a Employee's social security number 266-15-1966 OMB No. 1545-0008 b Employer identification number (EIN) 60-3456789 c Employer's name, address, and ZIP code Kissimmee Airlines, Inc. 2432 Bay Blvd. Kissimmee, FL 34741 d Control number e Employee's first name and initial Last name Alexander T. Smith 1234 Buena Vista Drive Orlando, FL 32830 Safe, accurate, FAST! Use IRS ase file 1 Wages, tips, other compensation 63,900.00 3 Social security wages 67,172.00 5 Medicare wages and tips 67,172.00 7 Social security tips 9 Verification code Suff. 11 Nonqualified plans 13 Statutory employee 14 Other Visit the IRS website at www.irs.gov/efile 2 Federal income tax withheld 6,010.00 4 Social security tax withheld 4,164.66 6 Medicare tax withheld 973.99 8 Allocated tips 10 Dependent care benefits 12a See instructions for box 12 D e Retirement plan Third-party sick pay 12b e 12c 3,272.00 12d f Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name FL 2021 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. Department of the Treasury-Internal Revenue Service 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. OMB No. 1545-0112 Orlando National Bank 2021 1 Interest income 9871 Disney Way Orlando, FL 32801 Interest Income 1,500.76 $ Form 1099-INT 2 Early withdrawal penalty PAYER'S TIN 60-7654321 RECIPIENT'S TIN $ Copy B For Recipient 3 Interest on U.S. Savings Bonds and Treas. obligations 266-15-1966 $ RECIPIENT'S name Alexander T. Smith Street address (including apt. no.) 1234 Buena Vista Drive $ 6 Foreign tax paid $ 8 Tax-exempt interest City or town, state or province, country, and ZIP or foreign postal code Orlando, FL 32830. $ $ 10 Market discount 11 Bond premium FATCA filing $ requirement $ Account number (see instructions) Form 1099-INT (keep for your records) www.irs.gov/Form1099INT 4 Federal income tax withheld 5 Investment expenses $ 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond $ 14 Tax-exempt and tax credit bond CUSIP no. 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. $ 15 State 16 State identification no. 17 State tax withheld $ $ Department of the Treasury - Internal Revenue Service 7 Foreign country or U.S. possession 9 Specified private activity bond interest CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. Disney Parking Corporation 1500 Reams Rd. Lake Buena Vista, FL 32830 PAYER'S TIN 57-4443344 1,604.00 $ 1b Qualified dividends OMB No. 1545-0110 2021 Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ 900.00 $ 2a Total capital gain distr. $ RECIPIENT'S TIN 2c Section 1202 gain 2d Collectibles (28%) gain 266-34-1967 $ Dividends and Distributions Copy B For Recipient RECIPIENT'S name Allison Smith Street address (including apt. no.) 1234 Buena Vista Drive City or town, state or province, country, and ZIP or foreign postal code Orlando FL 32830 3 Nondividend distributions 4 Federal income tax withheld $ 100.00 6 Investment expenses $ $ 5 Section 199A dividends $ 7 Foreign tax paid 8 Foreign country or U.S. possession $ 9 Cash liquidation distributions 10 Noncash liquidation distributions $ $ FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends 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. Account number (see instructions) Form 1099-DIV (keep for your records) $ $ 13 State 14 State identification no. 15 State tax withheld $ $ www.irs.gov/Form1099DIV Department of the Treasury - Internal Revenue Service $1040 Department of the Treasury-Internal Revenue Service Filing Status U.S. Individual Income Tax Return Single Married filing jointly 2022 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Married filing separately (MFS) Head of household (HOH) Qualifying surviving spouse (QSS) If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QSS box, enter the child's name if the qualifying person is a child but not your dependent: Check only one box. Your first name and middle initial If joint return, spouse's first name and middle initial Last name Last name Your social security number Home address (number and street). If you have a P.O. box, see instructions. City, town, or post office. If you have a foreign address, also complete spaces below. Apt. no. State ZIP code Foreign country name Foreign province/state/county Digital Assets Standard Deduction At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.) Yes Someone can claim: You as a dependent Your spouse as a dependent Spouse itemizes on a separate return or you were a dual-status alien Spouse's social security number Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign postal code your tax or refund. You Spouse No Age/Blindness You: Were born before January 2, 1958 Dependents (see instructions): Are blind Spouse: If more (1) First name Last name (2) Social security number to you Child tax credit Was born before January 2, 1958 Is blind (3) Relationship (4) Check the box if qualifies for (see instructions): Credit for other dependents than four dependents, see instructions and check here.. Income 1a b Total amount from Form(s) W-2, box 1 (see instructions) Household employee wages not reported on Form(s) W-2. Attach Form(s) c Tip income not reported on line 1a (see instructions) W-2 here. Also d e was withheld. attach Forms W-2G and 1099-R if tax f Employer-provided adoption benefits from Form 8839, line 29 Medicaid waiver payments not reported on Form(s) W-2 (see instructions) Taxable dependent care benefits from Form 2441, line 26 If you did not g Wages from Form 8919, line 6.. get a Form h Other earned income (see instructions) W-2, see i Nontaxable combat pay election (see instructions) 1i instructions. z Add lines 1a through 1h Attach Sch. B 2a Tax-exempt interest. 2a b Taxable interest if required. 3a Qualified dividends 3a b Ordinary dividends 4a IRA distributions. 4a b Taxable amount. Standard 5a Pensions and annuities 5a b Taxable amount. Deduction for- 6a Social security benefits b Taxable amount. Single or Married filing c separately, 7 If you elect to use the lump-sum election method, check here (see instructions) Capital gain or (loss). Attach Schedule D if required. If not required, check here $12,950 Married filing 8 Other income from Schedule 1, line 10. jointly or Qualifying 9 $25,900 surviving spouse, 10 Head of household, $19,400 11 Subtract line 10 from line 9. This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income Adjustments to income from Schedule 1, line 26 | 843==N 1a 1b 1d 1e 1g 1h 1z 2b 3b 4b 5b 6b 7 If you checked 13 any box under Standard 14 Qualified business income deduction from Form 8995 or Form 8995-A Add lines 12 and 13... Deduction, see instructions. 15 Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B 9 10 11 12 13 14 15 Form 1040 (2022) SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Additional Income and Adjustments to Income Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form1040 for instructions and the latest information. Name(s) shown on Form 1040, 1040-SR, or 1040-NR Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received . . . b Date of original divorce or separation agreement (see instructions): Business income or (loss). Attach Schedule C . . 3 4 Other gains or (losses). Attach Form 4797 5 6 7 8 OMB No. 1545-0074 2022 Attachment Sequence No. 01 Your social security number Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F. Unemployment compensation . . Other income: a Net operating loss b Gambling . c Cancellation of debt d Foreign earned income exclusion from Form 2555 e Income from Form 8853 8a ( 8b 8c 8d 8e 1 - 234567 f Income from Form 8889 g Alaska Permanent Fund dividends h Jury duty pay. i Prizes and awards j Activity not engaged in for profit income k Stock options . . I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property . . . Im Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) 8f 8g 8h 8i 8j 8k 81 8m 8n 80 8p 8q r Scholarship and fellowship grants not reported on Form W-2 8r s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d. . . 8s ( t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan 8t u Wages earned while incarcerated 8u z Other income. List type and amount:_ 8z 9 Total other income. Add lines 8a through 8z . . 10 9 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 10 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040) 2022 Schedule 1 (Form 1040) 2022 Part II Adjustments to Income 11 Educator expenses... 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . . 13 Health savings account deduction. Attach Form 8889 14 Moving expenses for members of the Armed Forces. Attach Form 3903 15 Deductible part of self-employment tax. Attach Schedule SE 16 17 18 Self-employed SEP, SIMPLE, and qualified plans. Self-employed health insurance deduction Penalty on early withdrawal of savings. 19a Alimony paid b Recipient's SSN. Date of original divorce or separation agreement (see instructions):_ 11 15 + 23146768 19a c 20 IRA deduction. . . 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 2222 20 21 23 24 Other adjustments: a Jury duty pay (see instructions) 24a b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit .. 24b c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m . . 24c d Reforestation amortization and expenses. . 24d e Repayment of supplemental unemployment benefits under the Trade Act of 1974. . . 24e f Contributions to section 501(c)(18)(D) pension plans. 24f g Contributions by certain chaplains to section 403(b) plans 24g h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions). . . 24h i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations . . 24i j Housing deduction from Form 2555. 24j k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041)... 24k z Other adjustments. List type and amount: 24z 25 Total other adjustments. Add lines 24a through 24z. 25 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 10, or Form 1040-NR, line 10a 26 Page 2 Schedule 1 (Form 1040) 2022 SCHEDULE B (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on return Part I Interest (See instructions and the Instructions for Interest and Ordinary Dividends Go to www.irs.gov/ScheduleB for instructions and the latest information. Attach to Form 1040 or 1040-SR. 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address: OMB No. 1545-0074 2022 Attachment Sequence No. 08 Your social security number Amount Form 1040, line 2b.) Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500, you must complete Part III. Part II 5 List name of payer: 2 34 Amount Ordinary Dividends (See instructions and the Instructions for Form 1040, line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. Part III Foreign Accounts 5 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b 6 Note: If line 6 is over $1,500, you must complete Part III. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. and Trusts 7a At any time during 2022, did you have a financial interest in or signature authority over a financial Caution: If required, failure to file FinCEN Form 114 may result in substantial penalties. Additionally, you may be required to file Form 8938, Statement of Specified Foreign Financial Assets. See instructions. account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions .. If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements . . . b If you are required to file FinCEN Form 114, list the name(s) of the foreign country(-ies) where the financial account(s) are located: 8 During 2022, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Yes No Schedule B (Form 1040) 2022 Qualified Dividends and Capital Gain Tax Worksheet-Line 16 Before you begin: Keep for Your Records See the earlier instructions for line 16 to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 or 1040-SR through line 15. If you don't have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040-SR, line 7. 1. Enter the amount from Form 1040 or 1040-SR, line 15. However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet ... 2. Enter the amount from Form 1040 or 1040-SR, line 3a* 3. Are you filing Schedule D?* 2. Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter -0-. 3. No. Enter the amount from Form 1040 or 1040-SR, line 7. 4. Add lines 2 and 3 4. 5. Subtract line 4 from line 1. If zero or less, enter -0- 5. 6. Enter: $41,675 if single or married filing separately, $83,350 if married filing jointly or qualifying surviving spouse, $55,800 if head of household. 6. 7. Enter the smaller of line 1 or line 6 7. 8. Enter the smaller of line 5 or line 7 8. 9. Subtract line 8 from line 7. This amount is taxed at 0% 9. 10. Enter the smaller of line 1 or line 4 10. 11. Enter the amount from line 9 11. 12. Subtract line 11 from line 10 12. 13. Enter: $459,750 if single. $258.600 if married filing separately, $517,200 if married filing jointly or qualifying surviving spouse, $488,500 if head of household. 13. 14. Enter the smaller of line 1 or line 13 14. 15. Add lines 5 and 9 15. 16. Subtract line 15 from line 14. If zero or less, enter -0- 16. 17. Enter the smaller of line 12 or line 16 17. 18. Multiply line 17 by 15% (0.15) 18. 19. 20. 19. Add lines 9 and 17 20. Subtract line 19 from line 10 21. Multiply line 20 by 20% (0.20) 21. 22. Figure the tax on the amount on line 5. If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet 22. 23. Add lines 18, 21, and 22 23. 24. Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet ... 24. 25. Tax on all taxable income. Enter the smaller of line 23 or 24. Also include this amount on the entry space on Form 1040 or 1040-SR, line 16. If you are filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040-SR, line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet * If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line. 25. Form 1040 (2022) Page 2 Tax and 16 Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3 16 Credits 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17.. 18 19 Child tax credit or credit for other dependents from Schedule 8812 19 20 Amount from Schedule 3, line 8 20 21 Add lines 19 and 20 . . 21 22 Subtract line 21 from line 18. If zero or less, enter -0- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 21 23 24 Add lines 22 and 23. This is your total tax 24 Payments 25 Federal income tax withheld from: a Form(s) W-2. 25a b Form(s) 1099 25b c Other forms (see instructions) 25c d Add lines 25a through 25c. 25d If you have a qualifying child, attach Sch. EIC. 27 Refund 34 222222333 26 2022 estimated tax payments and amount applied from 2021 return 26 Earned income credit (EIC) .. 28 Additional child tax credit from Schedule 8812 29 American opportunity credit from Form 8863, line 8. 30 Reserved for future use.. 31 Amount from Schedule 3, line 15 22225 27 29 30 31 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits Add lines 25d, 26, and 32. These are your total payments 32 33 Direct deposit? See instructions. If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here.. b Routing number_ 34 35a Savings c Type: Checking d Account number 36 Amount You Owe 37 Amount of line 34 you want applied to your 2023 estimated tax.. Subtract line 33 from line 24. This is the amount you owe. 36 38 For details on how to pay, go to www.irs.gov/Payments or see instructions. Estimated tax penalty (see instructions). 37 38 Third Party Designee Do you want to allow another person to discuss this return with the IRS? See instructions Designee's name Phone no. Yes. Complete below. Personal identification number (PIN) No Sign Here Your occupation Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Date Joint return? See instructions. Keep a copy for your records. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation Phone no. Preparer's name Email address Preparer's signature Paid Preparer Use Only Firm's name Date PTIN If the IRS sent you an Identity Protection PIN, enter it here (see inst.) If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) Phone no. Check if: Self-employed Firm's address Go to www.irs.gov/Form1040 for instructions and the latest information. Firm's EIN Form 1040 (2022) This assignment requires you to complete four tax forms (Form 1040, Schedule 1, Schedule B, and Qualified Dividends and Capital Gain Tax Worksheet, using the provided taxpayer information. The forms provided are for tax year 2022 (please disregard 2021 date on W2, 1099-INT, and 1099-DIV). Step 1: Read the information below and download the taxpayer information based on the last two digits of your REDid: REDid ending in 00-19: Form W-2, 1099-INT , 1099-DIV REDid ending in 20-39: Form W-2 , 1099-INT , 1099-DIV REDid ending in 40-59: Form W-2 1099-INT , 1099-DIV REDid ending in 60-79: Form W-2 , 1099-INT , 1099-DIV REDid ending in 80-99: Form W-2 , 1099-INT , 1099-DIV Step 2: Download the blank forms on which to complete the assignment Blank Form 1040 Blank Form 1040 (fillable) Blank Schedule 1 (fillable) Blank Schedule B (fillable) Blank Qualified Dividends and Capital Gain Tax Worksheet (not fillable - complete by hand and upload image) Step 3: Complete Schedule B first, then Schedule 1, then Form 1040 down through Line 15. Then complete the Qual Div worksheet and use that information to complete the rest of the Form 1040 Step 4: Submit all 4 documents to complete the assignment. Alexander Smith and his wife Allison are married and will file a joint tax return for 2022. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6 months off from his job in 2022 to obtain a higher-level pilot's license. The Smiths have an 18-year-old son, Brad, who is enrolled in twelfth grade at the Walt Disney Prep School. The Smiths also have a 19-year-old daughter, Angelina, who is a part-time first-year student at Orange County Community College (OCCC). Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OCCC. Sean and Angelina have a 1-year-old child, Trask (Social Security number 115-45-7893). All the Shirkers live in an apartment near the Smiths. Angelina and Sean both also work part-time for Sean's wealthy grandfather as apprentices in his business. The Shirker's wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask. Name Alexander Smith Social Security number 266-15-1966 Allison Smith 266-34-1967 Brad Smith 261-55-2121 Angelina Shirker 261-45-1212 Sean Shirker 546-78-1235 Trask Shirker 115-45-7893 Date of birth 09/22/1970 07/01/1971 12/21/2005 03/31/2004 05/01/2004 10/21/2021 Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789). Alexander pays Jennifer $200 per month in alimony under the divorce decree. Not included with the Smith's tax forms was interest from State of Florida bonds of $145.00. Alexander also received a Form W-2, Form 1099-INT, and Form 1099-DIV that you should have downloaded in Step 1 above.