For the following tax return problem, assume the taxpayers do not wish to contribute to the Presidential Election Fund In addition, the taxpayer did not sell, receive, exchange or otherwise acquire any financial interest in any virtual currency during the year If the taxpayers are entitled to the child tax credit, assume they did not receive the advance child tax credit payment for 2021 They will claim the entire tax credit In 2021, Jason and Vicky Hurting, who are married with two children, had the following tax information Jason owns a landscaping business, and Vicky works as a sales executive for a manufacturing business Jason's SS is 412 34 5670, and his date of birth is 5 13 1981 Vickys SS 412 34 5671 and DOB 03 13 1985 and Reside at 123 Bate Street, Bright, AL 36116 Both children are under 17 years old Jason Jrs SS 412 34 5672 (DOB 7 20 13) carlin SS 412 34 5673 (DOB 1 8 17) Vickys W 2 information is as follows Wages (Box 1) $94,000 Federal W H (Box 2) $22,000 Social Security Wages (Box 3) $94,000 Social security W H (Box 4) $5,828 Medicare wages $94,000 Medicare W H $1,363 State W H (ignore) $4,700 Other income 1099G Alabama state tax refund is taxable $423 1099 Interest $225 1099 Div IBM Inc Ordinary dividends $125 Qualified dividends $125 The following information is for Jasons landscaping business Revenue $ 153,000 Wages $41,600 Payroll tax $3,182 Cell phone charges $ 425 Assets (Sec 179 elected) Item Date purchase Business use amount percentage Truck (100 business) 2 05 2021 $28,000 100 Mower 1 3 08 2021 12,000 100 Mower 2 3 08 2021 3,400 100 Equipment 6 25 2021 1,595 100 The truck was over 6,000 pounds The Hurtings had the following itemized deductions State income taxes $4,700 Real estate property taxes $2,100 Charitable cash contributions $2,400 Mortgage interest expenses 8,300 Personal Property Taxes 425 The Hurtings made four estimated federal payments of $2,500 each on their due dates Prepare Form 1040 plus appropriate schedules for the Hurtings for 2021 The Hurtings had qualifying healthcare coverage at all times during the year

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For the following tax return problem, assume the taxpayers do not wish to contribute to the Presidential Election Fund. In addition, the taxpayer did not

For the following tax return problem, assume the taxpayers do not wish to contribute to the Presidential Election Fund. In addition, the taxpayer did not sell, receive, exchange or otherwise acquire any financial interest in any virtual currency during the year. If the taxpayers are entitled to the child tax credit, assume they did not receive the advance child tax credit payment for 2021. They will claim the entire tax credit.

In 2021, Jason and Vicky Hurting, who are married with two children, had the following tax information. Jason owns a landscaping business, and Vicky works as a sales executive for a manufacturing business.

Jason's SS# is 412-34-5670, and his date of birth is 5/13/1981
Vickys SS# 412-34-5671 and DOB 03/13/1985 and
Reside at 123 Bate Street, Bright, AL 36116. Both children are under 17 years old.
Jason Jrs SS# 412-34-5672 (DOB 7/20/13)\
carlin SS# 412-34-5673 (DOB 1/8/17)

Vickys W-2 information is as follows:

Wages (Box 1) = $94,000
Federal W/H (Box 2) = $22,000
Social Security Wages (Box 3) = $94,000
Social security W/H (Box 4) = $5,828
Medicare wages = $94,000
Medicare W/H = $1,363
State W/H (ignore) = $4,700

Other income

1099G Alabama state tax refund is taxable $423
1099-Interest $225
1099-Div IBM. Inc - Ordinary dividends $125
Qualified dividends $125

The following information is for Jasons landscaping business:

Revenue $ 153,000
Wages $41,600
Payroll tax $3,182
Cell phone charges $ 425

Assets (Sec 179 elected)

Item Date purchase Business use amount percentage

Truck (100% business) 2/05/2021 $28,000 100%

Mower 1 3/08/2021 12,000 100%

Mower 2 3/08/2021 3,400 100%

Equipment 6/25/2021 1,595 100

The truck was over 6,000 pounds. The Hurtings had the following itemized deductions.

State income taxes = $4,700
Real estate property taxes = $2,100
Charitable cash contributions = $2,400
Mortgage interest expenses = 8,300
Personal Property Taxes = 425

The Hurtings made four estimated federal payments of $2,500 each on their due dates. Prepare Form 1040 plus appropriate schedules for the Hurtings for 2021. The Hurtings had qualifying healthcare coverage at all times during the year.