Assume Josephine and Lorenzo have no itemized deductions. Fill out and prepare Form 1040

FACTS:

Your clients are a married couple who file a joint return:

• Josephine Burns (born 2/5/1974)
• Lorenzo Garcia (born 3/19/1976)

Neither of them wants to contribute to the Presidential Election Campaign. Neither owns, controls or manages any foreign bank accounts. Neither is a grantor or beneficiary of a foreign trust.

The following are relevant family members:

All family members are U.S. citizens, are not disabled or blind, have social security numbers (SSN) and are not married
All family members live with Lorenzo and Josephine all year except for Michelle, who lives in the dormitory during the year but returns home each summer.
Total support for each family member is $25,000. Each one spends all of their income on their own support while Lorenzo and Josephine provide all remaining support.
Ages given are at the end of the year.
Name	Relationship	Age	SSN	Student?	Income
Trevor Garcia	Lorenzo & Josephine's son	10	570-22-8845	Full-time	None
Michelle Burns	Josephine's daughter	23	464-31-2341	Full-time	$12,000
Fiona Forsythe	Josephine's cousin	16	525-21-5547	Full-time	$5,000
Busby Forsythe	Josephine's cousin	21	585-72-1113	Part-time	$3,000

• Form W-2, reporting Josephines salary
• Form 1099-DIV, reporting dividend income received Lorenzo
• 2 Forms 1099-INT, reporting interest income received by Lorenzo

a Employee's social security number 456-42-6576 b Employer identification number (EIN) 72-4005607 c Employer's name, address, and ZIP code This information is being furnished to the Internal Revenue Service. If you OMB No. 1545-0008 are required to file a tax retum, a negligence penalty or other sanction may be imposed on you if this income is taxable and you fail to report it. 1 Wages, tips, other compensation 2 Federal income tax withheld $72,000 $8,600 3 Social security wages 4 Social security tax withheld $72,000 $8,928 5 Medicare wages and tips 6 Medicare tax withheld $72,000 $2,088 7 Social security tips 8 Allocated tips Proximate Ventures 3450 Melville Drive Los Angeles, CA 90038 d Control number 10 Dependent care benefits e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 13 SETY employde grement plan THE sick phy 12b Josephine Burns 1561 Saxbury Road Glendale, CA 91020 14 Other 12c 12d f Employee's address and ZIP code 15 State Employer's state ID number 8675001 18 Local wages, tips, etc. 19 Local income tax 20 Locality name CAI 16 State wages, tips, etc. 17 State income tax $72,000 $3,100 W-2 Wage and Tax Form Statement Copy C-For EMPLOYEE'S RECORDS (See Notice to Employee on the back of copy B.) 2019 Department of the Treasury - Internal Revenue Service Safe, accurate, e-file FAST! Use 2015 OMB No. 1545-0110 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. Cemento Blocao (Argentina) SA $ 477 Madison Avenue, Thirty-Fifth Floor New York, NY 10022 1b Qualified dividends 3,100 2019 Dividends and Distributions 0 $ 2a Total capital gain distr. $ 2c Section 1202 gain Form 1090-DIV 2b Unrecap. Sec. 1250 gain $ 2d Collectibles (28%) gain Copy B For Recipient PAYER'S TIN RECIPIENT'S TIN 65-20004500 578-33-2345 $ RECIPIENT'S name 3 Nondividend distributions 4 Federal income tax withheld $ Lorenzo Garcia $ This is important tax information and is 5 Section 199A dividends 6 Investment expenses being furnished to Street address including apt. no.) $ the Is. If you are $ required to file a 1561 Saxbury Rd. 7 Foreign tax paid 8 Foreign country or U.S. possession return, a negligence penalty or other sanction may be City or town, state or province, country, and ZIP or foreign postal code $ imposed on you if this income is taxable Glendale, CA 91020 9 Cash liquidation distributions 10 Noncash liquidation distributions and the IRS $ $ determines that it has FATCA filing 11 Exempt-interest dividends 12 Specified private activity not been reported. requirement bond interest dividends $ Account number (see instructions) 13 State 14 Statoidartfication na 15 State tax withheld 456-2000B $ $ Form 1099-DIV (keep for your records) www.irs.gow Form1099DIV Department of the Treasury - Internal Revenue Service OMB No. 1545-0112 CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP Payer's RTN (optiona) or foreign postal code, and telephone no. State of California P.O. Box 942980 Sacramento, CA 94250 1 Interest income 2019 Interest Income For 1099-INT 2 Early withdrawal penalty Copy B PAYER'S TIN RECIPIENT'S TIN $ 3 Interest on U.S. Savings Bonds and Treas. obligations For Recipient 94-60001347 578-33-2345 RECIPIENT'S name 4 Federal income tax withheld 5 Investment expenses This Is Important tax $ Lorenzo Garcia $ Information and is being fumished to the 6 Foreign tax paid 7 Foreign country or U.S. possession IRS. If you are Street address (including apt. no.) $ required to flle a 8 Tax-exempt interest 9 Specified private activity bond return, a negligence 1561 Saxbury Rd. interest penalty or other sanction may be City or town, state or province, country, and ZIP or foreign postal code 4,300 $ Imposed on you if 10 Market discount 11 Bond premium Glendale, CA 91020 this Income is taxable and the IRS determines that it has FATCA filing $ $ not been reported. requirement 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond $ $ Account number (see instructions) 14 Tax-exempt and tax credit 15 State 16 State identification no. 17 State tax withheld bond CUIP no. TA-6473344 |$ Form 1099-INT (keep for your records) www.irs.gov/Form1099INT Department of the Treasury - Internal Revenue Service OMB No. 1545-0112 CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP Payer's ATN (optional) or foreign postal code, and telephone no. Zoologica Inc. 30045 Central Avenue Scranton, PA 18515 1 Interest income 2019 Interest Income 2,700 For 1099-INT 2 Early withdrawal penalty Copy B PAYER'S TIN RECIPIENT'S TIN $ For Recipient 3 Interest on U.S. Savings Bonds and Treas, obligations 72-5556789 578-33-2345 $ RECIPIENT'S name 4 Federal income tax withheld 5 Investment expenses This Is Important tax $ $ Information and is Lorenzo Garcia being fumished to the 6 Foreign tax paid 7 Foreign country or U.S. possession IRS. If you are Street address (including apt. no.) $ required to file a 1561 Saxbury Rd. 8 Tax-exempt interest 9 Specified private activity bond return, a negligence interest penalty or other sanction may be City or town, state or province, country, and ZIP or foreign postal code $ $ Imposed on your 10 Market discount 11 Bond premium this Income is Glendale, CA 91020 taxable and the IRS determines that it has FATCA filing $ $ not been reported. requirement 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond $ $ Account number (see instructions) 14 Tax-exempt and tax credit 15 State 16 State identification no. 17 State tax withheld bond CUSIP no. $ ZED 48765 $ Form 1099-INT (keep for your records) www.irs.gov/Form1099|NT Department of the Treasury - Internal Revenue Service