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TO:

FROM: Peter Staron


Date 5/20/2015
John Doe worked and lived in Chicago. The company X transferred John to St. Paul
MN and with this transfer company X gave John $40,000 for relocating in 2014. This
$40,000 inflated his 2014 salary. John's total wages for 2014 was $215,090. In IL his
wages were $83,001 and for MN his wages were $132,089. Dividends and interest
for 2014 was 413. They received $20,280 in 2014 for Social Security Benefit. John
rental property address is 4444 N. Chicago St. Chicago IL 60000 and he had rental
income of $9,000. They are getting $8,550 for rental income for 5555 N. Chicago
Avenue. Page 9 of 2014 tax Documents says that Jane Doe his wife stills lives at
4444 N. Chicago St. The address that they live in Minneapolis is 7777 Minneapolis
Ave. Minneapolis, MN 5555.
Income
Social Security Benefits
Illinois
Minnesota
Total Wages
Rental Income
4444 Chicago

2014
$20,280
$83,001
$132,089
$215,090.13

Projected 2015
$20,280 ( 17,238 taxable)
0
$132,900
$132,900

$9,000

5555 Chicago
Total Rental Income
Dividends

$8,550
$17,550
$413

$0 (Jane Lives for whole


year)
$8,550
$8,550
$413

Minnesota Wages are calculated as followed John gets paid monthly and these
numbers are found on his March pay stud.
$12,170.46 Gross Earnings
- 365.11 RIA
730.23 401K
$11,075 Net Earnings
*
12 Months
$132,900 Earnings per year
+$17,238 Social Security
+$ 8,550 Rental income
+$413 Dividends
$159,101 Taxable income
- Itemized Deductions
- $15,910.1 for MN state Income Taxes
- $3,820 Real Estate Taxes
- $8,060 Home mortgage interest
- $7,900 Standard Exemption
$123,410.9 Projected income after Itemized Deductions
-17,046 Federal income taxes
+21,788 Payments

$4,742 Refunds
The W-2 stated for wages in 2013 Joseph made $150,010.94 and in 2014 the W-2
stated $215,090.13 but $40,000 for compensation for a one time move. That being
said his wages without the extra $40,000 his wages would have been $175,090.13
for 2014. John projected income for IL claiming that Jane lives at 5555 N. Chicago for
the whole year is $8,550.
If there is a sale of a residence that has been a residence for 2 out of 5 years and
has a value of less than 250,000 per person and 500,000 for a couple then there will
be no income taxes paid. Based on the tax record in 2014 5555 Chicago was the
place of residence and in 2013 4444 N. Chicago Avenue was the place of
residence.