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Comprehensive Problem 3-2A Russell (birthdate February 2, 1971) and Linda (birthdate August 30, 1976) Long have brought you the following information regarding their income and

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Comprehensive Problem 3-2A Russell (birthdate February 2, 1971) and Linda (birthdate August 30, 1976) Long have brought you the following information regarding their income and expenses for the current year, Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited (EIN: 32 -1456789). The business is operated out of their home, located at 1234 Cherry Lane, Nampa, ID 83687. The principal business code is 561730 . Russell's - Donations expense is a $600 donation to the Campaign to Re-Elect Senator Ami Daha. - Training includes $575 for an educational seminar on bug control. It also includes the cost for Russell to attend an online certificate program in landscaping in order to improve his skills and advertise his designation as a certified landscaper. The tuition, fees, and books cost $1,400. He also drove his personal car 60 miles round trip to Boise to take exams three times for a total of 180 miles. - No business gift exceeded $22 in value. - The subscription is for a trade magazine titled Plants Unlimited. - Meals and entertainment expense is $1,500 of restaurant business meals and $800 for season tickets to Boise State University that Russell uses to entertain potential clients. - Russell drove his pickup truck (purchased 3/14/2021) 200 business miles through June 30 and 800 business miles for the remainder of 2022. He also drove the truck 2,300 commuting miles and 3,000 other miles. The Longs have another car available for personal use. Truck business mileage is not reflected in the income statement. The business uses the cash method of accounting and has no accounts receivable or inventory held for resale. In addition to the above expenses, the Longs have set aside one room of their house as a home office. The room is 192 square feet and their house has a total of 1,600 square feet. They pay $13,200 per year rental on their house, and the utilities amount to $1,800 for the year. Linda lost her job in late 2021 and collected unemployment as shown on the following form 1099 -G (see separate tab). Russell was divorced on April 1, 2020 and pays his ex-spouse, Lois Long (SSN 313-29-3133) alimony of $200 per month in 2022. Russell's Social Security number is 664-98-5678 and Linda's is 554-98-3946. They made an estimated tax payment to the IRS of $300 on December 31,2022. Required: Complete the Longs federal tax return for 2022 on Form 1040, Schedule 1, Schedule B, Schedule C, Form 8829 , and the Qualified Dividends and Capital Gain Tax Worksheet. Do not complete Form 4562 (depreciation). - Do not complete Form 4562 (depreciation) or Form 8812 (additional child tax credit). You may ignore any related selfemployment taxes. Make realistic assumptions about any missing data. - If required, enter a "loss" as a negative number on the tax form. Do not enter deductions or other amounts as negative numbers. - If an amount box does not require an entry or the answer is zero, enter " 0 ". - Do not round any division. If required, round your final answers to the nearest dollar. Comprehensive Problem 3-2A Russell (birthdate February 2, 1971) and Linda (birthdate August 30, 1976) Long have brought you the following information regarding their income and expenses for the current year, Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited (EIN: 32 -1456789). The business is operated out of their home, located at 1234 Cherry Lane, Nampa, ID 83687. The principal business code is 561730 . Russell's - Donations expense is a $600 donation to the Campaign to Re-Elect Senator Ami Daha. - Training includes $575 for an educational seminar on bug control. It also includes the cost for Russell to attend an online certificate program in landscaping in order to improve his skills and advertise his designation as a certified landscaper. The tuition, fees, and books cost $1,400. He also drove his personal car 60 miles round trip to Boise to take exams three times for a total of 180 miles. - No business gift exceeded $22 in value. - The subscription is for a trade magazine titled Plants Unlimited. - Meals and entertainment expense is $1,500 of restaurant business meals and $800 for season tickets to Boise State University that Russell uses to entertain potential clients. - Russell drove his pickup truck (purchased 3/14/2021) 200 business miles through June 30 and 800 business miles for the remainder of 2022. He also drove the truck 2,300 commuting miles and 3,000 other miles. The Longs have another car available for personal use. Truck business mileage is not reflected in the income statement. The business uses the cash method of accounting and has no accounts receivable or inventory held for resale. In addition to the above expenses, the Longs have set aside one room of their house as a home office. The room is 192 square feet and their house has a total of 1,600 square feet. They pay $13,200 per year rental on their house, and the utilities amount to $1,800 for the year. Linda lost her job in late 2021 and collected unemployment as shown on the following form 1099 -G (see separate tab). Russell was divorced on April 1, 2020 and pays his ex-spouse, Lois Long (SSN 313-29-3133) alimony of $200 per month in 2022. Russell's Social Security number is 664-98-5678 and Linda's is 554-98-3946. They made an estimated tax payment to the IRS of $300 on December 31,2022. Required: Complete the Longs federal tax return for 2022 on Form 1040, Schedule 1, Schedule B, Schedule C, Form 8829 , and the Qualified Dividends and Capital Gain Tax Worksheet. Do not complete Form 4562 (depreciation). - Do not complete Form 4562 (depreciation) or Form 8812 (additional child tax credit). You may ignore any related selfemployment taxes. Make realistic assumptions about any missing data. - If required, enter a "loss" as a negative number on the tax form. Do not enter deductions or other amounts as negative numbers. - If an amount box does not require an entry or the answer is zero, enter " 0 ". - Do not round any division. If required, round your final answers to the nearest dollar

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