From the Ferbers to our new accountants We are Fiona and Frederick Ferber and are married with three children. Fiona is a psychiatrist working at West Point and has a part time job working for a local medical group, Family Physicians of Yorktown Heights, treating patients suffering from "Factitious Disease by Proxy" who have harmed their children. Frederick manages his own retail store called "Fred's Fun by the Fistful" (Id# 16-1234567) which offers amusing items for sale. They had a very interesting year this year. In January, they went to Disneyland California. In May, they went to Disney World Orlando and in December they went to Disneyland Paris. However, in July, their oldest son, Finn, was caught with several ounces of Marijuana and was convicted of a felony. However, his school allowed him to continue into his sophomore year this semester Specific Information about the family follows: Address: 1771 Amazon Rd., Mohegan Lake, NY 10547 Name Social Security Number Date of Birth 1/2/68 8/15/67 3/14/99 2/6/02 7/12/07 Fiona 123-45-6789 Frederick 234-56-7890 Finn 345-67-8901 Fabio 456-78-9012 Fantine 567-89-0123 Finn is a sophomore at Fairfield University in Fairfield, Ct. Tuition paid for him in 2018 is $43,770. Fabio is in high school and Fantine is in grade school. They are both good students and Fantine wants to be a veterinarian The Ferbers donated money to charity as follows: Cherokee Strip Land Rush Museum Inc. 1,000 Nutrition Plus, Inc. 1,500 Greenpeace USA 2,000 Uganda Orphans Fund 1,200 Misc. Small Donations 5,025 The Ferbers have receipts from all the above organizations. Frederick's father Frank died 3/14/2018. He left behind, to his only child Frederick, $19,000, a house worth $265,000 (Fred sold it for that amount on 3/31/2018), and the following stock investments: Date bought Date Sold NO. OF Stock Sale Price Cost SHARES 3/31/18 10/31/18 11/15/18 3/1/18 2/29/18 9/15/17 100 IBM 1498 1322 100 APPLE 11400 9700 2270 150 GE 3900 Fred's Fun by the Fistful, located at 990 US-6, Peekskill NY, is a single member LLC. For 2018, Cash Sales were 322,945, and accounts receivable grew by 8,000. Ending inventory of 2,090 grew by 10% from last year. Purchases were 124,500. Payroll was 65,000 and payroll taxes were 6,500. Office expenses were 1,350 including 150 paid at the beginning of 2019. Legal and accounting costs were 3,000, Bank fees were 300, liability insurance was 2,700, internet service fees were 1,400, Telephone was 765, and utilities were 1,850 for the store space The store was located on the ground floor of a building with 2 apartments above. Frederick owns the building. Property taxes for the building were 12,500. Insurance on the building was 1,650. The apartments were rented all year and the tenants each paid $700 per month and all utilities. In July, he put on a new roof for $7,500 and performed 800 in repairs to the apartments. Frederick bought the building on 2/1/05 for 350,000. At that time, he estimated the land value was 25,000. Frederick perceived that future generations of friendly kids were not interested in Fistfuls of Fun since they were not electronic fun items. He closed the business 12/31/18. He gave the remaining inventory to the local children's hospital and sold the building for $275,000. He paid a real estate broker 13,250 out of the sale proceeds and legal fees of 1.250. The forms we received are attached Please prepare all of our 2018 tax returns. We know we're late and will pay any required payments. PAYER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 1a Total ordinary dividends OMB No. 1545-0110 1655.00 $ HAL COMPUTER CORP 2018 Dividends and Distributions 1 HARD DRIVE 1b Qualified dividends BEVERLY HILLS, CA 90211 Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ 911.00 2a Total capital gain distr py B For Recipient 2c Section 1202 gain 2d Collectibles (28 %) gain PAYER'S TIN RECIPIENT'S TIN 65-4321098 XXX-XX-7890 3 Nondividend distributions Federal income tax wthheld RECIPIENT'S name, street address, city, state, country and ZIP code 4 $ FREDERICK FERBER 5 Section 199A dividends 6 Investment expenses This is important tax information and is being furnished to the IRS. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported $ 1771 AMAZON ROD MOHEGAN LAKE, NY 10547 7 Foreign tax paid 8 Farign country or U.S. possession 9 Cash liquidation distributions 10 Noncash liquidation dstributions $ FATCA filing requirement 12 Speaified private activity 11 Exempt-interest dividends bond interest dividends Account number (see instructions) 13 State 14 Sate identficaton no. 15 State tax withheld $ Form 1099-DIV (keep for your records) Department of the Treasury- Intemal Revenue Service www.irs.gov/Fom1099DIV CORRECTED (if checked) 1a Total ordinary dividends PAYER'S name, street address, dity or town, state or province, country, ZIP OMB No. 1545-0110 or foreign postal code, and telephone no. $ 2018 Dividends and Distributions 1b Qualified dividends Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ 2a Total capital gain distr Copy B For Recipient $ RECIPIENT'S TIN Collectibles (28% ) gain 2c Section 1202 gain PAYER'S TIN 2d S RECIPIENTS name, street address, city, state, country and ZIP code Federal income tax withheld 3 Nondividend distributions 4 5 Section 199A dividends 6 Investment expenses This is important tax information and is being furnished to the IRS. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable $ 8 Farign country or U.S. possession 7 Foreign tax paid $ 9 Cash liquidation distributions 10 Noncash lquidation dstrbutions $ $ and the IRS determines that it has not been reported FATCA filing requirement 11 Exempt-interest dividends 12 Specfied private activity bond interest dividends $ Account number (see instructions) 13 State 14 Sate identficaton no. 15 State tax withheld (keep for your records) Form 1099-DIV www.irs.gov/Form1099DIV Department of the Treasury-Intemal Revenue Service PAYER'S name, street address, dty or town, state or province, country, ZIP or foreign postal code, and telephone no. 1a Total ordinary dividends OMB No. 1545-0110 $ GLOBAL INTERNATIONAL FUND 14522.00 2018 Dividends and Distributions 98 MANEATER HIGHWAY 1b Qualified dividends PHOENIX, AZ 85033 $ 11965.00 Form 1099-DIV 2a Total capital gain distr. 2b Unrecap. Sec. 1250 gain Copy B For Recipient 6352.00 12.00 RECIPIENTS TIN 2c Section 1202 gain Collectibles (28 % ) gain PAYER'S TIN 2d 56-7890102 xxx-xx-7890 $ $ RECIPIENTS name, street address, city, state, country and ZIP code 3 Nondividend distributions Federal income tax withheld $ $ 1452.00 FREDERICK FERBER 5 Section 199A dividends 6 Investment expenses This is important tax information and is being fumished to the IRS. If you are required to fle a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. 1771 AMAZON ROAD $ 666.00 $ MOHEGAN LAKE, NY 10547 Foreign tax paid 8 7 Foreign country or U.S possession $ 187.00 Vanuatu 9 Cash liquidation distributions 10 Noncash liquidation distributions $ FATCA ling requirement 12 Specified pnivate activity 11 Exempt-interest dividends bond interest dividends $ 1506.00 366.00 Account number (see instructions) 13 State 14 Sate identicason no 15 State tax withheld NY $ 185.00 $ Form 1099-DIV (keep for your records) www.irs.gov/Form1099DIV Department of the Treasury Intemal Revenue Service CORRECTED (if checked) PAYER'S name, street address, dty or town, state or province, country, ZIP 1a Total ordinary dividends OMB No. 1545-0110 or foreign postal code, and telephone no. $ 2018 Dividends and Distributions 1b Qualified dividends $ Form 1099-DIV 2a Total capital gain dist 2b Unrecap. Sec. 1250 gain Copy B For Recipient $ 2d Collectibles (28% ) gain 2c Section 1202 gain PAYER'S TIN RECIPIENTS TIN RECIPIENTS name, street address, city, state, country and ZIP code 3 Nondividend distributions 4 Federal income tax withheld Section 199A dividends 6 Investment expenses 5 This is important tax information and is $ being fumished to the IRS. If you are required to fle a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. Foreign tax paid 7 8 Foreign country or U.S possession $ 9 Cash liquidation distributions 10 Noncash liquidation distributions $ FATCA filing requirement 11 Exempt-interest dividends 12 Specified private activity bond interest dividends $ Account number (see instructions) 13 State 14 Sate identcaton no. 15 State tax withheld $ (keep for your records) Form 1099-DIV www.irs.gov/Form1099DIV Department of the Treasury Intemal Revenue Service a Employee's social security number 123-45-6789 OMB No. 1545-0008 1 2 Federal income tax withheld b Employer identification number (EIN) Wages, tips, other compensation 87-6543210 11650.00 2423.00 3 Social security wages Employer's name, address, and ZIP code 4 Social security tax withheld c FAMILY PHYSICIANS OF YORKTOWN HEIGHTS 11650.00 722.30 Medicare wages and tips 5 6 1000 CROMPOUND ROAD Medicare tax withheld YORKTOWN HEIGHTS, NY 10598 11650.00 168.93 8 Allocated tips 7 Social security tips 10 Dependent care benefits d Control number 9 Verification code e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 FIONA FERBER Third-paty sick pay 13 moyee Statutory Retrement 12b plan 1771 AMAZON ROAD 14 Other 12c MOHEGAN LAKE, NY 10547 12d f Employee's address and ZIP code 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc 15 State Employer's state ID number 19 Local income tax 20 Locality name 11650.00 NY 865.00 Wage and Tax W-2 statement Department of the Treasury Internal Revenue Service 2018 Form Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being furnished to the Intenal Revenue Service. Employee's social security number a OMB No. 1545-0008 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld c Employer's name, address, and ZIP code 3 Social security wages 4 Social security tax withheld 5 Medicare wages and tips 6 Medicare tax withheld 8 Allocated tips 7 Social security tips 9 Verification code 10 Dependent care benefits d Control number e Employee's first name and initial Suff. 11 Nonqualified plans See instructions for box 12 Last name 12a Statutory Retrement plan Third-party sick pay 13 12b employee 14 Other 12c 12d f Employee's address and ZIP code 15 State 16 State wages, tips, etc. 18 Local wages, tips, etc. 19 Local income tax Employer's state ID number 17 State income tax 20 Locality name 2018 Department of the Treasury-Internal Revenue Service W-2Wage and Tax From the Ferbers to our new accountants We are Fiona and Frederick Ferber and are married with three children. Fiona is a psychiatrist working at West Point and has a part time job working for a local medical group, Family Physicians of Yorktown Heights, treating patients suffering from "Factitious Disease by Proxy" who have harmed their children. Frederick manages his own retail store called "Fred's Fun by the Fistful" (Id# 16-1234567) which offers amusing items for sale. They had a very interesting year this year. In January, they went to Disneyland California. In May, they went to Disney World Orlando and in December they went to Disneyland Paris. However, in July, their oldest son, Finn, was caught with several ounces of Marijuana and was convicted of a felony. However, his school allowed him to continue into his sophomore year this semester Specific Information about the family follows: Address: 1771 Amazon Rd., Mohegan Lake, NY 10547 Name Social Security Number Date of Birth 1/2/68 8/15/67 3/14/99 2/6/02 7/12/07 Fiona 123-45-6789 Frederick 234-56-7890 Finn 345-67-8901 Fabio 456-78-9012 Fantine 567-89-0123 Finn is a sophomore at Fairfield University in Fairfield, Ct. Tuition paid for him in 2018 is $43,770. Fabio is in high school and Fantine is in grade school. They are both good students and Fantine wants to be a veterinarian The Ferbers donated money to charity as follows: Cherokee Strip Land Rush Museum Inc. 1,000 Nutrition Plus, Inc. 1,500 Greenpeace USA 2,000 Uganda Orphans Fund 1,200 Misc. Small Donations 5,025 The Ferbers have receipts from all the above organizations. Frederick's father Frank died 3/14/2018. He left behind, to his only child Frederick, $19,000, a house worth $265,000 (Fred sold it for that amount on 3/31/2018), and the following stock investments: Date bought Date Sold NO. OF Stock Sale Price Cost SHARES 3/31/18 10/31/18 11/15/18 3/1/18 2/29/18 9/15/17 100 IBM 1498 1322 100 APPLE 11400 9700 2270 150 GE 3900 Fred's Fun by the Fistful, located at 990 US-6, Peekskill NY, is a single member LLC. For 2018, Cash Sales were 322,945, and accounts receivable grew by 8,000. Ending inventory of 2,090 grew by 10% from last year. Purchases were 124,500. Payroll was 65,000 and payroll taxes were 6,500. Office expenses were 1,350 including 150 paid at the beginning of 2019. Legal and accounting costs were 3,000, Bank fees were 300, liability insurance was 2,700, internet service fees were 1,400, Telephone was 765, and utilities were 1,850 for the store space The store was located on the ground floor of a building with 2 apartments above. Frederick owns the building. Property taxes for the building were 12,500. Insurance on the building was 1,650. The apartments were rented all year and the tenants each paid $700 per month and all utilities. In July, he put on a new roof for $7,500 and performed 800 in repairs to the apartments. Frederick bought the building on 2/1/05 for 350,000. At that time, he estimated the land value was 25,000. Frederick perceived that future generations of friendly kids were not interested in Fistfuls of Fun since they were not electronic fun items. He closed the business 12/31/18. He gave the remaining inventory to the local children's hospital and sold the building for $275,000. He paid a real estate broker 13,250 out of the sale proceeds and legal fees of 1.250. The forms we received are attached Please prepare all of our 2018 tax returns. We know we're late and will pay any required payments. PAYER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 1a Total ordinary dividends OMB No. 1545-0110 1655.00 $ HAL COMPUTER CORP 2018 Dividends and Distributions 1 HARD DRIVE 1b Qualified dividends BEVERLY HILLS, CA 90211 Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ 911.00 2a Total capital gain distr py B For Recipient 2c Section 1202 gain 2d Collectibles (28 %) gain PAYER'S TIN RECIPIENT'S TIN 65-4321098 XXX-XX-7890 3 Nondividend distributions Federal income tax wthheld RECIPIENT'S name, street address, city, state, country and ZIP code 4 $ FREDERICK FERBER 5 Section 199A dividends 6 Investment expenses This is important tax information and is being furnished to the IRS. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported $ 1771 AMAZON ROD MOHEGAN LAKE, NY 10547 7 Foreign tax paid 8 Farign country or U.S. possession 9 Cash liquidation distributions 10 Noncash liquidation dstributions $ FATCA filing requirement 12 Speaified private activity 11 Exempt-interest dividends bond interest dividends Account number (see instructions) 13 State 14 Sate identficaton no. 15 State tax withheld $ Form 1099-DIV (keep for your records) Department of the Treasury- Intemal Revenue Service www.irs.gov/Fom1099DIV CORRECTED (if checked) 1a Total ordinary dividends PAYER'S name, street address, dity or town, state or province, country, ZIP OMB No. 1545-0110 or foreign postal code, and telephone no. $ 2018 Dividends and Distributions 1b Qualified dividends Form 1099-DIV 2b Unrecap. Sec. 1250 gain $ 2a Total capital gain distr Copy B For Recipient $ RECIPIENT'S TIN Collectibles (28% ) gain 2c Section 1202 gain PAYER'S TIN 2d S RECIPIENTS name, street address, city, state, country and ZIP code Federal income tax withheld 3 Nondividend distributions 4 5 Section 199A dividends 6 Investment expenses This is important tax information and is being furnished to the IRS. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable $ 8 Farign country or U.S. possession 7 Foreign tax paid $ 9 Cash liquidation distributions 10 Noncash lquidation dstrbutions $ $ and the IRS determines that it has not been reported FATCA filing requirement 11 Exempt-interest dividends 12 Specfied private activity bond interest dividends $ Account number (see instructions) 13 State 14 Sate identficaton no. 15 State tax withheld (keep for your records) Form 1099-DIV www.irs.gov/Form1099DIV Department of the Treasury-Intemal Revenue Service PAYER'S name, street address, dty or town, state or province, country, ZIP or foreign postal code, and telephone no. 1a Total ordinary dividends OMB No. 1545-0110 $ GLOBAL INTERNATIONAL FUND 14522.00 2018 Dividends and Distributions 98 MANEATER HIGHWAY 1b Qualified dividends PHOENIX, AZ 85033 $ 11965.00 Form 1099-DIV 2a Total capital gain distr. 2b Unrecap. Sec. 1250 gain Copy B For Recipient 6352.00 12.00 RECIPIENTS TIN 2c Section 1202 gain Collectibles (28 % ) gain PAYER'S TIN 2d 56-7890102 xxx-xx-7890 $ $ RECIPIENTS name, street address, city, state, country and ZIP code 3 Nondividend distributions Federal income tax withheld $ $ 1452.00 FREDERICK FERBER 5 Section 199A dividends 6 Investment expenses This is important tax information and is being fumished to the IRS. If you are required to fle a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. 1771 AMAZON ROAD $ 666.00 $ MOHEGAN LAKE, NY 10547 Foreign tax paid 8 7 Foreign country or U.S possession $ 187.00 Vanuatu 9 Cash liquidation distributions 10 Noncash liquidation distributions $ FATCA ling requirement 12 Specified pnivate activity 11 Exempt-interest dividends bond interest dividends $ 1506.00 366.00 Account number (see instructions) 13 State 14 Sate identicason no 15 State tax withheld NY $ 185.00 $ Form 1099-DIV (keep for your records) www.irs.gov/Form1099DIV Department of the Treasury Intemal Revenue Service CORRECTED (if checked) PAYER'S name, street address, dty or town, state or province, country, ZIP 1a Total ordinary dividends OMB No. 1545-0110 or foreign postal code, and telephone no. $ 2018 Dividends and Distributions 1b Qualified dividends $ Form 1099-DIV 2a Total capital gain dist 2b Unrecap. Sec. 1250 gain Copy B For Recipient $ 2d Collectibles (28% ) gain 2c Section 1202 gain PAYER'S TIN RECIPIENTS TIN RECIPIENTS name, street address, city, state, country and ZIP code 3 Nondividend distributions 4 Federal income tax withheld Section 199A dividends 6 Investment expenses 5 This is important tax information and is $ being fumished to the IRS. If you are required to fle a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. Foreign tax paid 7 8 Foreign country or U.S possession $ 9 Cash liquidation distributions 10 Noncash liquidation distributions $ FATCA filing requirement 11 Exempt-interest dividends 12 Specified private activity bond interest dividends $ Account number (see instructions) 13 State 14 Sate identcaton no. 15 State tax withheld $ (keep for your records) Form 1099-DIV www.irs.gov/Form1099DIV Department of the Treasury Intemal Revenue Service a Employee's social security number 123-45-6789 OMB No. 1545-0008 1 2 Federal income tax withheld b Employer identification number (EIN) Wages, tips, other compensation 87-6543210 11650.00 2423.00 3 Social security wages Employer's name, address, and ZIP code 4 Social security tax withheld c FAMILY PHYSICIANS OF YORKTOWN HEIGHTS 11650.00 722.30 Medicare wages and tips 5 6 1000 CROMPOUND ROAD Medicare tax withheld YORKTOWN HEIGHTS, NY 10598 11650.00 168.93 8 Allocated tips 7 Social security tips 10 Dependent care benefits d Control number 9 Verification code e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 FIONA FERBER Third-paty sick pay 13 moyee Statutory Retrement 12b plan 1771 AMAZON ROAD 14 Other 12c MOHEGAN LAKE, NY 10547 12d f Employee's address and ZIP code 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc 15 State Employer's state ID number 19 Local income tax 20 Locality name 11650.00 NY 865.00 Wage and Tax W-2 statement Department of the Treasury Internal Revenue Service 2018 Form Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being furnished to the Intenal Revenue Service. Employee's social security number a OMB No. 1545-0008 b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld c Employer's name, address, and ZIP code 3 Social security wages 4 Social security tax withheld 5 Medicare wages and tips 6 Medicare tax withheld 8 Allocated tips 7 Social security tips 9 Verification code 10 Dependent care benefits d Control number e Employee's first name and initial Suff. 11 Nonqualified plans See instructions for box 12 Last name 12a Statutory Retrement plan Third-party sick pay 13 12b employee 14 Other 12c 12d f Employee's address and ZIP code 15 State 16 State wages, tips, etc. 18 Local wages, tips, etc. 19 Local income tax Employer's state ID number 17 State income tax 20 Locality name 2018 Department of the Treasury-Internal Revenue Service W-2Wage and Tax
