1. The following additional information is available for the family of Albert and Allison Gaytor. In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc. (hint: slightly modified from Chapter 1): 266-51-1966 60-3456789 ben senast e 66,850.00 66,850.00 66,850.00 file. 5.780.00 4.144.70 Coconut Grove Fishing Charters 2432 Bay Blvd. Coconut Grove, FL 33133 1 969.33 DD 8,400.00 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Parking $1,440.00 ZP code FLI IALS Wage and Tax W-2 ere Deput there 2018 Statement Copy B-To Be Fled With Employee's FEDERAL Tax Retur. This information is being lumised to the Intemal Revenue Service In addition to the interest from Chapter 1, Albert and Allison also received three Forms 1099: CORRECTED (f checked ntry, Payer's National PAYERS poto and , Gro phone w OMB No 1545-0112 pri 2018 Interest Income Florida Electric Company 100 Palm Boulevard Jupiter, FL 33458 670.33 To 1099-INT Copy B For Recipient 59-0247776 266-51-1966 San Benderse This important tax Albert T. Gaytor peng e d to the RS. you are required to um a nice 12340 Cocoshell Road imposed on you Coral Gables, FL 33134 taxable and the RS not been reported eja Form 1099-INT op for your records) www.gouf T w o ther m al PAYERS y r i CORRECTED (f checked a Total adinary vidende s 1.025.00 2018 Dividends and Distributions Everglades Bank Corporation 1500 S. Krome Ave. Homestead, FL 33034 s 1.025.00 om 1099-ON Copy B For Recipient 57-4443344 266-34-1967 Allison Gaytor 7 Foren te pa 12340 Cocoshell Rd. daromade Coral Gables, FL 33134 FATCA 1 Empire dividende 12 Specified bond i s ett dividende A ctions Form 1099-DIV keep for your records) www. goufom10990 Department of the Treasury Revenue Service OMB No. 1543-0110 CORRECTED (if checked PAVERS , www .aty or town, sale or province, country, 2Pta Total ordinary dividende or foreign postal d eponere 160.00 Grapefruit Mutual Fund Tb Quid dividende 1500 S. Orange Blossom Trail Orlando, FL 32809 2a Totalt gandit 2018 Dividends and Distributions Form 1099 DIV 2b Unca.Sec. 1250 gan Copy B For Recipient EGPENIS TIN PAYERS TIN 51-3334433 266-34-1967 Allison Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Form 1099-DIV op for your records The Gaytors also received interest of $745 from bonds issued by the Miami-Dade County Airport Authority (Form 1099 not shown). Albert went to the casino on his birthday and won big, as reflected on the following Form W-2G: PAVERS 1 CORRECTED (if checked Reporting 6,000.00 KENO 9/22/2018 Mikkosukee Resort and Gaming 1321 Tamiami Hwy. Miami, FL 33194 1.600.00 2018 Form W-2G Certain Gambling Winnings 22-7777777 305-555-1212 The woman 266-51-1966 Albert Gaytor CopyB Report this incom 12340 Cocoshell Road DF124562 wwform Coral Gables, FL 33134 box 4 ch this copy to your retum de pro duct to the best of my knowledge and be there and tradition the Fem W2G Albert had no other gambling income or losses for the year. In February, Allison received $50,000 in life insurance proceeds from the death of her friend, Sharon. In July, Albert's uncle Ivan died and left him real estate (undeveloped land) worth $72,000. Five years ago, Albert and Allison divorced. Albert married Iris, but the marriage did not work out and they divorced a year later. Under the 2014 divorce decree, Albert pays Iris $11,500 per year in alimony. All payments were on time in 2018 and Iris' Social Security number is 667-34-9224. Three years ago, Albert and Allison were remarried. Coconut Fishing Charters, Inc. pays Albert's captain's license fees and membership dues to the Charter Fisherman's Association. During 2018, Coconut Fishing paid $1,300 for such dues and fees for Albert. Allison was laid off from her job on January 2, 2018. She received a Form 1099-G for unemployment benefits: CORRECTED fif checked MES skyro, princ, country Unit come OM1545-0120 4,000.00 2018 Certain Government Payments ratud, condits are 1099 G Florida Dept. of Econ. Opportunity PO Box 5250 Tallahassee, FL 32314-5250 PAVERSTIN 21-5556666 266-34-1967 NEOPENTS Allison Gaytor $ 150.00 Copy For Recipient 12340 Cocoshell Rd. Coral Gables, FL 33134 Fan 1000-G Albert and his family are covered by an employee-sponsored health plan at his work. Coconut Fishing pays $700 per month in premiums for Albert and his family. During the year, Allison was in the hospital for appendix surgery. The bill for the surgery was $10,100 of which the health insurance reimbursed Albert the full $10,100. Coconut Fishing also pays for Albert's parking at the marina. The monthly cost is $120. Required: Combine this new information about the Gaytor family with the information from Chapter 1 and complete a revised 2018 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters. 1. The following additional information is available for the family of Albert and Allison Gaytor. In 2018, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc. (hint: slightly modified from Chapter 1): 266-51-1966 60-3456789 ben senast e 66,850.00 66,850.00 66,850.00 file. 5.780.00 4.144.70 Coconut Grove Fishing Charters 2432 Bay Blvd. Coconut Grove, FL 33133 1 969.33 DD 8,400.00 Albert T. Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Parking $1,440.00 ZP code FLI IALS Wage and Tax W-2 ere Deput there 2018 Statement Copy B-To Be Fled With Employee's FEDERAL Tax Retur. This information is being lumised to the Intemal Revenue Service In addition to the interest from Chapter 1, Albert and Allison also received three Forms 1099: CORRECTED (f checked ntry, Payer's National PAYERS poto and , Gro phone w OMB No 1545-0112 pri 2018 Interest Income Florida Electric Company 100 Palm Boulevard Jupiter, FL 33458 670.33 To 1099-INT Copy B For Recipient 59-0247776 266-51-1966 San Benderse This important tax Albert T. Gaytor peng e d to the RS. you are required to um a nice 12340 Cocoshell Road imposed on you Coral Gables, FL 33134 taxable and the RS not been reported eja Form 1099-INT op for your records) www.gouf T w o ther m al PAYERS y r i CORRECTED (f checked a Total adinary vidende s 1.025.00 2018 Dividends and Distributions Everglades Bank Corporation 1500 S. Krome Ave. Homestead, FL 33034 s 1.025.00 om 1099-ON Copy B For Recipient 57-4443344 266-34-1967 Allison Gaytor 7 Foren te pa 12340 Cocoshell Rd. daromade Coral Gables, FL 33134 FATCA 1 Empire dividende 12 Specified bond i s ett dividende A ctions Form 1099-DIV keep for your records) www. goufom10990 Department of the Treasury Revenue Service OMB No. 1543-0110 CORRECTED (if checked PAVERS , www .aty or town, sale or province, country, 2Pta Total ordinary dividende or foreign postal d eponere 160.00 Grapefruit Mutual Fund Tb Quid dividende 1500 S. Orange Blossom Trail Orlando, FL 32809 2a Totalt gandit 2018 Dividends and Distributions Form 1099 DIV 2b Unca.Sec. 1250 gan Copy B For Recipient EGPENIS TIN PAYERS TIN 51-3334433 266-34-1967 Allison Gaytor 12340 Cocoshell Road Coral Gables, FL 33134 Form 1099-DIV op for your records The Gaytors also received interest of $745 from bonds issued by the Miami-Dade County Airport Authority (Form 1099 not shown). Albert went to the casino on his birthday and won big, as reflected on the following Form W-2G: PAVERS 1 CORRECTED (if checked Reporting 6,000.00 KENO 9/22/2018 Mikkosukee Resort and Gaming 1321 Tamiami Hwy. Miami, FL 33194 1.600.00 2018 Form W-2G Certain Gambling Winnings 22-7777777 305-555-1212 The woman 266-51-1966 Albert Gaytor CopyB Report this incom 12340 Cocoshell Road DF124562 wwform Coral Gables, FL 33134 box 4 ch this copy to your retum de pro duct to the best of my knowledge and be there and tradition the Fem W2G Albert had no other gambling income or losses for the year. In February, Allison received $50,000 in life insurance proceeds from the death of her friend, Sharon. In July, Albert's uncle Ivan died and left him real estate (undeveloped land) worth $72,000. Five years ago, Albert and Allison divorced. Albert married Iris, but the marriage did not work out and they divorced a year later. Under the 2014 divorce decree, Albert pays Iris $11,500 per year in alimony. All payments were on time in 2018 and Iris' Social Security number is 667-34-9224. Three years ago, Albert and Allison were remarried. Coconut Fishing Charters, Inc. pays Albert's captain's license fees and membership dues to the Charter Fisherman's Association. During 2018, Coconut Fishing paid $1,300 for such dues and fees for Albert. Allison was laid off from her job on January 2, 2018. She received a Form 1099-G for unemployment benefits: CORRECTED fif checked MES skyro, princ, country Unit come OM1545-0120 4,000.00 2018 Certain Government Payments ratud, condits are 1099 G Florida Dept. of Econ. Opportunity PO Box 5250 Tallahassee, FL 32314-5250 PAVERSTIN 21-5556666 266-34-1967 NEOPENTS Allison Gaytor $ 150.00 Copy For Recipient 12340 Cocoshell Rd. Coral Gables, FL 33134 Fan 1000-G Albert and his family are covered by an employee-sponsored health plan at his work. Coconut Fishing pays $700 per month in premiums for Albert and his family. During the year, Allison was in the hospital for appendix surgery. The bill for the surgery was $10,100 of which the health insurance reimbursed Albert the full $10,100. Coconut Fishing also pays for Albert's parking at the marina. The monthly cost is $120. Required: Combine this new information about the Gaytor family with the information from Chapter 1 and complete a revised 2018 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters