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Appendix F: Willow Wade Information
For your sixth client, your boss wants you to prepare Form 1040
Willow Wade is a successful, 30-year old attorney. She has a law office near the circuit court building on Smith Court and a home office. The home office is one of the bedrooms in her 4-bedroom home in Aiea, HI. She is on the cash method.
41-123 Kaneu Drive
Aiea, HI 96701
Social Security No:
Secretary salary (?)
Utilities (for Smith Ct. office)
Court fees (are these fees she is paying for clients who are filing cases? Would they be receivables on her books?) I don’t know. I am sure there might be unreimbursed court fees that attorneys might have to pay?
Insurance (prepaid or expense?) – Is that important since she is a cash based tax payer? Wouldn’t that mean she paid $2000 in cash for the year…either the beginning or the end..so maybe prepaid, maybe not?
Total Square Footage of Willow’s home
Square footage of Willow;s home office
300 square feet
Home expenses for the year (utility expenses (gas, electric, etc.), depreciation, and property taxes)
Mileage (4,000 to and from court, 2,000 to and from her home to work and back, 4,000 was personal driving? “just driving around”)
New car purchased last year cost
Prepare Form 1040