Hi Dear, Can you help me on this please!!
these two pages are the problems,
need to be completed on Form 1040z
Gillian Welch - 2021 Federal Income Tax Return Gillian Welch lives at 177 Bluegrass Rd, Franklin, Tennessee, 37064. She married David Rawlings in 2014 , but the couple divoreed in May 2021. Gillian has not remarried, and she has lived in a condo that she rents from a local landlord since the divorce. David decided to move to nearby Nashvilie, Tennessee, after the divorce. Per her divorce decree with David, executed May 2021 , she has custody of their eleven-year-old daughter, Emmy Lou, While Emmy Lou occasionally visits her dad on the weekends, she spends most of her time living with her mom in Franklin. The divorce decree stipulates that David must pay alimony to Gillian each year as long as she remains alive and single. It further stipulates that David must pay child support for Emmy Lou. In 2021, David paid $32,000 of alimony and $16,000 in child support. The decree gives David the right to claim the dependency exemption, along with any associated credits, for Emmy Lou as long as she is eligible to be a dependent of either parent, Gillian and David have already filed the necessary forms to make sure this happens. Gillian is a US citizen. she would like to receive any tax refund she is owed via check, she has informed you that she has no interests in foreign bank accounts or foreign trusts, and that she would not like to contribute to the Presidential Election Campaign. Also, Gillian did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency during 2021 . Gillian's family information is listed in the below table: During the year, Gillian worked for various companies. All appropriate payroll taxes were withheld by her employers. The Forms W-2 that Gillian received contain the following information: In addition, Gillian received the following income during the year: Also, Gillian is a 25% owner of Folk Classics, Inc., which is an Scorporation that reported $38,000 of ordinary business income in 2021. she has held her interest in the company for five years. Gillian is not considered a passive investor in the company. Folk Classics' Employer Identification Number (EIN) is 13-49622587. During the year, Revelator, LLC, provided Gillian with $42,000 of group-term life insurance coverage. This cost the company $113. In October, Gillian won five tickets to a private Paul White concert in Chattanooga. she won the tickets from a local radio station. Each ticket was worth $500. There was no withholding on this amount at the time Gillian received the tickets. In November, due to a downturn in the economy, Gillian lost her jobs at all three companies. she then went on unemployment and received a total of $2,000 for the year. she has been searching for a new job ever since. Finally, Gillian informs you that she and Emmy Lou had qualifying minimum health insurance coverage for the whole year. Note: You may assume that there are no penalties for underpayments, late payments, or late filing. You may also ignore any alternative minimum tax implications. Finally, you do not need to prepare a Schedule K-1 for Gillian's interest in Folk Classics, Inc. 1040 Filing Status Single Maried filing joimy Maried tling separately Mrsi Head of househide MOH Qualifing widowien ickn one bou. "you checked he MPS box, ente the name of your spoise. If you checked the HOH or ow boc enter ne chats name it he qualfing one bouk penon is a child but nat your dependont At any tirne during 2021, did you reoeive, sel, exctange or othenwise disoose of any financial interest in ary vitual coununcy? Ys No Standard Someone can claims Q You as a dependent D Your spouse as a dependent Deduction [ spouse flenizes on a separate retum or you were a dual-statun alien cos=1000 Fom 1040(2021) Page 2 25 Federal income tax withheld from: a Formis) W-2 b Form(s) 1099 c Other forms (see instructions) d Add lines 25a through 25c Gillian Welch lives at 177 Bluegrass Rd, Franklin, Tennessee, 37064. She married David Rawlings in 2014, but the couple divorced in May 2021. Gilian has not remarried, and she has lived in a condo that she rents from a local landlord since the divorce. David decided to move to nearby Nashville, Tennessee, after the divorce. Per her divorce decree with David, executed May 2021, she has custody of their eleven-year-old daughter, Emmy Lou. While Emmy Lou occasionally visits her dad on the weekends, she spends most of her time living with her mom in Franklin. The divorce decree stipulates that David must pay alimony to Gillian each year as long as she remains alive and single. it further stipulates that David must pay child support for Emmy Lou. In 2021, David paid $32,000 of alimony and $16,000 in child support. The decree gives David the right to claim the dependency exemption, along with any associated credits, for Emmy Lou as long as she is eligible to be a dependent of either parent. Gillian and David have already filed the necessary forms to make sure this happens. Gillian is a US citizen, she would like to receive any tax refund she is owed via check. she has informed you that she has no interests in foreign bank accounts or foreign trusts, and that she would not like to contribute to the Presidential Election Campaign. Ass, Gillian did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency during 2021. Gillian's family information is listed in the below table: During the year, Gillian worked for various companies. All appropriate payroll taxes were withheld by her employers. The Forms W-2 that Gillian received contain the following information: In addition, Gillian received the following income during the year: Also, Gillian is a 25\% owner of Folk Classics, Inc, which is an S-corporation that reported $38,000 of ordinary business income in 2021. she has held her interest in the company for five years. Gillian is not considered a passive investor in the company. Folk Classics' Employer Identification Number (EIN) is 13.49622587. During the year, Revelator, UL, provided Gillian with $42,000 of group-term lffe insurance coverage. This cost the company $113. In October, Gillian won five tickets to a private Paul White concert in Chattanooga. she won the tickets from a local radio station. Each ticket was worth $500. There was no withholding on this amount at the time Gillian received the tickets. In November, due to a downturn in the economy, Gillian lost her jobs at all three companies she then went on unemployment and received a total of $2,000 for the year, she has been searching for a new job ever since. Finally, Gillian informs you that she and Emmy lou had qualifying minimum health insurance coverage for the whole year. Note: You may assume that there are no penalties for underpoyments, late poyments, or late fling. You may also ignore any altemative minimum tax implications. Finally, you do not need to prepare a Schedule K-1 for Gillion's interest in Folk Classics, inc. Gillian Welch - 2021 Federal Income Tax Return Gillian Welch lives at 177 Bluegrass Rd, Franklin, Tennessee, 37064. She married David Rawlings in 2014 , but the couple divoreed in May 2021. Gillian has not remarried, and she has lived in a condo that she rents from a local landlord since the divorce. David decided to move to nearby Nashvilie, Tennessee, after the divorce. Per her divorce decree with David, executed May 2021 , she has custody of their eleven-year-old daughter, Emmy Lou, While Emmy Lou occasionally visits her dad on the weekends, she spends most of her time living with her mom in Franklin. The divorce decree stipulates that David must pay alimony to Gillian each year as long as she remains alive and single. It further stipulates that David must pay child support for Emmy Lou. In 2021, David paid $32,000 of alimony and $16,000 in child support. The decree gives David the right to claim the dependency exemption, along with any associated credits, for Emmy Lou as long as she is eligible to be a dependent of either parent, Gillian and David have already filed the necessary forms to make sure this happens. Gillian is a US citizen. she would like to receive any tax refund she is owed via check, she has informed you that she has no interests in foreign bank accounts or foreign trusts, and that she would not like to contribute to the Presidential Election Campaign. Also, Gillian did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency during 2021 . Gillian's family information is listed in the below table: During the year, Gillian worked for various companies. All appropriate payroll taxes were withheld by her employers. The Forms W-2 that Gillian received contain the following information: In addition, Gillian received the following income during the year: Also, Gillian is a 25% owner of Folk Classics, Inc., which is an Scorporation that reported $38,000 of ordinary business income in 2021. she has held her interest in the company for five years. Gillian is not considered a passive investor in the company. Folk Classics' Employer Identification Number (EIN) is 13-49622587. During the year, Revelator, LLC, provided Gillian with $42,000 of group-term life insurance coverage. This cost the company $113. In October, Gillian won five tickets to a private Paul White concert in Chattanooga. she won the tickets from a local radio station. Each ticket was worth $500. There was no withholding on this amount at the time Gillian received the tickets. In November, due to a downturn in the economy, Gillian lost her jobs at all three companies. she then went on unemployment and received a total of $2,000 for the year. she has been searching for a new job ever since. Finally, Gillian informs you that she and Emmy Lou had qualifying minimum health insurance coverage for the whole year. Note: You may assume that there are no penalties for underpayments, late payments, or late filing. You may also ignore any alternative minimum tax implications. Finally, you do not need to prepare a Schedule K-1 for Gillian's interest in Folk Classics, Inc. 1040 Filing Status Single Maried filing joimy Maried tling separately Mrsi Head of househide MOH Qualifing widowien ickn one bou. "you checked he MPS box, ente the name of your spoise. If you checked the HOH or ow boc enter ne chats name it he qualfing one bouk penon is a child but nat your dependont At any tirne during 2021, did you reoeive, sel, exctange or othenwise disoose of any financial interest in ary vitual coununcy? Ys No Standard Someone can claims Q You as a dependent D Your spouse as a dependent Deduction [ spouse flenizes on a separate retum or you were a dual-statun alien cos=1000 Fom 1040(2021) Page 2 25 Federal income tax withheld from: a Formis) W-2 b Form(s) 1099 c Other forms (see instructions) d Add lines 25a through 25c Gillian Welch lives at 177 Bluegrass Rd, Franklin, Tennessee, 37064. She married David Rawlings in 2014, but the couple divorced in May 2021. Gilian has not remarried, and she has lived in a condo that she rents from a local landlord since the divorce. David decided to move to nearby Nashville, Tennessee, after the divorce. Per her divorce decree with David, executed May 2021, she has custody of their eleven-year-old daughter, Emmy Lou. While Emmy Lou occasionally visits her dad on the weekends, she spends most of her time living with her mom in Franklin. The divorce decree stipulates that David must pay alimony to Gillian each year as long as she remains alive and single. it further stipulates that David must pay child support for Emmy Lou. In 2021, David paid $32,000 of alimony and $16,000 in child support. The decree gives David the right to claim the dependency exemption, along with any associated credits, for Emmy Lou as long as she is eligible to be a dependent of either parent. Gillian and David have already filed the necessary forms to make sure this happens. Gillian is a US citizen, she would like to receive any tax refund she is owed via check. she has informed you that she has no interests in foreign bank accounts or foreign trusts, and that she would not like to contribute to the Presidential Election Campaign. Ass, Gillian did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency during 2021. Gillian's family information is listed in the below table: During the year, Gillian worked for various companies. All appropriate payroll taxes were withheld by her employers. The Forms W-2 that Gillian received contain the following information: In addition, Gillian received the following income during the year: Also, Gillian is a 25\% owner of Folk Classics, Inc, which is an S-corporation that reported $38,000 of ordinary business income in 2021. she has held her interest in the company for five years. Gillian is not considered a passive investor in the company. Folk Classics' Employer Identification Number (EIN) is 13.49622587. During the year, Revelator, UL, provided Gillian with $42,000 of group-term lffe insurance coverage. This cost the company $113. In October, Gillian won five tickets to a private Paul White concert in Chattanooga. she won the tickets from a local radio station. Each ticket was worth $500. There was no withholding on this amount at the time Gillian received the tickets. In November, due to a downturn in the economy, Gillian lost her jobs at all three companies she then went on unemployment and received a total of $2,000 for the year, she has been searching for a new job ever since. Finally, Gillian informs you that she and Emmy lou had qualifying minimum health insurance coverage for the whole year. Note: You may assume that there are no penalties for underpoyments, late poyments, or late fling. You may also ignore any altemative minimum tax implications. Finally, you do not need to prepare a Schedule K-1 for Gillion's interest in Folk Classics, inc
