid Sean's tuition from Kesha's chase account. They deposited their check into that account and paid the tuition from that account. it is a Joint savings account
19. In 2011, he got a refund of 700 dollars.
20. He got a form of 1098 something to report Sean's tuition.
21. Daytime phone no. 8057298044
22. Receive any benefits from any charities? He only got a dinner and a dance from it.