1120-S FORM
TOP LINE REVENUE
TRUE BUSINESS EXPENSES
GROSS NET INCOME
$0.00
SOLO 401K Traditional
Family Pension Plan (C.D.B.P.)
Augusta Rule
Hiring Your Kids
Accountable Plan
529 Deductions
Executive Business Bonus Plan
ordinary business income
$0.00
SCHEDULE-E
Real Estate LLC Total Income
*REPS STATUS ONLY FOR ACTIVE INCOME DEDUCTIONS
27.5–39 Year Depreciation
Advertising
Auto
Mortgage Interest
Maintenance & Repairs
HOA
Commissions
Supplies
Insurance
Taxes
Legal Fees
Utilities
ordinary business income
$0.00
Real Estate Profit or Loss
$0.00
Bonus Depreciation
Schedule-E Income
$0.00
1040 TAX FORM
Income
$0.00
W2
Net Capital Gains
Interest
Discount Conversions
LLC Business
Dividends
Total Income=
$0.00
DEDUCTIONS
$0.00
HSA Contributions
Self-Employed Health Insurance
Traditional IRA Contributions
Total (AGI)=
$0.00
Adjusted Gross Income (AGI)=
$0.00
Taxable Income=
$0.00
MEDICAL EXPENSES PAID OVER 7.5% AGI
Personal Houses Mortgage Interest
Maximum 750K Mortgage
Private Family Foundation
30% OR 60% AGI
QBI DEDUCTION
20% OF SCHEDULE-E
Public Charity
ie. CHURCH – 10% AGI
Charitable Contributions (Maximum 60% AGI)
Art Donations
30% AGI
SALT TAXES – STATE INCOME, SALES TAX, R.E. TAX
MINIMUM 10K/MAXIMUM 40K
TAXABLE INCOME
TAXABLE INCOME=
$0.00
Filing Status
$0 - $23,200 = 10%
$0.00
$23,201 - $94,300 = 12%
$0.00
$94,301 - $201,050 = 22%
$0.00
$201,050 - $383,900 = 24%
$0.00
$383,901 - $487,450 = 32%
$0.00
$487,451 - $731,200 = 35%
$0.00
$731,201 AND UP = 37%
$0.00
Effective Tax Rate
%
Taxes Owed
$0.00
TAX CREDITS
Child Tax Credit
$400K AGI LIMIT
Child After Care
1 Child $3k, 2+ Children $6K
Work Opportunity Tax Credit
R&D Credits
Adjusted Taxes Owed
$0.00
Refundable TAX CREDITS
W-2 Federal Tax Payment
Quarterly Tax Payments
Farm Fuel Tax Refund
Gas $.18/gal – Diesel $.24/Gal
Balance Due
$0.00