| (client name) |
|
|
|
|
| Individual Tax
Planning Assumptions |
|
|
|
| Tax Year Ending:
12/31/06 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Option #1 |
|
Comments |
|
|
|
|
|
|
|
|
|
|
| Gross Taxable
Wages - (client name) |
$111,200 |
|
Projected Earnings Schedule
Taxpayer |
| Shareholder Health
Insurance |
|
0 |
|
Per Client Information |
| Gross Taxable
Wages - (client name) |
26,400 |
|
Projected Earnings Schedule
Spouse |
|
|
|
|
|
| Total Gross Taxable
Wages |
|
137,600 |
|
|
|
|
|
|
|
| Interest
Income |
|
450 |
|
Estimated From 2003
Actual |
| Dividend
Income |
|
50 |
|
Estimated From 2003
Actual |
|
|
|
|
|
| Schedule E - (Company
Name) |
|
1,367 |
|
Estimated From Available
Information |
| Schedule E - (Company
Name) |
|
791,230 |
|
Estimated From Available
Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: SE Health
Insurance |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
| Projected Adjusted Gross
Income |
|
$930,697 |
|
|
|
|
|
|
|
|
|
|
|
|
| Itemized
Deductions: |
|
|
|
|
|
|
|
|
|
| State Income Taxes |
|
13,843 |
|
Projected Earnings Schedules -
W/H |
| State Income
Taxes |
|
15,600 |
|
2004 1/2/3/4 Qtr. Estimated
Payments |
| Real Estate
Taxes |
|
0 |
|
Estimated From 2003
Actual |
| Mortgage
Interest |
|
0 |
|
Estimated From 2003
Actual |
| Contributions |
|
0 |
|
Estimated From 2003
Actual |
| Contributions |
|
0 |
|
Estimated From S Corp Income
Stmt |
|
|
|
|
|
| Total Itemized
Deductions |
|
29,443 |
|
|
| Prior to Any Phase
Outs |
|
|
|
|
|
|
|
|
|
| Other
Items/Comments: |
|
|
|
|
|
|
|
|
|
| 2003 Federal Tax
Liability |
|
0 |
|
|
| 2003 State Tax
Liability |
|
0 |
|
|
|
|
|
|
|
| 2004 Total
Estimated Payments - Fed |
173,200 |
|
2004 1/2/3/4 Qtr. Estimated
Payments |
| 2004 Total
Estimated Payments - State |
0 |
|
2004 1/2/3/4 Qtr. Estimated
Payments |
| 2004 Total
Estimated Payments - City |
0 |
|
2004 1/2/3/4 Qtr. Estimated
Payments |
|
|
|
|
|
