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Complete the 2018 Federal income tax return for Bob and Melissa Grant with all proper form. Be sure to check or fill in all necessary

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Complete the 2018 Federal income tax return for Bob and Melissa Grant with all proper form. Be sure to check or fill in all necessary boxes. 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 fll in the gaps and discuss these in a brief summary when uploading your assignment to Blackboard Bob & Melissa Grant Bob (age 43) and Melissa (age 43) are married and live in Lexington, KY. The Grants have two children Jared (age 15) and Alese (age 12). The Grants would like to file a joint tax return for the year. The following information relates to their tax year: .Bob's Social Security number is 987-45-1234 .Melissa's Social Security number is 494-37-4893 . Jared's Social Security number is 412-32-5690. . Alese's Social Security number is 412-32-9640 .The Grants' mailing address is 95 Hickory Road, Lexington, KY 40502. . Jared and Alese are tax dependents for Federal tax purposes. Bob Grant's Forms W-2 provided the following wages and withholding for the year: Federal Income State Income Tax Employer Gross WagesTax Withholdin Withholding National Stora Lexington Little League S66,200 S2.,710 SO Melissa Grant's Form W-2 provided the following wages and withholding for the year: Federal Income State Income Tax Employer Gross WagesTax Withholdin Withholding $1,225 Jensen Photo S24,500 All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All members of the Grant family were covered by minimum essential health insurance during each month in 2018. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: Workers' compensation payments to Bob Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond S4,350 $ 130 S 450 S 675 $ 150 Bob received disability payments of $3,500 due to an injury. National Storage paid 100% of the premiums on the disability insurance policy and included the premium payments in Bob's taxable wages Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident: Punitive Damages Emotional Distress (from having been physically injured) Medical Expenses for physical injuries $10,000 $12,000 2,500 Melissa purchased an annuity contract 8 years ago for $88,000. She received her first annuity payment on January 1, 2018. The annuity will pay Melissa S15,000 per year for 10 years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year. Box 7 of the Form 1099-R contained an entry of "y" on the form. The Grants 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 Grants paid or incurred the following expenses during the year: Dentist Orthodontists (unreimbursed by insurance Doctor Fees (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) Kentucky state tax payments made on 4/15/18 for 2017 tax return liability Real property taxes on residence Vehicle registration fee based upon age of vehicle Mortgage interest on principal residence S10,500 S 625 $ 380 S 1,350 1,800 S 250 Interest paid on borrowed money to purchase U.S. Treasury bonds Contribution to the American Red Cross Contribution to Senator Rick Hartley's Re-election Campaign Contribution to First Baptist Church of Lexington Fee paid to Jones&Company, CPAs for tax preparationn Interest paid on borrowed money to purchase the City of Lexington, KY muni bond $ 400 $ 240 S 1,000 2,500 S 6,000 $ 200 Bob drove 6,750 miles commuting to work, and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 465 miles in total to receive medical treatment at a hospital in April 2018. The Grants' personal residence was damaged from a tornado that was deemed a national disaster by the Federal government on October 1, 2018. The damage occurred during the day while both the Grants were at work and their children at school. The Grants had the following personal-use property destroyed. The damage to their home was covered in full by their insurance. Purchase Fair Value on Date Tax Basis of Theft/Damage Insurance Reimbursement Received Item Date of Item Laptop computer o9/01/2016 $3,000 $3,000 S500 S500 S500 Rifle 03/01/2014 03/01/2014 TV/Projector 2009 Honda Pilot 07/01/201 $5,000 The Grants both want to contribute to the Presidential Election Campaign Fund. The Grants would like to receive a refund by check if they have overpaid for the year

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