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Hello, Please help me complete this tax return. ... 7. Taxable income: $50613 Refund:$9486 Please complete the 2019 federal income tax return for Holly Hansen.

Hello, Please help me complete this tax return.

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... 7. Taxable income: $50613 Refund:$9486 Please complete the 2019 federal income tax return for Holly Hansen. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Holly Hansen has undergone some major changes in her life recently. In 2017, at the age of 46, her husband, Barny, passed away. Holly has not remarried as of the end of 2019. Holly currently lives in Bedford, Pennsylvania. She was living in Pittsburgh when her husband passed away but she moved back to her childhood home so she could get help from her family raising her children. Holly was employed in Pittsburgh early in the year but left that job and relocated 100 miles away to pursue a new life and start her new job. Holly has three children (ages as of the end of the year): Jill (23), Fred (16), and Ralph (11). Holly would like to determine her federal income tax under the filing status that is most advantageous for her. Holly reported the following information: Holly's social security number is 292-63-1845 Jill's social security number is 825-86-8457 Fred's social security number is 828-39-7584 Ralph's social security number is 825-66-1984 Holly's mailing address is 623 S. Liberty Road Kutztown, Pennsylvania 19530 Jill is unmarried and a full-time graduate student at Pennsylvania State University (PSU) (EIN 24- 6000376). PSU's address is 1250 Happy Valley, State College, PA 16801. She received her bachelor's degree the year her father passed away. This year represents her fifth year of full-time higher education schooling. Jill works part-time in State College to help with some of her living expenses. Jill earned $2,300 in gross income during the year and had her income tax return prepared on campus by Volunteer Income Tax Assistance (VITA) volunteers. Holly provided support for Jill including paying for rent, books, tuition, food, clothes, medicine, and other support items. In total, Holly provided $12,700 of support for the year. PSU provided Jill with a Form 1098-T at year end. Jill's higher education expenses for her university studies were as follows: Tuition $6,500 Books $1084 In order to for Holly to maintain a full-time job, she sends Ralph to a day care program after school five days a week. During the year, Holly paid the day care operator $4,250 for Ralph's care. The day care details are as follows: Evil Brat Day Care 452 S. Jackson Road Reading, PA 19602 EIN: 43-6598324 Holly's W-2s for the year reported the following: Employer Gross Wages Federal Income Tax Withholding $11603 State Income Tax Withholding $3548 $57348 Juniata Development Corporation Pittsburgh Real Estate $2,450 $200 $125 Holly's employers withheld all applicable and appropriate payroll taxes. The entire Hansen family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Holly's employers. On January 1, 2018 (prior year), Holly started a photography business in which she takes bridal and wedding photographs. She does not do any of the professional printing. However, she provides all the digital files to her clients on a password-protected web site as part of her service. This unique service, along with her skill and reputation, has allowed her to earn additional money on the weekends, primarily in the summer, to help support her daughter in college. Holly rents all the camera equipment and does not currently own any equipment herself. The photography business uses the cash method of accounting. The business did not have any obligation to file a Form 1099 to any payee during the year. Holly reported the following revenue and expenses for her business this year: Gross Revenue Photographic supplies Camera rental Web site hosting fee $13925 $ 430 $1,050 $ 200 Holly also received the following amounts in 2019: Life Insurance Payment-Mutual Life (Mother's passing) $150,000 Cash gift from her father $ 5,000 Interest income-First Bank of Bedford $ 310 Interest income-General Electric Bond $ 3,200 Interest income-Bedford School District Municipal Bond $ 2,500 Interest income-Johnstown Rural Improvement District Bond $ 1,300 PA state income tax refund $ *Refund was from state tax she paid in 2018. Holly deducted all her state taxes as itemized deductions, and received full tax benefit for the deductions, on her 2018 federal tax return. 325 Holly did not own, control or manage any foreign bank accounts, nor was she a grantor or beneficiary of a foreign trust during the tax year. Holly made the following payments during 2019: Dentist (unreimbursed by insurance) $1,500 Doctors (unreimbursed by insurance) $ 475 Prescriptions (unreimbursed by insurance) $ 255 Real property taxes on residence $ 950 Vehicle registration fee based upon age of vehicle $ 175 Mortgage interest on principal residence (Form 1098 received) $6,845 Contribution to the American Lung Association $ 600 Contribution to the Habitat for Humanity $1,000 Contribution to Methodist Church of PA $3,000 Contribution to Penn State University $ 400 ... 7. Taxable income: $50613 Refund:$9486 Please complete the 2019 federal income tax return for Holly Hansen. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Holly Hansen has undergone some major changes in her life recently. In 2017, at the age of 46, her husband, Barny, passed away. Holly has not remarried as of the end of 2019. Holly currently lives in Bedford, Pennsylvania. She was living in Pittsburgh when her husband passed away but she moved back to her childhood home so she could get help from her family raising her children. Holly was employed in Pittsburgh early in the year but left that job and relocated 100 miles away to pursue a new life and start her new job. Holly has three children (ages as of the end of the year): Jill (23), Fred (16), and Ralph (11). Holly would like to determine her federal income tax under the filing status that is most advantageous for her. Holly reported the following information: Holly's social security number is 292-63-1845 Jill's social security number is 825-86-8457 Fred's social security number is 828-39-7584 Ralph's social security number is 825-66-1984 Holly's mailing address is 623 S. Liberty Road Kutztown, Pennsylvania 19530 Jill is unmarried and a full-time graduate student at Pennsylvania State University (PSU) (EIN 24- 6000376). PSU's address is 1250 Happy Valley, State College, PA 16801. She received her bachelor's degree the year her father passed away. This year represents her fifth year of full-time higher education schooling. Jill works part-time in State College to help with some of her living expenses. Jill earned $2,300 in gross income during the year and had her income tax return prepared on campus by Volunteer Income Tax Assistance (VITA) volunteers. Holly provided support for Jill including paying for rent, books, tuition, food, clothes, medicine, and other support items. In total, Holly provided $12,700 of support for the year. PSU provided Jill with a Form 1098-T at year end. Jill's higher education expenses for her university studies were as follows: Tuition $6,500 Books $1084 In order to for Holly to maintain a full-time job, she sends Ralph to a day care program after school five days a week. During the year, Holly paid the day care operator $4,250 for Ralph's care. The day care details are as follows: Evil Brat Day Care 452 S. Jackson Road Reading, PA 19602 EIN: 43-6598324 Holly's W-2s for the year reported the following: Employer Gross Wages Federal Income Tax Withholding $11603 State Income Tax Withholding $3548 $57348 Juniata Development Corporation Pittsburgh Real Estate $2,450 $200 $125 Holly's employers withheld all applicable and appropriate payroll taxes. The entire Hansen family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Holly's employers. On January 1, 2018 (prior year), Holly started a photography business in which she takes bridal and wedding photographs. She does not do any of the professional printing. However, she provides all the digital files to her clients on a password-protected web site as part of her service. This unique service, along with her skill and reputation, has allowed her to earn additional money on the weekends, primarily in the summer, to help support her daughter in college. Holly rents all the camera equipment and does not currently own any equipment herself. The photography business uses the cash method of accounting. The business did not have any obligation to file a Form 1099 to any payee during the year. Holly reported the following revenue and expenses for her business this year: Gross Revenue Photographic supplies Camera rental Web site hosting fee $13925 $ 430 $1,050 $ 200 Holly also received the following amounts in 2019: Life Insurance Payment-Mutual Life (Mother's passing) $150,000 Cash gift from her father $ 5,000 Interest income-First Bank of Bedford $ 310 Interest income-General Electric Bond $ 3,200 Interest income-Bedford School District Municipal Bond $ 2,500 Interest income-Johnstown Rural Improvement District Bond $ 1,300 PA state income tax refund $ *Refund was from state tax she paid in 2018. Holly deducted all her state taxes as itemized deductions, and received full tax benefit for the deductions, on her 2018 federal tax return. 325 Holly did not own, control or manage any foreign bank accounts, nor was she a grantor or beneficiary of a foreign trust during the tax year. Holly made the following payments during 2019: Dentist (unreimbursed by insurance) $1,500 Doctors (unreimbursed by insurance) $ 475 Prescriptions (unreimbursed by insurance) $ 255 Real property taxes on residence $ 950 Vehicle registration fee based upon age of vehicle $ 175 Mortgage interest on principal residence (Form 1098 received) $6,845 Contribution to the American Lung Association $ 600 Contribution to the Habitat for Humanity $1,000 Contribution to Methodist Church of PA $3,000 Contribution to Penn State University $ 400

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