Individual Tax Return Problem 5 Required: Use the following information to complete Armando and Lourdes Gonzales's 2020 federal income tax return. If any information is missing, use reasonable assumptions to fill in the gaps. Any required forms, schedules, and instructions can be found at the IRS website (www.irs.gov). The instructions can be helpful in completing the forms. Facts: 1. Armando Z. and Lourdes K. Gonzales are married and file a joint return. Armando is self-employed as a dentist, and Lourdes is a college professor. Armando and Lourdes have three children. The oldest is Ricardo, who lives at home. Ricardo is a law student at the University of Cincinnati and worked part time during the year, earning $1,500, which he spent for his own support. Armando and Lourdes provided $6,000 toward Ricardo's support (including $4,000 for Ricardo's fall tuition). They also provided over half the support of their daughter, Selena, who is a full-time student at Edgecliff College in Cincinnati. Selena worked part time as an independent contractor during the year, earning $3,200. Selena lived at home until she was married in December 2020. She filed a joint return with her husband, Tony, who earned $30,000 during the year. Felipe is the youngest and lived in the Gonzales's home for the entire year. The Gonzaleses provide you with the following additional information: Armando and Lourdes would like to take advantage on their return of any educational expenses paid for their children. The Gonzaleses do not want to contribute to the presidential election campaign. The Gonzaleses live at 621 Franklin Avenue, Cincinnati, Ohio 45211. Armando's birthday is 3/5/1968 and his Social Security number is 333-45-6666. Lourdes's birthday is 4/24/1970 and her Social Security number is 566-77-8888. Ricardo's birthday is 11/6/1997 and his Social Security number is 576-18-7928. Selena's birthday is 2/1/2001 and her Social Security number is 575-92-4321. Felipe's birthday is 12/12/2008 and his Social Security number is 613-97-8465. The Gonzaleses do not have any foreign bank accounts or trusts. 2. Lourdes is a part-time lecturer at Xavier University in Cincinnati, where she earned $30,000. The university withheld federal income tax of $3.375, state income tax of $900, Cincinnati city income tax of $375, $1,860 of Social Security tax, and $435 of Medicare tax. (*1)She also worked part of the year for Delta Airlines. Delta paid her $10,000 in salary, and withheld federal income tax of $1,125, state income tax of $300, Cincinnati city income tax of $125, Social Security tax of $620, and Medicare tax of $145.(*2) 3. The Gonzaleses received $800 of interest from State Savings Bank on a joint account. (#) They received interest of $1,000 on City of Cincinnati bonds (#4) they bought in January with the proceeds of a loan from Third National Bank of Cincinnati. They paid interest of $1,100 on the loan. Armando received a dividend of $540 on General Bicycle Corporation stock he owns.(*6) Lourdes received a dividend of $390 on Acme Clothing Corporation stock she owns. (*5) Armando and Lourdes received a dividend of $865 on jointly owned stock in Maple Company.(*7) All of the dividends received in 2020 are qualified dividends. 4. Armando practices under the name "Armando Z. Gonzales, DDS." His business is located at 645 West Avenue, Cincinnati, Ohio 45211, and his employer identification number is 01-2222222. Armando's gross receipts during the year were $111,000. He did not receive any Form 1099s, and he did not have a requirement to file any Form 10998 for any payee. Armando uses the cash method of accounting for his business. Armando's business expenses are as follows: Advertising $ 1,200 Professional dues 490 Professional journals 360 Contributions to employee benefit plans 2,000 Malpractice insurance 3.200 Fine for overbilling State of Ohio for work performed on welfare patient 5.000 Insurance on office contents 720 Interest on money borrowed to refurbish office 600 Accounting services 2,100 Miscellaneous office expense 388 Office rent 12,000 Dental supplies 7,672 Utilities and telephone 3,360 Wages 30,000 Payroll taxes 2,400 5. In June, Armando decided to refurbish his office. This project was completed, and the assets placed in service on July 1. Armando's expenditures included $8,000 for new office furniture, $6,000 for new dental equipment (seven-year recovery period), and $2,000 for a new computer. Armando elected to compute his cost recovery allowance using MACRS. He did not elcct to use $179 immediate expensing but wishes to claim any available bonus depreciation. 6. Lourdes's mother, Maria, died on July 2, 2015, leaving Lourdes her entire estate. Included in the estate was Maria's residence (325 Oak Street, Cincinnati, Ohio 45211). Maria's basis in the residence was $30,000. The fair market value of the residence on July 2, 2015. was $155.000. The property was distributed to Lourdes on January 1, 2016. The Gonzaleses have held the property as rental property and have managed it themselves. From 2016 until June 30, 2020, they rented the house to the same tenant. The tenant was transferred to a branch office in California and moved out at the end of June. The house was empty for the rest of the year. To compute depreciation on the house, the Gonzaleses had allocated $15,000 of the property's basis to the land on which the house is located. The Gonzaleses collected rent of $1,000 a month during the six months the house was occupied during the year. You may assume that the rental activity is considered an investment activity (not a trade or business). They incurred the following related expenses during this period: Property insurance $500 Property taxes 800 Maintenance 465 Depreciation (to be computed) ? 7. The Gonzaleses sold 200 shares of Capp Corporation stock on September 3, 2020, for $42 a share (minus a $50 commission). The Gonzaleses received the stock from Armando's father on June 25, 1993, as a wedding present. Armando's father originally purchased the stock for $10 per share on January 1, 1971. The stock was valued at $14.50 per share on the date of the gift. No gift tax was paid on the gift. The sale was reported to the taxpayer and the IRS on Form 1099-B.(*8) 8. Armando and Lourdes have given you a file containing the following receipts for expenditures during the year: Prescription medicine and drugs (net of insurance reimbursement) Doctor and hospital bills (net of insurance reimbursement) Penalty for underpayment of last year's state income tax Real estate taxes on personal residence Interest on home mortgage (paid to Home State Savings & Loan) Interest on credit cards (consumer purchases) Cash contribution to St. Matthew's church Payroll deductions for Lourdes's contributions to the United Way $ 376 2,468 15 4,762 8,250 595 9,080 150 9. The Gonzaleses filed their 2019 federal, state, and local returns on April 12, 2020. They paid the following additional 2019 taxes with their returns: federal income taxes of $630, state income taxes of $250, and city income taxes of $75. 10. The Gonzaleses made timely estimated federal income tax payments of $1,500 each quarter during 2020. They also made estimated state income tax payments of $300 each quarter and estimated city income tax payments of $160 each quarter. The Gonzaleses made all fourth-quarter payments on December 31, 2020. They would like to receive a refund for any overpayments. 11. The Gonzaleses did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency. 12. Armando and Lourdes received two Economic Impact Payments (stimulus checks) in the full amount before filing their 2020 tax return. a Employee's social security number 22222 VOID For Official Use Only 566-77-8888 OMB No. 1545-0008 b Employer identification number (EN) 1 Wages, tips, other compensation 30,000 c Employer's name, address, and ZIP code 3 Social Security wages 30,000 5 Medicare wages and tips 30.000 7 Social security tips Xavier University Cincinnati, OH 2 Federal income tax withheld 3,375 4 Social security tax withheld 1860 6 Medicare tax withheld 435 & Allocated tips d Control number 10 Dependent care benefits Sult 11 Nonqualified plans 121 See instructions for box 12 Employee's first name and initial Last name Lourdes Gonzales 621 Franklin Ave Cincinnati, OH 4521 13 w Tendary BY 121 14 Other 120 12d f Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 30 000 900 20 Locality name 18 Local wages, tips, etc. 19 Local income tax 375 30,000 2020 For W-2 Wage and Tax Statement Department of the Treasury ---Internal Revenue Service For Privacy Act and Paperwork Reduction Copy A--For Social Security Administration. Send this entire page with Act Notice, see the separate instructions Form W-3 to the Social Security Administration; photocopies are not acceptable. Cat. No. 101340 Do Not Cut, Fold, or Staple Forms on This Page *1 a Employee's social security number 22222 VOID 566-77-8888 b Employer identification number (EIN) For Official Use Only OMB No 1545-0008 1 Wages, tips, other compensation 10,000 3 Social Security wages OOOD 5 Medicale wages and tips c Employer's name, address, and ZIP code 2 Federal income tax withheld 1125 4 Social Security tax withheld 620 6 Medicare tax withheld 145 8 Allocated tips Delta Airlines 10 do 7 Social security tips d Control number 10 Dependent care benefits 9 Sutt 11 Nonqualified plans 12a See instructions for box 12 Gonzales Retirement 13 Story wo Third-part seky 12b e Employee's first name and initial Last Lourdes 621 Franklin Are Cincinnati , OH 45211 14 Other 120 12d | Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 20 locality name 18 Local wages, tips, ata 19 Local income tax 125 10,000 3.00 70,000...... Form W-2 Wage and Tax Statement 2020 Department of the Treasury --Internal Revenue Service For Privacy Act and Paperwork Reduction Copy A-For Social Security Administration. Send this entire page with Act Notice, see the separate instructions. Form W-3 to the Social Security Administration photocopies are not acceptable. Cat No. 10134D Do Not Cut, Fold, or Staple Forms on This Page O VOID OMB No. 1545-0112 9292 CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIPPayer's RTN (optional) or foreign postal code, and telephone no. 2020 State Savings Bank Interest Income 1 Interest income 800 Form 1099-INT $ 2 Early withdrawal penalty Copy A PAYER'S TIN RECIPIENT'S TIN 3 Interest on U.S. Savings Bonds and Treas, obligations For Internal Revenue Service Center RECIPIENT'S name File with Form 1096 $ 4 Federal income tax withheld 5 Investment expenses IS 6 Foreign tax paid 7 Foreign country or U.S. possession Street address including apt. no.) Armando and Lourdes Gonzales 62 1 Franklin Are 8 Tax-exempt interest 9 Specified private activity bond interest City or town, state or province, country, and ZIP or foreign postal code $ 11 Bond premium For Privacy Act and Paperwork Reduction Act Notice, see the 2020 General Instructions for Certain Information Returns. 10 Market discount Cincinnati, OH 45211 FATCA filings $ requirement 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond Account number (see instructions) 2nd TIN not. 14 Tax-exempt and tax credit bond CUSP no. 15 State 16 State identification no. 17 State tax withheld Form 1099-INT Cat, No. 14410K www.lrs.gov/Form 1099INT Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page * 3 9292 VOID CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIP Payer's RTN (optional) or foreign postal code, and telephone no OMB No. 1545-0112 City of Cincinnati 2020 Interest Income 1 Interest income Form 1099-INT S 2 Early withdrawal penalty Copy A | Amando and Lourdes Gonzales ba1 Franklin Are Cincinnati, OH 45211 PAYER'S TIN RECIPIENT'S TIN IS For 3 Interest on U.S. Savings Bonds and Treas, obligations Internal Revenue Service Center IS RECIPIENT'S name 4 Federal income tax withhold 5 Investment expenses File with Form 1096. $ 6 Foreign tax paid 7 Foreign country or U.S. possession For Privacy Act Street address including apt. no.) and Paperwork 8 Tax-exempt interest 9 Specified private activity bond Reduction Act interest Notice, see the City or town, state or province, country, and ZIP or foreign postal code $ 2020 General 10 Market discount 11 Bond premium Instructions for Certain FATCA filing $ $ Information requirement Returns. 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond IS Account number see instructions) 2nd TIN not. 14 Tax-exempt and tax credit 15 State 16 State identification no. 17 State tax withheld bond CUSIP no. Is 1ooo Form 1099-INT Cat. No. 14410K www.lrs.gov/Form 1099INT Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page #4 OMB No. 1545-0110 9191 VOID CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. 390 1b Qualified dividends Clothing Ac Corp 2020 Dividends and Distributions me 390 Form 1099-DIV 2b Unrecap. Soc. 1250 gain Copy A 2a Total capital gain distr. $ 2c Section 1202 gain For Internal Revenue Service Center 2d Collectibles (2896) gain RECIPIENTS TIN PAYER'S TIN File with Form 1096. RECIPIENT'S name $ 3 Nondividend distributions $ 5 Section 199A dividends $ 7 Foreign tax paid $ 4 Federal income tax withheld $ 6 Investment expenses $ 8 Foreign country or U.S. possession Street address (including apt. no.) Lourdes Gonzales 621 Franklin Ave Cincinnati, OH 45211 For Privacy Act and Paperwork Reduction Act Notice, see the 2020 General Instructions for Certain Information Returns. City or town, state or province, country, and ZIP or foreign postal code $ 9 Cash liquidation distributions 10 Noncash liquidation distribution $ $ FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ $ Account number (see Instructions) 2nd TIN not. 13 State 14 Statefcation no 15 State tax withheld Cat No. 14415N Form 1099-DIV Do Not Cut or Separate Forms on This Page www.lrs.gow/Form1099DIV Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page *S OMB No. 1545-0110 2020 Dividends and Distributions General Bicycle Corp 9191 DVOID M CORRECTED PAYER'S name, street address, city or town, state or province, country. ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. 540 $ 1b Qualified dividends $ 540 2a Total capital gain distr. $ PAYER'S TIN RECIPIENT'S TIN 2c Section 1202 gain Form 1099-DIV 2b Unrecap. Sec, 1250 gain $ Copy A For Internal Revenue Service Center 2d Collectibles (28%) gain Armando Gonzales 621 Fraklin Ave File with Form 1096, $ S RECIPIENT'S name 3 Nondividend distributions 4 Federal income tax withheldl $ For Privacy Act and Paperwork 5 Section 199A dividends 6 Investment expenses Reduction Act Street address including apt. no.) $ Notice, see the 7 Foreign tax paid 8 Foreign country or U.S. possession 2020 General Instructions for City or town, state or province, country, and ZIP or foreign postal code $ Certain 9 Cash liquidation distributions 10 Noncash liquidation distributions Information $ $ Returns. FATCA filing 11 Exempt-interest dividends 12 Specified private activity requiremen bond interest dividends O $ $ Account number (see instructions) 2nd TIN not. 13 State 14 State donation no. 15 State tax withheld $ $ Form 1099-DIV Cat. No. 14415N www.lrs.gov/Form1099DIV Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page Cincinnati, OH 4521) *6 9191 VOID I CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. $ OMB No. 1545-0110 865 Maple company 2020 Dividends and Distributions 1b Qualified dividends 865 $ 2a Total capital gain distr. Form 1099-DIV 2b Unrecap. Soc. 1250 gain $ PAYER'S TIN RECIPIENTS TIN 2c Section 1202 gain Copy A For Internal Revenue Service Center 2d Collectibles (28%) gain File with Form 1096. RECIPIENT'S name S $ 3 Nondividend distributions4 Federal income tax withheld Armando a Lourdes Gonzales 5 Section 199A dividends Street address (including apt, no.) 6 Investment expenses $ 8 Foreign country or U.S. Po 7 Foreign tax paid 621 Franklin Aro For Privacy Act and Paperwork Reduction Act Notice, see the 2020 General Instructions for Certain Information Returns. Cincinnati, OH 45211 City or town, state or province, country, and ZIP or foreign postal code $ Cash liquidation distributions 10 Noncash liquidation distributions $ FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ $ Account number (see instructions) 2nd TIN not. 13 State 14 State identification no. 15 State tax withheld Form 1099-DIV Cat. No. 14415N Do Not Cut or Separate Forms on This Page www.lrs.gov/Form1099DIV Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page St Capp Corporation of Cape Corporation 7979 VOID CORRECTED OMB No. 1545-0715 Applicable checkbox on Form 8949 PAYER'S name, street address, city or town, state or province, country, ZIP Proceeds From or foreign postal code, and telephone no. 2020 Barter Exchange Broker and Form 1099-B Transactions 1a Description of property (Example: 100 sh.XYZ Co.) 200 shares 1b Date acquired 1c Dute sold or disposed 1111971 9/30/2020 PAYER'S TIN RECIPIENT'S TIN 1d Proceeds 1e Cost or other basis Copy A Is You determine 1g Wash sale loss disallowed For Internal Revenue RECIPIENT'S name 2 Short-term gain or loss 3 Check if proceeds from: Service Center Long-term gain or loss Collectibles D File with Form 1096. Ordinary QOF Street address (including apt. no.) 4 Federal income tax withheld 5 Check if noncovered security 333-45-6660 shot discount 8,350 Armando Gonzales 621 Franklin Ave Cincinnati, OH 45211 6 Reported to IRS: 7 Check ifloss is not allowed For Privacy Act based on amount in 1d and Paperwork City or town, state or province, country, and ZIP or foreign postal code Gross proceeds Reduction Act Net proceeds Notice, see the 8 Profit or loss) realized in 9 Unrealized profit or loss) on 2020 on closed contracts open contracts-12/31/2019 2020 General Account number (see instructions) 2nd TIN not. Instructions for n Certain FATCA filing CUSIP number Information 10 Unrealized profit or loss, on 11 Aggregate profit or loss) requirement aper contracts-12/31/2020 on contracts Returns. 14 State name 15 State identification no. 16 State tax withheld $ 12 Check if basis reported to 13 IRS $ Form 1099-B Cat No. 14411V www.irs.gov/Form10998 Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page - Do Not Cut or Separate Forms on This Page r Individual Tax Return Problem 5 Required: Use the following information to complete Armando and Lourdes Gonzales's 2020 federal income tax return. If any information is missing, use reasonable assumptions to fill in the gaps. Any required forms, schedules, and instructions can be found at the IRS website (www.irs.gov). The instructions can be helpful in completing the forms. Facts: 1. Armando Z. and Lourdes K. Gonzales are married and file a joint return. Armando is self-employed as a dentist, and Lourdes is a college professor. Armando and Lourdes have three children. The oldest is Ricardo, who lives at home. Ricardo is a law student at the University of Cincinnati and worked part time during the year, earning $1,500, which he spent for his own support. Armando and Lourdes provided $6,000 toward Ricardo's support (including $4,000 for Ricardo's fall tuition). They also provided over half the support of their daughter, Selena, who is a full-time student at Edgecliff College in Cincinnati. Selena worked part time as an independent contractor during the year, earning $3,200. Selena lived at home until she was married in December 2020. She filed a joint return with her husband, Tony, who earned $30,000 during the year. Felipe is the youngest and lived in the Gonzales's home for the entire year. The Gonzaleses provide you with the following additional information: Armando and Lourdes would like to take advantage on their return of any educational expenses paid for their children. The Gonzaleses do not want to contribute to the presidential election campaign. The Gonzaleses live at 621 Franklin Avenue, Cincinnati, Ohio 45211. Armando's birthday is 3/5/1968 and his Social Security number is 333-45-6666. Lourdes's birthday is 4/24/1970 and her Social Security number is 566-77-8888. Ricardo's birthday is 11/6/1997 and his Social Security number is 576-18-7928. Selena's birthday is 2/1/2001 and her Social Security number is 575-92-4321. Felipe's birthday is 12/12/2008 and his Social Security number is 613-97-8465. The Gonzaleses do not have any foreign bank accounts or trusts. 2. Lourdes is a part-time lecturer at Xavier University in Cincinnati, where she earned $30,000. The university withheld federal income tax of $3.375, state income tax of $900, Cincinnati city income tax of $375, $1,860 of Social Security tax, and $435 of Medicare tax. (*1)She also worked part of the year for Delta Airlines. Delta paid her $10,000 in salary, and withheld federal income tax of $1,125, state income tax of $300, Cincinnati city income tax of $125, Social Security tax of $620, and Medicare tax of $145.(*2) 3. The Gonzaleses received $800 of interest from State Savings Bank on a joint account. (#) They received interest of $1,000 on City of Cincinnati bonds (#4) they bought in January with the proceeds of a loan from Third National Bank of Cincinnati. They paid interest of $1,100 on the loan. Armando received a dividend of $540 on General Bicycle Corporation stock he owns.(*6) Lourdes received a dividend of $390 on Acme Clothing Corporation stock she owns. (*5) Armando and Lourdes received a dividend of $865 on jointly owned stock in Maple Company.(*7) All of the dividends received in 2020 are qualified dividends. 4. Armando practices under the name "Armando Z. Gonzales, DDS." His business is located at 645 West Avenue, Cincinnati, Ohio 45211, and his employer identification number is 01-2222222. Armando's gross receipts during the year were $111,000. He did not receive any Form 1099s, and he did not have a requirement to file any Form 10998 for any payee. Armando uses the cash method of accounting for his business. Armando's business expenses are as follows: Advertising $ 1,200 Professional dues 490 Professional journals 360 Contributions to employee benefit plans 2,000 Malpractice insurance 3.200 Fine for overbilling State of Ohio for work performed on welfare patient 5.000 Insurance on office contents 720 Interest on money borrowed to refurbish office 600 Accounting services 2,100 Miscellaneous office expense 388 Office rent 12,000 Dental supplies 7,672 Utilities and telephone 3,360 Wages 30,000 Payroll taxes 2,400 5. In June, Armando decided to refurbish his office. This project was completed, and the assets placed in service on July 1. Armando's expenditures included $8,000 for new office furniture, $6,000 for new dental equipment (seven-year recovery period), and $2,000 for a new computer. Armando elected to compute his cost recovery allowance using MACRS. He did not elcct to use $179 immediate expensing but wishes to claim any available bonus depreciation. 6. Lourdes's mother, Maria, died on July 2, 2015, leaving Lourdes her entire estate. Included in the estate was Maria's residence (325 Oak Street, Cincinnati, Ohio 45211). Maria's basis in the residence was $30,000. The fair market value of the residence on July 2, 2015. was $155.000. The property was distributed to Lourdes on January 1, 2016. The Gonzaleses have held the property as rental property and have managed it themselves. From 2016 until June 30, 2020, they rented the house to the same tenant. The tenant was transferred to a branch office in California and moved out at the end of June. The house was empty for the rest of the year. To compute depreciation on the house, the Gonzaleses had allocated $15,000 of the property's basis to the land on which the house is located. The Gonzaleses collected rent of $1,000 a month during the six months the house was occupied during the year. You may assume that the rental activity is considered an investment activity (not a trade or business). They incurred the following related expenses during this period: Property insurance $500 Property taxes 800 Maintenance 465 Depreciation (to be computed) ? 7. The Gonzaleses sold 200 shares of Capp Corporation stock on September 3, 2020, for $42 a share (minus a $50 commission). The Gonzaleses received the stock from Armando's father on June 25, 1993, as a wedding present. Armando's father originally purchased the stock for $10 per share on January 1, 1971. The stock was valued at $14.50 per share on the date of the gift. No gift tax was paid on the gift. The sale was reported to the taxpayer and the IRS on Form 1099-B.(*8) 8. Armando and Lourdes have given you a file containing the following receipts for expenditures during the year: Prescription medicine and drugs (net of insurance reimbursement) Doctor and hospital bills (net of insurance reimbursement) Penalty for underpayment of last year's state income tax Real estate taxes on personal residence Interest on home mortgage (paid to Home State Savings & Loan) Interest on credit cards (consumer purchases) Cash contribution to St. Matthew's church Payroll deductions for Lourdes's contributions to the United Way $ 376 2,468 15 4,762 8,250 595 9,080 150 9. The Gonzaleses filed their 2019 federal, state, and local returns on April 12, 2020. They paid the following additional 2019 taxes with their returns: federal income taxes of $630, state income taxes of $250, and city income taxes of $75. 10. The Gonzaleses made timely estimated federal income tax payments of $1,500 each quarter during 2020. They also made estimated state income tax payments of $300 each quarter and estimated city income tax payments of $160 each quarter. The Gonzaleses made all fourth-quarter payments on December 31, 2020. They would like to receive a refund for any overpayments. 11. The Gonzaleses did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency. 12. Armando and Lourdes received two Economic Impact Payments (stimulus checks) in the full amount before filing their 2020 tax return. a Employee's social security number 22222 VOID For Official Use Only 566-77-8888 OMB No. 1545-0008 b Employer identification number (EN) 1 Wages, tips, other compensation 30,000 c Employer's name, address, and ZIP code 3 Social Security wages 30,000 5 Medicare wages and tips 30.000 7 Social security tips Xavier University Cincinnati, OH 2 Federal income tax withheld 3,375 4 Social security tax withheld 1860 6 Medicare tax withheld 435 & Allocated tips d Control number 10 Dependent care benefits Sult 11 Nonqualified plans 121 See instructions for box 12 Employee's first name and initial Last name Lourdes Gonzales 621 Franklin Ave Cincinnati, OH 4521 13 w Tendary BY 121 14 Other 120 12d f Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 30 000 900 20 Locality name 18 Local wages, tips, etc. 19 Local income tax 375 30,000 2020 For W-2 Wage and Tax Statement Department of the Treasury ---Internal Revenue Service For Privacy Act and Paperwork Reduction Copy A--For Social Security Administration. Send this entire page with Act Notice, see the separate instructions Form W-3 to the Social Security Administration; photocopies are not acceptable. Cat. No. 101340 Do Not Cut, Fold, or Staple Forms on This Page *1 a Employee's social security number 22222 VOID 566-77-8888 b Employer identification number (EIN) For Official Use Only OMB No 1545-0008 1 Wages, tips, other compensation 10,000 3 Social Security wages OOOD 5 Medicale wages and tips c Employer's name, address, and ZIP code 2 Federal income tax withheld 1125 4 Social Security tax withheld 620 6 Medicare tax withheld 145 8 Allocated tips Delta Airlines 10 do 7 Social security tips d Control number 10 Dependent care benefits 9 Sutt 11 Nonqualified plans 12a See instructions for box 12 Gonzales Retirement 13 Story wo Third-part seky 12b e Employee's first name and initial Last Lourdes 621 Franklin Are Cincinnati , OH 45211 14 Other 120 12d | Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 20 locality name 18 Local wages, tips, ata 19 Local income tax 125 10,000 3.00 70,000...... Form W-2 Wage and Tax Statement 2020 Department of the Treasury --Internal Revenue Service For Privacy Act and Paperwork Reduction Copy A-For Social Security Administration. Send this entire page with Act Notice, see the separate instructions. Form W-3 to the Social Security Administration photocopies are not acceptable. Cat No. 10134D Do Not Cut, Fold, or Staple Forms on This Page O VOID OMB No. 1545-0112 9292 CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIPPayer's RTN (optional) or foreign postal code, and telephone no. 2020 State Savings Bank Interest Income 1 Interest income 800 Form 1099-INT $ 2 Early withdrawal penalty Copy A PAYER'S TIN RECIPIENT'S TIN 3 Interest on U.S. Savings Bonds and Treas, obligations For Internal Revenue Service Center RECIPIENT'S name File with Form 1096 $ 4 Federal income tax withheld 5 Investment expenses IS 6 Foreign tax paid 7 Foreign country or U.S. possession Street address including apt. no.) Armando and Lourdes Gonzales 62 1 Franklin Are 8 Tax-exempt interest 9 Specified private activity bond interest City or town, state or province, country, and ZIP or foreign postal code $ 11 Bond premium For Privacy Act and Paperwork Reduction Act Notice, see the 2020 General Instructions for Certain Information Returns. 10 Market discount Cincinnati, OH 45211 FATCA filings $ requirement 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond Account number (see instructions) 2nd TIN not. 14 Tax-exempt and tax credit bond CUSP no. 15 State 16 State identification no. 17 State tax withheld Form 1099-INT Cat, No. 14410K www.lrs.gov/Form 1099INT Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page * 3 9292 VOID CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIP Payer's RTN (optional) or foreign postal code, and telephone no OMB No. 1545-0112 City of Cincinnati 2020 Interest Income 1 Interest income Form 1099-INT S 2 Early withdrawal penalty Copy A | Amando and Lourdes Gonzales ba1 Franklin Are Cincinnati, OH 45211 PAYER'S TIN RECIPIENT'S TIN IS For 3 Interest on U.S. Savings Bonds and Treas, obligations Internal Revenue Service Center IS RECIPIENT'S name 4 Federal income tax withhold 5 Investment expenses File with Form 1096. $ 6 Foreign tax paid 7 Foreign country or U.S. possession For Privacy Act Street address including apt. no.) and Paperwork 8 Tax-exempt interest 9 Specified private activity bond Reduction Act interest Notice, see the City or town, state or province, country, and ZIP or foreign postal code $ 2020 General 10 Market discount 11 Bond premium Instructions for Certain FATCA filing $ $ Information requirement Returns. 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond IS Account number see instructions) 2nd TIN not. 14 Tax-exempt and tax credit 15 State 16 State identification no. 17 State tax withheld bond CUSIP no. Is 1ooo Form 1099-INT Cat. No. 14410K www.lrs.gov/Form 1099INT Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page #4 OMB No. 1545-0110 9191 VOID CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. 390 1b Qualified dividends Clothing Ac Corp 2020 Dividends and Distributions me 390 Form 1099-DIV 2b Unrecap. Soc. 1250 gain Copy A 2a Total capital gain distr. $ 2c Section 1202 gain For Internal Revenue Service Center 2d Collectibles (2896) gain RECIPIENTS TIN PAYER'S TIN File with Form 1096. RECIPIENT'S name $ 3 Nondividend distributions $ 5 Section 199A dividends $ 7 Foreign tax paid $ 4 Federal income tax withheld $ 6 Investment expenses $ 8 Foreign country or U.S. possession Street address (including apt. no.) Lourdes Gonzales 621 Franklin Ave Cincinnati, OH 45211 For Privacy Act and Paperwork Reduction Act Notice, see the 2020 General Instructions for Certain Information Returns. City or town, state or province, country, and ZIP or foreign postal code $ 9 Cash liquidation distributions 10 Noncash liquidation distribution $ $ FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ $ Account number (see Instructions) 2nd TIN not. 13 State 14 Statefcation no 15 State tax withheld Cat No. 14415N Form 1099-DIV Do Not Cut or Separate Forms on This Page www.lrs.gow/Form1099DIV Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page *S OMB No. 1545-0110 2020 Dividends and Distributions General Bicycle Corp 9191 DVOID M CORRECTED PAYER'S name, street address, city or town, state or province, country. ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. 540 $ 1b Qualified dividends $ 540 2a Total capital gain distr. $ PAYER'S TIN RECIPIENT'S TIN 2c Section 1202 gain Form 1099-DIV 2b Unrecap. Sec, 1250 gain $ Copy A For Internal Revenue Service Center 2d Collectibles (28%) gain Armando Gonzales 621 Fraklin Ave File with Form 1096, $ S RECIPIENT'S name 3 Nondividend distributions 4 Federal income tax withheldl $ For Privacy Act and Paperwork 5 Section 199A dividends 6 Investment expenses Reduction Act Street address including apt. no.) $ Notice, see the 7 Foreign tax paid 8 Foreign country or U.S. possession 2020 General Instructions for City or town, state or province, country, and ZIP or foreign postal code $ Certain 9 Cash liquidation distributions 10 Noncash liquidation distributions Information $ $ Returns. FATCA filing 11 Exempt-interest dividends 12 Specified private activity requiremen bond interest dividends O $ $ Account number (see instructions) 2nd TIN not. 13 State 14 State donation no. 15 State tax withheld $ $ Form 1099-DIV Cat. No. 14415N www.lrs.gov/Form1099DIV Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page Cincinnati, OH 4521) *6 9191 VOID I CORRECTED PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. $ OMB No. 1545-0110 865 Maple company 2020 Dividends and Distributions 1b Qualified dividends 865 $ 2a Total capital gain distr. Form 1099-DIV 2b Unrecap. Soc. 1250 gain $ PAYER'S TIN RECIPIENTS TIN 2c Section 1202 gain Copy A For Internal Revenue Service Center 2d Collectibles (28%) gain File with Form 1096. RECIPIENT'S name S $ 3 Nondividend distributions4 Federal income tax withheld Armando a Lourdes Gonzales 5 Section 199A dividends Street address (including apt, no.) 6 Investment expenses $ 8 Foreign country or U.S. Po 7 Foreign tax paid 621 Franklin Aro For Privacy Act and Paperwork Reduction Act Notice, see the 2020 General Instructions for Certain Information Returns. Cincinnati, OH 45211 City or town, state or province, country, and ZIP or foreign postal code $ Cash liquidation distributions 10 Noncash liquidation distributions $ FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ $ Account number (see instructions) 2nd TIN not. 13 State 14 State identification no. 15 State tax withheld Form 1099-DIV Cat. No. 14415N Do Not Cut or Separate Forms on This Page www.lrs.gov/Form1099DIV Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page St Capp Corporation of Cape Corporation 7979 VOID CORRECTED OMB No. 1545-0715 Applicable checkbox on Form 8949 PAYER'S name, street address, city or town, state or province, country, ZIP Proceeds From or foreign postal code, and telephone no. 2020 Barter Exchange Broker and Form 1099-B Transactions 1a Description of property (Example: 100 sh.XYZ Co.) 200 shares 1b Date acquired 1c Dute sold or disposed 1111971 9/30/2020 PAYER'S TIN RECIPIENT'S TIN 1d Proceeds 1e Cost or other basis Copy A Is You determine 1g Wash sale loss disallowed For Internal Revenue RECIPIENT'S name 2 Short-term gain or loss 3 Check if proceeds from: Service Center Long-term gain or loss Collectibles D File with Form 1096. Ordinary QOF Street address (including apt. no.) 4 Federal income tax withheld 5 Check if noncovered security 333-45-6660 shot discount 8,350 Armando Gonzales 621 Franklin Ave Cincinnati, OH 45211 6 Reported to IRS: 7 Check ifloss is not allowed For Privacy Act based on amount in 1d and Paperwork City or town, state or province, country, and ZIP or foreign postal code Gross proceeds Reduction Act Net proceeds Notice, see the 8 Profit or loss) realized in 9 Unrealized profit or loss) on 2020 on closed contracts open contracts-12/31/2019 2020 General Account number (see instructions) 2nd TIN not. Instructions for n Certain FATCA filing CUSIP number Information 10 Unrealized profit or loss, on 11 Aggregate profit or loss) requirement aper contracts-12/31/2020 on contracts Returns. 14 State name 15 State identification no. 16 State tax withheld $ 12 Check if basis reported to 13 IRS $ Form 1099-B Cat No. 14411V www.irs.gov/Form10998 Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page - Do Not Cut or Separate Forms on This Page r