I'm stacked how to fill and calculate for the forms of 1040, Schedule B, D.

Name____________________ Instructions: Please complete the 2015 federal income tax return for Robert A. and Melissa B. Garret. They would like you to be able to discuss their return with the IRS were any questions to arise. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. Assume alternative minimum tax is not applicable. If required information is missing, use reasonable assumptions to fill in the gaps. Print out and complete the following forms: Form 1040pg1&2 https://www.irs.gov/pub/irs-pdf/f1040.pdf Schedule B https://www.irs.gov/pub/irs-pdf/f1040sb.pdf Schedule D https://www.irs.gov/pub/irs-pdf/f1040sd.pdf Schedule D worksheet https://www.irs.gov/pub/irs-pdf/i1040sd.pdf (see Schedule D worksheet on pages D-15 & D-16) Form 8863 https://www.irs.gov/pub/irs-pdf/f8863.pdf (Instructions for these forms can be obtained by performing appropriate internet search) Taxpayer Information: Bob (born 12/31/1970, a warehouse manager) and Melissa Garret (born 12/31/1971, a photographer) are married and live at 900 East Park Way, Baffaro NY 56560. Their phone number is 218-477-0000. The Garrets have two children Jared J. Grant, born 12/31/2000, and Alese A. Grant, born 12/31/2003. The Garrets would like to file a joint tax return for the year. The following information relates to the Grants' tax year: Bob's Social Security number is 777-80-4444 Melissa's Social Security number is 888-80-3333 Jared's Social Security number is 888-40-4444 Alese's Social Security number is 888-40-5555 Jared and Alese are tax dependents for federal tax purposes who lived with Bob and Melissa all of 2015. Bob Garret's Forms W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax State Income Tax Withholding Withholding National Storage $73,200 $9,000 $4,400 Moorhead Little $2,710 0 0 League Melissa Garret's Form W-2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax State Income Tax Withholding Withholding Jensen Photography $24,500 $2,450 $1,225 All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All of the Grant family was covered by minimum essential health insurance during each month in 2015. Bob's employer National Storage paid 100% of the $13,000 cost of the family health insurance as a tax-free 1 fringe benefit (the health insurance is not considered a high-deductible health insurance plan so the Grants are not eligible to set up to a Health Savings Account). His employer also paid the 100% of the $300 in group term life insurance on Bob with a face amount to $50,000 as a tax-free fringe benefit. Since the Garret family just moved to Baffalo in 2014, they were not yet eligible to participate in employer-provided retirement plans, they would each like to put the maximum amount possible into traditional individual retirement accounts for the 2015 tax year. The Garrets also received the following during the year: Interest income from First State Bank $180 Interest income from City of NY Bond $350 Interest income from U.S. Treasury Bond $675 Interest income from NY State Highway Bond $150 Non-qualified dividend income from American Funds mutual fund $1,500 Qualified dividend income from American Funds mutual fund $1,000 Capital gain distributions from American Funds mutual fund $2,000 Workers' compensation payments to Bob $4,350 Unemployment compensation payments to Melissa $1,200 Jury duty payments to Melissa $100 Disability payments received by Bob on account of injury $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages Melissa received the following payments as a result of a lawsuit she filed for damages sustained in a car accident: Medical Expenses for physical injuries $2,500 Emotional Distress (from having been physically injured) $12,000 Punitive Damages $10,000 Total $24,500 VISA forgave a $1,000 credit card debt owed by Bob (the Grants were solvent (ie assets greater than liabilities) at the time the debt was forgiven) $1,000 Eight years ago, Melissa purchased an annuity contract for $8,800. She received her first annuity payment on January 1, 2015. The annuity will pay Melissa $1,500 per year for ten years (beginning with 2015). The $1,500 payment was reported to Melissa on Form 1099-R for the current year. Box 7 of the Form 1099-R contains an entry of \"7\" (meaning normal distribution). The Grants did not own, control or manage any foreign bank accounts nor were they a grantor or beneficiary of a foreign trust during the tax year. The Garrets paid or incurred the following expenses during the year: Dentist/Orthodontist (unreimbursed by insurance) Doctor fees (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) NY state tax payment made on 4/15/15 for 2014 tax return liability Real property taxes on residence Vehicle registration fee based upon value of Bob's vehicle $10,500 $ 625 $ 380 $ 1,350 $ 1,800 $ 250 2 Vehicle registration fee based upon value of Melissa's vehicle $ 225 Mortgage interest on $300,000 debt used to acquire principal residence $ 8,560 Interest paid on $30,000 home-equitydebt used to acquire Melissa's car $ 900 Interest paid on borrowed money to purchase the City of Baffalo, NY municipal bonds $ 400 Interest paid on borrowed money to purchase U.S. Treasury bonds $ 240 Contribution to the American Red Cross $ 1,000 Contribution to Marco Rubio's Presidential Campaign $ 500 Contribution to First Baptist Church of Moorhead $ 6,000 Used furniture and clothing donated to Salvation Army (cost $1,000, fair market value $200) Fee paid to Jones & Company, CPAs for tax preparation $ 200 Student loan interest paid by Melisssa $ 2,600 Melissa paid $1,000 tuition and related fees to Baffalo State University when she took one class to fall 2015 to improve her skills in her existing job. She also purchased course books costing $100 on Amazon. She would like to take the Lifetime Learning Credit if possible. She already has a 4-year college degree. She received a Form 1098T indicating she paid $1,000 tuition and related fees. In addition, Bob drove 6,750 miles commuting to/from work and Melissa drove 8,230 miles commuting to/from work. The Grants have represented to you that they maintained careful logs to support their respective mileage. The Garrets drove 465 miles in total to receive medical treatment at a hospital in April 2015. 3 The Garrets' personal residence was burglarized on October 1, 2015. The theft occurred during the day while both the Garrets were at work and their children were at school. The Garrets had a personal-use Moped stolen. The Moped was purchased 7/1/2014 for $6,400, and was worth $4,000 at the time of the theft. Insurance reimbursed the Grants $500 for their loss of the Moped. The Garrets both want to contribute to the Presidential Election Campaign. The Garrets would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund by direct deposit to their checking account (routing number 099999999, account number 12345. 4