Bart and Elizabeth Forrest, both age 47, are married and have no dependents. They have asked you

Question:

Bart and Elizabeth Forrest, both age 47, are married and have no dependents. They have asked you to advise them whether they should file jointly or separately in 2016. They present you with the following information:

If they file separately, Bart and Elizabeth will split the real estate tax and mortgage interest deductions equally. Write Bart and Elizabeth a letter in which you make and explain a recommendation on filing status for 2016. Bart and Elizabeth reside at 2003 Highland Drive, Durham, NC 27707.

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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

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

Question Posted: Feb 27, 2017 03:30 AM

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Bart and Elizabeth Forrest, both age 47, are married and have no dependents. They have asked you

Question:

Bart Elizabeth Joint Salary Business net income Interest income Deductions for AG Medical expenses State income tax Real estate tax Mortgage interest $38,000 $110,000 1,200 14,000 3,358 $2,200 400 2400 10427 800 3,800 4,200 1200

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Hoffman Maloney Raabe Young CPAs 5191 Natorp Boulevard Mason OH 45040 January 23 2017 Mr and Mrs Bart Forrest 2003 Highland Drive Durham NC 27707 Dear ...View the full answer

South Western Federal Taxation 2017 Comprehensive

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