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I need help!!! This is the final part of a six part problem that allows you to prepare the 2014 tax return for Laurie and

I need help!!!

This is the final part of a six part problem that allows you to prepare the 2014 tax return for Laurie and Lynn Norris. As with the previous parts, this part of the problem will ask you to prepare a portion of their tax return. You should then complete the Norrises' tax return for 2014. The following information is provided for preparing their 2014 tax return:

1. Recall from Chapter 3 that Lynn and Laurie are married and have two children, Josh (15 years old) and Julie (19 years old). Julie is a sophomore at Baynard University and they pay the following education expenses on behalf of Julie:

Tuition and fees $4,300

Textbooks475

Room and board2,800

2. They make timely federal quarterly estimated tax payments of $2,000.

3. They contribute stock with a fair market value of $5,000 to Alamoso Tech. The stock was acquired in 2004 at a cost of $1,400.

4. Their gambling winnings for the year were $1,000 while their losses were $1,750.

5. In 2013, they refinanced their home and incurred $2,250 in points to secure a 15 year mortgage.

6. They receive $2,000 in reimbursements from their medical plan.

7. In addition they provide you with the following expenses:

Automobile insurance $2,950

Homeowners insurance1,140

Life insurance 870

Disability insurance465

Health insurance premiums1,650

Country club dues2,100

Health club dues500

Hospital1,400

Doctor675

Chiropractor650

Dentists1,930

Prescription drugs340

Over-the-counter drugs 140

State taxes withheld2,775

Property taxes (ad valorem)190

Mortgage interest 7,000

Real estate taxes2,200

Charitable contributions (cash)3,120

Charitable contribution (clothes at FMV) 100

Investment advice 320

Subscriptions to investment journals240

Dues to professional organizations415

Attorney fee for tax advice on dispute with IRS 585

Safe-deposit box 45

Tax return preparation460

Required: Based on the information provided above, complete Form 1040 Schedule A, Form 8283, and Form 8863 and finish the 2014 tax return for Laurie and Lynn Norris.

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