ANY ONE HELP ME FILL 1040 FORM

Tax problem 2

Please complete the 2020 federal income tax return for Bob and Melissa Quinn. Ignore the requirement to attach the forms W2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps.

Bob (age 43) and Melissa (age 53) Quinn are married and live in Lexington Kentucky. The Quinns have two children: Jared, age 15 and Alese, Age 12. The Quinns would like to file a joint tax return for the year.

The following information relates to the Quinns tax year:

• Bobs Social Security number is 987-45-1235. His DOB is 10/14/77
• Melissas Social Security number is 494-37-4893. Her DOB is 4/28/67
• Jareds Social Security number is 412-32-5690. His DOB is 9/22/05
• Aleses Social Security number is 412-32-6940. Her DOB is 6/11/08
• The Quinns mailing address is 95 Hickory Road, Lexington, Kentucky 40502
• Jared and Alese are tax dependents for federal tax purposes

Bob Quinns form W2 provided the following wages and withholding for the year:

Employer	Gross Wages	Federal Income Tax Withholding	State Income Tax Withholding
National Storage	$65,200	$7,700	$3,550
Lexington Little League	$4,510	0	0

Melissa Quinns Form W2 provided the following wages and withholding for the year:

Employer	Gross Wages	Federal Income Tax Withholding	State Income Tax Withholding
Jensen Photography	$42,500	$5,250	$2,425

All applicable and appropriate payroll taxes were withheld by the Quinns respective employers. All the Quinn family was covered by minimum essential health insurance during each month in 2020. The insurance was provided by Bobs primary employer, National Storage.

The Quinns also received the following during the year:

Interest Income from First Kentucky Bank	$200
Interest Income from City of Lexington, KY Bond	$550
Interest Income from US Treasury Bond	$800
Interest Income from Nevada State School Board Bond	$250
Workers Compensation payments to Bob	$4,350
Disability payments received by Bob due to injury National Storage paid 100% of the premiums on the policy and included the premium payments in Bobs taxable wages	$3,500

Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident:

• Medical Expenses for Physical injuries $3,000
• Emotional Distress (from having been physically injured) $11,000
• Punitive Damages $ 9,000

Total $23,000

Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2020. The annuity will pay Melissa $15,000 per year for ten years (beginning this year). The $15,000 payment was reported to Melissa on form 1099-R for the current year (box 4 contained an entry of 7 on the form).

The Quinns did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the year.

The Quinns paid or incurred the following expenses during the year:

Dentist/Orthodontist (unreimbursed by insurance)	$10,500
Doctor Fees (unreimbursed by insurance)	$ 4,075
Prescriptions (unreimbursed by insurance)	$ 980
KY state tax payments made on 4/15/20 for the 2019 tax return liability	$ 1,425
KY state income taxes withheld during 2020	$ 5,975
Real Property taxes on residence	$ 3,900
Vehicle registration fee based upon age of vehicle	$ 1,350
Mortgage interest on principle residence	$19,500
Interest paid on borrowed money to purchase the City of Lexington, KY municipal bond	$ 400
Interest paid on borrowed money to purchase US Treasury Bonds	$ 250
Contribution to the Red Cross	$ 2,000
Contribution to Senator Rick Hartleys Re-Election Campaign	$ 3,500
Contribution to First Baptist Church of Kentucky	$ 6,000
Fee paid to Jones & Company, CPA for tax preparation	$ 200

In addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Quinns have represented to you that they maintained careful logs to support their respective mileage.

The Quinns drove 465 miles in total to receive medical treatment at a hospital in April.

The Quinns both wanted to contribute to the Presidential Election Campaign Fund. The Quinns would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check.

(99) OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Department of the Treasury - Internal Revenue Service 1040 2020 U.S. Individual Income Tax Return Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widower) (OW) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name it the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number one box, If joint return, spouse's first name and middle initial Last name Spouse's social security number 1 1 Home address (number and street). If you have a PO box, see instructions, Apt. no. Presidential Election Campaign Check here if you, or your City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country name Foreign province/state/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship (4) if qualifies for see instructions): If more (1) First name number Last name to you Child tax credit Credit for other dependents than four dependents, see instructions and check here Wages, salaries, tips, etc. Attach Form(s) W-2 Attach 2a Tax-exempt interest 2a b Taxable interest 2b Sch. Bit 3a Qualified dividends required. 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social security benefits b Taxable amount. 6b Deduction for- 7 Capital gain or (joss). Attach Schedule Dif required. If not required, check here 7 Single or Married filing Other income from Schedule 1, line 9 separately, $12,400 Add lines 1, 2b, 36, 45, 56, 6b, 7, and 8. This is your total income Married filing 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 10a widower). $24,800 10b b Charitable contributions if you take the standard deduction. See instructions c Add lines 10a and 10b. These are your total adjustments to income 10c household 11 $18,650 11 Subtract line 10c from line 9. This is your adjusted gross income If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction, 14 Add lines 12 and 13 14 see instructions. 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No. 11320B Form 1040 2020) 8 8 9 9 Head of AA 2 3 Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 4972 16 17 Amount from Schedule 2 line 3 17 18 Add lines 16 and 17 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: a Form(s) W-2 25a b Form(s) 1099 25b Other forms (see instructions) 25c d Add lines 25a through 25c 25d 26 26 If you have a 2020 estimated tax payments and amount applied from 2019 retum qualifying child. 27 Eamed income credit (EIC) 27 attach Sch. EIC If you have 28 Additional child tax credit. Attach Schedule 8812 28 nontaxable 29 29 combat pay, American opportunity credit from Form 8863, line 8. See instructions. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits. 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? Routing number Type: Checking Savings See instructions d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax. 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE fillers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3, line 12e, and its instructions for details. instructions Estimated tax penalty (see instructions). 38 Third Party Do you want to allow another person to discuss this retum with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identification name number (PIN) Sign 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. Here Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter it here Joint return? (see inst.) Soe instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Check it Paid Self-employed Preparer Firm's name Phone no. Use Only Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest information Form 1040 2020) . 38 no. (99) OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Department of the Treasury - Internal Revenue Service 1040 2020 U.S. Individual Income Tax Return Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widower) (OW) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name it the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number one box, If joint return, spouse's first name and middle initial Last name Spouse's social security number 1 1 Home address (number and street). If you have a PO box, see instructions, Apt. no. Presidential Election Campaign Check here if you, or your City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country name Foreign province/state/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship (4) if qualifies for see instructions): If more (1) First name number Last name to you Child tax credit Credit for other dependents than four dependents, see instructions and check here Wages, salaries, tips, etc. Attach Form(s) W-2 Attach 2a Tax-exempt interest 2a b Taxable interest 2b Sch. Bit 3a Qualified dividends required. 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social security benefits b Taxable amount. 6b Deduction for- 7 Capital gain or (joss). Attach Schedule Dif required. If not required, check here 7 Single or Married filing Other income from Schedule 1, line 9 separately, $12,400 Add lines 1, 2b, 36, 45, 56, 6b, 7, and 8. This is your total income Married filing 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 10a widower). $24,800 10b b Charitable contributions if you take the standard deduction. See instructions c Add lines 10a and 10b. These are your total adjustments to income 10c household 11 $18,650 11 Subtract line 10c from line 9. This is your adjusted gross income If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction, 14 Add lines 12 and 13 14 see instructions. 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat No. 11320B Form 1040 2020) 8 8 9 9 Head of AA 2 3 Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 4972 16 17 Amount from Schedule 2 line 3 17 18 Add lines 16 and 17 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: a Form(s) W-2 25a b Form(s) 1099 25b Other forms (see instructions) 25c d Add lines 25a through 25c 25d 26 26 If you have a 2020 estimated tax payments and amount applied from 2019 retum qualifying child. 27 Eamed income credit (EIC) 27 attach Sch. EIC If you have 28 Additional child tax credit. Attach Schedule 8812 28 nontaxable 29 29 combat pay, American opportunity credit from Form 8863, line 8. See instructions. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits. 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? Routing number Type: Checking Savings See instructions d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax. 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE fillers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3, line 12e, and its instructions for details. instructions Estimated tax penalty (see instructions). 38 Third Party Do you want to allow another person to discuss this retum with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identification name number (PIN) Sign 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. Here Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter it here Joint return? (see inst.) Soe instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Check it Paid Self-employed Preparer Firm's name Phone no. Use Only Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest information Form 1040 2020) . 38 no