Question: Part 1 Tax Computation Compute Beth Jordan s 2 0 2 3 Federal income tax payable ( or refund due ) , and complete her
Part Tax Computation
Compute Beth Jordans Federal income tax payable or refund due and complete her tax return using appropriate forms and schedules. Suggested software: ProConnect Tax.
Part Tax Planning
Beth is anticipating significant changes in her life in and she has asked you to estimate her taxable income and tax liability for
Beth just received word that she has been qualified to adopt a twoyearold daughter. Beth expects that the adoption will be finalized in and that she will incur approximately $ of adoption expenses. In addition, she expects to incur approximately $ of child and dependent care expenses relating to the care of her new daughter, which will enable her to keep her job at Mesa Manufacturing Company. However, with the additional demands on her time because of her daughter, she has decided to discontinue her two parttime jobs ie the parttime tax practice and her software business and she will cease making estimated income tax payments.
In your computations, assume that all other income and expenses will be the same as amounts.
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