Hey Chris Thanks for starting up this blog, i am sure it will be a great help for everyone. I am partially done with Brad Wilson federal, however i am stuck on few places. I will be online around 7ish pm today. Is it okay if we can discuss the problems that i am encountering? If so then please let me know. Thanks and gudluck to everyone on their midterm =)

Two places I ran into problems with for B. Wilson were the following:

1. Schedule D:Capital Gains and losses: on the 1099-div box 2a. that needs to go into the schedule D on line 13

2.The "2009 state balance due" $753 should be added to the itemized deduction sheet on line 5 along with the totals in the CA book on page 182 box 17 of the W-2's. The reason I added this was the payment was made in 2010 for the 2009 taxes. You can find that on page 11.12 of the textbook in the last paragraph under "income taxes"

If you got these then we can go over more from there but those were the spots I ran into a problem.

Hey Marie, I don't think I have the forms anymore. I will double check when I get hime. Out of curiosity, how did you find this blog? I set it up over a year ago, I even forgot about it... :)

I will reply if I still have the hard copies somewhere.

I have a question regarding the agi. I have it as 30,126 but that doesn't seem right. I'm also questioning the taxable income and itemized deductions. For itemized I have it as 9105 and taxable i have it as 1461. I've done the math over and over but I think this is where I am messing up my numbers. I appreciate all help to fix up this federal form.

I can go over more stuff during the day tomorrow. I will also have some time tomorrow evening if we want to try and get a chat together. I think since we are mostly using gmail I'll look at setting up a chat room, if we can all agree on a time we can have a live chat. I am also working on the state and am hoping to have it done by tomorrow.

For line 5 of the itemized deductions sheet I got 1342:

589 (total amounts from w-2 box 17 in state book, page 182) + 753 (from 2009 state balance due) = 1342 (line 5 state and local income tax on itemized deductions)

First, thank you for showing what you have so far for fed.

I have a question on the total income (line 22). You have 32,622. I added up lines 7, 8a, 9a, 13 and 21. I get 32,672 for the total income (32,332+34+171+25+110)

Also, how did you calculate the sched D and get 25? I'm not sure if I'm missing something there.

Hey Estelle, that one was where I had problems. Isn't the 25 you got form the capital gains and loss worksheet a (-25)? Since it was a negative 25 or loss I subtracted it.

On the schedule D I got a (-25) from:

2698 (column d) - 2748 (column e) Column f says:subtract "e" from "d" which equals (-50) or loss right?

Then on line 13 of schedule D it asks for "capital gain distributions" I got that from the 1099-DIV box 2a: 25

If you combine lines 8-14 in column f you would have (-50) + 25 = (-25) or a loss.

When you subtract the 25 from the totals you have listed you get: 32,622

Thank you for the feedback, like I said I need to check all this myself, again. Chris

Thank you for replying. I understand it now for that part. I only have one more question regarding the federal. Once I get this sorted I can move on toward state.

I'm stuck on the tax table. Which number are we using for the tax table?

When I use 30,271 I get 3,944. When I use the 13,901 I get 1491.

I know the 1469 is correct as you have it because doing the math going downward on the 1040 will get you the correct answer but where did you get it from (the 1469)?

I got the 1469 from filling out the "qualified dividends and capital gains worksheet-line 44". Once you fill it out, line 19 of the worksheet tells you to use that tax on line 44 of the 1040.

Yo Kevin, line 62 looks like it refers to "estimated taxes" the $753 is tax that he had to pay from the 2009 return. I don't have anything on line 62. I put the $753 on schedule A line 5 "taxes you paid" You have to add $753 and $589. The $589 is the total of the state tax withheld on the W-2's in the state book on page 182.

Ken, did you get the correct answer for this when you added the $24? I didn't add it and I got the correct answers. I also sent the 1040 and 540 to Erika and she said they were correct.

Yup, I just did the math and it comes out the same. There are some lines on some schedules and forms that need to be updated but the answer comes out the same. This would have mucked up the answers bad on the test.

Chris - It does not change the amount of tax owed from looking up on the tax table but, I did get the $2,711 refund Erika gave us and it does change the amount of the schedule A which could be a test question on the Midterm

You're right Ken, I did the math last night and made the changes to sched A and the other forms that needed line changes. Thank you for the reminder on that. I am trying to make sure the others using the blog know about it also.

If anyone wants to meet at 8:00am before the midterm, I will be there to go through the returns or try to answer questions on stuff that may be not be clear.

I am updating the federal and added the 24 to the state and local tax on the sched a but when I add up the 1603, 3066, 3475 and 950 I get 9094. I am looking at the copies of the forms I was sent and I see 9096. Am I missing a number? I will try to be there early tomorrow for anyone showing up to discuss the midterm.

I will try to be in early tomorrow to go over the forms.

Also, did anyone answer that question she posted on the board before we left?

The question was which of the following itemized ded may be added to federal item ded on the CA return.

A. Qualified medical expenses paid from HSA B. Loan interest for a Vacant peice of land in California C. State Disability Insurance (SDI) D. None of the above

I think the answer is C. The CA adjustment form mirrors that itemized deduction federal form for lines 5, 7 and 8 and it specifically lists the words State Disabillity Insurance but I could be wrong.

Bruce &Lois 2 kids the third William release dependence to ex. Adjust:Lois contributed 2500 IRA the value for her Acc is 13093.75She did not take. OTHER INCOME:Bruce 2 days in District court received 50. CREDITS:B&L paid Little Center 7000(3500 each kid) to take care 2 kids. SELFEMPLOYMENT:L quilts.L made 8500 selling quilts. Spent 195 on advertising Bought 1200 supplies 225 in rent a space. RENTALREALESTATE: B&L each owned a hous. B&L moved to B hous after weed. They continue 2rent L house. L&B rented all y and get 8400rent.made minor repair cost 400 they paid 850 for home annually.paid 1400 real ESTATE TAx. purchased 2005,115000value has not change when the couple made it available to rent 2007.TRANSACTIONS Sell 30 shares 1650 buy in 2005 at 1182, 60 shares 1800 buy in 2005 at 1485, 10 shares buy in 2005 525 at 760ITEMIZED DEDUCTIONS:2011 state balance due 782 paid april 12,2012.Personal property tax 575 paid on December 27,2012. Donation to cancer 450 may3, 2012

Hi Chris. I need help with the HR Block Brad Wilson case, i am off a little over a hundred on my return, can you help me? I know you did this case a while back, but perhaps you can still help?

On the Qual Div wkr sheet, line 24 & 26- when you are looking on the tax table, make sure you are looking for the corresponding amount for HOH not single. That screwed me up. I fixed it, and that fixed all the other lines.

Make sure line 21 of 1040 you added the jury pay.

if you are only off by 20-50 bucks, chances are you screwed up on the taxable income line 43 form 1040. When you go to the tax table, make sure you are selecting the correct row amt. EX: someone who is HOH and has a taxable income of 15550 you must choose the row from 15,550- 15,600 NOT 15,500- 1550 this can screw you up by a few bucks, change it and it fixes everything.

Hope this was helpful and gets you back on track. Will check back in a few hrs.

I guess i should also mention, for the capital gains and losses wrk sheet, make sure you are also entering the capital gain distributions from form 1099-DIV (line 2a) into line 13 of that wrk sheet.

Make sure you are adding correctly using the math rules.

For itemized deduction wrk sheet, part two taxes, make sure you are adding the state taxes from the W2s line 17, plus the taxes given in the scenario.

I think this should cover most of the tricky parts to this work sheet.

Also make sure that to get the tax for this case you are not using the tax table directly. You must use the Qual Div and Cap gain wrk sheet, then put the amt you get from there on line 44 of the 1040, then do the math from there.

id be interested to know the midterm exam questions and answers..i have started the test and almost complete but a few I'm not sure so I would like to have something to confirm my answers :(

I'd like to discuss it. I tried working on it last night but my numbers were off and I wasn't sure where to put his jury pay.

ReplyDeleteHey Chris

ReplyDeleteThanks for starting up this blog, i am sure it will be a great help for everyone. I am partially done with Brad Wilson federal, however i am stuck on few places. I will be online around 7ish pm today. Is it okay if we can discuss the problems that i am encountering? If so then please let me know. Thanks and gudluck to everyone on their midterm =)

Morning all, glad it seems to be working. I hope you guys are getting the comment emails as well.

ReplyDeleteI am a little busy this morning but I will post two areas where I had problems with the numbers. I can have them up around 12:30 or so.

Mary, I'll let you know about later this evening. Feel free to post any questions, I can answer those faster or starting thinking about them.

Thanks all

Chris

Two places I ran into problems with for B. Wilson were the following:

ReplyDelete1. Schedule D:Capital Gains and losses: on the 1099-div box 2a. that needs to go into the schedule D on line 13

2.The "2009 state balance due" $753 should be added to the itemized deduction sheet on line 5 along with the totals in the CA book on page 182 box 17 of the W-2's. The reason I added this was the payment was made in 2010 for the 2009 taxes. You can find that on page 11.12 of the textbook in the last paragraph under "income taxes"

If you got these then we can go over more from there but those were the spots I ran into a problem.

Thanks

Chris

do you have this copy ? to email? Thanks

DeleteMarie

Hey Marie, I don't think I have the forms anymore. I will double check when I get hime. Out of curiosity, how did you find this blog? I set it up over a year ago, I even forgot about it... :)

DeleteI will reply if I still have the hard copies somewhere.

Thanks

Chris

you have the files?

DeleteI will try to be on here at 7 pm as well. I should be home and will have my Wilson midterm with me so we all can discuss it further.

ReplyDeleteThanks

Estelle

I won't be able to get on around this time but I'll be on the look out for any questions. If I have input I'll chime in.

ReplyDeleteChris

I have a question regarding the agi. I have it as 30,126 but that doesn't seem right. I'm also questioning the taxable income and itemized deductions. For itemized I have it as 9105 and taxable i have it as 1461. I've done the math over and over but I think this is where I am messing up my numbers. I appreciate all help to fix up this federal form.

ReplyDeleteThank you

Estelle

Hey Estelle, for AGI I am coming up with 30,271 and for itemized deductions I have 9070.

ReplyDeleteFor AGI I have 32,622 (line 22) - 2,351 (line 36) = 30271 (line 31 AGI)

On itemized deductions I have: 1603 (line 4) + 3042 (line 9) + 3475 (line 15) + 950 (line 19) = 9070 (line 29)

I can go over more stuff during the day tomorrow. I will also have some time tomorrow evening if we want to try and get a chat together. I think since we are mostly using gmail I'll look at setting up a chat room, if we can all agree on a time we can have a live chat. I am also working on the state and am hoping to have it done by tomorrow.

Thanks

Chris

Line 14 on schedule A anyone? Some reason I wrote down 727 but thought about it and I can't find out where.it came from..

ReplyDeleteWhat's up Kevin? I don't have anything on line 14 for schedule A.

ReplyDeleteChris

So does it come out to 4838? My questions were line 5 from the inc tax being 584, anfitriones line 14 but I think ur right to leave it blank

ReplyDeleteFor line 5 of the itemized deductions sheet I got 1342:

ReplyDelete589 (total amounts from w-2 box 17 in state book, page 182) + 753 (from 2009 state balance due) = 1342 (line 5 state and local income tax on itemized deductions)

Chris

Hello Chris,

DeleteWould you happen to have the Wilson MidTerm info? Can you email it or srnd link? My email is mrs.harris21@ymail.com

Here are links to the 1040 for Wilson:

ReplyDeletehttp://db.tt/Ocspzlla

http://db.tt/PrG5Vby4

As I said I got the refund amount of 2711 but if anyone see's an issue or if I did voo doo math somewhere I am happy to have other eyes on it.

Thank you

Chris

First, thank you for showing what you have so far for fed.

ReplyDeleteI have a question on the total income (line 22). You have 32,622. I added up lines 7, 8a, 9a, 13 and 21. I get 32,672 for the total income (32,332+34+171+25+110)

Also, how did you calculate the sched D and get 25?

I'm not sure if I'm missing something there.

Hey Estelle, that one was where I had problems. Isn't the 25 you got form the capital gains and loss worksheet a (-25)? Since it was a negative 25 or loss I subtracted it.

ReplyDeleteOn the schedule D I got a (-25) from:

2698 (column d) - 2748 (column e)

Column f says:subtract "e" from "d" which equals (-50) or loss right?

Then on line 13 of schedule D it asks for "capital gain distributions" I got that from the 1099-DIV box 2a: 25

If you combine lines 8-14 in column f you would have (-50) + 25 = (-25) or a loss.

When you subtract the 25 from the totals you have listed you get: 32,622

Thank you for the feedback, like I said I need to check all this myself, again.

Chris

Thank you for replying. I understand it now for that part. I only have one more question regarding the federal.

ReplyDeleteOnce I get this sorted I can move on toward state.

I'm stuck on the tax table. Which number are we using for the tax table?

When I use 30,271 I get 3,944. When I use the 13,901 I get 1491.

I know the 1469 is correct as you have it because doing the math going downward on the 1040 will get you the correct answer but where did you get it from (the 1469)?

I got the 1469 from filling out the "qualified dividends and capital gains worksheet-line 44". Once you fill it out, line 19 of the worksheet tells you to use that tax on line 44 of the 1040.

ReplyDeleteChris

It's about 8:30, I am available now if anyone wants to chat about these forms.

ReplyDeleteChris

How is everyone doing?

ReplyDeleteChris

hey Chris

DeleteI'm having trouble getting my comments to post. I finished the federal thanks to your explaining the last question I had.

ReplyDeleteI'm going to work on state right now. If I have questions I will make sure to post them in the states topic you created.

Thank you for all of your help.

Thank you for your help. Talking about this stuff like we did here helps me understand it more myself.

ReplyDeleteI'll check on the posting issues later tonight.

Chris

On line 62 do I put the $753 taxes he paid in 2010? on pg. 1.6 it has a list of the 1040 which refers to page 11.11

ReplyDeleteYo Kevin, line 62 looks like it refers to "estimated taxes" the $753 is tax that he had to pay from the 2009 return. I don't have anything on line 62. I put the $753 on schedule A line 5 "taxes you paid" You have to add $753 and $589. The $589 is the total of the state tax withheld on the W-2's in the state book on page 182.

ReplyDeleteChris

Ok cool thanx Chris I've been struggling on time...and is the eic based on ur earned income or AGI

ReplyDeletentevermind

ReplyDeleteKevin and Chris - I have Line 62 blank for "2010 estimated tax payments..." The allocation of $753 is for 2009 tax.

ReplyDeleteFinal amount for "Payments" I have is $3,180 - Lines 61 through 71.

ReplyDeleteEveryone - Don't forget about the LOCAL taxes on the California W-2 - $24 that gets added to Line 5 on SCHED. A along with the state taxes.

ReplyDeleteKen, did you get the correct answer for this when you added the $24? I didn't add it and I got the correct answers. I also sent the 1040 and 540 to Erika and she said they were correct.

ReplyDeleteJust wondering.

CHris

Yup, I just did the math and it comes out the same. There are some lines on some schedules and forms that need to be updated but the answer comes out the same. This would have mucked up the answers bad on the test.

ReplyDeleteHey Estelle, I hope you get the update that Ken listed. I sent a direct email to you.

ReplyDeleteChris

Chris - It does not change the amount of tax owed from looking up on the tax table but, I did get the $2,711 refund Erika gave us and it does change the amount of the schedule A which could be a test question on the Midterm

ReplyDeleteYou're right Ken, I did the math last night and made the changes to sched A and the other forms that needed line changes. Thank you for the reminder on that. I am trying to make sure the others using the blog know about it also.

ReplyDeleteChris

If anyone wants to meet at 8:00am before the midterm, I will be there to go through the returns or try to answer questions on stuff that may be not be clear.

ReplyDeletehi Chris.. this is MJ. can you please email me federal? i am $50 over on AGI. i got your state tax from Mel.. thanks!

ReplyDeleteMJ's email add is: mjtortogo@gmail.com

ReplyDeleteGracias!

I am updating the federal and added the 24 to the state and local tax on the sched a but when I add up the 1603, 3066, 3475 and 950 I get 9094. I am looking at the copies of the forms I was sent and I see 9096. Am I missing a number? I will try to be there early tomorrow for anyone showing up to discuss the midterm.

ReplyDeleteEstelle

I will try to be in early tomorrow to go over the forms.

ReplyDeleteAlso, did anyone answer that question she posted on the board before we left?

The question was which of the following itemized ded may be added to federal item ded on the CA return.

A. Qualified medical expenses paid from HSA

B. Loan interest for a Vacant peice of land in California

C. State Disability Insurance (SDI)

D. None of the above

I think the answer is C. The CA adjustment form mirrors that itemized deduction federal form for lines 5, 7 and 8 and it specifically lists the words State Disabillity Insurance but I could be wrong.

Let me know what you all think

Estelle

somebody knows about the Final Bruce Harrison

ReplyDeleteBruce &Lois 2 kids the third William release dependence to ex. Adjust:Lois contributed 2500 IRA the value for her Acc is 13093.75She did not take. OTHER INCOME:Bruce 2 days in District court received 50. CREDITS:B&L paid Little Center 7000(3500 each kid) to take care 2 kids. SELFEMPLOYMENT:L quilts.L made 8500 selling quilts. Spent 195 on advertising Bought 1200 supplies 225 in rent a space. RENTALREALESTATE: B&L each owned a hous. B&L moved to B hous after weed. They continue 2rent L house. L&B rented all y and get 8400rent.made minor repair cost 400 they paid 850 for home annually.paid 1400 real ESTATE TAx. purchased 2005,115000value has not change when the couple made it available to rent 2007.TRANSACTIONS Sell 30 shares 1650 buy in 2005 at 1182, 60 shares 1800 buy in 2005 at 1485, 10 shares buy in 2005 525 at 760ITEMIZED DEDUCTIONS:2011 state balance due 782 paid april 12,2012.Personal property tax 575 paid on December 27,2012. Donation to cancer 450 may3, 2012

ReplyDeletecan you put the numbers into 1040 may be more comprehensive. Thank you very much. Hopefully you will get back the response soon.

Deleteanyone have question to Lois case in 1040? and the questions to the final exam?

DeleteI think is going to be for 2012 taxes somebody help.

ReplyDeletecan someone give the whole question for the brad Wilson ?

ReplyDeleteAlso need help with Brad Wilson please

ReplyDeletewhat do you need? can you help me with Harrison case?

DeleteI need the Brad Wilson Midterm info? Willing to PAY for it.

ReplyDeleteWhere the itemized deduction go in California?

ReplyDeleteDo anyone have the answers to the Brad Wilson mid term because I'm stuck. Can someone please help me?

ReplyDeletewhere do you need help?

DeleteI need help with the whole thing!!

DeleteYou can email me at ishelton90@yahoo.com

DeleteDid figure anything out for lines 10-21 (Income) and 23-37 (AGI)

Deleteme too. please email me @ kfnotaries@yahoo.com. going nuts and so stressed!

DeleteCount me in on that info mileandhill1@aol.com. Desperate in MA

DeleteI need help with the whole thing!!

ReplyDeleteHi Chris. I need help with the HR Block Brad Wilson case, i am off a little over a hundred on my return, can you help me? I know you did this case a while back, but perhaps you can still help?

ReplyDeleteMe too! Then I was short!. And now I'm confused! I need the answers so I can redo the case

DeleteHere are some tips for the Brad Wilson case:

ReplyDeleteOn the Qual Div wkr sheet, line 24 & 26- when you are looking on the tax table, make sure you are looking for the corresponding amount for HOH not single. That screwed me up. I fixed it, and that fixed all the other lines.

Make sure line 21 of 1040 you added the jury pay.

if you are only off by 20-50 bucks, chances are you screwed up on the taxable income line 43 form 1040. When you go to the tax table, make sure you are selecting the correct row amt. EX: someone who is HOH and has a taxable income of 15550 you must choose the row from 15,550- 15,600 NOT 15,500- 1550 this can screw you up by a few bucks, change it and it fixes everything.

Hope this was helpful and gets you back on track. Will check back in a few hrs.

I guess i should also mention, for the capital gains and losses wrk sheet, make sure you are also entering the capital gain distributions from form 1099-DIV (line 2a) into line 13 of that wrk sheet.

ReplyDeleteMake sure you are adding correctly using the math rules.

For itemized deduction wrk sheet, part two taxes, make sure you are adding the state taxes from the W2s line 17, plus the taxes given in the scenario.

I think this should cover most of the tricky parts to this work sheet.

What should the final answer be?

ReplyDeleteFinal ans is 2814

ReplyDeleteAlso make sure that to get the tax for this case you are not using the tax table directly. You must use the Qual Div and Cap gain wrk sheet, then put the amt you get from there on line 44 of the 1040, then do the math from there.

does anyone have copies of final forms? I am totally stressing and freaking out here over the Brad Wilson midterm. Please help. I'm begging....... :'(

ReplyDeleteyes I also have final answer $2814

ReplyDeleteline 7: 32332

ReplyDeleteline 22: 32622

line 38: 30271

line 40: 9154

line 46: 1339

line 64a: 886

line 74: 2814

Hi i am stuck with qual dividends worksheet i am getting 1346 pls help how did u get 1339?

DeleteWhat did you add in itemized deduction because I have 8611

DeleteAnyone have the actual information to complete Harrison 1040?

ReplyDeleteAny luck with getting this information on Harrison?

DeletePlease please help me with 2013 1040 and CA 540 numbers for brad Wilson .. Got a midterm and really tensed ... Will be grateful .. Please help!

ReplyDeletePlease upload the Fedral 1040 and CA 540 2013 Brad Wilson

ReplyDeleteI have the midterm in a few hours . Please help me with the numbers of CA 540 and fed 1040 for brad Wilson . Thanks!

ReplyDeleteDoes anyone have numbers for JENSEN 11.1 ?

ReplyDeleteLine 7:52705

ReplyDeleteLine 22:52953

Line 37:52758

Line40 14076

Line43 26982

Line46 3154

Line 62 4178

Line 73: 2024

Does anyone know the rest of the midterm exam questions?

ReplyDelete5 questions Part I;

10 questions Part II

did you have any luck?

Deleteid be interested to know the midterm exam questions and answers..i have started the test and almost complete but a few I'm not sure so I would like to have something to confirm my answers :(

ReplyDeleteThe questions would still be helpful without your answers, please.

DeleteIf anyone has exam questions to midterm, please send to smack5507@yahoo.com

DeleteI would be interested in the questions. Thanks: cruisesrfn@aol.com

DeleteCall me stressed This will be my only job possibility ad I want to make sue my answers are correct. Please send to miloandhill1@aol.com

Deleteluzfigueroa80@gmail.com

DeletePlease need help!

if anyone still needs Wilson I have it. Post email address.

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i need case studies from chapter 9, 11, 12 jolivera869@gmail.com thankss!

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ReplyDeleteDid you ever get the Brad Wilson info? miloanhill1@AOL.COM

DeletePlease help

ReplyDeleteAnyone still have their questions and answers to

ReplyDeletethe final ?

Does anyone have the information on the final? Harrison?

ReplyDeleteInfo emailed to those who posted their email addresses for Wilson.

ReplyDeletegood afternoon guys Im stuck on 14.2 carter state return keep coming up with 660 instead of 440 any help would be appreciated thanks

ReplyDelete