Acct – frederick freeweights (age 42) owns and operates a health club

Frederick Freeweights (age 42) owns and operates a health club called “Treadmills West.” The business is located at 4321 Arnold Street, Alpine, CA 91901. Freddy had the following income and expenses from the health club:
Income: 214900
Business Insurance 3,800
Office Supplies 3335
Payroll 97,200
Payroll Taxes 9180
Travel 2420
Equipment & maintenance 10666
cleaning service 8500
equipment rent 22820
telephone 2780
utilities 13975
rent 30000
advertising 4750
special workout clothing and boxing gloves 750
subscription to biceps monthly magazine 120
educational seminar on weight training 775
other expenses 1830

The business uses the cash method of accounting and has no accounts receivable or inventory held for resale. Freddy has the following interest income for the year:
Bank savings: 12831
Bank bond: 10825
Freddy has been a widower for 10 years with a dependent song, Arnold, and he files his tax return as a head-of-household. Arnold is an 18 year old high school student; he does not qualify for the child credit. They live next door to the health club. Freddy does all of the administrative work for the health club out of an office in his home. The room is 150 sq ft out of the house total of 1800. Freddy pays 20,000 for rent and 4,000 in utilities.
Freddy made an estimated tax payment to the IRS of 1,000 on April 15, 2013.
Required: Complete Freddy’s federal tax return for 2010. Use Form 1040, Schedule B, Schedule C, Form 8829, and Schedule M. Use any other appropriate schedules to complete this tax return. Do not complete a Form 4562. Make realistic assumptions about any missing data.

Russell (age50) and Linda (age45) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited. The business is operated out of their home, located at 1234 Katy Rd., TX 77493 Russell Long had the following income and expenses from the landscaping business:
Income $132,000
Business Insurance 3,800
Office Supplies 2,600
Payroll 83,000
Payroll Taxes 8,100
Meals and Entertainment 2,350
Contract Labor 7,290
Maintenance 8,300
Equipment Rent 12,300
Telephone 2300
Business Gifts ( no gift over $22) 770
Special clothing and safety shoes 600
Subscription to Green Lawns and magazine 120
Education seminar on bug control 350
Other Expenses 1,830

The business uses the cash method of accounting and has no accounts receivable or inventory held for resale. 
In addition the above expenses, the Longs have set aside one room of their house as a home office. The room is 150 square feet and their house has a total of 1,500 square feet. They pay $12,000 per year rental on their house, and the utilities amount to $3,000 for the year 
The Longs have two dependents children, Bill (Social Security number 123-23-7654) and Martha (Social Security 345-67-8654). Both Bill and Martha are full-time high school students, ages 17 and 18, respectively, so they do not qualify for the child credit. Russell social Security number is 664-98-5678 and Linda’s is 554-98-3946. They made an estimated tax payment to the IRS of $4,500 on April 15, 2013. 
Required: Complete the Long’s federal tax return for 2013 Use Form 1040 Schedule b, Schedule C and form 8829 on pages 3-57 to 3-63 and any other appropriate schedules to complete this tax return. Do not complete from 4562 (depreciation) . Make a realistic assumptions about missing data. 

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages