Question
Alex is a client of your firm, he wants you to prepare his 2020 income tax return. Alex, 38, is single. Alex has a one-year
Alex is a client of your firm, he wants you to prepare his 2020 income tax return.
Alex, 38, is single. Alex has a one-year old son, John Wang (SSN 200-20-2020)
Alex is a business analyst and works for West Texas A&M University in Canyon.
He also has a bubble tea shop in Amarillo and received 10,000 business income in 2020.
He gifted a car worth $10,000 to WT in 2020.
His W-2 is attached below.
Required: Complete the necessary individual income tax return for Alex/Determine the address you are going to send this tax return. If you have questions regarding Alex’s tax matters, you can contact me. I know his financial situation intimately, so I will be able to answer on his behalf.
This tax return needs to be presented in the most professional manner possible. It can be typed or handwritten, but it must be professional in appearance. It must be in a form that you would actually file and send for your client. It CANNOT be completed on tax preparation software.
(Hint: You need to download and use the related forms from IRS website such as Form 1040 and related instructions. All necessary forms must be attached)
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