Bill and Mary Clients are married and wish to file jointly. Bill has been promoted

to Vice President for Com$-$Pac, a local packagng manufacturer. Mary is a self$-$employed attorney.

Requirements

Prepare an income tax return $($with appropriate schedules$)$ for $2022,$ the following tax forms. You will have to submit

the return to your manager for review. Use the following guidelines and information:

The taxpayers do not wish to contribute to the Presidential Elections Campaign Fund.

The taxpayers do not own any foreign bank accounts or other investments.

The taxpayers have the necessary substantiation $($e$.$g$.,$ records, receipts$)$ to support

all transactions reported in their tax return.

Make necessary assumptions for information not given in the problem but needed to

complete the return.

$1.$ The Clients live at $426$ East Oak, Toledo, OH $43617.$ They have two children. Sandy is a sophmore in College.

Andrew is still in K$-12$ school. Sandy lives away in a college dorm most of the year. She is a full time student.

$2.$ Relevant Social Security numbers are as follows:

Name Birthday Social Security # Occupation

Bill S$.$ Clients $($Dad$)7/22/1965123-45-6767$ Vice President

Mary N$.$ Clients $($Mom$)3/13/1964123-45-6787$ Attorney

Sandy J$.$ Clients $8/2/2001123-45-6788$ Student

Andrew W$.$ Clients $($Brother$)6/16/2010123-45-6790$ Student

$3.$ Bill's W$-2$ is attached. $($Please know that the IRS does not have a pdf with fields. That is why it looks weird.$)$

$4.$ Interest, Dividend, Stock and Bond Transactions are reflected on the attached $1099$s$.$

$5.$ The $1099-$G shows the refund of $2021$ state income taxes paid. In $2021$ the Clients had a total of $$30,000$

itemized deductions, including $$9,600$ in state and local taxes paid.

You enter in $2021$ information under Wroksheets $->$ Form $1040$ State Refund Worksheet.

I had to enter $9600$ on line $1.$b$,2.$a$,$ and $2.$b$.$ Then the $30$K on line $4.$d$.$ Don't forget to check itemized up at the top.

$6.$ Besides the items previously noted, the Clients had the following items for the current year:

Cash gifts from Mary's parents $$14,000$

Medical Insurance $($paid with after$-$tax dollars$)3600$ $$3,240$

Medical expenses not covered by insurance $4200$ $ $3,780$

Real estate taxes on home $6700$ $ $6,030$

Real estate taxes on invesment acres in Texas $3000$ $ $2,700$

State and local sales taxes $$0$

Interest on home mortgage see $1098$

Contribution to church $($all cash$)2000$ $ $1,800$

Goodwill $($Carbondale branch$)$ $$600$

Non$-$cash items donated to Goodwill were originally purchased on March $15$th $2020.$ The

$$600$ is the fair$-$value of items today. They were originally purchased for

$$3,000.$ The description of items is "clothing and household items."

Also this related to the $50\%$ charity limit and method

used to determine is "thrift shop value." The address of the goodwill location is $2600$

W Sylvania Ave STE $107,$ Toledo, OH$,43613.$ The donation was $8/15/22.$