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I need some help putting this information into the correct tax forms....The tax forms needed to be filled out with the information are listed at

I need some help putting this information into the correct tax forms....The tax forms needed to be filled out with the information are listed at the end of the tax information. Thank you!

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Gregory R. and Lulu B. Cortez live with their family at the Carmichael House Bed & Breakfast, which Gregory operates. The Bed & Breakfast (B&B) is located at 33333 Fume Blanc Way, Carmichael, CA 92591. Gregory's Social Security number is 543-88-9756 and Lulu's is 256-43-8819. Both are in their mid-40s and enjoy good health and eyesight. They were residents of California for all of 2016. 1. Gregory and Lulu Cortez have three sons: a. Gerald A. (SS# 466-74-1131), 17 years old b. Gary T. (SS#465-76-8375), 12 years old C. Glenn E. (SS# 475-23-1426), 10 years old 2. The Carmichael House Bed & Breakfast is operated as a sole proprietorship and had the following income and expenses for the year: Room rental income -$139,275 Vending machine income 2,325 Advertising expense 4,810 Depreciation 18,100 Mortgage interest on the B&B 33,010 Wages of maid 15,450 Taxes and licenses 6,420 Supplies 8,870 Business insurance 6,300 Laundry expenses 4,290 Accounting fees 1,850 Office expenses 2,400 Utilities 6,350 All of the above amounts relate to the business portion of the Bed & Breakfast the personal portion is accounted for separately. The Carmichael House Bed & Breakfast uses the cash method of accounting and has no inventory. The employer tax ID number is 95-1234567 Cortez family made estimated federal income tax payments of $2,000 and estimated California state income tax payments of $6,000 (all made during 2016). 3. The 4. Lulu is a substitute schoolteacher with the local school district. For the current year, Lulu's Form W-2 from the school district showed the following: Wages $10,200 Federal income tax withheld 1,650 California State income tax withheld -380 FICA (OASDI & Medicare) 780 Gregory R. and Lulu B. Cortez live with their family at the Carmichael House Bed & Breakfast, which Gregory operates. The Bed & Breakfast (B&B) is located at 33333 Fume Blanc Way, Carmichael, CA 92591. Gregory's Social Security number is 543-88-9756 and Lulu's is 256-43-8819. Both are in their mid-40s and enjoy good health and eyesight. They were residents of California for all of 2016. 1. Gregory and Lulu Cortez have three sons: a. Gerald A. (SS# 466-74-1131), 17 years old b. Gary T. (SS#465-76-8375), 12 years old C. Glenn E. (SS# 475-23-1426), 10 years old 2. The Carmichael House Bed & Breakfast is operated as a sole proprietorship and had the following income and expenses for the year: Room rental income -$139,275 Vending machine income 2,325 Advertising expense 4,810 Depreciation 18,100 Mortgage interest on the B&B 33,010 Wages of maid 15,450 Taxes and licenses 6,420 Supplies 8,870 Business insurance 6,300 Laundry expenses 4,290 Accounting fees 1,850 Office expenses 2,400 Utilities 6,350 All of the above amounts relate to the business portion of the Bed & Breakfast the personal portion is accounted for separately. The Carmichael House Bed & Breakfast uses the cash method of accounting and has no inventory. The employer tax ID number is 95-1234567 Cortez family made estimated federal income tax payments of $2,000 and estimated California state income tax payments of $6,000 (all made during 2016). 3. The 4. Lulu is a substitute schoolteacher with the local school district. For the current year, Lulu's Form W-2 from the school district showed the following: Wages $10,200 Federal income tax withheld 1,650 California State income tax withheld -380 FICA (OASDI & Medicare) 780

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