Question
I NEED THE INFORMAITON PUT INTO THE FORMS AND SEND THE FILLED OUT FROMS BACK AS THE ANSWER PLEASE... Can you prepare a 2021 Tax
I NEED THE INFORMAITON PUT INTO THE FORMS AND SEND THE FILLED OUT FROMS BACK AS THE ANSWER PLEASE...
Can you prepare a 2021 Tax Return on a 1040 A, B, C, D, SE with the following?
TAX FORM/RETURN PREPARATION PROBLEMS
The following is a list of information for Peter and Amy Jones for the current tax year. Peter and Amy are married and have three children, Aubrynne, Bryson, and Caden. They live at 100 Main Street, Anytown, USA 00000. Peter is a lawyer working for a Native American law firm. Amy works part-time in a genetic research lab. The Jones Social Security numbers and ages are as follows:
Name S. S. No. Age
Peter 111-11-1111 32
Amy 222-22-2222 28
Aubrynne 333-33-3333 5
Bryson 444-44-4444 3
Caden 555-55-5555 1
Receipts
Peters Salary $70,000
Amy Salary $32,000
Interest Income on Certificate of Deposit (Universal Savings) $3,100
Dividends on GM Stock $1,600
Disbursements
Eyeglasses for Aubrynne $600
Orthodontic work for Bryson to correct a congenital defect $2,500
Medical insurance premiums, after-tax basis $1800
Withholding for federal income taxes $16,000
State income taxes paid with last years tax return (paid when the return was filed in the current year) $500
Property taxes on home $1,100
Property taxes on automobile $300
Interest on home $9,700
Interest on credit cards $200
Cash contribution to church $5,900
In addition to the above, on September 17, Peter and Amy donated some Beta Trader, Inc. stock to Lakeville Community College. Beta Trader, Inc. is publicly traded. The FMV stock on the date of the contribution is $700. Peter and Amy purchased the stock on November 7, 2008, for $300. Compute Peter and Amys income tax liability for 2021 using Form 1040, Schedules A and B, and Form 8283, if necessary. Assume the couple had no transactions involving virtual currency.
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