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Frederick Freddy Free weights age 42 owns and operates a health club called Treadmills West The business is located at 4321 Arnold Street Alpine CA 91901 Freddy had the following income

Frederick (Freddy) Free weights (age 42) owns and operates a health club called ‘‘Treadmills West.’’ The business is located at 4321 Arnold Street, Alpine, CA 91901. Freddy had the following income and expenses from the health club:

The business uses the cash method of accounting and has no accounts receivable or inventory held for resale. Freddy has the following interest income for the year:

Freddy has been a widower for 10 years with a dependent son, Arnold (Social Security number 276-23-3954), and he files his tax return as head-of-household. Arnold is an 18-year-old high school student; he does not qualify for the child credit. They live next door to the health club at 4323 Arnold Street. Freddy does all the administrative work for the health club out of an office in his home. The room is 150 square feet and the house has a total of 1,800 square feet. Freddy pays $20,000 per year in rent and $4,000 in utilities. Freddy’s Social Security number is 565-12-6789. He made an estimated tax payment to the IRS of $1,000 on April 15, 2010.

Apr 29 2020 View more View Less

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