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   *                      1987 FEDERAL TAX TEMPLATE                       *
   *                          LESLIE A. WHEELER                           *
   *     1295 Sobre Vista * Sonoma, California 95476  *  707/996-5129     *
   *                      [ Last Updated: 12/05/87 ]                      *
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        THIS LOTUS 1-2-3 WORKSHEET IS FOR RELEASE 2.0 AND HIGHER ONLY
        =============================================================

   DISTRIBUTION
   ------------
   This template is being distributed as SHAREWARE, not FREEWARE.  After
   you try it out, if you decide you don't like it or can't use it, erase it
   and you owe nothing.  But, if use/keep it, then send me $25 ($125 if you
   use it to prepare tax returns for a fee).  For the few honest registered
   users of FEDTAX86, the price is $10 ($50 for commercial preparers).  You
   may give unmodified copies to anyone and post this on bulletin boards as
   long as this READ_ME.TXT file accompanies the copy.

   DESCRIPTION
   -----------
   This template includes the following 1987 Federal tax forms:  Form 1040,
   pages 1 & 2; Schedules A, B, C, D, & E; and Form 8598 (Computation of
   Deductible Home Mortgage Interest).  User menus are provided to move from
   form to form (ALT-M), and to make use of print macros to selectively print 
   the forms (ALT-P).

   Global protection is enabled and recalculation is automatic.  You merely
   move from cell to cell, entering your figures in the unprotected cells;
   totals are summed and taxes are calculated instantaneously.  A window at
   the bottom of the screen constantly displays your Adjusted Gross Income,
   Taxable Income, Total Tax, Total Payments, and the Refund Due You or the
   Amount Due to IRS.   

   HIGHLIGHTS
   ----------
   SCHEDULE D, CAPITAL GAINS AND LOSSES - After completing Parts I and II,
   the Alternative Tax Computation at Part IV is performed automatically.
   And, if this results in a lesser tax than that calculated from the Rate
   Schedule or Tax Table, the Alternative Tax amount is used on Form 1040,
   page 2.  Capital Loss Carryovers, if any, from 1987 to 1988 are also
   calculated automatically.

   STANDARD DEDUCTION - If you do not itemize deductions on Schedule A, the
   appropriate Standard Deduction is selected based on your Filing Status,
   whether or not you or your spouse are over 65 years old and/or blind, and
   whether you can be claimed as a dependent on someone else's return.

   FORM 8598, DEDUCTIBLE HOME MORTGAGE INTEREST - This is a new form for 1987.
   Normally, if you DIDN'T take out a home mortgage for purposes other than to
   buy your home OR refinance OR borrow additional amounts after 8/16/86,
   you wouldn't use this form.  But, for purposes of this template, YOU MUST
   COMPLETE PART I---the deductible interest on Schedule A comes from this
   form.  Also note: if you do complete Part II, make sure Part III lines 15
   and 16 are both $0.  Likewise if you complete Part III, make sure Part II
   lines 7 and 8 are both $0.

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   FINALLY, remember FEDTAX87 is NOT your CPA, accountant, or  commercial tax 
            return preparer  ----  it is just a very fast and sometimes smart
            adding machine. It's your responsibility to know enough about the
            rules and regulations to put the right amounts on the right lines
            in the right forms.
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