Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

H&r block presidential election campaign fund

02/12/2021 Client: muhammad11 Deadline: 2 Day

Tax Return Problem

Robert A. Kliesh, age 41, is single and has no dependents. Robert's Social Security number is 111-11-1112. His address is 201 Front Street, Missoula, MT 59812. He does not contribute to the Presidential Election Campaign fund through the Form 1040.

Robert is independently wealthy as a result of having inherited sizable holdings in real estate and corporate stocks and bonds.

Robert is a minister at First Presbyterian Church, but he accepts no salary from the church. However, he does reside in the church's parsonage free of charge. The fair rental value of the parsonage is $3,000 a month. The church also provides him with a cash grocery allowance of $200 a week.

Examination of Robert's financial records provides the following information.

1. On January 16, 2016, Robert sold 1,000 shares of stock for a loss of $12,000. The stock was acquired 14 months ago for $17,000 and sold for $5,000. On February 15, 2016, he sold 400 shares of stock for a gain of $13,100. That stock was acquired in 2009 for $6,000 and sold for $19,100.

2. He received $30,000 of interest on private activity bonds that he had purchased in 2013, as part of the original issuance. He also received $40,000 of interest on tax-exempt bonds that are not private activity bonds.

3. Robert received gross rent income of $190,000 from an apartment complex he owns. He qualifies as an active participant in the activity.

4. Expenses related to the apartment complex, which he acquired in 2008, were $225,000.

5. Robert's interest income (on CDs) totaled $23,000. Robert invests only in growth stocks, so he earns no dividend income.

6. He won $60,000 in the Montana lottery.

7. Robert was the beneficiary of an $800,000 life insurance policy on the life of his Uncle Jake. He received the proceeds in October.

8. He contributed $5,500 to his traditional IRA.

9. Robert reported the following potential itemized deductions.

· $5,200 fair market value of stock contributed to First Presbyterian (basis $3,000). He had owned the stock for two years.

· $4,200 interest on consumer purchases.

· $3,900 state and local income tax.

· $15,000 of medical expenses that he paid on behalf of a parishioner who died.

· $300 for a safe deposit box that is used to store investments and related legal documents.

· $750 contribution to the campaign of a candidate for governor.

· $5,000 paid for lottery tickets associated with playing the state lottery. Robert contributed $5,000 of his net winnings to the church.

· Robert lives in Montana, so he paid no sales tax.

10. Robert made $7,500 of estimated Federal income tax payments for the year.

11. Robert was covered by health insurance for the entire tax year.

1/Use Forms 1040 and 6251 and Schedules A, B, D, and E to compute Robert Kliesh's 2016 Federal income tax liability (including AMT, if any). Also include Forms 8283, 8582, and 8949 (if applicable). Suggested software: H&R BLOCK Tax Software. 2/Also attach explanations of all the items in this problem. The explanations should be detailed and include why each item is taxable, non taxable, deductible or not deductible. Site code sections or an alternative as appropriate. Without explanations the assignment will be reduced by 25 points. 3/Lastly, compute the tax liability with explanations under Tax Reform assuming the return is filed for the 2018 tax year (use excel or an alternative spreadsheet software).

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Fatimah Syeda
Premium Solutions
Top Rated Expert
Write My Coursework
Instant Assignment Writer
Top Grade Tutor
Writer Writer Name Offer Chat
Fatimah Syeda

ONLINE

Fatimah Syeda

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$20 Chat With Writer
Premium Solutions

ONLINE

Premium Solutions

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$41 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$16 Chat With Writer
Write My Coursework

ONLINE

Write My Coursework

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$41 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$31 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$39 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Red dragon fortune cookies - HS 2305 Legal and Ethical Issues In Human Service - Ez pleeze task 3 executive summary - December 2016 and january 2017 calendar - Www coolgeography co uk - My Last Duches - Magnesium reacts with silver nitrate solution - Linear vs semi log graph - Organizational communication approaches and processes 6th edition pdf - Drawing a piece in ( AutoCad or NX solidworks) - Interrelationships Reflection - Unilever brazil case study - Easa certification review item - Internal review infringement letter samples - Economic value added advantages and disadvantages ppt - Macbeth act 3 scene 5 summary - Market share analysis company net applications monitors - Tim hawkins led zeppelin worship - Definition of subsurface mining - Slavin & schunk learning theories educ 500 - Hw - The conspirator movie worksheet answers - Accountant emoji - Annotated bibliography - The world's a stage - Https www youtube com watch v 4voubvb4ctu - Fdi in retail sector ppt - What is the density of 53.4 wt aqueous naoh - Arrange the following fatty acids - Classroom Management - Call ashford university - 15:00 in 12 hour time - Https www pennfoster edu login - Mcgraw hill marketing simulation answers - Psychology - Assiatance - Merbein common boat ramp - Consumer health barrett 9th edition - Sodium borohydride reduction of 9 fluorenone lab - Gmp theory - Chapter questions BUSINESS ADMINISTRATION - NEC : 2 - The silencing of mary dyer questions and answers - Foul disgusting crossword clue - Wk 4 - Emerging Trends in Educational Technology - Algebra for year 7 - Student Impact Scholarship ESSAY - Bupa preferred provider application - Great gatsby chapter 9 summary - Dna replication worksheet true or false answers - Is happy a verb - Which of the following statements is not true concerning field research? - Er diagram for marketing company - How to write a field report for geography - What is the dink method - HRM discussion, sources provided THREE QUESTIONS APA - Clinical Supervision - How to work out the magnification of a microscope - Operations management simulation balancing process capacity challenge 2 - Dramatic techniques in hamlet - City of joondalup security patrol - Nr 603 apea predictor exam - How to win practice marketing game - Islington council home connections bidding - Tiny bubbles coin laundry inc roseville mi - Phap hoa temple adelaide - Weight of an object on earth - Pillow method is designed to - Certificate 3 in laboratory skills - Simplicity by william zinsser questions and answers - Purple wifi supported hardware - Bmw valvetronic power supply - Microsoft publisher mouse jumping - Pearsall v alexander - Disposal of human waste in middle ages - Causes of conflict between nurses - Assignment - It workshop lab manual - Chay - Main - Dis 7 - 2 - Of mice and men narrator - Nike direct and indirect competitors - Journal 1 - John deere ac refrigerant capacities - The case for the contingent exclusionary rule - Graphpad prism 5 serial number - Blood safe e learning - Describe the major regulations governing hrm practices - What does fed oasdi ee mean - Fitness fanatics is a regional chain of health clubs - Graham cooke god loves you outrageously - Module project assessment world history - Tech talk case study solution - Houston north hospital is trying to improve - Current facility assignment p2 parole denver west metro region - Hydrogenation of oleic acid to stearic acid - Dont turn your back on me i wont be ignored - Free cash flow stock valuation - Poli 30d - 8b 8 4b 3 - Rigid chain vise parts