INCOME TAX RETURN PROBLEM Below is the taxpayer information for Sharon and Robert Dolan. They have two children who lived with them, David (SS\# 154-13-5826), age 10 (date of birth: October 11, 2012), and Sarah (SS\# 155-52-3716), age 5 (date of birth: March 22, 2017). Sharon \& Robert own their own home, a condominium. The family resides at 4705 Henry Hudson Parkway, Bronx, NY, 10471. Sharon (SS\# 138-09-1983, date of birth: April 2, 1971) is a manager at Chase Bank where her W2 wages was $80,000 and her federal withholdings was $11,500. Robert, (SS\# 144-39-6967, date of birth: November 11, 1975), is employed at the Stratege4U Warehouse as a Consultant. Robert's 2021W2 wages was $67,095 and his federal withholding was $7,693. The couple's other income included dividends from Microsoft amounting to $272, dividends from Pepsi-Co amounting to $280, interest from TD Bank amounting to $135 and interest on their checking account at Bank of America of \$193. The Dolans also paid the following amounts (all of which can be proven): 1) $10,283 in mortgage interest 2) $8,555 in property taxes 3) $6,350 in tithes to CCC church 4) $2,800 charitable donation to Baruch College 5) $3,850 charitable donation to Brooklyn College 6) $717 sales tax paid Sharon \& Robert file jointly. REQUIRED: Please prepare the couple's 2021 federal income tax return (form 1040), to reflect the couple's total income, AGI, standard or total itemized deduction, tax (per the IRS table), federal withholdings, child tax credit (CTC), tax refund or liability (owe). Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QWbox,enterthechildsn one box. person is a child but not your dependent \begin{tabular}{l|l|l|l|l} \hline Your first name and middle initial & \multicolumn{2}{|l|}{ Last name } \\ \hline If joint return, spouse's first name and middle initial & Last name & Your social security number \\ \hline Home address (number and street). If you have a P.O. box, see instructions. & Apt. no. & Presidential Election Campaign Check here if you, or your spouse if fling jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. Y You \\ \hline City, town, or post office. If you have a foreign address, also complete spaces below. \\ \hline Foreign country name & Foreign province/state/county & Foreign postal code \\ \hline \end{tabular} At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1957 Are blind Spouse: Was born before January 2, 1957 is blind Dependents (see instructions): If more (1) First name Last name (2) Social security \begin{tabular}{|c|c|c} (3) Relationship & (4) V if qualifies for (see instructions): \end{tabular} than four dependents, see instructions and check here For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. . 11320B Form 1040 (2021) Form 1040 (2021) Page 2 Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and Here INCOME TAX RETURN PROBLEM Below is the taxpayer information for Sharon and Robert Dolan. They have two children who lived with them, David (SS\# 154-13-5826), age 10 (date of birth: October 11, 2012), and Sarah (SS\# 155-52-3716), age 5 (date of birth: March 22, 2017). Sharon \& Robert own their own home, a condominium. The family resides at 4705 Henry Hudson Parkway, Bronx, NY, 10471. Sharon (SS\# 138-09-1983, date of birth: April 2, 1971) is a manager at Chase Bank where her W2 wages was $80,000 and her federal withholdings was $11,500. Robert, (SS\# 144-39-6967, date of birth: November 11, 1975), is employed at the Stratege4U Warehouse as a Consultant. Robert's 2021W2 wages was $67,095 and his federal withholding was $7,693. The couple's other income included dividends from Microsoft amounting to $272, dividends from Pepsi-Co amounting to $280, interest from TD Bank amounting to $135 and interest on their checking account at Bank of America of \$193. The Dolans also paid the following amounts (all of which can be proven): 1) $10,283 in mortgage interest 2) $8,555 in property taxes 3) $6,350 in tithes to CCC church 4) $2,800 charitable donation to Baruch College 5) $3,850 charitable donation to Brooklyn College 6) $717 sales tax paid Sharon \& Robert file jointly. REQUIRED: Please prepare the couple's 2021 federal income tax return (form 1040), to reflect the couple's total income, AGI, standard or total itemized deduction, tax (per the IRS table), federal withholdings, child tax credit (CTC), tax refund or liability (owe). Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QWbox,enterthechildsn one box. person is a child but not your dependent \begin{tabular}{l|l|l|l|l} \hline Your first name and middle initial & \multicolumn{2}{|l|}{ Last name } \\ \hline If joint return, spouse's first name and middle initial & Last name & Your social security number \\ \hline Home address (number and street). If you have a P.O. box, see instructions. & Apt. no. & Presidential Election Campaign Check here if you, or your spouse if fling jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. Y You \\ \hline City, town, or post office. If you have a foreign address, also complete spaces below. \\ \hline Foreign country name & Foreign province/state/county & Foreign postal code \\ \hline \end{tabular} At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1957 Are blind Spouse: Was born before January 2, 1957 is blind Dependents (see instructions): If more (1) First name Last name (2) Social security \begin{tabular}{|c|c|c} (3) Relationship & (4) V if qualifies for (see instructions): \end{tabular} than four dependents, see instructions and check here For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. . 11320B Form 1040 (2021) Form 1040 (2021) Page 2 Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and Here