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12/15/2017  $1,750.00
Taxpayer  desires  to  minimize  taxes  and  apply  any  overpaymen
t  to  next  year
Schedule  L
  assume  beg  cash  $
21488.
Complete  schedule  M-1  and  M-2
  New  assets  purchased  are  not  expen
se
d  despite  the  bookkeepers  entry  and  therefore  must
be  capitalized  first  and  then  depreciated  using  section  179  ex
pense  election.  If  you  do  not
know  what  this  means.  Please  reread  your  principles  of  account
ing  text  chapter  on  fixed
assets.
Personal  Use  of  auto  expense  is  15%
If  you  do  not  know  the  definition  of  ordinary  and  qualified  divi
dends,  please  see
Individual  tax  text  or  find  same  definitions  on  IRS  websit
e.
  Employer  sponsored  health  plan  is  100%  ACA  compliant,  pr
emiums  paid  by  company.
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