Complete Form 1040, Schedule 1, Schedule A, and Schedule

Tax Return Scenario Please complete the 2019 federal income tax return for Jude and Scarlett Miller. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Jude (age 42) and Scarlett (age 42) Miller are married and live in Lexington, South Carolina. The Millers have two children: Ford, age 14, and Caroline, age 11. The Millers would like to file a joint tax return for the year. The following information relates to the Millers' tax year: Jude's Social Security number is 987-45-1235 Scarlett's Social Security number is 494-37-4893 Ford's Social Security number is 412-32-5690 Caroline's Social Security number is 412-32-6940 The Millers' mailing address is 95 Hickory Road, Lexington, South Carolina 29502 Ford and Caroline are tax dependents for federal tax purposes Jude Miller's Forms W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax Withholding State Income Tax Withholding National Storage $66,200 $8,000 $3,750 Lexington Little League $4,710 0 0 Scarlett Miller's Form W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax Withholding State Income Tax Withholding Jensen Photography $44,500 $5,450 $2,225 All applicable and appropriate payroll taxes were withheld by the Millers' respective employers. All the Miller family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Jude's primary employer, National Storage. The Millers also received the following during the year: Interest income from First Carolina Bank Interest income from City of Lexington, SC Bond Interest income from U.S. Treasury Bond Cont. on next page... $130 $450 $675 . Interest income from SC State School Board Bond $150 Workers' compensation payments to Jude $4,350 Disability payments received by Jude due to injury $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Jude's taxable wages Scarlett received the following payments due to a lawsuit she filed for damages sustained in a car accident: Medical Expenses for physical injuries $2,500 Emotional Distress (from having been physically injured) $12,000 Punitive Damages $10,000 Total $24,500 Previously, Scarlett purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2019. The annuity will pay Scarlett $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Scarlett on Form 1099-R for the current year (box 7 contained an entry of *7" on the form). The Millers did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the tax year. The Millers paid or incurred the following expenses during the year: $ 10,500 $ 2,625 $ 1,380 $ 1,350 $ 5,975 $ 3,800 $ 1,250 $ 18,560 Dentist/Orthodontist (unreimbursed by insurance) Doctor fees (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) SC state tax payment made on 4/15/19 for 2018 tax return liability SC state income taxes withheld during 2019 Real property taxes on residence Vehicle registration fee based upon age of vehicle Mortgage interest on principal residence Interest paid on borrowed money to purchase the City of Lexington, SC municipal bonds Interest paid on borrowed money to purchase U.S. Treasury bonds Contribution to the Red Cross Contribution to Senator Lindsey Graham's Re-election Campaign Contribution to First Baptist Church of South Carolina Fee paid to Jones & Company, CPAs for tax preparation $ 400 $ 240 $ 1,000 $ 2,500 $ 6,000 $ 200 In addition, Jude drove 6,750 miles commuting to work and Scarlett drove 8,230 miles commuting to work. The Millers have represented to you that they maintained careful logs to support their respective mileage. The Millers drove 465 miles in total to receive medical treatment at a hospital in April. The Millers both want to contribute to the Presidential Election Campaign Fund. The Millers 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. cricket LTE 10:33 PM 32% B4 Tax Return Instructions - 2020.... Tax Return Instructions Purpose The purpose of this assignment is to provide a cumulative hands-on application of the concepts you've learned in Modules 1-6 of this course. Most of the information you'll need to complete this assignment is in your textbook and module resources; however, you may also find valuable information in the IRS instruction documents and publications located at www.irs.gov. Preparation Instructions: i. Read the Tax Return Scenario posted in Blackboard and prepare a tax return for the taxpayers described using the 2019 tax forms found at the IRS website. Do not use tax preparation software 2. Complete and turn in the following forms for grading: a. Form 1040 - US Individual Income Tax Return b. Schedule 1 - Additional Income and Adjustments to Income C. Schedule A-Itemized Deductions d. Schedule B - Interest and Ordinary Dividends 3. I prefer that your forms are typed rather than hand-written. Tip: Save the tax forms to your computer as a PDF first. Then, open the PDF, type your answers and hit save often as you complete your work. If you open the tax form in an internet browser and begin filling out the form and then click save, it usually doesn't save your work Be very careful not to lose all your hard work! 4. Prior to turning in your final tax forms, be sure to double check your math one last time and also check the cross references between forms (for example, is your final amount from line 17 on Schedule A the same number that you've transferred to line 9 of Form 1040?) Submission Instructions: Submit your tax return to me via Blackboard by October 14, 2020. To submit your files, click the "Tax Return" title, then click "Browse my Computer to upload the final versions of your files Finally, click "Submit" in the bottom right-hand corner. Only one group member needs to submit your work. I Open With Print cricket LTE 9:07 PM X Tax Return Instructions - 2020.... 1040 .. Individual Income Tax Return 2019.c Filling Status Single Marted ting me arred fingers Head to Ho City widow you checked the box orter the name of you checked the Orow box, whether Your first and middel re's first name de Conor post Former Standard Deduction Someone can claim Youndert Oppur Dependente Anach Sched Orayon AB Carton or forward to check To homefromhedule, Ines Adres... This is your income A to namerom Schedule 22 Subtractine afrominen andard dedition is from the * Oudited business income seduction. Attach FormA 11 Adres 10 For Disclosure, Privacy Act, und Paperwork Reduction Act Notice, we aparate instruction : 1040 I Open With Print cricket LTE 9:07 PM Tax Return Instructions - 2020.... 3 of 3 14 15 18 17 12. TabelChaytonome 12-7230 Schedule, line 2 und in the undertw 13. Che corrette 14 Subtract line from new orlementer 15 Otherto, including employment from Schedule 2. in 10 Aos tres. The you to 17 row come withdrom Tome and 12 marts were Eumed come credit Accounty otron Fom . . Adresa These we you theremets and standard Addies and the Thements Refund >> Taman In 16. ure s tromine 18. This He Amount of you want rounded to you. The theme Tom Crackers Account number 32 Amount of inel you want applied to your 2000 estimated tax Amount 2 Ayou wire 1 Tomine 16. For details You Owe med tapety Third Party Do you want to low other persoother than your product Designer Sign Here Struction Cone's signature into both Dute Spo Prepare name Peperige Du Paid Preparer Use Only Phone I Open With Print il cricket LTE 9:09 PM Tax Return Instructions - 2020.... SCHEDULE 1 Additional Income and Adjustments to Income AchteForm and the latest Information 19 Yes 5 8 At any time during 2013. sa you receive, sel, send exchange, or otherwise acquire any financiers Virtualny! Part Additional Income 1 Table refunds, Credits, or at of water and local income Dute of original divorce or separation agreement ne mestruction 3 Business income wrow Arteche 4 Other game com 479 5 Rental real estate, royale partnership corporation, trusts, etc. Attach Schedule Farm income or Attach Schedule 1 Unemployment compensation & Other income List type and amount Combinines 1 trou. Enter here and on om 10:40 er 104 Skin Partial Adjustments to Income 11 Certain business expenses of reservists, performing in de government officach Form 2106 12 Healthings to Attach Form 13 Moving expenses for members of the Amed Forces Artach form 300 14 Deductible part of self-employment tax Arach Schedule SE 15 Selemployed SEP.SIMPLE and qualified pins * Selemployed health insurance deduction 17 Penalty on early walang te Amony paid Dute of original divorce or separation agreements 19 PA deduction 20 Student loan interest deduction 21 Tuition and foes. Attach from 2017 22 Addnes 10 through 21. These are your adjustments to come. Enter Form 1000 100 Rete 13 14 15 16 17 18 ES I Open With Print cricket LTE 9:08 PM Tax Return Instructions - 2020.... SCHEDULE A For 18 r 984- Itemized Deductions Go to www.inged for instruction and the latest information A to For 1980- 19 Medical Caution: Do not include expenses reimbursed or paid by the and 1 Medical and detection Dental 2 Enter amount from Form 1040 1040 SR. Ine al Expenses un ie? by 0.078 Stekte om nie meer Taxes You Sado Paid State and local income generales You may include either income generales 5. but not both you clect tenclude general sales taxes instead check State and local person property dAddines sa through Enter the sale of the 10.000.000 med . Other type and mount Interest Home mangage wires and points you to all of your You Pald more or to buy budowarove your home Instructions and check this box a Home mortgage interest and points reported to you on Form 1000 Sentruction med Home mortgage rest not reported to you on for 10 Instructions ied. To the person from whom you bought home screwd how and address Points not reported to you on Form 108. Serructions for specie Mortgage Insurance premium intruction Add neste De Investment interest. Ata Form 4852 required. See instruction 10 Add instead Gifts to 11 Gifts by cash or check you made any of $250 or more.se Charity Other than bych check you made wyn of $250 mm Carrow from priory 14 Addnes 11 Casualty and 15 Casual and the loss from a federaly declared disaster other Qualified The Los disaster lose Artach Fommander Instructions Other 16 Other---romlist in instructions. Ust type and amount itemized Deductions 17 Add the amounts in the right column torines through 16. Anse enter is amount on Itemid Fom 1040 1040-R, Deductions 18 you elect to their deductions even though they are less than you standard deduction check this box For Paperwork Reduction Act Notice, ethe Instructions for Farm 140 and 1040-R Colec 2010 TOR I Open With Print cricket LTE 9:08 PM Tax Return Instructions - 2020.... SCHEDULEB Form 109048- Interest and Ordinary Dividends 19 Part 1 Interest 1 List name of pay. Wary interest from a seller-financed mortgage and the Interest first. Also, show that buyer's social security number and address Foto and 1 1000- woment from borg paydo who 3 ? Add the amounts on Escludable Interests and I Usings bonded the Amach Form 15. 4 Subtract line from ine 2. Enter the resultere and on Form 1040 1040 SR Note: I line 4s over $1.500, you must complete Part Amount Part II Ordinary Dividends and the Forms 100 und 5 vom the Add the amounts on line 5. Enter the other and on Form 1040 or 1040 SR Note: over $1,300. you complete Part III You et part had over $1.500 of table interest or ordinary vidend had foreign account, or calveda dirbution from or were a grantortor a transfer Foreign To At any time during 2018, did you have a financial interest in or sigure authority over a financial Accounts account such as a bank account, securities account or brokerage account located in a foreign and Trusts Country Son Yosre you required to the FCENFom 114. Report of Foreign Bank and Financia Account Bare to report that financial interest or signature authority See GEN Fom 154 to PGEN Formy and is instructions for ingguirements and exceptions to those rarements you are required to the FCN Fom 114.ter the name of the foreign country when the During 2018, did you receive a distribution from or were you the grantoro, or transfer to a con for ways you may have to florom 3580. Se nocions For Pre Red All Form 10-20 I Open With Print Tax Return Scenario Please complete the 2019 federal income tax return for Jude and Scarlett Miller. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Jude (age 42) and Scarlett (age 42) Miller are married and live in Lexington, South Carolina. The Millers have two children: Ford, age 14, and Caroline, age 11. The Millers would like to file a joint tax return for the year. The following information relates to the Millers' tax year: Jude's Social Security number is 987-45-1235 Scarlett's Social Security number is 494-37-4893 Ford's Social Security number is 412-32-5690 Caroline's Social Security number is 412-32-6940 The Millers' mailing address is 95 Hickory Road, Lexington, South Carolina 29502 Ford and Caroline are tax dependents for federal tax purposes Jude Miller's Forms W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax Withholding State Income Tax Withholding National Storage $66,200 $8,000 $3,750 Lexington Little League $4,710 0 0 Scarlett Miller's Form W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax Withholding State Income Tax Withholding Jensen Photography $44,500 $5,450 $2,225 All applicable and appropriate payroll taxes were withheld by the Millers' respective employers. All the Miller family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Jude's primary employer, National Storage. The Millers also received the following during the year: Interest income from First Carolina Bank Interest income from City of Lexington, SC Bond Interest income from U.S. Treasury Bond Cont. on next page... $130 $450 $675 . Interest income from SC State School Board Bond $150 Workers' compensation payments to Jude $4,350 Disability payments received by Jude due to injury $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Jude's taxable wages Scarlett received the following payments due to a lawsuit she filed for damages sustained in a car accident: Medical Expenses for physical injuries $2,500 Emotional Distress (from having been physically injured) $12,000 Punitive Damages $10,000 Total $24,500 Previously, Scarlett purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2019. The annuity will pay Scarlett $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Scarlett on Form 1099-R for the current year (box 7 contained an entry of *7" on the form). The Millers did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the tax year. The Millers paid or incurred the following expenses during the year: $ 10,500 $ 2,625 $ 1,380 $ 1,350 $ 5,975 $ 3,800 $ 1,250 $ 18,560 Dentist/Orthodontist (unreimbursed by insurance) Doctor fees (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) SC state tax payment made on 4/15/19 for 2018 tax return liability SC state income taxes withheld during 2019 Real property taxes on residence Vehicle registration fee based upon age of vehicle Mortgage interest on principal residence Interest paid on borrowed money to purchase the City of Lexington, SC municipal bonds Interest paid on borrowed money to purchase U.S. Treasury bonds Contribution to the Red Cross Contribution to Senator Lindsey Graham's Re-election Campaign Contribution to First Baptist Church of South Carolina Fee paid to Jones & Company, CPAs for tax preparation $ 400 $ 240 $ 1,000 $ 2,500 $ 6,000 $ 200 In addition, Jude drove 6,750 miles commuting to work and Scarlett drove 8,230 miles commuting to work. The Millers have represented to you that they maintained careful logs to support their respective mileage. The Millers drove 465 miles in total to receive medical treatment at a hospital in April. The Millers both want to contribute to the Presidential Election Campaign Fund. The Millers 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. cricket LTE 10:33 PM 32% B4 Tax Return Instructions - 2020.... Tax Return Instructions Purpose The purpose of this assignment is to provide a cumulative hands-on application of the concepts you've learned in Modules 1-6 of this course. Most of the information you'll need to complete this assignment is in your textbook and module resources; however, you may also find valuable information in the IRS instruction documents and publications located at www.irs.gov. Preparation Instructions: i. Read the Tax Return Scenario posted in Blackboard and prepare a tax return for the taxpayers described using the 2019 tax forms found at the IRS website. Do not use tax preparation software 2. Complete and turn in the following forms for grading: a. Form 1040 - US Individual Income Tax Return b. Schedule 1 - Additional Income and Adjustments to Income C. Schedule A-Itemized Deductions d. Schedule B - Interest and Ordinary Dividends 3. I prefer that your forms are typed rather than hand-written. Tip: Save the tax forms to your computer as a PDF first. Then, open the PDF, type your answers and hit save often as you complete your work. If you open the tax form in an internet browser and begin filling out the form and then click save, it usually doesn't save your work Be very careful not to lose all your hard work! 4. Prior to turning in your final tax forms, be sure to double check your math one last time and also check the cross references between forms (for example, is your final amount from line 17 on Schedule A the same number that you've transferred to line 9 of Form 1040?) Submission Instructions: Submit your tax return to me via Blackboard by October 14, 2020. To submit your files, click the "Tax Return" title, then click "Browse my Computer to upload the final versions of your files Finally, click "Submit" in the bottom right-hand corner. Only one group member needs to submit your work. I Open With Print cricket LTE 9:07 PM X Tax Return Instructions - 2020.... 1040 .. Individual Income Tax Return 2019.c Filling Status Single Marted ting me arred fingers Head to Ho City widow you checked the box orter the name of you checked the Orow box, whether Your first and middel re's first name de Conor post Former Standard Deduction Someone can claim Youndert Oppur Dependente Anach Sched Orayon AB Carton or forward to check To homefromhedule, Ines Adres... This is your income A to namerom Schedule 22 Subtractine afrominen andard dedition is from the * Oudited business income seduction. Attach FormA 11 Adres 10 For Disclosure, Privacy Act, und Paperwork Reduction Act Notice, we aparate instruction : 1040 I Open With Print cricket LTE 9:07 PM Tax Return Instructions - 2020.... 3 of 3 14 15 18 17 12. TabelChaytonome 12-7230 Schedule, line 2 und in the undertw 13. Che corrette 14 Subtract line from new orlementer 15 Otherto, including employment from Schedule 2. in 10 Aos tres. The you to 17 row come withdrom Tome and 12 marts were Eumed come credit Accounty otron Fom . . Adresa These we you theremets and standard Addies and the Thements Refund >> Taman In 16. ure s tromine 18. This He Amount of you want rounded to you. The theme Tom Crackers Account number 32 Amount of inel you want applied to your 2000 estimated tax Amount 2 Ayou wire 1 Tomine 16. For details You Owe med tapety Third Party Do you want to low other persoother than your product Designer Sign Here Struction Cone's signature into both Dute Spo Prepare name Peperige Du Paid Preparer Use Only Phone I Open With Print il cricket LTE 9:09 PM Tax Return Instructions - 2020.... SCHEDULE 1 Additional Income and Adjustments to Income AchteForm and the latest Information 19 Yes 5 8 At any time during 2013. sa you receive, sel, send exchange, or otherwise acquire any financiers Virtualny! Part Additional Income 1 Table refunds, Credits, or at of water and local income Dute of original divorce or separation agreement ne mestruction 3 Business income wrow Arteche 4 Other game com 479 5 Rental real estate, royale partnership corporation, trusts, etc. Attach Schedule Farm income or Attach Schedule 1 Unemployment compensation & Other income List type and amount Combinines 1 trou. Enter here and on om 10:40 er 104 Skin Partial Adjustments to Income 11 Certain business expenses of reservists, performing in de government officach Form 2106 12 Healthings to Attach Form 13 Moving expenses for members of the Amed Forces Artach form 300 14 Deductible part of self-employment tax Arach Schedule SE 15 Selemployed SEP.SIMPLE and qualified pins * Selemployed health insurance deduction 17 Penalty on early walang te Amony paid Dute of original divorce or separation agreements 19 PA deduction 20 Student loan interest deduction 21 Tuition and foes. Attach from 2017 22 Addnes 10 through 21. These are your adjustments to come. Enter Form 1000 100 Rete 13 14 15 16 17 18 ES I Open With Print cricket LTE 9:08 PM Tax Return Instructions - 2020.... SCHEDULE A For 18 r 984- Itemized Deductions Go to www.inged for instruction and the latest information A to For 1980- 19 Medical Caution: Do not include expenses reimbursed or paid by the and 1 Medical and detection Dental 2 Enter amount from Form 1040 1040 SR. Ine al Expenses un ie? by 0.078 Stekte om nie meer Taxes You Sado Paid State and local income generales You may include either income generales 5. but not both you clect tenclude general sales taxes instead check State and local person property dAddines sa through Enter the sale of the 10.000.000 med . Other type and mount Interest Home mangage wires and points you to all of your You Pald more or to buy budowarove your home Instructions and check this box a Home mortgage interest and points reported to you on Form 1000 Sentruction med Home mortgage rest not reported to you on for 10 Instructions ied. To the person from whom you bought home screwd how and address Points not reported to you on Form 108. Serructions for specie Mortgage Insurance premium intruction Add neste De Investment interest. Ata Form 4852 required. See instruction 10 Add instead Gifts to 11 Gifts by cash or check you made any of $250 or more.se Charity Other than bych check you made wyn of $250 mm Carrow from priory 14 Addnes 11 Casualty and 15 Casual and the loss from a federaly declared disaster other Qualified The Los disaster lose Artach Fommander Instructions Other 16 Other---romlist in instructions. Ust type and amount itemized Deductions 17 Add the amounts in the right column torines through 16. Anse enter is amount on Itemid Fom 1040 1040-R, Deductions 18 you elect to their deductions even though they are less than you standard deduction check this box For Paperwork Reduction Act Notice, ethe Instructions for Farm 140 and 1040-R Colec 2010 TOR I Open With Print cricket LTE 9:08 PM Tax Return Instructions - 2020.... SCHEDULEB Form 109048- Interest and Ordinary Dividends 19 Part 1 Interest 1 List name of pay. Wary interest from a seller-financed mortgage and the Interest first. Also, show that buyer's social security number and address Foto and 1 1000- woment from borg paydo who 3 ? Add the amounts on Escludable Interests and I Usings bonded the Amach Form 15. 4 Subtract line from ine 2. Enter the resultere and on Form 1040 1040 SR Note: I line 4s over $1.500, you must complete Part Amount Part II Ordinary Dividends and the Forms 100 und 5 vom the Add the amounts on line 5. Enter the other and on Form 1040 or 1040 SR Note: over $1,300. you complete Part III You et part had over $1.500 of table interest or ordinary vidend had foreign account, or calveda dirbution from or were a grantortor a transfer Foreign To At any time during 2018, did you have a financial interest in or sigure authority over a financial Accounts account such as a bank account, securities account or brokerage account located in a foreign and Trusts Country Son Yosre you required to the FCENFom 114. Report of Foreign Bank and Financia Account Bare to report that financial interest or signature authority See GEN Fom 154 to PGEN Formy and is instructions for ingguirements and exceptions to those rarements you are required to the FCN Fom 114.ter the name of the foreign country when the During 2018, did you receive a distribution from or were you the grantoro, or transfer to a con for ways you may have to florom 3580. Se nocions For Pre Red All Form 10-20 I Open With Print