Question: Bart and Susan Forrest, both age 47, are married and have no dependents. They have asked you to advise them whether they should file jointly

Bart and Susan 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 2014. They present you with the following information:

If they file separately, Bart and Susan will split the real estate tax and mortgage interest deductions equally. Write Bart and Susan a letter in which you make and explain a recommendation on filing status for 2014. Bart and Susan reside at 2003 Highland Drive, Durham, NC 27707.

Bart Susan Joint Salary Business net income Interest income Deductions for AGI Medical expenses State income tax Real estate tax Mortgage interest Unreimbursed employee expenses $38,000 110,000 1,200 14,000 3,358 1,800 $2,200 400 2,400 10,427 800 3,800 4,200 1,200

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Hoffman Maloney Raabe Young CPAs 5191 Natorp Boulevard Mason OH 45040 January 21 2015 Mr and Mrs Bart Forrest 2003 Highland Drive Durham NC 27707 Dear ... View full answer

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