2B. Warner and Augustine Robins, both 33 years old, have been married for 9 years and have no dependents. Warner is the president of Dragon Lady Corporation located in Macon. The Dragon Lady stock is owned 40 percent by Warner, 40 percent by Augustine, and 20 percent by Warner's father. Warner and Augustine received the following tax documents: 2 a Lmployee's SOCH Becurity numbe 798-09-8526 b Employer Identification number EN 43-4321567 c Employer's name, address, and ZIP code Dragon Lady Corp. 1670 Eisenhower Pkwy. Macon, GA 31206 Sale, accurate. RSA OMD No. 1546 0003 FASTI USO e Wages, lps, onher compensation 152,000.00 350 Sunty waces 128,400.00 5 Medicare wages and to 152,000.00 7 sodal security tips Visit the ins website at file fille ww www.g e Federal income tax withheld 8.000.00 4 SOCIE sc unity tax witnes 7,960.80 6 Med care tax withheld 2,204.00 @ Allocated tips d Corto number 9 Verfication code 10 Dependent care benefts e Employee's first name and initial Last name Suf. 11 Nonqualfied plans 12a See ir structors for box 12 ma Trindary Warner Robins 638 Russell Parkway Macon, GA 31207 14 Other f Employee's address and ZIP code 15 State Employer's state ID numbe GAI 16 State Wages, tips, ed. 17 State Income tax 18 Local wages, tips dc. 19 Local income tax 20 Locaten 152,000.00 4,000.00 WW2 Wage and Tax Department of the Treasury Internal RAVANIA Service 2018 Form W L Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service OMB No. 1545-0112 CORRECTED (if checked) PAYERS rame, street address, city or to state or province, country, ZIPPaver's R" optional ne fornign postalde, ard telephone nn. Georgia National Bank 1 Interest income 520 Walnut Street Macon, GA 31201 500.00 2 Carly withrawul perly 2018 Interest Income Form 1099-INT Copy B PAYER'S TIN 23-8787878 RECIPIENTS IN 445-81-1423 s 300.00 Interest on JS Savings Rands and Trans obligatiars For Recipient RECIPIENT'S 4 Federal income tax with Investment experses This s important tax Infomaton and is Augustine & Warner Robins being furnished to the Borax pad 7 Hreynerjir S. p IRS. If you are Strelacis including apt, no.) required to file a & Tax cxcmat interest 638 Russell Pkwy 9 Specified private try bond return, a negligence penalty or other sancton may be City or own state or province, country, and ZIP or foreign postalacde imposed on you if 10 Market discount this Income is 11 Bond premium taxable and the IRS determines that it has FATCA ingls not been reported. requirement 12 Bordpremiun Traurybin13 Bore premium on tas-cort bond Macon, GA 31207 Account number 300 Instructors 14 Taxom and tax credit band CL. SIP 15 Stato 17 state tax winnel Form 1099-INT keep for your records) www.scow Form OSANT Department of the Treasury - Interna RAVUA SANICA 2018 Mortgage Interest Statement 0 CORRECTED (if checked) RECIPIENTS/LENDER'S name Street address, city or town, state or 'Caution: The amount shown mayl OMB No. 1545-0901 province, country, ZIP or foreign postal code, and telephone no. not be fully deductible by you. Limits based on the loan amount and the cost and value of the Georgia National Bank secured property may apply. Also, 520 Walnut Street you may only deduct interest to the extent it was incurred by you, actually paid by you, and not Macon, GA 31201 reimbursed by another person. Form 1098 1 Mortgage interest received from payer(s)/borrower(s)* $ 35,000.00 RECIPIENT'S/LENDER'S TIN PAYER'S/BORROWER'STIN 2 Outstanding mortgage 3 Mortgage origination date principal as of 1/1/2018 $ 870,000.00 | 10/13/2010 4 Refund of over paid 5 Mortgage Insurance interest premiums PAYER'S/BORROWER'S name Warner & Augustine Robins 6 Points paid on purchase of principal residence Copy B For Payer/ Borrower 23-8787878 798-09-8526 Street address (including apt. no.) 638 Russell Parkway 7 X If address of property securing mortgage is the same as PAYER'S/BORROWER'S address, the box is checked, or the address or description is entered in bax 8. The information in boxes 1through 9 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 the IAS determines that an underpayment of tax results because you overstated a deduction for this mortgage interest or for these points, reported in boxes 1 and 6 or because you didn't report the refund of interest (box 4); or because you claimed a nondeductible item. City or town, state or province, country, and ZIP or foreign postal code Macon, GA 31207 B Address or description of property securing mortgage (see instructions 9 Number of properties securing the 10 Other mortgage Prop tax 6,650.00 Account number (see instructions) Form 1098 Keep for your records) www.irs.gov/Form 1098 Department of the Treasury - Internal Revenue Service Macon Museum of Arts 3231 Vineville Ave. Macon, GA 31204 November 23, 2018 Mr. and Mrs. Warner and Augustine Robins 628 Russell Parkway Macon, GA 31207 Dear Mr. and Mrs. Robins: Thank you for your contribution of the original album cover art for the Almond Sisters Band to the Macon Museum of Arts. This gift supports the Macon Museum's efforts to bring original and locally-sourced art work to Macon. This continuing support will guarantee our ability to display Almond Sister art work for many years to come. We have attached a copy of the appraiser's market valuation. Her analysis estimates the value of the painting at $34,505. Please keep this written acknowledgement of your donation for your tax records. As a token of our appreciation for your support, we have mailed you the Macon Museum tote bag. We estimate the value of the tote bag to be $5. We are required to inform you that your federal income tax deduction for your contribution is the amount of your contribution less the value of the tote bag. Thank you for your continuing support for our important work in this field! Please retain this letter as proof of your charitable contribution. Thank you for helping us to help veterans. Sincerely, Jack T. Mann Jack T. Mann Art Development Officer Employer Identification Number 22-1234567 Macon Museum of Arts is a registered 501(c)(3) corporation The Robins paid the following amounts (all can be substantiated): General state sales tax 2,120 Auto loan interest 4,800 Medical insurance 10,400 Income tax preparation fee 750 Charitable contributions in cash: Church 2,600 Tree Huggers Foundation (a qualified charity) 3,000 Central Georgia Technical University 5,000 Safe-deposit box 300 The tax basis for the donated painting is $25,000 and the painting has been owned by Warner and Augustine for 5 years. Dragon Lady does not cover health insurance for its employees. In addition to Warner and Augustine's health insurance premiums shown above, Augustine required surgery which cost $6,720 for which only $3,100 was covered by insurance. Warner had to drive Augustine 300 miles each way to a surgical center. On January 1, 2018, Warner sold land to Dragon Lady Corporation for $75,000. He acquired the land 5 years ago for $160,000. No Form 1099-B was filed for this transaction. Dragon Lady Corporation does not have a qualified pension plan or Section 401(k) plan for its employees. Therefore, Warner deposited $11,000 ($5,500 each) into traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work). Required: Complete the Robins'federal tax return for 2018. Use Form 1040, Schedule 1, Schedule A, Schedule D, and Form 8949 to complete this tax return. Make realistic as- sumptions about any missing data and ignore any alternative minimum tax. Do not complete Form 8283, which is used when large noncash donations are made to charity. 2B. Warner and Augustine Robins, both 33 years old, have been married for 9 years and have no dependents. Warner is the president of Dragon Lady Corporation located in Macon. The Dragon Lady stock is owned 40 percent by Warner, 40 percent by Augustine, and 20 percent by Warner's father. Warner and Augustine received the following tax documents: 2 a Lmployee's SOCH Becurity numbe 798-09-8526 b Employer Identification number EN 43-4321567 c Employer's name, address, and ZIP code Dragon Lady Corp. 1670 Eisenhower Pkwy. Macon, GA 31206 Sale, accurate. RSA OMD No. 1546 0003 FASTI USO e Wages, lps, onher compensation 152,000.00 350 Sunty waces 128,400.00 5 Medicare wages and to 152,000.00 7 sodal security tips Visit the ins website at file fille ww www.g e Federal income tax withheld 8.000.00 4 SOCIE sc unity tax witnes 7,960.80 6 Med care tax withheld 2,204.00 @ Allocated tips d Corto number 9 Verfication code 10 Dependent care benefts e Employee's first name and initial Last name Suf. 11 Nonqualfied plans 12a See ir structors for box 12 ma Trindary Warner Robins 638 Russell Parkway Macon, GA 31207 14 Other f Employee's address and ZIP code 15 State Employer's state ID numbe GAI 16 State Wages, tips, ed. 17 State Income tax 18 Local wages, tips dc. 19 Local income tax 20 Locaten 152,000.00 4,000.00 WW2 Wage and Tax Department of the Treasury Internal RAVANIA Service 2018 Form W L Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service OMB No. 1545-0112 CORRECTED (if checked) PAYERS rame, street address, city or to state or province, country, ZIPPaver's R" optional ne fornign postalde, ard telephone nn. Georgia National Bank 1 Interest income 520 Walnut Street Macon, GA 31201 500.00 2 Carly withrawul perly 2018 Interest Income Form 1099-INT Copy B PAYER'S TIN 23-8787878 RECIPIENTS IN 445-81-1423 s 300.00 Interest on JS Savings Rands and Trans obligatiars For Recipient RECIPIENT'S 4 Federal income tax with Investment experses This s important tax Infomaton and is Augustine & Warner Robins being furnished to the Borax pad 7 Hreynerjir S. p IRS. If you are Strelacis including apt, no.) required to file a & Tax cxcmat interest 638 Russell Pkwy 9 Specified private try bond return, a negligence penalty or other sancton may be City or own state or province, country, and ZIP or foreign postalacde imposed on you if 10 Market discount this Income is 11 Bond premium taxable and the IRS determines that it has FATCA ingls not been reported. requirement 12 Bordpremiun Traurybin13 Bore premium on tas-cort bond Macon, GA 31207 Account number 300 Instructors 14 Taxom and tax credit band CL. SIP 15 Stato 17 state tax winnel Form 1099-INT keep for your records) www.scow Form OSANT Department of the Treasury - Interna RAVUA SANICA 2018 Mortgage Interest Statement 0 CORRECTED (if checked) RECIPIENTS/LENDER'S name Street address, city or town, state or 'Caution: The amount shown mayl OMB No. 1545-0901 province, country, ZIP or foreign postal code, and telephone no. not be fully deductible by you. Limits based on the loan amount and the cost and value of the Georgia National Bank secured property may apply. Also, 520 Walnut Street you may only deduct interest to the extent it was incurred by you, actually paid by you, and not Macon, GA 31201 reimbursed by another person. Form 1098 1 Mortgage interest received from payer(s)/borrower(s)* $ 35,000.00 RECIPIENT'S/LENDER'S TIN PAYER'S/BORROWER'STIN 2 Outstanding mortgage 3 Mortgage origination date principal as of 1/1/2018 $ 870,000.00 | 10/13/2010 4 Refund of over paid 5 Mortgage Insurance interest premiums PAYER'S/BORROWER'S name Warner & Augustine Robins 6 Points paid on purchase of principal residence Copy B For Payer/ Borrower 23-8787878 798-09-8526 Street address (including apt. no.) 638 Russell Parkway 7 X If address of property securing mortgage is the same as PAYER'S/BORROWER'S address, the box is checked, or the address or description is entered in bax 8. The information in boxes 1through 9 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 the IAS determines that an underpayment of tax results because you overstated a deduction for this mortgage interest or for these points, reported in boxes 1 and 6 or because you didn't report the refund of interest (box 4); or because you claimed a nondeductible item. City or town, state or province, country, and ZIP or foreign postal code Macon, GA 31207 B Address or description of property securing mortgage (see instructions 9 Number of properties securing the 10 Other mortgage Prop tax 6,650.00 Account number (see instructions) Form 1098 Keep for your records) www.irs.gov/Form 1098 Department of the Treasury - Internal Revenue Service Macon Museum of Arts 3231 Vineville Ave. Macon, GA 31204 November 23, 2018 Mr. and Mrs. Warner and Augustine Robins 628 Russell Parkway Macon, GA 31207 Dear Mr. and Mrs. Robins: Thank you for your contribution of the original album cover art for the Almond Sisters Band to the Macon Museum of Arts. This gift supports the Macon Museum's efforts to bring original and locally-sourced art work to Macon. This continuing support will guarantee our ability to display Almond Sister art work for many years to come. We have attached a copy of the appraiser's market valuation. Her analysis estimates the value of the painting at $34,505. Please keep this written acknowledgement of your donation for your tax records. As a token of our appreciation for your support, we have mailed you the Macon Museum tote bag. We estimate the value of the tote bag to be $5. We are required to inform you that your federal income tax deduction for your contribution is the amount of your contribution less the value of the tote bag. Thank you for your continuing support for our important work in this field! Please retain this letter as proof of your charitable contribution. Thank you for helping us to help veterans. Sincerely, Jack T. Mann Jack T. Mann Art Development Officer Employer Identification Number 22-1234567 Macon Museum of Arts is a registered 501(c)(3) corporation The Robins paid the following amounts (all can be substantiated): General state sales tax 2,120 Auto loan interest 4,800 Medical insurance 10,400 Income tax preparation fee 750 Charitable contributions in cash: Church 2,600 Tree Huggers Foundation (a qualified charity) 3,000 Central Georgia Technical University 5,000 Safe-deposit box 300 The tax basis for the donated painting is $25,000 and the painting has been owned by Warner and Augustine for 5 years. Dragon Lady does not cover health insurance for its employees. In addition to Warner and Augustine's health insurance premiums shown above, Augustine required surgery which cost $6,720 for which only $3,100 was covered by insurance. Warner had to drive Augustine 300 miles each way to a surgical center. On January 1, 2018, Warner sold land to Dragon Lady Corporation for $75,000. He acquired the land 5 years ago for $160,000. No Form 1099-B was filed for this transaction. Dragon Lady Corporation does not have a qualified pension plan or Section 401(k) plan for its employees. Therefore, Warner deposited $11,000 ($5,500 each) into traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work). Required: Complete the Robins'federal tax return for 2018. Use Form 1040, Schedule 1, Schedule A, Schedule D, and Form 8949 to complete this tax return. Make realistic as- sumptions about any missing data and ignore any alternative minimum tax. Do not complete Form 8283, which is used when large noncash donations are made to charity