how would I fill out this example tax return?

Use the Form W-2 and Form 1099 INT for Jim Beam for 2020 to complete a 2020 Form 1040 and any required schedules. In addition to the two information returns, note that Jim also made $600 in charitable contributions and received a $275 refund from his 2019 Illinois income tax return on April 30, 2020. Ask any questions regarding the return on the appropriate discussion board thread (this includes any questions you may have for your client, Jim Beam). He wants any overpayment refunded -- just put Xs in the account number boxes. Jim is 23 and is unmarried (he has never been married) -- Jim does not know what you mean regarding filing status. You may need to determine that. He has no dependents. His only itemized deductions are his state income tax withholding and his charitable contributions. He does want $3 to go to the Presidential Election Campaign fund. He has not done anything with virtual currency. a Employee's sociality number Safe, te, Visit the web 1 Wagh competion 2 Federate with e Employer's ro, ond Pool Social Security was 4 Gocrity to withheld 4082.00 2,635.00 676 as 5 More wand lips 6 Medicare tax with & Allocated tips d Control number 222-22-222 CMB NO. 1545 con PAS Use are file www.sgolete Employer entication number 12-34.56789 42.500.- IGA 42, 500" Main St. 42,500.- Trenton, IL 62293 7 Social curtype XYZ 123 9 10 Dependente berita Employee's from and initial Su 11 Noidalam 12a See Instructions for box 12 Jim I. Beam OD 5000.co 123 Second St. 14 Over 120 Trenton 62293 Last name 19 mu say 125 IL 120 Employee's address and ZIP code Stale Employer's state ID number ILL 16 State wages, etc. 17 State income tax 18 Local tips, 19 Local income tax 20 lei 42,500.0 7,900.00 2020 Department of the Treasury nemal Revenue Service W-2 Wage and Tax Statement m py B-To Be Filed With Employee's FEDERAL Tax Return. information is being furnished to the Internal Revenue Service CORRECTED (if checked) PURS dd, yor, ale price, country, Papers on orang permode, and open OMS No. 1845-0112 Tempo Bank 987 Broadway St. Trenton, IL 62293 2020 250 50.00 88-8888888 400.00 Jim I. Beam Interest 1 income Income .00 $ Form 1099-INT 2 Early withdraw penalty PAYERS TIN Copy B RECENTS TIN IS U Saving Band design For Recipient 222-22-2032 Is RECIPIENTS rence when expres This aportant tas $ Indommation and is bong tumished to the Fornax puld 7 FUS Sretanding at. ) IRS. you are IS required to fin STAR GANT st 9 Speedy Band reum, negligence Section may be penalty or other City ortowe or provincitry, and IP or postal code $ Is Imposed on youll 10 Medict 11 Band promim this income table and the IRS determines that FATCA $ $ not been reported rannalary 13 Blk.com $ $ Account number one 14 Tendo credit 15 16 17 Statietox wiehed bond CUP I$ ABC 098 $ Form 1099-INT (keep for your records) www.rsgow FINT Department of the Trembury Service 123 Second St, Trenton, IL 60293 150.00 2020 Department of the Treasury Internal Revenue Service (99) $1040 U.S. Individual Income Tax Return OMB No 1545-0074 FS Use Only-Do not writerstaple in this Filing Status Single Married ting jointly Married filing separately (MFS) Head of household HOH Qualitying widower (W) Check only one box, If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number Jim I 1222 122 12 I joint return, spouse's first name and middle initial Last name Spouse's social security number Home address number and street). you have a P.O. box.se instructions Ast.no Presidential Election Campaign 123 Second Check here if you, or your St Sute ZIP spouseffing jointly, want $3 City, town, or post office. If you have a foreign address, also completo spaces below. to go to this fund. Checking a Trenton box below will not change Foreign country rame Foreign province/stateoounty Foreign postal code your tax or refund. 2 You Spouse 'Beam 62243 No I moro 1 11.500 At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes Standard Someone can claim: You as a depondent Your spouse as a dependent Deduction Spouse Iterizes on a separate return or you were a dual-status allen Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was bom before January 2, 1956 Is bind Dependents (see instructions: (2) Social Security 2) Relationship 14 fquales for see instructions: (1) First name Last name number to you Child tax credit Credit for other dependents than four dependents, . see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 Attach 2a Tax-exempt interest. 2a 15000 b Taxable interest 2b Sch. Bit required. 3a Qualified dividends 3a 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount. 5b Standard 6a Social security benefits 6a b Taxable amount. 6b Deduction for 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7 Single of Married ing 8 Other income from Schedule 1. line 9 8 separately, $12.400 9 Add lines 1, 2, 3, 4, 5b, Eb, 7 and 8. This is your total income 9 Married ling 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 10a widower b $24.800 106 Charitable contributions if you take the standard deduction See instructions Head of c Add lines 10a and 106. These are your total adjustments to income 10c household $18,650 11 Subtract line 100 from line 9. This is your adjusted gross income 11 - if you checked 12 Standard deduction or itemized deductions from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction 14 see instructions Add lines 12 and 13 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat Ne 113200 Form 1040 2001 Use the Form W-2 and Form 1099 INT for Jim Beam for 2020 to complete a 2020 Form 1040 and any required schedules. In addition to the two information returns, note that Jim also made $600 in charitable contributions and received a $275 refund from his 2019 Illinois income tax return on April 30, 2020. Ask any questions regarding the return on the appropriate discussion board thread (this includes any questions you may have for your client, Jim Beam). Department of the Troy Attach to Form 1040, 1040-SR, or 1040-NR. In Revenue Service Go to www.Ars.gov/Form 10-40 for instructions and the latest Information Aachen S No. 01 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number 4 4 . Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 1 2a Alimony received. 2a b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C 3 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 6 Farm Income or loss). Attach Schedule F 6 7 Unemployment compensation. 7 8 Other income. List type and amount 8 9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR. line 8 9 Part II Adjustments to Income 10 Educator expenses.... 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 Health savings account deduction. Attach Form 8889 12 13 Moving expenses for members of the Armed Forces. Attach Form 3903 13 14 Deductible part of self-employment tax. Attach Schedule SE 14 15 Self-employed SEP, SIMPLE, and qualified plans 15 16 Self-employed health insurance deduction. 16 17 Penalty on early withdrawal of savings 17 18a Alimony paid. 18a b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 19 20 Student loan interest deduction 20 21 Tuition and fees deduction. Attach Form 8917 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10a For Paperwork Reduction Act Notice, see your tax return Instructions. Cal. No. 71479 Schedule 1 (Form 1040, 2020 22 SCHEDULE 2 OMB No. 1545-0074 Additional Taxes (Form 1040) 2020 Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Altachment Internal Revenue Service Go to www.lrs.gov/Form 10-40 for instructions and the latest Information. Sequence No. 02 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number Part 1 Tax 2 CSN 6 1 Alternative minimum tax. Attach Form 6251 1 Excess advance premium tax credit repayment. Attach Form 8962 2 3 Add lines 1 and 2. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 17. Part II Other Taxes 4 Self-employment tax. Attach Schedule SE. 4 5 Unreported social security and Medicare tax from Form: a 4137 b8919. 5 6 Additional tax on IRAs, other qualified retirement plans, and other tax-favored accounts. Attach Form 5329 if required 7a Household employment taxes. Attach Schedule H 7a b Repayment of first-time homebuyer credit from Form 5405. Attach Form 5405 if required 7b 8 Taxes from: a Form 8959 bForm 8960 Instructions; enter code(s) 8 9 Section 965 net tax liability installment from Form 965-A 9 10 Add lines 4 through 8. These are your total other taxes. Enter here and on Form 1040 or 1040-SR, line 23, or Form 1040-NR, line 23b 10 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 714780 Schedule 2 (Form 1040) 2020 CO SCHEDULE 3 OMB No. 1545-0074 (Form 1040) Additional Credits and Payments 2020 Department of the Treaty Attach to Form 1040, 1040-SR, or 1040-NR. Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 03 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number 1 2 3 4 5 6 7 8 9 Part 1 Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if required 2 Credit for child and dependent care expenses. Attach Form 2441 3 Education credits from Form 8863, line 19 4 Retirement savings contributions credit. Attach Form 8880 5 Residential energy credits. Attach Form 5695 6 Other credits from Form: a 3800 b8801 7 Add lines 1 through 6. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 20 Part II Other Payments and Refundable Credits 8 Net premium tax credit. Attach Form 8962. 9 Amount paid with request for extension to file (see instructions) 10 Excess social security and tier 1 RRTA tax withheld 11 Credit for federal tax on fuels. Attach Form 4136 12 Other payments or refundable credits: a Form 2439 12a b Qualified sick and family leave credits from Schedule(s) H and Form(s) 7202 12b c Health coverage tax credit from Form 8885 120 d Other: 12d e Deferral for certain Schedule H or SE filers (see instructions) 12e f Add lines 12a through 12e 13 Add lines 8 through 12f. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 31 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71480G 10 11 . . 121 13 Schedule 3 (Form 1040) 2020 Use the Form W-2 and Form 1099 INT for Jim Beam for 2020 to complete a 2020 Form 1040 and any required schedules. In addition to the two information returns, note that Jim also made $600 in charitable contributions and received a $275 refund from his 2019 Illinois income tax return on April 30, 2020. Ask any questions regarding the return on the appropriate discussion board thread (this includes any questions you may have for your client, Jim Beam). He wants any overpayment refunded -- just put Xs in the account number boxes. Jim is 23 and is unmarried (he has never been married) -- Jim does not know what you mean regarding filing status. You may need to determine that. He has no dependents. His only itemized deductions are his state income tax withholding and his charitable contributions. He does want $3 to go to the Presidential Election Campaign fund. He has not done anything with virtual currency. a Employee's sociality number Safe, te, Visit the web 1 Wagh competion 2 Federate with e Employer's ro, ond Pool Social Security was 4 Gocrity to withheld 4082.00 2,635.00 676 as 5 More wand lips 6 Medicare tax with & Allocated tips d Control number 222-22-222 CMB NO. 1545 con PAS Use are file www.sgolete Employer entication number 12-34.56789 42.500.- IGA 42, 500" Main St. 42,500.- Trenton, IL 62293 7 Social curtype XYZ 123 9 10 Dependente berita Employee's from and initial Su 11 Noidalam 12a See Instructions for box 12 Jim I. Beam OD 5000.co 123 Second St. 14 Over 120 Trenton 62293 Last name 19 mu say 125 IL 120 Employee's address and ZIP code Stale Employer's state ID number ILL 16 State wages, etc. 17 State income tax 18 Local tips, 19 Local income tax 20 lei 42,500.0 7,900.00 2020 Department of the Treasury nemal Revenue Service W-2 Wage and Tax Statement m py B-To Be Filed With Employee's FEDERAL Tax Return. information is being furnished to the Internal Revenue Service CORRECTED (if checked) PURS dd, yor, ale price, country, Papers on orang permode, and open OMS No. 1845-0112 Tempo Bank 987 Broadway St. Trenton, IL 62293 2020 250 50.00 88-8888888 400.00 Jim I. Beam Interest 1 income Income .00 $ Form 1099-INT 2 Early withdraw penalty PAYERS TIN Copy B RECENTS TIN IS U Saving Band design For Recipient 222-22-2032 Is RECIPIENTS rence when expres This aportant tas $ Indommation and is bong tumished to the Fornax puld 7 FUS Sretanding at. ) IRS. you are IS required to fin STAR GANT st 9 Speedy Band reum, negligence Section may be penalty or other City ortowe or provincitry, and IP or postal code $ Is Imposed on youll 10 Medict 11 Band promim this income table and the IRS determines that FATCA $ $ not been reported rannalary 13 Blk.com $ $ Account number one 14 Tendo credit 15 16 17 Statietox wiehed bond CUP I$ ABC 098 $ Form 1099-INT (keep for your records) www.rsgow FINT Department of the Trembury Service 123 Second St, Trenton, IL 60293 150.00 2020 Department of the Treasury Internal Revenue Service (99) $1040 U.S. Individual Income Tax Return OMB No 1545-0074 FS Use Only-Do not writerstaple in this Filing Status Single Married ting jointly Married filing separately (MFS) Head of household HOH Qualitying widower (W) Check only one box, If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number Jim I 1222 122 12 I joint return, spouse's first name and middle initial Last name Spouse's social security number Home address number and street). you have a P.O. box.se instructions Ast.no Presidential Election Campaign 123 Second Check here if you, or your St Sute ZIP spouseffing jointly, want $3 City, town, or post office. If you have a foreign address, also completo spaces below. to go to this fund. Checking a Trenton box below will not change Foreign country rame Foreign province/stateoounty Foreign postal code your tax or refund. 2 You Spouse 'Beam 62243 No I moro 1 11.500 At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes Standard Someone can claim: You as a depondent Your spouse as a dependent Deduction Spouse Iterizes on a separate return or you were a dual-status allen Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was bom before January 2, 1956 Is bind Dependents (see instructions: (2) Social Security 2) Relationship 14 fquales for see instructions: (1) First name Last name number to you Child tax credit Credit for other dependents than four dependents, . see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 Attach 2a Tax-exempt interest. 2a 15000 b Taxable interest 2b Sch. Bit required. 3a Qualified dividends 3a 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount. 5b Standard 6a Social security benefits 6a b Taxable amount. 6b Deduction for 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7 Single of Married ing 8 Other income from Schedule 1. line 9 8 separately, $12.400 9 Add lines 1, 2, 3, 4, 5b, Eb, 7 and 8. This is your total income 9 Married ling 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 10a widower b $24.800 106 Charitable contributions if you take the standard deduction See instructions Head of c Add lines 10a and 106. These are your total adjustments to income 10c household $18,650 11 Subtract line 100 from line 9. This is your adjusted gross income 11 - if you checked 12 Standard deduction or itemized deductions from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction 14 see instructions Add lines 12 and 13 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat Ne 113200 Form 1040 2001 Use the Form W-2 and Form 1099 INT for Jim Beam for 2020 to complete a 2020 Form 1040 and any required schedules. In addition to the two information returns, note that Jim also made $600 in charitable contributions and received a $275 refund from his 2019 Illinois income tax return on April 30, 2020. Ask any questions regarding the return on the appropriate discussion board thread (this includes any questions you may have for your client, Jim Beam). Department of the Troy Attach to Form 1040, 1040-SR, or 1040-NR. In Revenue Service Go to www.Ars.gov/Form 10-40 for instructions and the latest Information Aachen S No. 01 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number 4 4 . Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 1 2a Alimony received. 2a b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C 3 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 6 Farm Income or loss). Attach Schedule F 6 7 Unemployment compensation. 7 8 Other income. List type and amount 8 9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR. line 8 9 Part II Adjustments to Income 10 Educator expenses.... 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 Health savings account deduction. Attach Form 8889 12 13 Moving expenses for members of the Armed Forces. Attach Form 3903 13 14 Deductible part of self-employment tax. Attach Schedule SE 14 15 Self-employed SEP, SIMPLE, and qualified plans 15 16 Self-employed health insurance deduction. 16 17 Penalty on early withdrawal of savings 17 18a Alimony paid. 18a b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 19 20 Student loan interest deduction 20 21 Tuition and fees deduction. Attach Form 8917 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10a For Paperwork Reduction Act Notice, see your tax return Instructions. Cal. No. 71479 Schedule 1 (Form 1040, 2020 22 SCHEDULE 2 OMB No. 1545-0074 Additional Taxes (Form 1040) 2020 Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Altachment Internal Revenue Service Go to www.lrs.gov/Form 10-40 for instructions and the latest Information. Sequence No. 02 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number Part 1 Tax 2 CSN 6 1 Alternative minimum tax. Attach Form 6251 1 Excess advance premium tax credit repayment. Attach Form 8962 2 3 Add lines 1 and 2. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 17. Part II Other Taxes 4 Self-employment tax. Attach Schedule SE. 4 5 Unreported social security and Medicare tax from Form: a 4137 b8919. 5 6 Additional tax on IRAs, other qualified retirement plans, and other tax-favored accounts. Attach Form 5329 if required 7a Household employment taxes. Attach Schedule H 7a b Repayment of first-time homebuyer credit from Form 5405. Attach Form 5405 if required 7b 8 Taxes from: a Form 8959 bForm 8960 Instructions; enter code(s) 8 9 Section 965 net tax liability installment from Form 965-A 9 10 Add lines 4 through 8. These are your total other taxes. Enter here and on Form 1040 or 1040-SR, line 23, or Form 1040-NR, line 23b 10 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 714780 Schedule 2 (Form 1040) 2020 CO SCHEDULE 3 OMB No. 1545-0074 (Form 1040) Additional Credits and Payments 2020 Department of the Treaty Attach to Form 1040, 1040-SR, or 1040-NR. Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Attachment Sequence No. 03 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number 1 2 3 4 5 6 7 8 9 Part 1 Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if required 2 Credit for child and dependent care expenses. Attach Form 2441 3 Education credits from Form 8863, line 19 4 Retirement savings contributions credit. Attach Form 8880 5 Residential energy credits. Attach Form 5695 6 Other credits from Form: a 3800 b8801 7 Add lines 1 through 6. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 20 Part II Other Payments and Refundable Credits 8 Net premium tax credit. Attach Form 8962. 9 Amount paid with request for extension to file (see instructions) 10 Excess social security and tier 1 RRTA tax withheld 11 Credit for federal tax on fuels. Attach Form 4136 12 Other payments or refundable credits: a Form 2439 12a b Qualified sick and family leave credits from Schedule(s) H and Form(s) 7202 12b c Health coverage tax credit from Form 8885 120 d Other: 12d e Deferral for certain Schedule H or SE filers (see instructions) 12e f Add lines 12a through 12e 13 Add lines 8 through 12f. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 31 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71480G 10 11 . . 121 13 Schedule 3 (Form 1040) 2020