The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1 and 2.

On September 1, Irene opened a retail store that specializes in sports car accessories. The name of the store is "Plus Two Cones." The store is located at 617 Main Street, Spokane, WA. The store uses the cash method of accounting. Her income and expenses for the year are as follows:

Sales of merchandise................................................................$62,300

Inventory, September 1 (purchased in August)...................................62,500

Inventory, December 31.............................................................58,700

Purchases during the year............................................................35,300

Sales returns and allowances............................................................525

Store rental..............................................................................7,500

Office expense..........................................................................1,400

Insurance.................................................................................1,000

Advertising..............................................................................3,000

Employee wages........................................................................3,350

Payroll and other business taxes........................................................505

Interest on bank loan to open store..................................................2,740

Accounting fees..........................................................................300

Utilities.................................................................................1,000

Telephone.................................................................................800

Maintenance..............................................................................480

Miscellaneous............................................................................175

In addition to the above items, Irene incurred travel expenses to attend a seminar on sports car accessories. She spent $300 on airfare, $400 on lodging, $100 on a rental car, and $150 on meals. Irene has proper receipts for these amounts.

Irene drove her 2004 Ford Explorer 1,446 miles for business related to Plus Two Cones. The Explorer was driven a total of 17,000 miles for the year. Included in the total 17,000 miles is 5,000 miles spent commuting to the store. Irene has the required substantiation for this business mileage. She uses the standard mileage method.

In July, Ivan loaned a friend $7,000 so he could buy a car. Ivan's friend lost his job in 2013 and stopped making payments on the loan. He plans to start making payments again, however, with additional interest as soon as he has new employment.

Required:

Combine this new information about the Incisor family with the information from Chapters 1 and 2 and complete a revised 2013 tax return for Ivan and Irene. Be sure to save your data input files since this case will be expanded with more tax information in later chapters.