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Can someone help me with this? Chris and Stefani Watanabe live with their two boys at 1400 VIetonni an elermentary school Chis is an accountant

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Chris and Stefani Watanabe live with their two boys at 1400 VIetonni an elermentary school Chis is an accountant who has his own accounting practice teacher, Their sons, Justin Victoria Lane, Riverside, CA 92501. Stefani is an elementary school ardin th Jordan, are ages 13 and 10, respecively The folowing ls Watanabes Social security numbers for the Watanabe family Chris Stefani Justin Jordan 412-34-5670 412-34-5671 412-34-5672 412-34-5673 They paid $4,500 to Friendly Hills Child Care center for after-school care for both Justin and Jordan, allocated equally. The address is 2 River Dr. Riverside, CA and their ID number is 22-1234567 Stefani's W-2 from the Riverside school district showed the following: Wages $56,925.04 Federal WH9,085.90 Social Security wages = $56.925.04 Social Security WH 3,529.35 Medicare Wages $56,925.04 Medicare W/H = $ 825 41 California W/H 2,105.75 Chris's accounting business (Business code, 541211, Cash basis) is located in downtown Riverside. His business had the following income and expense information for the year Gross revenues $165,000 Advertising Insurance Legal fees Office supplies Rent Travel Meals and entertainment Utilities Wages Dues S 2,100 1,200 10,500 800 24,000 6,945 2,400 2,800 34,000 650 Additionally, Chris and Stefani paid the following expenses during the year Medical and dental expenses Property tax (home on Victoria Lane) State income taxes with the 2016 return Donations to the church (cash) Mortgage interest (home on Victoria Lane) $ 4,500 3,750 3,900 3,500 14,900 Stefani paid $950 in classroom expenses for her class Chris and Stefani also eamed $975 of interest income from California Bank during the year. Lastly, Chris and Stefani own a three-bedroom cabin in Big Bear Lake (they bought it in January for $300,000). The address is 3105 Stonehedge Road, Big Bear Lake, CA 92.e use the property for personal use at any time during t Bear Lake rental property are as follows: did rvot at any time during the year. The revenue and expenses for the Big Rental income Expenses S 18,000 Insurance S 1,200 Property taxes Auto (standard mileage) Repairs and maintenance Mortgage interest Depreciation Utilities 2,500 267 1,600 1,100 9,000 Calculate 450 The Watanabes also made $15,000 and $9,000 in federal and Califomia estimated income tax payments, respectively, on 12/31/17 Prepare the Watanabes' federal tax return for 2017. Use Form 1040, Schedule A, Schedule C. Schedule E, Schedule SE had qualifying health the presidential election cam any missing information, make reasonable assumptions. , and any additional schedules or forms they may need. The Watanabes care coverage at all times during the tax year. They do not want to contribute to paign, and they do not want anyone to be a third-party designee. For NOTE-ALL TAX FORMS MUST BE COMPLETED BY USE OF COMPUTER. NO HANDWRITTEN WORK WILL BE ACCEPTED. BEST OF LUCK AND WISHING YOU AND YOUR FAMILIES A HAPPY HOLIDAY SEASON!!! Chris and Stefani Watanabe live with their two boys at 1400 VIetonni an elermentary school Chis is an accountant who has his own accounting practice teacher, Their sons, Justin Victoria Lane, Riverside, CA 92501. Stefani is an elementary school ardin th Jordan, are ages 13 and 10, respecively The folowing ls Watanabes Social security numbers for the Watanabe family Chris Stefani Justin Jordan 412-34-5670 412-34-5671 412-34-5672 412-34-5673 They paid $4,500 to Friendly Hills Child Care center for after-school care for both Justin and Jordan, allocated equally. The address is 2 River Dr. Riverside, CA and their ID number is 22-1234567 Stefani's W-2 from the Riverside school district showed the following: Wages $56,925.04 Federal WH9,085.90 Social Security wages = $56.925.04 Social Security WH 3,529.35 Medicare Wages $56,925.04 Medicare W/H = $ 825 41 California W/H 2,105.75 Chris's accounting business (Business code, 541211, Cash basis) is located in downtown Riverside. His business had the following income and expense information for the year Gross revenues $165,000 Advertising Insurance Legal fees Office supplies Rent Travel Meals and entertainment Utilities Wages Dues S 2,100 1,200 10,500 800 24,000 6,945 2,400 2,800 34,000 650 Additionally, Chris and Stefani paid the following expenses during the year Medical and dental expenses Property tax (home on Victoria Lane) State income taxes with the 2016 return Donations to the church (cash) Mortgage interest (home on Victoria Lane) $ 4,500 3,750 3,900 3,500 14,900 Stefani paid $950 in classroom expenses for her class Chris and Stefani also eamed $975 of interest income from California Bank during the year. Lastly, Chris and Stefani own a three-bedroom cabin in Big Bear Lake (they bought it in January for $300,000). The address is 3105 Stonehedge Road, Big Bear Lake, CA 92.e use the property for personal use at any time during t Bear Lake rental property are as follows: did rvot at any time during the year. The revenue and expenses for the Big Rental income Expenses S 18,000 Insurance S 1,200 Property taxes Auto (standard mileage) Repairs and maintenance Mortgage interest Depreciation Utilities 2,500 267 1,600 1,100 9,000 Calculate 450 The Watanabes also made $15,000 and $9,000 in federal and Califomia estimated income tax payments, respectively, on 12/31/17 Prepare the Watanabes' federal tax return for 2017. Use Form 1040, Schedule A, Schedule C. Schedule E, Schedule SE had qualifying health the presidential election cam any missing information, make reasonable assumptions. , and any additional schedules or forms they may need. The Watanabes care coverage at all times during the tax year. They do not want to contribute to paign, and they do not want anyone to be a third-party designee. For NOTE-ALL TAX FORMS MUST BE COMPLETED BY USE OF COMPUTER. NO HANDWRITTEN WORK WILL BE ACCEPTED. BEST OF LUCK AND WISHING YOU AND YOUR FAMILIES A HAPPY HOLIDAY SEASON

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