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2013 Federal Income Tax Return

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by

Haley Weaver

on 29 October 2014

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Transcript of 2013 Federal Income Tax Return

Total Income
Will's Income
Mari's Income
Other Income
Exemptions
Dependency Exemptions
Emma J. Frost
Austin W. Frost

Deductions
For AGI Deductions
AGI
Itemized
The Frost's 2013 Federal Income Tax Return
Your Tax Consequences
Future Advice
Make higher estimated tax payments
Income
AGI
Itemized Deductions
Exemptions
Taxable Income
Tax Credits

Federal Tax Owed

$139,748
131,751
28,444
15,600
87,707
17,800

$322

Will's Income
Other Income
Wages
Interest from Loan to Sarah


$ 94,000
500
Interest

City of Sioux Falls Bond
General Motors Corporate Bonds
Castle Bank Certificate of Deposit

$ 1,400
1,900
210


Qualified Dividends from MG&E Inc.
$ 3,100
Capital Gains (Losses)
Net Long-Term Gain
Net Short-Term Loss
$ 9,000
(5,500)
Gambling Income
$ 1,200
Mari's Business Income
$ 94,500
35,338
9,910
139,748
Total Gross Income
Future Advice
Itemized Deductions
Future Advice
IRA Contribution
Self Employment Tax
For AGI Deductions
$ 5,500
2,497

State & Local Taxes
Real Estate Taxes
Home Mortgage Interest
Charitable Contributions
Unreimbursed Employee Expenses
Gambling Losses
Income
Consulting Fees
Expenses
Supplies
Taxes & Licenses
Other Expenses
Car Expense
Depr. Expense
Home Office Expense
$ 52,000
$ 8,800
400
490
531
800
5,641


Net Business Income
$ 35,338
Future Advice
Credits
Transfer funds in bank CD, to state or local municpal bond
Minimize capital gains
$ 3,200
4,200
3,500
1,200
17,779
1,200
$7,997
131,751
28,444
Make more charitable contributions
Gambling
Business gifts
Personal Exemptions
Will S. Frost
Mari N. Frost
$15,600
AGI less Itemized Deductions
Exemptions
Taxable Income
Taxable Income
$103,307
15,600
87,707
Emma should go to college


Income tax withheld from W2
Estimated tax payments


$13,800
4,000
Brad Cox, Justine Maxey, Ashley McManaway, Mitch Moore, & Haley Weaver
Other Taxes
Self-employment Tax
$4,993
Full transcript