Prepare the tax return for bryan connel

Assignment Help Taxation
Reference no: EM131037039

Use the information to prepare the tax return for Bryan Connel.

Use Form 1040, schedule B, Form 3903, and Form 8863. this problem is suitable for manual preparation or computer software application.

Bryan Connel (SSN 573-99-5878) works as a manager for an oil company. In october 2014, he was relocated by his employer from Houston, Texas to Wichita Falls, Kansas. His moving costs include $ 230 for an airline ticket and $ 5,300 that he paid to a local moving company.

His employer reimbursed him $ 3,000 for moving. This amount was not included in his W-2 wages. His taxable wages for 2014 were $ 132,900, from which his employer withheld $ 9,450 and $1,900, respectively for federal and state income taxes. During 2014, Bryan paid $ 6,000 for tuition for his dependent daughter, April ( SSN 549-43-5584) Connel. April (age 20) attends the University of Houston full-time. She entered her sophomore year during 2014. April lives with Bryan when she is not in school.

The University of Houston is located at 4800 Calhoun Road, Houston, Texas 77004. Bryan is divorced. During 2014, he paid alimony totaling $ 50,000 to his ex-wife, Anne Connel (SSN 558-99-5377). His only other income includes $ 4,250 of interest from a Texas Commerce Bank certificate of deposit and $ 1,840 of interest from State of Ohio government bonds.

He does not have an interest in any foreign accounts or trusts. Bryan lives at 1143 W. Adam Ave., Wichita Falls, KS 76300. Bryan uses the standard deduction, is is under age 65, and has good eyesight. He signs and dates his return on April 10, 2015.

Reference no: EM131037039

Questions Cloud

What is the most challenging aspect of finance manager : What is the most challenging aspect of finance manager? What are the biggest stressors in your work life? How do you deal with them? Does the organization provide any form of assistance?
Website to order replacement parts : I'm trying to get my wifes Louie Vutton purse fixed .The strap are broke .I went to a shoe repair vendor and he suggested to order it form LV and he can sew it on purse.I cant find a website to order replacement parts from.Can anybody help?
Website to order replacement parts : I'm trying to get my wifes Louie Vutton purse fixed .The strap are broke .I went to a shoe repair vendor and he suggested to order it form LV and he can sew it on purse.I cant find a website to order replacement parts from.Can anybody help?
High degree of task interdependence : The tasks that your group is confronted with are exceedingly complex requiring people to have specialized training for different aspects of the tasks and you have a high degree of task interdependence.
Prepare the tax return for bryan connel : Use the information to prepare the tax return for Bryan Connel - problem is suitable for manual preparation or computer software application.
Question is for a grammar expert : ;therefore, it is critical that services provided by the Learning Management System (LMS Recovery Plan (LMS) are able to operateLMS is the acronym for Learning Management System but also in the context of my business paper LMS refers to the LMS Rec..
High degree of task interdependence : The tasks that your group is confronted with are exceedingly complex requiring people to have specialized training for different aspects of the tasks and you have a high degree of task interdependence.
Determine the force r which the elevator floor exerts : Determine the force R which the elevator floor exerts on her feet and the lifting force L which she exerts on the package during the acceleration interval. If the elevator support cables suddenly and completely fail, what values would R and L acqu..
Proofread and well-articulated posting : Yet, culminate your short summary of one specific learning experience that will remain with you in the future. (Five-point maximum participation points for a proofread and well-articulated posting.)

Reviews

Write a Review

Taxation Questions & Answers

  Olaf owns a 500 acre farm in minnesota a tornado hit and

olaf owns a 500 acre farm in minnesota a tornado hit and destroyed a farm building and equipment and damaged a barn. he

  After a long courtship andy and wendy chung were married on

after a long courtship andy and wendy chung were married on march 18 2013. this was a second marriage for both. andy

  Discuss the accounting methods

Discuss the various accounting methods and what types of considerations should be taken in determining which method is the best option for an S Corporation.

  How much gross income does clark have from the dewdrop inn

Clark chooses to live at the inn in a room that normally rents for $400 per month. How much gross income does Clark have from the DewDrop Inn?

  Pre-tax discount rate for ilayimi

The profit after tax from continuing operations of Ilayimi, after all of the above events were taken into account, amounted to R12 523 500 for the year ended 31 December 2011.

  Compute the net present value of the after-tax cash flow

Compute the net present value of the after-tax cash flow for Melinda and after-tax cost for Argus and Dynamic for each of the proposed employment contracts using a 6 percent discount rate.

  Prepare the return with commercial tax

What amounts will Joe and Guy report on their individual Form 1040's related to Sun & Fun's 2012 activities and prepare the return with commercial tax prep software

  How much tax do you owe on the interest payment

You purchase a 6 percent $ 10,000 bond for $ 9,180 plus $ 156 in accrued interest for a total outlay of $ 9,336. Subsequently you receive a $ 300 interest payment. You are in the 20 percent income tax bracket. How much tax do you owe on the int..

  The texas code of professional responsibility

1. Under the Texas Code of Professional Responsibility may a law firm use the phrase "personal injury lawyers" on its letterhead and business cards without disclaimer as to individual firm lawyers' certification or non-certification if such letterhea..

  What was theodores income tax expense

No valuation account was deemed necessary for the deferred tax asset as of December 31, 2010. What was Theodore's income tax expense for 2011?

  Evaluate the project''s npv

Evaluate the project's NPV? Note that a project's expected NPV will be negative, in which case it will be rejected.

  Evaluate the budgeted net income

Evaluate the budgeted net income. Ignore income taxes. Management is trying to decide how several possible conditions or decisions might affect net income.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd