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Congratulations, you did an outstanding job on your first tax project. Tameka has decided to assign more advanced tax projects to you. Your next project

Congratulations, you did an outstanding job on your first tax project. Tameka has decided to assign more advanced tax projects to you. Your next project will involve doing the necessary tax research and preparing a tax return for clients whose tax situation presents a variety of issues involving the reporting of income and losses, and possible deductions and credits. Sanjay and Barbara Patel are both successful professionals. Sanjay has recently taken early retirement from his job at an independent oil company, and Barbara is a university administrator. Their daughter, Anita, is a freshman at Washington University in St. Louis. Sanjay was 56 on December 31 last year. His social security number is 800-12-8769. Barbara was 51 on December 31, and her social security number is 802-13-3916. Anita was 19, and her social security number is 802-77-1898. The family lives at 1201 Maple Ave, in Wichita Falls, TX 76301. Appendix A includes tax documents needed to prepare their return. Sanjay's final W-2 from Sandrise Petroleum reports $120,000 in Box 1 (wages received), and $16,500 in federal withholding. Barbara's W-2 from the university reports $185,000 in Box 1, and $27,000 in federal withholding. - 2 Sanjay also received a 1099-R from his

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