complete the 2019 federal income tax return for John and Vanessa Hanson using the information in the attached document.Ignore the requirement to attach the form(s) W-2 to the front page of Form 1040.If required information is missing, use reasonable assumptions to fill in the gaps. Go towww.irs.gov(Links to an external site.)(Links to an external site.)

to download the necessary files to complete the project.Once completed upload all forms and schedules to the Assignment page in Canvas. Draft a one-page memo to the taxpayers explaining their tax liability, whether they itemized or used the standard deduction, and whether or not they were required to pay alternative minimum tax (AMT) or other special taxes and if they are due a refund or owe additional l tax. Do not use tax software to complete the assignment.

Your submission should include the memo and all forms and schedules needed to file the tax return (excluding the W-2's).

John (age 43) and Vanessa (age 43) Hanson are married and live in Louisville, Kentucky.The Hansons have two children: Jason, age 15, and Alex, age 12.The Hansons would like to file a joint tax return for the year.

The following information relates to the Hansons' tax year:

• John's Social Security number is 987-45-1235
• Vanessa's Social Security number is 494-37-4893
• Jared's Social Security number is 412-32-5690 Alex's Social Security number is 412-32-6940
• The Hansons' mailing address is 95 Hickory Road, Louisville, Kentucky 40502. Jared and Alex are tax dependents for federal tax purposes

John Hanson's Forms W-2 provided the following wages and withholding for the year:

EmployerGross WagesFederal Income Tax WithholdingState Income Tax WithholdingNational Storage$66,200$8,000$3,750Louisville Little League$4,71000

Vanessa Hanson's Form W-2 provided the following wages and withholding for the year:

EmployerGross WagesFederal Income Tax WithholdingState Income Tax WithholdingJensen Photography$44,500$5,450$2,225

All applicable and appropriate payroll taxes were withheld by the Hansons' respective employers.All the Hanson family was covered by minimum essential health insurance during each month in 2019.The insurance was provided by John's primary employer, National Storage.

The Hansons also received the following during the year:

Interest income from First Kentucky Bank$130

Interest income from City of Louisville, KY Bond$450

Interest income from U.S. Treasury Bond$675

Interest income from Nevada State School Board Bond$150

Workers' compensation payments to John$4,350

Disability payments received by John due to injury$3,500

• National Storage paid 100% of the premiums on the policy and included the premium payments in John's taxable wages

Vanessa 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

Eight years ago, Vanessa purchased an annuity contract for $88,000.She received her first annuity payment on January 1, 2019.The annuity will pay Vanessa $15,000 per year for ten years (beginning with this year).The $15,000 payment was reported to Vanessa on Form 1099-R for the current year (box 7 contained an entry of "7" on the form).

The Hansons 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 Hansons paid or incurred the following expenses during the year:

Dentist/Orthodontist (unreimbursed by insurance)$ 10,500Doctor fees (unreimbursed by insurance)$2,625Prescriptions (unreimbursed by insurance)$1,380KY state tax payment made on 4/15/19 for 2018 tax return liability$1,350KY state income taxes withheld during 2019$5,975Real property taxes on residence$3,800Vehicle registration fee based upon age of vehicle$1,250Mortgage interest on principal residence$ 18,560Interest paid on borrowed money to purchase the City ofLouisville, KY municipal bonds$400Interest paid on borrowed money to purchaseU.S. Treasury bonds$240Contribution to the Red Cross$1,000Contribution to Senator Rick Hartley's Re-election Campaign$2,500Contribution to First Baptist Church of Kentucky$6,000Fee paid to Jones & Company, CPAs for tax preparation$200

In addition, John drove 6,750 miles commuting to work and Vanessa drove 8,230 miles commuting to work.The Hansons have represented to you that they maintained careful logs to support their respective mileage.

The Hansons drove 465 miles in total to receive medical treatment at a hospital in April.

The Hansons both want to contribute to the Presidential Election Campaign Fund.The Hansons 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.