individual tax return problem

Project Description:


i'm looking for someone to complete a comprehensive problem regarding an individual tax return. your work should be submitted as a pdf file using the tax software of your choosing. or, you may choose to prepare the return by hand. in order to do this, you’ll need to copy the necessary forms and schedules. as you complete this task, pay special attention to accuracy and the potential impact of errors. any impact of an error will be taken into account for future return calculations. the problem is listed below. if you're qualified and able to complete the task within 4 to 5 days, please make an offer to be considered.

thanks for your time, and i look forward to hearing from you!
--samuel k.

individual tax return problem 3


• use the following information to complete rhonda hill’s 2011 federal
income tax return. if information is missing, use reasonable assumptions
to fill in the gaps.
• the forms, schedules, and instructions can be found at the irs
web site ( the instructions can be helpful in completing
the forms.


1. rhonda hill (unmarried) is employed as an office manager at the main office
of carter and associates cpa firm. rhonda lives in a home she purchased
20 years ago. rhonda’s older cousin mabel wright lives with rhonda in the
home. mabel is retired and receives $2,400 of social security payments each
year. mabel is able to save this money because rhonda provides all of mabel’s
support. rhonda also provided the following information:

• rhonda does not want to contribute to the presidential election campaign.
• rhonda lives at 1234 blue ridge way, tulsa, ok 74101.
• rhonda’s birthday is 12/18/1957 and her social security number is 335-67-8910.
• mabel’s birthday is 11/2/1944 and her social security number is 566-77-8899.
• rhonda does not have any foreign bank accounts or trusts.

2. rhonda received a form w-2 from carter and associates (her employer) that
contained the following information:

• line 1 wages, tips, other compensation: $72,000
• line 2 federal income tax withheld: 9,300
• line 3 social security wages: 72,000
• line 4 social security tax withheld: 3,024
• line 5 medicare wages and tips: 72,000
• line 6 medicare tax withheld: 1,044
• line 16 state wages, tips, etc.: 72,000
• line 17 state income tax: 2,700
• carter and associates address is 1234 cpa way
tulsa, ok 74101; its fein is 91:0001002; and its
state id number is 123456678

3. rhonda received $250 in interest from tulsa city bonds, $120 interest from
ibm bonds, and $15 from her savings account at ucu credit union. she also
received a $460 dividend from huggies company and $500 from bicker corporation. both dividends are qualified dividends.

4. rhonda sold 200 shares of dm stock for $18 a share on june 15, 2011. she
purchased the stock on december 12, 2006, for $10 a share. she also sold
50 shares of rsa stock for $15 a share on october 2, 2011. she purchased the
stock for $65 a share on february 2, 2011. stock basis amounts have been
reported to the irs.

5. the following is a record of the medical expense that rhonda paid for herself
during the year. the amounts reported are amounts she paid in excess of insurance reimbursements.

- insurance premiums $900
- prescription medications 100
- over-the-counter medications 250
- doctor and dentist visits 485
- eyeglasses 300
- physical therapy 200

6. rhonda paid $2,800 in mortgage interest during the year to ucu credit union.
she also paid $1,200 in real property taxes during the year.

7. rhonda contributed $2,350 to heavenly church during the year. heavenly
church’s address is 1342 religion way, tulsa, ok 74101.
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