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Required: Complete the Gomez's federal tax return for 2020 on Form 1040 and Schedule 1. 2B. Carl Conch and Mary Duval are married and
Required: Complete the Gomez's federal tax return for 2020 on Form 1040 and Schedule 1. 2B. Carl Conch and Mary Duval are married and file a joint return. Carl works for the Key Lime Pie Company and Mary is unemployed after losing her job in 2019. Carl's birth- date is June 14, 1975 and Mary's is October 2, 1975. Carl's earnings are reported on the following Form W-2: ter 2 Gross Income and Exclusions b Employer identification number (EIN) 61-7654321 e Employer's name, address, and ZIP code Key Lime Pie Company 223 Key Deer Blvd. Big Pine Key, FL 33043 d Control number e Employee's first name and initial Carl Conch 1234 Mallory Square, Apt. #64 Key West, FL 33040 f Employee's address and ZIP code 15 State Employer's state ID number FL | a Employee's social security number 835-21-5423 Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Coral Reef Bank 3102 Simonton Street Key West, FL 33040 PAYER'S TIN 31-1234444 Last name Street address (including apt. no.) 1234 Mallory Sq. #64 Account number (see instructions) RECIPIENT'S name Mary Duval and Carl Conch Form 1099-INT RECIPIENT'S TIN 633-65-7912 City or town, state or province, country, and ZIP or foreign postal code Key West, FL 33040 OMB No. 1545-0008 Carl and Mary received the following Form 1099: CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP Payer's RTN (optional) or foreign postal code, and telephone no. 16 State wages, tips, etc. 17 State income tax (keep for your records) 1 Wages, tips, other compensation 67,894.88 3 Social security wages 67,894.88 5 Medicare wages and tips 67,894.88 7 Social security tips. 9 Suff. 11 Nonqualified plans 13 Statutory employee Safe, accurate, se FAST! Use 14 Other Parking $1,680.00 2020 FATCA filing $ requirement 1 Interest income 426.19 $ 2 Early withdrawal penalty $ 10 Market discount Retirement Third-party sick pay 14 Tax-exempt and tax credit bond CUSIP no. file 2 Federal income tax withheld 6,232.00 www.irs.gov/Form1099INT 4 Social security tax withheld 4,209.48 6 Medicare tax withheld. 984.48 18 Local wages, tips, etc. 19 Local income tax 8 Allocated tips 10 Dependent care benefits 12a See instructions for box 12 240.00 12b ? 12c 12d S 3 Interest on U.S. Savings Bonds and Treas. obligations $ 11 Bond premium OMB No. 1545-0112 $ 4 Federal income tax withheld 5 Investment expenses $ 6 Foreign tax paid $ 8 Tax-exempt interest Visit the IRS website a www.irs.gov/efile Department of the Treasury-Internal Revenue Service 2020 Form 1099-INT 7 Foreign country or U.S. possession 9 Specified private activity bond interest $ 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond S $ 15 State 16 State identification no. 20 Locality name Interest Income Copy B For Recipient This is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the determines that it has not been reported. 17 State tax withheld $ S Department of the Treasury - Internal Revenue Service Mary is divorced and she pays her ex-husband (Tom Tortuga) child support. Pursuant to their January 12, 2017 divorce decree, Mary pays Tom $500 per month in child support. All payments were made on time in 2020. In June 2020, Mary's father gave her a cash gift of $75,000. Mary also received unemployment compensation as shown on the following Form 1099-G: CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP 1 Unemployment compensation OMB No. 1545-0120 or foreign postal code, and telephone no. 3,100.24 2020 Florida Dept. of Econ. Opportunity 107 E. Jefferson Blvd. Tallahassee, FL 32399 PAYER'S TIN 21-5556666 RECIPIENT'S name Mary Duval RECIPIENT'S TIN 633-65-7912 Street address (including apt. no.) 1234 Mallory Square Apt 64 City or town, state or province, country, and ZIP or foreign postal code Key West, FL 33040 Account number (see instructions) Form 1099-G (keep for your records) S 2 State or local income tax refunds, credits, or offsets S 3 Box 2 amount is for tax year 5 RTAA payments S 7 Agriculture payments IS 9 Market gain S 10a State Form 1099-G 4 Federal income tax withheld S 180.00 6 Taxable grants S 8 If checked, box 2 is trade or business income www.irs.gov/Form 1099G m 10b State identification no. 11 State income tax withheld S Certain Government Payments Copy B For Recipient This is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. IS Department of the Treasury - Internal Revenue Service Mary won a $800 prize in a women's club raffle in 2020. No income tax was withheld from the prize. The Key Lime Pie Company provides Carl with a company car to drive while he is working. The Company spent $6,475 to maintain this vehicle during 2020. Carl never uses the car for personal purposes. The Key Lime Pie Company also provides a cafete- ria for all employees on the factory premises. Other restaurants exist in the area and so Carl is not required to eat in the cafeteria, but he typically does. The value of Carl's meals is $650 in 2020. Carl and Mary received a $2,400 EIP in 2020. Required: Complete Carl and Mary's federal tax return for 2020 on Form 1040 and Schedule 1.
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