Instructions: Please complete the 2018 federal income tax return for Carlos and Maria Gomez. If required information is missing, use reasonable assumptions to fill in the gaps. Carlos and Maria Gomez live in Thibodaux, LA. The Gomezes have two children: Luis (age 14) and Amanda (age 12). Both children qualify as federal income tax dependents of Carlos and Maria. The Gomezes provided the following information: Carloss social security number is 234-78-4321 Marias social security number is 432-34-5468 Luiss social security number is 589-24-8432 Amandas social security number is 599-74-8733 The Gomezs current mailing address is 1234 Canal Blvd, Thibodaux, LA 70301

Carlos start his own engineering firm called Gomez Professional Engineers (GPE) January 1, 2018. GPE is conducted as a sole proprietorship with Carlos being the sole owner. GPE is located at 1515 Canal Blvd, Thibodaux, LA 70301 (EIN 20-1616167). Maria is a seventh grade English teacher at the local middle school. The following was reported on Marias Form W-2: Employer Gross Wages Federal Income Tax Withholding State Income Tax Withholding Local Middle School 55,000 8,000 3,750 All applicable and appropriate payroll taxes were withheld by the employer. Carlos reported the following information for GPEs business activities (GPE uses the cash method of accounting): Revenues:

Credit card receipts $352,000

Cash receipts 648,000

Total revenue $1,000,000 Expenses:

Advertising $5,450

Insurance-professional 15,750

Office building rent 62,000

Equipment leases 6,050

Travel 14,200

Meals 2,975

Entertainment 4,000

Wages 498,725

Taxes and licenses 44,875

Employee health insurance 42,000

Employee benefit programs 14,500 Utilities 37,425

Office supplies 18,900

Legal and professional fees 15,550

Repairs and maintenance 10,000

Total Expenses $ 788,400 GPE purchased and placed in service the following fixed assets in 2016: Item Date Purchased Amount Laptop computers March 1 $20,500 Printers June 1 $6,500 Office furniture September 10 $19,000 GPE does not want to claim any bonus depreciation or Section 179 expensing on any of these assets. Other Information The Gomezes have the total net capital loss of $6,000 in 2018. Assuming Gomezes total itemized deduction is $27,000 in 2018 and assume they dont have any other income or expenses and no contribution to retirement account. And assuming they are not qualified for any other credits other than child tax credits. The entire family is covered under health insurance through Marias job. The Gomezes made timely federal estimated tax payments for 2018 as follows: April 15, 2018 $11,000 June 15, 2018 $11,000 September 15, 2018 $11,000 January 15, 2019 $11,000 The Gomezes would like to receive a refund (if any) of tax they may have overpaid for the year. Their preferred method of receiving the refund is by check. Note: Please follow 2018 new tax rules and use 2017 version of tax forms. Use 2018 updated tax rates and standard deduction amount for the calculation. You may need to manually change line 42 as Qualified Business Deduction. You are expected to complete form 1140, schedule C, SE and form 4562.