Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ive uploaded more pics. Try zooming in i uploaded 3 additional pages of the same problem same problems. updated pics ive added plenty of more

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ive uploaded more pics. Try zooming in
i uploaded 3 additional pages of the same problem
same problems. updated pics image text in transcribed
image text in transcribed
image text in transcribed
ive added plenty of more pictures
MEC 124 TAX CONSIVE FROM 25. Maria live with Maria Mari Rapide Michigan 495031902 wh 1-0 y . The y An of Mi 's business records reveals that the furniture and fites, delivery truck mentioned during 2019. Maria de calculat expenses include the following Co to the Red Cross Chamber of Comme Personal Electric for August Tou Miscellaneous Expenses e d Marias pays $4.500 in State Income Estimations for 2019, personal vehicles of $450, in addition to her personal mon e stos has evidence of church contributions of $2.000 in the form of a letter from heard Other income for Maria includes a salary of 5100 each month for her service s working committee of the Drug Association. Her Form W-2 from the Associates of $1,200 und federal income tax witheid of $295. Through her work as an employee of the Drug Association Maria is able to purchase her own full your health s e verage for 500 per month. She also had 51,000 of out of pocket medical expenses. Thus, Muriais compliant with the ACA mandate Maria also earned $320 in cable interest. Maria made federal estimated tax payment totaling $5,000 during 2019. This amount is reported on Schedule 5 (Torm 1040), and on line 17 of Form 1040 - Page 2 Maria has some rental property - her former personal residence. It was rented for the entire ye to the same less and its dress is 123 Liberty Street, Grand Rapids, Michig9503-10 Maria should use Schedule E to report her Rental income and Expenses. She has had the following transactions for the rental property (51,000 per month $12.000 3,000 3.500 Cross Rents: Depreciation Repairs Sewer Mortgage Interest Insurance Property Taxes 800 1,500 1,200 I DRUG STORE La n d down.com Caton 558925 $195.240 1.100 Pascha Luces and Net purch Merchandise available for sale merchandise istoring Cost of merchandise old Gotones $259,060 169.185 Sin 5 6.541 890 7.967 3.396 644 Operating SE Advertising capens Bad debt cepende direct wit method Car and track opens Depreciation spense Insurance expense other than health) Miscellaneous pense Payroll taxes Rent expense Cocher business propert) Telephone and utilities spese Travel expense Meal expense We expense Tocal operating expenses 125 12.000 2.395 256 11.00.215 S 30.720 Ner income Marie droe ber per 2.3. TOT w long down 2017 She was the mandard motor 14.619 bin miles during the wear Tital mile for 1.300 miles. The Marathar Shehe the Moria first and the car is herb Mo lage method Maria also was invested in the stock market and she had some transactions for the tax period 2019. She would use Schedule D to report her stock transactions. She had the following stock sales in 2019 - she did not buy any new stock for the year 2019. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2019 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2019 purchased on July 25, 2018 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2019 purchased on August 15, 2017 for $120 per share. She also has a long-Term Loss Carry Forward of $6,500. Please prepare 2019 tax form 1040 and its related schedules along with Schedule C.DE and SE for Maria Sole using the forms provided from the IRS website: WWW.IRS.GOV Also, Maria does not want 53 to go to the Presidential Election Campaign fund. She signs the return on April 15, 2020. The instructor will provide the amount of the Qualified Business Income (OBD) deduction. In addition, the instructor will provide some check figures. Please prepare the tax return NOT USING a computer or computer program ACC 124 TAX COMPREHENSIVE PROBLEM Maria ASolo (SSN 318-01-602) lives at 190 Glenn Drive, Grand Rapids, Michigan 4927- 2005 Mariage 45 and single) claims her aunt Selda Ray (SSN 282-61-4011) as a dependent. S algs with Maria Maria owns and operates the Reliable Drug Store at 1816 First Street in Grand Rapids, Michigan 49503-1902, in which she materially participates the entire year. Her FINI 18-9654121 Employer quarterly payroll tax returns were filed as required, and Maria reports in the accrual method, but used the direct write-off method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture and fixtures, a delivery truck, and store equipment. The depreciation expense shown on the 2019 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2019. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: $ 350 125 Contributions to the Red Cross Chamber of Commerce Personal Electric Bill for August Total Miscellaneous Expenses: $ 555 Maria also pays $4,500 in State Income Estimated Taxes for 2019, and property taxes on her personal vehicles of $450, in addition to her personal mortgage interest of $7,000. Further, she has evidence of church contributions of $2,000 in the form of a letter from her church. Other income for Maria includes a salary of $100 each month for her services as a member of working committee of the Drug Association. Her Form W-2 from the Association shows wages of $1,200 and federal income tax withheld of $296. Through her work as an employee of the Drug Association. Maria is able to purchase her own full year health insurance coverage for S500 per month. She also had $1,000 of out of pocket medical expenses. Thus, Maria is compliant with the ACA mandate. Maria also camned 320 in taxable interest. Maria made federal estimated tax payments totaling 55,000 during 2019. This amount is reported on Schedule 5 (Form 1040), and on line 17 of Form 1040 - Page 2 Maria has some rental property-her former personal residence. It was rented for the entire year to the same lessee, and, its address is 123 Liberty Street, Grand Rapids, Michigan 49503-1902 Maria should use Schedule E to report her Rental Income and Expenses. She has had the following transactions for the rental property: ($1,000 per month) Gross Rents: Depreciation Repairs Sewer Mortgage Interest Insurance Property Taxes $12,000 3,000 3,500 600 1,500 550 1,200 Maria also was invested in the stock market; and, she had some transactions for the tax period 2019. She would use Schedule D to report her stock transactions. She had the following stock sales in 2019 - she did not buy any new stock for the year 2019. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2019 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2019 purchased on July 25, 2018 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2019 purchased on August 15, 2017 for $120 per share. She also has a Long-Term Loss Carry Forward of $6,500. Please prepare 2019 tax form 1040 and its related schedules along with Schedule C, D, E, and SE for Maria Solo using the forms provided from the IRS website: WWW.IRS.GOV Also, Maria does not want $3 to go to the Presidential Election Campaign fund. She signs the return on April 15, 2020. The instructor will provide the amount of the Qualified Business Income (QBI) deduction. In addition, the instructor will provide some check figures. Please prepare the tax return NOT USING a computer or computer program. RELIABLE DRUG STORE Income Scatement For the Year Ended December 31, 20/9 Operating revenue Sales Less sales returns and allowances Net sales $324,200 3.390) $320,810 Cost of merchandise sold: Merchandise inventory, beginning Purchases Less purchases returns and allowances Net purchases Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales $ 68.920 $198,240 (8.100 $190,140 $259,060 (69.185) (189,875) $130,935 Operating expenses Advertising expense Bad debt expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other business property) Telephone and utilities expense Travel expense Meals expense Wages expense Tocal operating expenses $ 6.541 850 7.967 3,396 644 125 3,471 12,000 2,395 256 62.500 (100,215) Net income $ 30.720 Maria drow her personal automobile for 14,619 business miles during the year. Total miles for the year were 32,815. There were 1.300 commuting miles. This is Maria's only car. She has kept 4 written log documenting her business miles. Maria first used the car in her business on May 4 2017. She nises the standard mileage method. ACC 124 TAX COMPREHENSIVE PROBLEM Maria A. Solo (SSN 318-01-6921) lives at 190 Glenn Drive, Grand Rapids, Michigan 49527- 2005. Maria (age 45 and single) claims her aunt Selda Ray (SSN 282-61-4011) as a dependent. Selda lives with Maria Maria owns and operates the Reliable Drug Store at 1816 First Street in Grand Rapids, Michigan 49503-1902, in which she materially participates the entire year. Her EIN is: 38-9654321. Employer quarterly payroll tax returns were filed as required, and Maria reports n the accrual method, but used the direct write-off method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture and fixtures, a delivery truck, and store equipment. The depreciation expense shown on the 2019 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2019. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: $350 125 Contributions to the Red Cross Chamber of Commerce Personal Electric Bill for August Total Miscellaneous Expenses: $ 555 Maria also pays $4,500 in State Income Estimated Taxes for 2019; and, property taxes on her personal vehicles of $450; in addition to her personal mortgage interest of $7,000. Further, she has evidence of church contributions of $2,000 in the form of a letter from her church Other income for Maria includes a salary of $100 each month for her services as a member of working committee of the Drug Association. Her Form W-2 from the Association shows wages of $1,200 and federal income tax withheld of $296. Through her work as an employee of the Drug Association. Maria is able to purchase her own full vear health insurance coverage for $500 per month. She also had $1.000 of out of pocket medical expenses. Thus, Maria is compliant with the ACA mandate. Maria also earned $320 in taxable interest. Marin made federal estimated tax payments totaling $5,000 during 2019. This amount is reported on Schedule 5 (Form 1040), and on line 17 of Form 1040 - Page 2 Maria has some rental property-her former personal residence. It was rented for the entire year to the same lessee; and, its address is 123 Liberty Street, Grand Rapids, Michigan 49503-1902. Maria should use Schedule E to report her Rental Income and Expenses. She has had the following transactions for the rental property: Gross Rents: $12,000 ($1,000 per month) Depreciation 3,000 Repairs 3,500 Sewer 600 Mortgage Interest 1,500 Insurance 550 Property Taxes 1,200 RELIABLE DRUG STORE Income Statement For the Year Ended December 31, 20/9 Operating revenue: Sales Less sales returns and allowances Net sales $324,200 3.390) $320,810 Cost of merchandise sold: Merchandise inventory, beginning Purchases Less purchases returns and allowances Net purchases $ 68,920 $198,240 (8.100 5190.140 Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales $259,060 (69.185) (189,875) $130,935 Operating expenses: Advertising expense Bad debe expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other business property) Telephone and utilities expense Travel expense Meals expense Wages expense Tocal operating expenses $ 6,541 850 7.967 3,396 644 125 3,471 12,000 2,395 256 70 62,500 Ner income (100.215) $ 30,720 Maria drove ber personal automobile for 14,619 business miles during the year. Total miles for the year were 32,815. There were 1.300 commuting miles. This is Marias ontby car. She has kept a written log documenting her business miles. Maria first wed the car in her business on May 4. 2017. She uses the standard mileage method. Maria also was invested in the stock market; and, she had some transactions for the tax period 2019. She would use Schedule D to report her stock transactions. She had the following stock! sales in 2019 -- she did not buy any new stock for the year 2019. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2019 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2019 purchased on July 25, 2018 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2019 purchased on August 15, 2017 for $120 per share. She also has a Long-Term Loss Carry Forward of $6,500. Please prepare 2019 tax form 1040 and its related schedules along with Schedule C, D, E, and SE for Maria Solo using the forms provided from the IRS website: WWW.IRS.GOV Also, Maria does not want $3 to go to the Presidential Election Campaign fund. She signs the return on April 15, 2020. The instructor will provide the amount of the Qualified Business Income (QBI) deduction. In addition, the instructor will provide some check figures. Please prepare the tax return NOT USING a computer or computer program. MEC 124 TAX CONSIVE FROM 25. Maria live with Maria Mari Rapide Michigan 495031902 wh 1-0 y . The y An of Mi 's business records reveals that the furniture and fites, delivery truck mentioned during 2019. Maria de calculat expenses include the following Co to the Red Cross Chamber of Comme Personal Electric for August Tou Miscellaneous Expenses e d Marias pays $4.500 in State Income Estimations for 2019, personal vehicles of $450, in addition to her personal mon e stos has evidence of church contributions of $2.000 in the form of a letter from heard Other income for Maria includes a salary of 5100 each month for her service s working committee of the Drug Association. Her Form W-2 from the Associates of $1,200 und federal income tax witheid of $295. Through her work as an employee of the Drug Association Maria is able to purchase her own full your health s e verage for 500 per month. She also had 51,000 of out of pocket medical expenses. Thus, Muriais compliant with the ACA mandate Maria also earned $320 in cable interest. Maria made federal estimated tax payment totaling $5,000 during 2019. This amount is reported on Schedule 5 (Torm 1040), and on line 17 of Form 1040 - Page 2 Maria has some rental property - her former personal residence. It was rented for the entire ye to the same less and its dress is 123 Liberty Street, Grand Rapids, Michig9503-10 Maria should use Schedule E to report her Rental income and Expenses. She has had the following transactions for the rental property (51,000 per month $12.000 3,000 3.500 Cross Rents: Depreciation Repairs Sewer Mortgage Interest Insurance Property Taxes 800 1,500 1,200 I DRUG STORE La n d down.com Caton 558925 $195.240 1.100 Pascha Luces and Net purch Merchandise available for sale merchandise istoring Cost of merchandise old Gotones $259,060 169.185 Sin 5 6.541 890 7.967 3.396 644 Operating SE Advertising capens Bad debt cepende direct wit method Car and track opens Depreciation spense Insurance expense other than health) Miscellaneous pense Payroll taxes Rent expense Cocher business propert) Telephone and utilities spese Travel expense Meal expense We expense Tocal operating expenses 125 12.000 2.395 256 11.00.215 S 30.720 Ner income Marie droe ber per 2.3. TOT w long down 2017 She was the mandard motor 14.619 bin miles during the wear Tital mile for 1.300 miles. The Marathar Shehe the Moria first and the car is herb Mo lage method Maria also was invested in the stock market and she had some transactions for the tax period 2019. She would use Schedule D to report her stock transactions. She had the following stock sales in 2019 - she did not buy any new stock for the year 2019. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2019 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2019 purchased on July 25, 2018 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2019 purchased on August 15, 2017 for $120 per share. She also has a long-Term Loss Carry Forward of $6,500. Please prepare 2019 tax form 1040 and its related schedules along with Schedule C.DE and SE for Maria Sole using the forms provided from the IRS website: WWW.IRS.GOV Also, Maria does not want 53 to go to the Presidential Election Campaign fund. She signs the return on April 15, 2020. The instructor will provide the amount of the Qualified Business Income (OBD) deduction. In addition, the instructor will provide some check figures. Please prepare the tax return NOT USING a computer or computer program ACC 124 TAX COMPREHENSIVE PROBLEM Maria ASolo (SSN 318-01-602) lives at 190 Glenn Drive, Grand Rapids, Michigan 4927- 2005 Mariage 45 and single) claims her aunt Selda Ray (SSN 282-61-4011) as a dependent. S algs with Maria Maria owns and operates the Reliable Drug Store at 1816 First Street in Grand Rapids, Michigan 49503-1902, in which she materially participates the entire year. Her FINI 18-9654121 Employer quarterly payroll tax returns were filed as required, and Maria reports in the accrual method, but used the direct write-off method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture and fixtures, a delivery truck, and store equipment. The depreciation expense shown on the 2019 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2019. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: $ 350 125 Contributions to the Red Cross Chamber of Commerce Personal Electric Bill for August Total Miscellaneous Expenses: $ 555 Maria also pays $4,500 in State Income Estimated Taxes for 2019, and property taxes on her personal vehicles of $450, in addition to her personal mortgage interest of $7,000. Further, she has evidence of church contributions of $2,000 in the form of a letter from her church. Other income for Maria includes a salary of $100 each month for her services as a member of working committee of the Drug Association. Her Form W-2 from the Association shows wages of $1,200 and federal income tax withheld of $296. Through her work as an employee of the Drug Association. Maria is able to purchase her own full year health insurance coverage for S500 per month. She also had $1,000 of out of pocket medical expenses. Thus, Maria is compliant with the ACA mandate. Maria also camned 320 in taxable interest. Maria made federal estimated tax payments totaling 55,000 during 2019. This amount is reported on Schedule 5 (Form 1040), and on line 17 of Form 1040 - Page 2 Maria has some rental property-her former personal residence. It was rented for the entire year to the same lessee, and, its address is 123 Liberty Street, Grand Rapids, Michigan 49503-1902 Maria should use Schedule E to report her Rental Income and Expenses. She has had the following transactions for the rental property: ($1,000 per month) Gross Rents: Depreciation Repairs Sewer Mortgage Interest Insurance Property Taxes $12,000 3,000 3,500 600 1,500 550 1,200 Maria also was invested in the stock market; and, she had some transactions for the tax period 2019. She would use Schedule D to report her stock transactions. She had the following stock sales in 2019 - she did not buy any new stock for the year 2019. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2019 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2019 purchased on July 25, 2018 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2019 purchased on August 15, 2017 for $120 per share. She also has a Long-Term Loss Carry Forward of $6,500. Please prepare 2019 tax form 1040 and its related schedules along with Schedule C, D, E, and SE for Maria Solo using the forms provided from the IRS website: WWW.IRS.GOV Also, Maria does not want $3 to go to the Presidential Election Campaign fund. She signs the return on April 15, 2020. The instructor will provide the amount of the Qualified Business Income (QBI) deduction. In addition, the instructor will provide some check figures. Please prepare the tax return NOT USING a computer or computer program. RELIABLE DRUG STORE Income Scatement For the Year Ended December 31, 20/9 Operating revenue Sales Less sales returns and allowances Net sales $324,200 3.390) $320,810 Cost of merchandise sold: Merchandise inventory, beginning Purchases Less purchases returns and allowances Net purchases Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales $ 68.920 $198,240 (8.100 $190,140 $259,060 (69.185) (189,875) $130,935 Operating expenses Advertising expense Bad debt expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other business property) Telephone and utilities expense Travel expense Meals expense Wages expense Tocal operating expenses $ 6.541 850 7.967 3,396 644 125 3,471 12,000 2,395 256 62.500 (100,215) Net income $ 30.720 Maria drow her personal automobile for 14,619 business miles during the year. Total miles for the year were 32,815. There were 1.300 commuting miles. This is Maria's only car. She has kept 4 written log documenting her business miles. Maria first used the car in her business on May 4 2017. She nises the standard mileage method. ACC 124 TAX COMPREHENSIVE PROBLEM Maria A. Solo (SSN 318-01-6921) lives at 190 Glenn Drive, Grand Rapids, Michigan 49527- 2005. Maria (age 45 and single) claims her aunt Selda Ray (SSN 282-61-4011) as a dependent. Selda lives with Maria Maria owns and operates the Reliable Drug Store at 1816 First Street in Grand Rapids, Michigan 49503-1902, in which she materially participates the entire year. Her EIN is: 38-9654321. Employer quarterly payroll tax returns were filed as required, and Maria reports n the accrual method, but used the direct write-off method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture and fixtures, a delivery truck, and store equipment. The depreciation expense shown on the 2019 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2019. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: $350 125 Contributions to the Red Cross Chamber of Commerce Personal Electric Bill for August Total Miscellaneous Expenses: $ 555 Maria also pays $4,500 in State Income Estimated Taxes for 2019; and, property taxes on her personal vehicles of $450; in addition to her personal mortgage interest of $7,000. Further, she has evidence of church contributions of $2,000 in the form of a letter from her church Other income for Maria includes a salary of $100 each month for her services as a member of working committee of the Drug Association. Her Form W-2 from the Association shows wages of $1,200 and federal income tax withheld of $296. Through her work as an employee of the Drug Association. Maria is able to purchase her own full vear health insurance coverage for $500 per month. She also had $1.000 of out of pocket medical expenses. Thus, Maria is compliant with the ACA mandate. Maria also earned $320 in taxable interest. Marin made federal estimated tax payments totaling $5,000 during 2019. This amount is reported on Schedule 5 (Form 1040), and on line 17 of Form 1040 - Page 2 Maria has some rental property-her former personal residence. It was rented for the entire year to the same lessee; and, its address is 123 Liberty Street, Grand Rapids, Michigan 49503-1902. Maria should use Schedule E to report her Rental Income and Expenses. She has had the following transactions for the rental property: Gross Rents: $12,000 ($1,000 per month) Depreciation 3,000 Repairs 3,500 Sewer 600 Mortgage Interest 1,500 Insurance 550 Property Taxes 1,200 RELIABLE DRUG STORE Income Statement For the Year Ended December 31, 20/9 Operating revenue: Sales Less sales returns and allowances Net sales $324,200 3.390) $320,810 Cost of merchandise sold: Merchandise inventory, beginning Purchases Less purchases returns and allowances Net purchases $ 68,920 $198,240 (8.100 5190.140 Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales $259,060 (69.185) (189,875) $130,935 Operating expenses: Advertising expense Bad debe expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other business property) Telephone and utilities expense Travel expense Meals expense Wages expense Tocal operating expenses $ 6,541 850 7.967 3,396 644 125 3,471 12,000 2,395 256 70 62,500 Ner income (100.215) $ 30,720 Maria drove ber personal automobile for 14,619 business miles during the year. Total miles for the year were 32,815. There were 1.300 commuting miles. This is Marias ontby car. She has kept a written log documenting her business miles. Maria first wed the car in her business on May 4. 2017. She uses the standard mileage method. Maria also was invested in the stock market; and, she had some transactions for the tax period 2019. She would use Schedule D to report her stock transactions. She had the following stock! sales in 2019 -- she did not buy any new stock for the year 2019. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2019 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2019 purchased on July 25, 2018 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2019 purchased on August 15, 2017 for $120 per share. She also has a Long-Term Loss Carry Forward of $6,500. Please prepare 2019 tax form 1040 and its related schedules along with Schedule C, D, E, and SE for Maria Solo using the forms provided from the IRS website: WWW.IRS.GOV Also, Maria does not want $3 to go to the Presidential Election Campaign fund. She signs the return on April 15, 2020. The instructor will provide the amount of the Qualified Business Income (QBI) deduction. In addition, the instructor will provide some check figures. Please prepare the tax return NOT USING a computer or computer program

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions