Prepare a memo to Internal Revenue Service Appeals Division at the Los Angeles Federal building,...

80.2K

Verified Solution

Question

Accounting

Prepare a memo to Internal Revenue Service Appeals Division at the Los Angeles Federal building, requesting the allowance of the child tax credit (CTC). The taxpayer was denied the credit because her divorced ex-husband claimed the three children first. Ms Beta is 26 years old and can claim the EITC.
Ms. Beta does not receive alimony payments because they both earn similar wages.
Ms Beta has not changed her name as yet since her divorce is recent.
Ms. Beta lives in your town she is excited about her new live there.
Her most recent W-2 from has a residential address for New Mexico where she lived with her ex husband. She has now moved to Los Angeles as a Casting Assistant so the case will be tried in Your Town. Ms Beta does receive child support but child support is not taxable income and will not affect the computations.
Group B:
Use the W2 information below for the wages and federal tax withholdings.
Name: Mrs. Susan A. Beta 444-11-111126 years old.
Childrens names: Miss Janice Beta 4 years old - SSN 444-22-2222
Mr. Lake Beta 1 years old -SSN 444-33-3333
Mr. Friday Beta 2 years old- SSN 444-44-4444
Address: 555 Your street on your road, Apt 1
Your town Your State 91208.
Your Town Your State 87105
Wages: $16,500.25
Federal Withholding: $2,097.54
Please use the most recent tax year forms
CPAs- Prepare form 1040X using the W-2 handout from class and the childrens data above. Claim the child tax credit that for each child.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students