INDIVIDUAL PRACTICE SET #2 GEORGE AND NILA AMBERSON INDIVIDUAL FEDERAL INCOME TAX RETURN 2014 ANNUAL EDITION ALL DATES RELATE TO YEAR 2014 UNLESS STATED OTHERWISE 1.0 INTRODUCTION: You have been employed to complete the 2014 Federal income tax return for George and Nila Amberson. The Ambersons have provided you with original copies of all third party documents filed with the IRS, such as W- 2's, 1099's, and K-1's. They have also provided you with adequate written documentation to substantiate all transactions mentioned in this case. Lastly, they have provided you with copies of their respective 2013 Federal income tax returns. 1.1 Taxpayer Biographical Information: Biographical data relating to the Ambersons are as follows: George Cohan Amberson, SSN 488-56-2301. Born February 26, 1964. Operated unincorporated landscape engineering business in Temple, Texas during the entire year. Nila Rademaker Amberson, SSN 460-30-2020. Born November 11, 1964. Employed as a professor of English literature at Howard Payne University in Brownwood, Texas during the entire year. George and Nila Amberson were married in Temple on February 14. They reside at 315 West Avenue, Temple, Texas 76501. Their daytime telephone number is (254)555-3976. 1.2 Persons Supported by the Ambersons: George has the following single children by his first wife Michelle Ryan Amberson who died on July 14, 2012: Jennifer Harrison Amberson, SSN 280-90-6502. Born on October 22, 1992. Full-time student at University of Dallas prior to graduation in May. Moved to Galveston, Texas in July. Employed as commercial artist there starting in October. Income consisted of wages of $6,000 and dividend income of $300. The Ambersons provided 60 percent of her support. Charles Michael Amberson, SSN 280-54-6099. Born July 19, 1995. Began college as full-time student at Depaul University in Chicago in August. Only income consisted of scholarship worth $4,000, of which 75 percent was used to pay for tuition and fees. The Ambersons contributed 90 percent of his support. Jeffrey Logan Amberson, SSN 488-60-0560. Born November 1, 1999. Full-time high school student. Only income consisted of dividend income of $2,000. The Ambersons contributed all of his support. Killian George Amberson, SSN 488-56-3400. Born June 19, 2003. Full-time elementary student. Only income consisted of dividend income of $1,700. The Ambersons contributed all of his support