Assignment Type:Individual Project Deliverable
Length:2 pages + 1 completed Schedule A Points...

Question

Assignment Type:Individual Project Deliverable 
Length:2 pages + 1 completed Schedule A Points 
Possible:125 Due Date:6/2/2013 11:59:59 PM CT 
APA formatted ReferencesDue: May 12th 4:00 a.m. A staff tax 
accountant has come to you for advice. She has begun a tax return and does not 
know what to do with the expenses that the client has submitted as itemized 
deductions. She is unsure which expenses are allowable and should be included on 
her Schedule A. Review the expenses submitted by the client below. (Note: The 
client's AGI is $45,000.) 
Client submitted expenses:

Personal property taxes

$ 500

Reimbursed health insurance premiums

$ 1,500

Charitable contributions (cash only)

$ 200

Prescriptions

$ 150

Mortgage interest

$ 3,850

Contact lenses

$ 200

State income taxes withheld

$ 1,675

Unreimbursed medical expenses

$ 875

Services provided to a qualified nonprofit

$ 1,000

Real estate taxes

$ 850
Using the client submitted expenses above, complete the following:

List the allowable expenses.
Assist your staff with the completion of the Schedule A tax 
form for the most recent tax year.
For each expense not allowed, please explain why it is disallowed.

To obtain the most recently revised Form 1040 (Schedule A), follow these 
instructions:

Go to http://www.irs.gov/app/picklist/list/formsInstructions.html
In the Find box, type 1040 (in product 
number) and click "Find"
Scroll down to Form 1040 (Schedule A&B), titled Itemized Deductions 
and Interest & Ordinary Dividends
Complete Schedule A only. You do not have to complete Schedule B.

Robert · Accepted Answer

2012 Form 1040 (Schedule A)
SCHEDULE A  
(Form 1040) 
Department of the Treasury  
Internal Revenue Service (99) 
Itemized Deductions
▶ Information about Schedule A and its separate instructions is at www.irs.gov/form1040.        
▶ Attach to Form 1040.         
OMB No. 1545-0074
2012
Attachment   
Sequence No. 07 
Name(s) shown on Form 1040 Your social security number
Medical 
and 
Dental  
Expenses 
Caution.  Do not include expenses reimbursed or paid by others. 
1 Medical and dental expenses (see instructions) . . . . .  1 
2 Enter amount from Form 1040, line 38 2 
3 Multiply line 2 by 7.5% (.075) . . . . . . . . . . . 3 
4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . 4 
Taxes You 
Paid 
5 State and local (check only one box):
a Income taxes, or
b General sales taxes } . . . . . . . . . . . 5 
6 Real estate taxes (see instructions) . . . . . . . . . 6 
7 Personal property taxes . . . . . . . . . . . . . 7 
8 Other taxes. List type and amount  ▶
8 
9 Add lines 5 through 8 . . . . . . . . . . . . . . . . . . . . . . 9 
Interest 
You Paid
Note. 
Your mortgage 
interest 
deduction may 
be limited (see 
instructions). 
10 Home mortgage interest and points reported to you on Form 1098 10 
11 
 
 
Home mortgage interest not reported to you on Form 1098. If paid 
to the person from whom you bought the home, see instructions 
and show that person’s name, identifying no., and address ▶
11 
12 
 
Points not reported to you on Form 1098. See instructions for 
special rules . . . . . . . . . . . . . . . . .  12 
13 Mortgage insurance premiums (see instructions) . . . . . 13 
14 Investment interest. Attach Form 4952 if required. (See instructions.)  14 
15 Add lines 10 through 14 . . . . . . . . . . . . . . . . . . . . . 15 
Gifts to 
Charity
If you made a 
gift and got a 
benefit for it, 
see instructions. 
16 
 
Gifts by cash or check. If you made any gift of $250 or more, 
see instructions . . . . . . . . . . . . . . . .  16 
17 
 
Other than by cash or check. If any gift of $250 or more, see 
instructions. You must attach Form 8283 if over $500 . . . 17 
18 Carryover from prior year . . . . . . . . . . . . 18
19 Add lines 16 through 18 . . . . . . . . . . . . . . . . . . . . . 19 
Casualty and 
Theft Losses 20 Casualty or theft loss(es). Attach Form 4684. (See instructions.) . . . . . . . .

Assignment Type: Individual Project Deliverable Length: 2 pages + 1 completed Schedule A Points Possible: 125 Due Date: 6/2/2013 11:59:59 PM CT APA formatted ReferencesDue: May 12th 4:00 a.m. A staff...

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