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Video instructions and help with filling out and completing schedule b-2 form 1065
That pay so line tens us to add line seven eight nine and this is your total payments and credits well obviously we're not adding anything to it so we're going to simply just keep the five thousand four hundred and eighty dollars we're going to go ahead and move down a little bit let's move our screen up on line 11 it says use the amount on line 6 above to find your tax in the tax table on pages 27 through 35 of the instructions okay this is where you're going to use the 2009 tax return that looks like this that you guys all should have used in the first section that we had so we're going to take this table and we are going to flip and if you notice hold on the camera might get degree here for a second but if you notice on each of the pages there's a block of amounts so this is like the 4000 block well we're going to look for the 28000 block so we're going to flip our pages bear with me for just a moment so here we have we have found the 28000 block on our 2009 tax table and in the 28000 block we want to find that they spent he paid I'm sorry his taxable income is 28 thousand six hundred and forty dollars so 20,000 so he's a he's made at least 28 thousand six hundred but less than 28,000 650 he is filing single so right here we're going to type in three thousand eight hundred and sixty nine dollars is how much he should have paid in taxes okay I'm going to go ahead and put the camera back so that we can see our tax table I mean our tax return going to go in a little bit so you can once again see what we're doing here so online online number 11 we are going to type in from our tax table 3876 dollars 3876 dollars we're going to go on down to the next line and it says if line 10 is larger than line 11 subtract line 11 from line 10 and this is your refund but we can see that line 10 is larger than line 11 so we are going to be getting a refund while Daniel P Andrews will be getting a refund so we take 5480 and subtract 3876 dollars and so Daniel P Andrews will be getting a refund of 1604 dollars because he overpaid so now that we know how much I refund is we've got to figure out how we want a refund it's look the great thing is that you can have this deposited strict straight into your checking account so you need to make sure you figured this out we're just going to type in some random numbers will just type 1 2 5 6 7 8 9 54 ok we're going to pretend that this