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Exam 3 tax return assign X + X file:///C:/Users/aseba/Desktop/Exam%203%20tax%20return%20assignment.pdf . .. 5 of 6 0 - + 2 Fit to page [ Page view A' Read aloud Add notes ExxonMobil Computershare + Computershare PO Bax 505000 Within USA, US territories,& Canada Louisville, KY 40233-5000 IMPORTANT TAX RETURN DOCUMENT ENCLOSED 800 252 1800 "AUTO"MIXED AADC 07099 P000001/000005 002161 Outside USA, US territories & Canada 781 575 2058 www.computershare.com/exxonmobil Control #: 5860 4560 5170 Record Date 13 Nov 2018 Chock Number 0007139470 SSN/TIN Certified Yes opic-36005.Dani.ng POT.XOM.142847 130316-4002 161 0021614 Exxon Mobil Corporation - Combined Dividend Payment / 2018 Tax Form 1099-DIV Corrected (if checked) Form 1099 - DIV - Dividends and Distributions 2018 Copy B - For Recipient This Is important tax information and is being furnished to the Internal R required to fie a return, a me penalty or other sanction may be imposed on you if this income is truable and the IRS determines that it has not bean reported. a Total Ordinary 10 Qualified 3 Nondividend _ FEDERAL INCOME 7 Foreign Tax $ Foreign Country 9 Cash Liquidation Dividends ($) Dividends ($) Distributions ($) TAX WITHHELD ($) Paid ($) or U.S. Possession Distri (3) Payer's Details $124,839 $113,415 0.00 0.CO 0.00 EXXON MOBIL CORPORATION C/O COMPUTERSHARE PO BOX 43078 PROVIDENCE RI 02940-3078 Form 1099-DIV Keep for your records) Type here to search O e 9 w 3:03 PM 11/25/2019Exam 3 tax return assign X + X file:///C:/Users/aseba/Desktop/Exam%203%20tax9620return620assignment.pdf . .. 6 of 6 0 - +2Fit to page Page view A' Read aloud Add notes 2018 Form 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Copy C: For Recipient's Records Insurance Contracts, etc. OMB No. 1545-0119 This information is being furnished to the internal Revenue Service. Document ID: 3177 35U 25MC FATCA filing requirement 1 Gross distribution $56,836 Other amount 2a Taxable amount $56,836 Other amount percentage 2b Taxable amount not determined 9a Your percentage of total distribution Total distribution 9b Total employee contributions 3 Capital gain (included on line 2a) 10 Amount allocable to IRR within 5 years 4 Federal income tax withheld 11 1st year of desig Roth contrib 5 Employee contributions/Designated Roth 12 State tax withheld contributions or insurance premiums Net unrealized appreciation - employer's 13 State 6 securities Payer's state number Distribution code(s) 14 State distribution RA/SEP/SIMPLE 7 15 Local tax withheld Date of Payment (X) 16 Name of locality 17 Local distribution (3327 195090004 6062 909010932 Type here to search O Fi w 3:03 PM 11/25/2019Exam 3 tax return assign X + X file:///C:/Users/aseba/Desktop/Exam%203%20tax%20return%20assignment.pdf . .. 1 of 6 0 - + Q Fit to page Page view | A' Read aloud Add notes Exam 3 ACCT 3327 Fall 2019 Use the following information to complete John Smith's 2018 federal income tax return. Any required forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov). THE TAX RETURN SHOULD BE PREPARED USING THE FILL IN FORMS. NO HANDWRITTEN RETURNS WILL BE ACCEPTED. information: John is single and has no dependents. John is self-employed as a dentist. Mr. Smith has provided you with the following additional He does not want to contribute to the presidential election campaign. He lives at 828 Montana Ave., El Paso, TX 79901. John's birthday is 12/3/1953 and his Social Security number is 540-34-6459. He does not have any foreign bank accounts or trusts. He had health insurance coverage for the entire year. 1. John's operates a dental practice under the name "John Smith DDS". He has been in business since 2001. His business is located at 296 University Street, El Paso, TX 79901, and his employer identification number is 27-6548794. John's bookkeeper has provided you with his profit and loss statement for year ended 12/31/2018. John uses the cash method of accounting for his business. He does not keep an inventory on-hand, so his beginning and ending inventory are $0. John made payments in 2018 that would require him to file Forms 1099 and did file all required Forms 1099. John paid $3,217 in self-employed health insurance premiums for his personal, individual coverage. All expenditures are properly documented and have a business purpose. 2. In addition to his practice, he has provided you with other tax documents received. He lost one 1099-DIV, which reported capital gain distributions in the amount of $13,659, but confirmed that he did receive that income during 2018. 3. Mr. Smith does not itemize deductions. 4. Mr. Smith made four quarterly estimated payments of $12,000 each. Each payment was made timely. 5. Mr. Smith has a prior year overpayment applied to 2018 tax year in the amount of $10,000. He would like any overpayment, if any, applied to next year. 6. Mr. Smith's prior year tax was $0. 7. Attach a hand-written computation of how you arrived at the total tax to your return. Type here to search w 3:03 PM 11/25/2019Exam 3 tax return assign X + X file:///C:/Users/aseba/Desktop/Exam%203%20tax%20return%20assignment.pdf . .. 2 of 6 0 + Q Fit to page Page view A) Read aloud Add notes JOHN SMITH, DDS Profit and Loss Statement 12/31/2018 Page 1 Year To Date Amount Operating Revenue Revenue from Operations Patient Feas Refunds on Patient Fees 259,298.47 (393.50) Net Revenue $258,904.97 Cost of Goods Sold Material CGS-Mic. Medical Supplies 4,405.11 Material CGS-Dental Supplies 22.482.06 Material CGS-Drugs 1.129.25 Total Cost of Goods Sold $28,017.44 Gross Operating Profit(Loss) $230,887.63 Operating Expenses Salaries & Wages 89,817.06 Overtime Pay 1.571.19 Insurance-Workers Comp. Payroll Taxes-Employer Exp Meals Expense Entertainment 45.00 Conferences 540.00 Advertising. 2.446.27 ALAG 1.546.37 Office Expense 0,371.57 Dues 4.159.50 Subscriptions 568.61 Outside Service-Accounting 8,515.00 Outside Service-Lab 17.583.20 Website Holing Fees 430.84 Supples . Other Break Room Supplies Telephone-Celluar Telephone-Other 3.685.05 2,208.11 Insurance-Liability & Cavanity Licenses - All Taxes-Property and Others 15,141.48 Repair and Maint-Equipment 2.191 95 Repair and Maint-Other Uniform 457.71 Postage Bank Service Charges 83.00 Type here to search O Ei me w 3:03 PM 11/25/2019Exam 3 tax return assign X + X file:///C:/Users/aseba/Desktop/Exam%203620tax620return%20assignment.pdf . .. 3 of 6 0 - + Fit to page Page view A' Read aloud . Add notes JOHN SMITH, DDS Profit and Loss Statement 12/31/2018 Page 2 Year To Date Amount Interest Expense-Finance Charges 33.69 Credit Card Discount Fees 3,042.82 Total Operating Expenses $184,712.23 Total Operating Profit(Loss) $46,175.30 Other Income Other Income 10.91 Total Other Income $10.91 Other Expenses Total Other Expenses $0.00 Net Profit (Loss) $46,186.21 Type here to search w 3:03 PM 11/25/2019Exam 3 tax return assign X + X file:///C:/Users/aseba/Desktop/Exam%203%20tax620return620assignment.pdf . .. 4 of 6 0 - +Fit to page Page view A) Read aloud Add notes GECU IMPORTANT: Recipient Copy P.O. BOX 20998 EL PASO TX 79998 Interest Income return, a nogiganeo ponaity or alltor canetic shed the this colornanos that'll has not beon Copy B / Form 1099-INT Department of the Treasury - Internal Revenue Service INTEREST INCOME WITHDRAWAL WEREST ON 4. FEDERAL 15. STATE 18. STATE INCOME TAX IDENTIFICATION 17. STATE TAX CODE ACCOUNT NUMBER DESCRIPTION BOND & (see Instructions) PENALTY OLLIGATION WITHHELD WITHHELD 10 CHECKING $4,285 TX umouni of Interest pa ader one Social reciplants printed on the TOTALS $4,285 PAYER'S TIN RECIPIENT'S TIN INVESTMENT EXPENSE 6. FOREIGN TAX PAID FOREIGN COUNTRY OR U.S. 74-0650998 540-34-6459 POSSESSION VOID 0 Corrected 2nd TIN PAYER'S RTN (option 8. TAX EXEMPT INTEREST SPECIFIED PRIVATE 10. MARKET DISCOUNT If checked) Notice ACTIVITY BOND INTEREST FATCA FILING 1. BOND PREMIUM 2. BOND PREMIUM TREASURY OBLIGATIONS 13. BOND PREMIUM TAX EXEMPT BOND 14. TAX-EXEMPT & TAX CREDIT BOND CUSIP REQUIREMENT NO. co mood 2018 PAGE 1 OF 1 1099 INT - 2018 Screenshot saved STATEMENT FOR RECIPIENTS OF INTEREST INCOME The screenshot was added to your OneDrive. OneDrive Type here to search O Ei e 9 w 3:03 PM 11/25/2019
