Question
Hello Tutor, I've attached several sheets that need to be completed and they seem to delete themselves once I submit to you. What can I
Hello Tutor, I've attached several sheets that need to be completed and they seem to delete themselves once I submit to you. What can I do?
Tax Research Project
With be provided information, please complete the forms 1040, Schedule A, Schedule B, and Schedule D.
John and Jane Doe are married retired taxpayers who care for their three-year-old grandson.The following information was provided to you as documentation necessary to prepare their 2017 tax return.You will gather the appropriate information and complete the forms provided in Blackboard (1040, Schedule A, Schedule B and Schedule D) in preparation of their tax file.Please note that the forms provided may not match the tax year of the course, as IRS forms are not available until just before the start of the filing season, and this course generally is approximately a year ahead of the actual form releases.Therefore, do not worry about the year on top of the forms, but utilize information for the current year of the textbook in use for this course when determining deduction amounts, exemption amounts, and tax rates.
Taxpayer:
Name:John Doe
DOB:6/29/1950
SSN:555-12-3456
Spouse:
Name:Jane Doe
DOB:7/4/1948
SSN:555-65-4321
Dependent:
Name:Jimmy Doe
DOB:1/12/2014
SSN:555-68-9101
Mailing Address:
12345 Any Street
Los Angeles, Ca 90124
In addition to the attached documents (see TRP 2 Additional Documents.docx), the taxpayer provided the following information:
Deductions
Prescription Medication: $638
Doctor's Visits: $2,904
Insurance Premiums out of pocket (not including Medicare premiums deducted from social security): $5,125
Medical Miles Driven: 410
Deductible DMV registration fees: $170
Income:
Received a gift from Jane's mother, $12,000
Sold Stock with a basis of $10,000 for $13,500.Held the stock for more than one year
Sold stock with a basis of $5,000 for $5,500.Held the stock for less than one year.
Finally, all three members of the family had qualifying health insurance for the entire year.
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