Bart and Susan Forrest are married and have no dependents. They have asked you to advise them

Question:

Bart and Susan Forrest are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2017.They present you with the following information:
Bart Susan Joint $38,000 Salary $110,000 Business net income $2,200 Interest income 400 1,200 Deductions for AGI 2,400 1

If they file separately, Bart and Susan will split the real estate tax and mortgage interest deductions equally.
A. Write Bart and Elizabeth a letter in which you make and explain a recommendation on filing status for 2017. Bart and Elizabeth reside at 2003 highland drive Durham NC 27707
B. Complete Brats Schedule A for 2017 (use the most current version of schedule A Available). For the Purpose Assume that Bart and Elizabeth file separate returns Bart Social Security Number is 123-45-6789

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

South Western Federal Taxation Individual Income Taxes 2018

ISBN: 9781337385893

41st Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

Question Posted: