I only need help with the last part. I have already completed everything else.

*PROVIDE TWO WAYS THEY MIGHT SAVE ON THEIR TAXES IN 2020 ASSUMING EVERYTHING STAYS THE SAME AS IN 2019.*

PROVIDE TWO WAYS THEY MIGHT SAVE ON THEIR TAXES IN 2020 ASSUMING EVERYTHING STAYS THE SAME AS IN 2019

TAX RETURN PROJECT 2 Ben and Lisa Jackson have provided you with the poste documents and the following verified information Ben and Lisa have 3 children and wish to file jointly. Ben's DOB is 11-21-1971 and Lisa's DOB is 3-4-1974. Their dependents are: Kenny a student at LCC SSN 336-98- 7522 DOB 5/25/1996, Wendy 336-59-8475 DOB 621/2001, and Lisa's niece Brenda Kennedy 265-98-7415 DOB 26/2008 who has been living with the Jackson's since the death of her parents in March of 2009. The Jacksons are the sole means of support for Brenda, and Lisa was the sole beneficiary of S650,000 of life insurance benefits from Brenda's parent's estate intended to be used for Brenda's support. The Jackson's have not received any social security payments for Brenda as yet. Interest camed on the life insurance totaled S26,050 for the year from Prudential Insurance and a 1099 was presented. This money is saved for Brenda's education and minimal amounts are used for annual support (less than 50% of her living cxpenses). Ben is a computer designer and consultant and he has opened a computer consulting business Blue Ribbon Consultants 165 West Commerce Park, Holt Mi 48842. Ben is a cash basis taxpayer. He started the business on 6-6-2019 as a sole proprietor and he has had the following expenses in 2019 for which he has the appropriate documentation: Advertising S1,150, Insurance for property and general liability S1.775: Accounting 2,566, Rent S2,200 per month starting June 6: Office Supplies S1.650: Utilities $2,200 Misc. Publications S265, Internet service $830. He also paid an employment service $17,111 for a part time secretary. He traveled to several conventions and spent 2.366 on Hotels and S1.196 on food and he has provided receipts. He also entertained potential clients for $295. He drove to the most of the conventions and paid air expenses of $1,100 for one convention and he rented a car for a total of 5396. All travel was over night and domestic. Ben purchased a computer system for $4.900, office furniture for $3,150 and other office equipment for $2.323 when he opened for business. He chose not to apply section 179 of the IRC. He drives a 2012 Chevy sedan the purchased it used with a cost of S22,560 in 2013 and the current value is unknown. He uses the car 100% for business He drove a total of 11,386 business miles including in that total 1.592 miles in March, April and May 2017 when he was preparing to open his business. Total miles for that car for the year were 19,283. He had the following automobile related business expenses parking $258, interest on financing the chicle $1,100, license plates of $166, Gas oil and maintenance of $2.140. A milcage log was used to verify the mileage Business revenue included $31,659 on his books plus the income from a School District reported on a Form 1099 MISC of 542.950 not on his books. The school district was a new client. He made estimated tax payments of S7,100 to the IRS and $3.500 to the State for the year. They paid $3.255 in additional Federal taxes due for 2018 on April 14, 2019 and S1,300 in additional State taxes due on the same date. They sold 300 shares of CMS stock for $13,720 on 6-7-2019 which cost $9.500 on 5-7-2000 and 100 shares of XCV for $976 on 7-7-2019 for which they paid S1,375 on 1-29-2009. They also sold 77 Shares of LTV for $11.980 which had a basis of 89,570 purchased on 1/29/2019 and sold on 11/22/2019. They received $1,230 of dividends of which $930 were qualified dividends. They also received 1.100 in interest from Series EE Savings Bonds that they cashed in March 3, 2019 which was used to help start the business Lisa is a Nurse and she occasionally must work in some of the hospital's specialty clinics. She drove her 2007 van (527,000 original cost) a total of 32,155 miles of which 5,655 were for traveling to the clinics and 16,345 commuting to her job. The rest was personal use miles. She also incurred $543 in lunch expenses while at the clinics. Her employer does not reimburse Lisa for any expenses. Lise is still paying on her student loans and she has paperwork indicating that she paid $2.675 in interest on the loans. Lisa also paid $326 for uniforms. Insurance on the van was $2.300 and the License plates cost $266, She bought a new watch for $110 on July 11, 2019 and she wonders if she can claim it as a deduction The Jackson's had the following personal items: Property tax of S3,655, Mortgage Interest of S11,966 and Private Mortgage insurance of $1.296 on a form 1098, gifts to their church of S6,622 cash, and paid $566 to have their taxes done in 2018. They did not itemize in 2018. They made a gift of $5,000 to Ben's cousin Sid who lives in Portland Oregon. The health insurance premiums on their W2s were post tax and they had out of pocket medical , dental, and prescription expenses of $3,760. They traveled 550 miles for medical reasons. Lisa had withdrawn S10.000 from her IRA in 2019 to help pay for the business start-up expenses a Form 1099R was presented. Prepare their 2019 Federal tax return (80 pts.) and provide two ways they might save on their taxes in 2019 assuming everything stays the same as in 2018. (10 Points each suggestion as a letter to the Jacksons.) George 55950 - Eniro 365-98-7541 Employer monter 12-5698744 e Employers and PC COMPUTERS FOR EVERYONE 564 SUNSET LANSING MI 48912 68950 5 Men 68950 7 Scott 2 Recome tax wines 3800 Socol 4275 Secare bothed 1000 loca d Control Decente ben Safed Erciyestarem BEN JACKSON 123 MAIN LANSING MI 48912 See on 12 D 8000 DD 5600 14 134 | T 1 Empiyo's address and ZIP code 15 Employers statuts MIL125698744 55950 17 Stencome 1150 12 met 350 6550 LANSING rom W-2 Wage and Tax 2019 Wat the OVER 5.000 Statement DES 598-74-5211 Empiriration 63-5987451 Employer's and PC HOSPITAL 659 WENTWORTH LN LANSING MI 48910 4600 76000 3 Scances 82000 5084 We 82000 7 Soccupa 1189 a Dumber SUE 11 mm 12 Sensor D 5000 LISA JACKSON 123 MAIN LANSING MI 48912 DD the 6000 14 170 Employees and de IS Epopest 635987451 16 MI 76000 2550 50000 500 LANSING Destist of the Service Room W-2 Wage and Tax Statement 2019 2019 Distributions From Pensions, Annuities, Retirement or Profit Sharing Plans, IRAS, Insurance Contracts, etc. CORRECTED (checked PAYER'Same, street adress, city or tow state or province 1 Gross distribution COMET country, ZIP or foreign postal code and phone no. IRA 10000 123 X DR 2 Tub amount LANSING MI 48911 10000 Tom 1099-R 2 Taxatie amount Total not determined distribution PAYER'S TIN RECIPIENTS TIN 3 Capitalgan oncluded Fede come to in box 32-1654486 598-74-5211 1000 RECIPIENT S name Employee contribution and Deograd Roth con Consor LISA JACKSON insurance premium employer's Street address including act no.) 7 Distribution FA Omer SER 123 MAIN code SITE This informations 7 x being furnished to City or town state or province country, and ZIP or foreign postal code Se Your percentage of the IRS LANSING MI 48912 10 Amount afecable to RR 11 1st year of FATCA 12 State Sox wired 13 Sete Payer's state. 14 State distribution within your desig och reg 250 10000 0 0 Account number see instructions Date of 15 Locats withheld 15 Name of 17 Local distribution payment Form 1099-R deep for your records Downtown CORRECTED (if checked PAYER'S name street address, city or own state or province, 1 Gross dietrbution country, ZP or foreign postal code and phone na GEN 1505-02 2019 Distributions From Pensions. Annuities Retirement or Profit-Sharing Plans IRAS, Insurance Contracts, etc. 2 Table mount S For 1099-R 20 Taxe amount TO not determined 3 Capital gain included 4 Federsi come to in boxa PAYER'S TIN RECIPIENTS TIN RECIPIENTS are 5. Employee contribution/ Designated oth contributions or ce premium appreciation in Stroet address including opt, no 7 Distribution IRA Other codes SEP SIMPLE This information is being mished to City or town state or provinon courty, and ZIP or foreign postal code vos percentage of 10 the IRS WS 10 Ampartocable to 11 1st year FATCA 12 State to withheld 13 St Payer's state. 14 Sute distribution within 5years $ S $ Account number erstruction Date of 15 Local * Nore of the 17 distrbution payment S $ s For 1099-R Ieep for your recorded www.sgowo Demento em Senica ONA GMT-0115 CORRECTED checked PAVERSA, y recorrente org postalo honen SCHOOL $ 123 MAIN 2 HOLT MI 48842 $ 2019 Miscellaneous Income For 1099-MISC $ Seguros PAYERS TW 56-5489999 RECIPENTS TIN 365-98-7541 $ REGRENTS BEN JACKSON trotadores de esto) 123 MAIN Gyrn Greece LANSING MI 48912 Account number one FATCA This is important information and being furnished to $ 42950 S the you Durere required to the retum, a negligence 5.000 penalty or sanction may 11 imposed on yout this incomes table and the ins 13 che grondpadon determines has not been reported was encore $ $ 100 Form 1099-MISC Roro for your www. Dwart of the Teen Service ONA TAX RETURN PROJECT 2 Ben and Lisa Jackson have provided you with the poste documents and the following verified information Ben and Lisa have 3 children and wish to file jointly. Ben's DOB is 11-21-1971 and Lisa's DOB is 3-4-1974. Their dependents are: Kenny a student at LCC SSN 336-98- 7522 DOB 5/25/1996, Wendy 336-59-8475 DOB 621/2001, and Lisa's niece Brenda Kennedy 265-98-7415 DOB 26/2008 who has been living with the Jackson's since the death of her parents in March of 2009. The Jacksons are the sole means of support for Brenda, and Lisa was the sole beneficiary of S650,000 of life insurance benefits from Brenda's parent's estate intended to be used for Brenda's support. The Jackson's have not received any social security payments for Brenda as yet. Interest camed on the life insurance totaled S26,050 for the year from Prudential Insurance and a 1099 was presented. This money is saved for Brenda's education and minimal amounts are used for annual support (less than 50% of her living cxpenses). Ben is a computer designer and consultant and he has opened a computer consulting business Blue Ribbon Consultants 165 West Commerce Park, Holt Mi 48842. Ben is a cash basis taxpayer. He started the business on 6-6-2019 as a sole proprietor and he has had the following expenses in 2019 for which he has the appropriate documentation: Advertising S1,150, Insurance for property and general liability S1.775: Accounting 2,566, Rent S2,200 per month starting June 6: Office Supplies S1.650: Utilities $2,200 Misc. Publications S265, Internet service $830. He also paid an employment service $17,111 for a part time secretary. He traveled to several conventions and spent 2.366 on Hotels and S1.196 on food and he has provided receipts. He also entertained potential clients for $295. He drove to the most of the conventions and paid air expenses of $1,100 for one convention and he rented a car for a total of 5396. All travel was over night and domestic. Ben purchased a computer system for $4.900, office furniture for $3,150 and other office equipment for $2.323 when he opened for business. He chose not to apply section 179 of the IRC. He drives a 2012 Chevy sedan the purchased it used with a cost of S22,560 in 2013 and the current value is unknown. He uses the car 100% for business He drove a total of 11,386 business miles including in that total 1.592 miles in March, April and May 2017 when he was preparing to open his business. Total miles for that car for the year were 19,283. He had the following automobile related business expenses parking $258, interest on financing the chicle $1,100, license plates of $166, Gas oil and maintenance of $2.140. A milcage log was used to verify the mileage Business revenue included $31,659 on his books plus the income from a School District reported on a Form 1099 MISC of 542.950 not on his books. The school district was a new client. He made estimated tax payments of S7,100 to the IRS and $3.500 to the State for the year. They paid $3.255 in additional Federal taxes due for 2018 on April 14, 2019 and S1,300 in additional State taxes due on the same date. They sold 300 shares of CMS stock for $13,720 on 6-7-2019 which cost $9.500 on 5-7-2000 and 100 shares of XCV for $976 on 7-7-2019 for which they paid S1,375 on 1-29-2009. They also sold 77 Shares of LTV for $11.980 which had a basis of 89,570 purchased on 1/29/2019 and sold on 11/22/2019. They received $1,230 of dividends of which $930 were qualified dividends. They also received 1.100 in interest from Series EE Savings Bonds that they cashed in March 3, 2019 which was used to help start the business Lisa is a Nurse and she occasionally must work in some of the hospital's specialty clinics. She drove her 2007 van (527,000 original cost) a total of 32,155 miles of which 5,655 were for traveling to the clinics and 16,345 commuting to her job. The rest was personal use miles. She also incurred $543 in lunch expenses while at the clinics. Her employer does not reimburse Lisa for any expenses. Lise is still paying on her student loans and she has paperwork indicating that she paid $2.675 in interest on the loans. Lisa also paid $326 for uniforms. Insurance on the van was $2.300 and the License plates cost $266, She bought a new watch for $110 on July 11, 2019 and she wonders if she can claim it as a deduction The Jackson's had the following personal items: Property tax of S3,655, Mortgage Interest of S11,966 and Private Mortgage insurance of $1.296 on a form 1098, gifts to their church of S6,622 cash, and paid $566 to have their taxes done in 2018. They did not itemize in 2018. They made a gift of $5,000 to Ben's cousin Sid who lives in Portland Oregon. The health insurance premiums on their W2s were post tax and they had out of pocket medical , dental, and prescription expenses of $3,760. They traveled 550 miles for medical reasons. Lisa had withdrawn S10.000 from her IRA in 2019 to help pay for the business start-up expenses a Form 1099R was presented. Prepare their 2019 Federal tax return (80 pts.) and provide two ways they might save on their taxes in 2019 assuming everything stays the same as in 2018. (10 Points each suggestion as a letter to the Jacksons.) TAX RETURN PROJECT 2 Ben and Lisa Jackson have provided you with the poste documents and the following verified information Ben and Lisa have 3 children and wish to file jointly. Ben's DOB is 11-21-1971 and Lisa's DOB is 3-4-1974. Their dependents are: Kenny a student at LCC SSN 336-98- 7522 DOB 5/25/1996, Wendy 336-59-8475 DOB 621/2001, and Lisa's niece Brenda Kennedy 265-98-7415 DOB 26/2008 who has been living with the Jackson's since the death of her parents in March of 2009. The Jacksons are the sole means of support for Brenda, and Lisa was the sole beneficiary of S650,000 of life insurance benefits from Brenda's parent's estate intended to be used for Brenda's support. The Jackson's have not received any social security payments for Brenda as yet. Interest camed on the life insurance totaled S26,050 for the year from Prudential Insurance and a 1099 was presented. This money is saved for Brenda's education and minimal amounts are used for annual support (less than 50% of her living cxpenses). Ben is a computer designer and consultant and he has opened a computer consulting business Blue Ribbon Consultants 165 West Commerce Park, Holt Mi 48842. Ben is a cash basis taxpayer. He started the business on 6-6-2019 as a sole proprietor and he has had the following expenses in 2019 for which he has the appropriate documentation: Advertising S1,150, Insurance for property and general liability S1.775: Accounting 2,566, Rent S2,200 per month starting June 6: Office Supplies S1.650: Utilities $2,200 Misc. Publications S265, Internet service $830. He also paid an employment service $17,111 for a part time secretary. He traveled to several conventions and spent 2.366 on Hotels and S1.196 on food and he has provided receipts. He also entertained potential clients for $295. He drove to the most of the conventions and paid air expenses of $1,100 for one convention and he rented a car for a total of 5396. All travel was over night and domestic. Ben purchased a computer system for $4.900, office furniture for $3,150 and other office equipment for $2.323 when he opened for business. He chose not to apply section 179 of the IRC. He drives a 2012 Chevy sedan the purchased it used with a cost of S22,560 in 2013 and the current value is unknown. He uses the car 100% for business He drove a total of 11,386 business miles including in that total 1.592 miles in March, April and May 2017 when he was preparing to open his business. Total miles for that car for the year were 19,283. He had the following automobile related business expenses parking $258, interest on financing the chicle $1,100, license plates of $166, Gas oil and maintenance of $2.140. A milcage log was used to verify the mileage Business revenue included $31,659 on his books plus the income from a School District reported on a Form 1099 MISC of 542.950 not on his books. The school district was a new client. He made estimated tax payments of S7,100 to the IRS and $3.500 to the State for the year. They paid $3.255 in additional Federal taxes due for 2018 on April 14, 2019 and S1,300 in additional State taxes due on the same date. They sold 300 shares of CMS stock for $13,720 on 6-7-2019 which cost $9.500 on 5-7-2000 and 100 shares of XCV for $976 on 7-7-2019 for which they paid S1,375 on 1-29-2009. They also sold 77 Shares of LTV for $11.980 which had a basis of 89,570 purchased on 1/29/2019 and sold on 11/22/2019. They received $1,230 of dividends of which $930 were qualified dividends. They also received 1.100 in interest from Series EE Savings Bonds that they cashed in March 3, 2019 which was used to help start the business Lisa is a Nurse and she occasionally must work in some of the hospital's specialty clinics. She drove her 2007 van (527,000 original cost) a total of 32,155 miles of which 5,655 were for traveling to the clinics and 16,345 commuting to her job. The rest was personal use miles. She also incurred $543 in lunch expenses while at the clinics. Her employer does not reimburse Lisa for any expenses. Lise is still paying on her student loans and she has paperwork indicating that she paid $2.675 in interest on the loans. Lisa also paid $326 for uniforms. Insurance on the van was $2.300 and the License plates cost $266, She bought a new watch for $110 on July 11, 2019 and she wonders if she can claim it as a deduction The Jackson's had the following personal items: Property tax of S3,655, Mortgage Interest of S11,966 and Private Mortgage insurance of $1.296 on a form 1098, gifts to their church of S6,622 cash, and paid $566 to have their taxes done in 2018. They did not itemize in 2018. They made a gift of $5,000 to Ben's cousin Sid who lives in Portland Oregon. The health insurance premiums on their W2s were post tax and they had out of pocket medical , dental, and prescription expenses of $3,760. They traveled 550 miles for medical reasons. Lisa had withdrawn S10.000 from her IRA in 2019 to help pay for the business start-up expenses a Form 1099R was presented. Prepare their 2019 Federal tax return (80 pts.) and provide two ways they might save on their taxes in 2019 assuming everything stays the same as in 2018. (10 Points each suggestion as a letter to the Jacksons.) George 55950 - Eniro 365-98-7541 Employer monter 12-5698744 e Employers and PC COMPUTERS FOR EVERYONE 564 SUNSET LANSING MI 48912 68950 5 Men 68950 7 Scott 2 Recome tax wines 3800 Socol 4275 Secare bothed 1000 loca d Control Decente ben Safed Erciyestarem BEN JACKSON 123 MAIN LANSING MI 48912 See on 12 D 8000 DD 5600 14 134 | T 1 Empiyo's address and ZIP code 15 Employers statuts MIL125698744 55950 17 Stencome 1150 12 met 350 6550 LANSING rom W-2 Wage and Tax 2019 Wat the OVER 5.000 Statement DES 598-74-5211 Empiriration 63-5987451 Employer's and PC HOSPITAL 659 WENTWORTH LN LANSING MI 48910 4600 76000 3 Scances 82000 5084 We 82000 7 Soccupa 1189 a Dumber SUE 11 mm 12 Sensor D 5000 LISA JACKSON 123 MAIN LANSING MI 48912 DD the 6000 14 170 Employees and de IS Epopest 635987451 16 MI 76000 2550 50000 500 LANSING Destist of the Service Room W-2 Wage and Tax Statement 2019 2019 Distributions From Pensions, Annuities, Retirement or Profit Sharing Plans, IRAS, Insurance Contracts, etc. CORRECTED (checked PAYER'Same, street adress, city or tow state or province 1 Gross distribution COMET country, ZIP or foreign postal code and phone no. IRA 10000 123 X DR 2 Tub amount LANSING MI 48911 10000 Tom 1099-R 2 Taxatie amount Total not determined distribution PAYER'S TIN RECIPIENTS TIN 3 Capitalgan oncluded Fede come to in box 32-1654486 598-74-5211 1000 RECIPIENT S name Employee contribution and Deograd Roth con Consor LISA JACKSON insurance premium employer's Street address including act no.) 7 Distribution FA Omer SER 123 MAIN code SITE This informations 7 x being furnished to City or town state or province country, and ZIP or foreign postal code Se Your percentage of the IRS LANSING MI 48912 10 Amount afecable to RR 11 1st year of FATCA 12 State Sox wired 13 Sete Payer's state. 14 State distribution within your desig och reg 250 10000 0 0 Account number see instructions Date of 15 Locats withheld 15 Name of 17 Local distribution payment Form 1099-R deep for your records Downtown CORRECTED (if checked PAYER'S name street address, city or own state or province, 1 Gross dietrbution country, ZP or foreign postal code and phone na GEN 1505-02 2019 Distributions From Pensions. Annuities Retirement or Profit-Sharing Plans IRAS, Insurance Contracts, etc. 2 Table mount S For 1099-R 20 Taxe amount TO not determined 3 Capital gain included 4 Federsi come to in boxa PAYER'S TIN RECIPIENTS TIN RECIPIENTS are 5. Employee contribution/ Designated oth contributions or ce premium appreciation in Stroet address including opt, no 7 Distribution IRA Other codes SEP SIMPLE This information is being mished to City or town state or provinon courty, and ZIP or foreign postal code vos percentage of 10 the IRS WS 10 Ampartocable to 11 1st year FATCA 12 State to withheld 13 St Payer's state. 14 Sute distribution within 5years $ S $ Account number erstruction Date of 15 Local * Nore of the 17 distrbution payment S $ s For 1099-R Ieep for your recorded www.sgowo Demento em Senica ONA GMT-0115 CORRECTED checked PAVERSA, y recorrente org postalo honen SCHOOL $ 123 MAIN 2 HOLT MI 48842 $ 2019 Miscellaneous Income For 1099-MISC $ Seguros PAYERS TW 56-5489999 RECIPENTS TIN 365-98-7541 $ REGRENTS BEN JACKSON trotadores de esto) 123 MAIN Gyrn Greece LANSING MI 48912 Account number one FATCA This is important information and being furnished to $ 42950 S the you Durere required to the retum, a negligence 5.000 penalty or sanction may 11 imposed on yout this incomes table and the ins 13 che grondpadon determines has not been reported was encore $ $ 100 Form 1099-MISC Roro for your www. Dwart of the Teen Service ONA TAX RETURN PROJECT 2 Ben and Lisa Jackson have provided you with the poste documents and the following verified information Ben and Lisa have 3 children and wish to file jointly. Ben's DOB is 11-21-1971 and Lisa's DOB is 3-4-1974. Their dependents are: Kenny a student at LCC SSN 336-98- 7522 DOB 5/25/1996, Wendy 336-59-8475 DOB 621/2001, and Lisa's niece Brenda Kennedy 265-98-7415 DOB 26/2008 who has been living with the Jackson's since the death of her parents in March of 2009. The Jacksons are the sole means of support for Brenda, and Lisa was the sole beneficiary of S650,000 of life insurance benefits from Brenda's parent's estate intended to be used for Brenda's support. The Jackson's have not received any social security payments for Brenda as yet. Interest camed on the life insurance totaled S26,050 for the year from Prudential Insurance and a 1099 was presented. This money is saved for Brenda's education and minimal amounts are used for annual support (less than 50% of her living cxpenses). Ben is a computer designer and consultant and he has opened a computer consulting business Blue Ribbon Consultants 165 West Commerce Park, Holt Mi 48842. Ben is a cash basis taxpayer. He started the business on 6-6-2019 as a sole proprietor and he has had the following expenses in 2019 for which he has the appropriate documentation: Advertising S1,150, Insurance for property and general liability S1.775: Accounting 2,566, Rent S2,200 per month starting June 6: Office Supplies S1.650: Utilities $2,200 Misc. Publications S265, Internet service $830. He also paid an employment service $17,111 for a part time secretary. He traveled to several conventions and spent 2.366 on Hotels and S1.196 on food and he has provided receipts. He also entertained potential clients for $295. He drove to the most of the conventions and paid air expenses of $1,100 for one convention and he rented a car for a total of 5396. All travel was over night and domestic. Ben purchased a computer system for $4.900, office furniture for $3,150 and other office equipment for $2.323 when he opened for business. He chose not to apply section 179 of the IRC. He drives a 2012 Chevy sedan the purchased it used with a cost of S22,560 in 2013 and the current value is unknown. He uses the car 100% for business He drove a total of 11,386 business miles including in that total 1.592 miles in March, April and May 2017 when he was preparing to open his business. Total miles for that car for the year were 19,283. He had the following automobile related business expenses parking $258, interest on financing the chicle $1,100, license plates of $166, Gas oil and maintenance of $2.140. A milcage log was used to verify the mileage Business revenue included $31,659 on his books plus the income from a School District reported on a Form 1099 MISC of 542.950 not on his books. The school district was a new client. He made estimated tax payments of S7,100 to the IRS and $3.500 to the State for the year. They paid $3.255 in additional Federal taxes due for 2018 on April 14, 2019 and S1,300 in additional State taxes due on the same date. They sold 300 shares of CMS stock for $13,720 on 6-7-2019 which cost $9.500 on 5-7-2000 and 100 shares of XCV for $976 on 7-7-2019 for which they paid S1,375 on 1-29-2009. They also sold 77 Shares of LTV for $11.980 which had a basis of 89,570 purchased on 1/29/2019 and sold on 11/22/2019. They received $1,230 of dividends of which $930 were qualified dividends. They also received 1.100 in interest from Series EE Savings Bonds that they cashed in March 3, 2019 which was used to help start the business Lisa is a Nurse and she occasionally must work in some of the hospital's specialty clinics. She drove her 2007 van (527,000 original cost) a total of 32,155 miles of which 5,655 were for traveling to the clinics and 16,345 commuting to her job. The rest was personal use miles. She also incurred $543 in lunch expenses while at the clinics. Her employer does not reimburse Lisa for any expenses. Lise is still paying on her student loans and she has paperwork indicating that she paid $2.675 in interest on the loans. Lisa also paid $326 for uniforms. Insurance on the van was $2.300 and the License plates cost $266, She bought a new watch for $110 on July 11, 2019 and she wonders if she can claim it as a deduction The Jackson's had the following personal items: Property tax of S3,655, Mortgage Interest of S11,966 and Private Mortgage insurance of $1.296 on a form 1098, gifts to their church of S6,622 cash, and paid $566 to have their taxes done in 2018. They did not itemize in 2018. They made a gift of $5,000 to Ben's cousin Sid who lives in Portland Oregon. The health insurance premiums on their W2s were post tax and they had out of pocket medical , dental, and prescription expenses of $3,760. They traveled 550 miles for medical reasons. Lisa had withdrawn S10.000 from her IRA in 2019 to help pay for the business start-up expenses a Form 1099R was presented. Prepare their 2019 Federal tax return (80 pts.) and provide two ways they might save on their taxes in 2019 assuming everything stays the same as in 2018. (10 Points each suggestion as a letter to the Jacksons.)