Tutorial

This tutorial just runs through several simple computations. This gives you several simple computations to use as examples. It will be easier for you if you print out each sample computation so you can follow it as to follow the steps with your computer.

Before you run any computations, several things should be accomplished.

Install Inter-Est

Follow the instructions for installing Inter-Est.

Set Default Options

You should set the default case options before you create you first case file. From the Options Menu set the Computation Method, Rounding option and the AutoCompute option. To start set the Computation Method to Guess, set the rounding method to nearest cent, and set the AutoCompute option to on.

Select a Printer Font

Select Printer Font from the File Menu and select a sutable font. Do not select a fancy or unusual font. Select a simple font in 10 or 11 point.

Once these setting are set in a satisfactory manner, it is time to try a simple computation.

Sample Computations:

Example One (MD & Interest)

Computation with a marital deduction out of residue and a simple interest deduction.

Example Two (Charitable Deduction)

Computation with charitable deduction out of residue.

Example Three (Complex Option) - Simple Apportionment

Computation with charitable deduction out of residue and a simple apportionment problem.

Example Four (Interrelated Attorney's Fees)

Simple extension of Example Three with the added problem that the attorney received a fee based upon one-third of the taxes saved by going up on appeal.

Example Five (Typical Computation)

Computation with a credit for tax on prior transfers, interest deduction marital and charitable bequest out of residue and a State tax computation.

Example Six (Simple Sec. 6166 Interest Computation)

A simple Sec. 6166 computation.

Example Seven (Sec. 6166 Interest - Additional Payment)

An additional payment was made using the fact situation of Example Six.

Example Eight (Sec, 6166 Interest - More Payments)

Some more payments were made using the fact situation of Example Six and Example Seven.

Example Nine (Sec. 6166 Interest - IRS takes hard position)

An example with the state death tax credit limited to amount paid to the state, restricted interest asserted, an election to extend state payments and an election to accept the new 2% rate.

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Cecil Cammack, Jr. dba
Cammack Computations Co.
P. O. Box 725, Cleburne, TX 76033
Voice: 1 (800) 594-5826
Email: cammack@inter-est.com
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