Need help with tax return preparation for school

7/1/2020 CTM1 - TASK 2: PERSONAL TAX RETURN ADVANCED TAX CONCEPTS - C239 PRFA - CTM1 TASK OVERVIEW SUBMISSIONS EVALUATION REPORT COMPETENCIES 3028.1.1: Tax Planning The graduate applies knowledge of tax laws for planning and compliance purposes. 3028.1.2: Multijurisdictional Tax Issues The graduate analyzes the impact of multijurisdictional taxes including federal, state, local, and international taxes. 3028.1.4: Federal Taxation of Property Transactions The graduate determines the proper tax treatment for business transactions such as capital gains, the sale of a residence, and gifts. 3028.1.6: Tax Return Preparation The graduate prepares federal tax returns with IRS forms, schedules, and related reporting requirements. INTRODUCTION This task will allow you to apply your tax knowledge to a real-world tax scenario. To complete this task, you will generate and submit Form 1040 with all supporting forms, schedules, and statements. The tax forms required to complete this task need to be retrieved using tax software. You may use the "IRS Forms and Publication" web link as a reference. SCENARIO Jack and Judith Aollinger have hired you to prepare their 2018 federal income tax return. Jack is a self- employed artist with a studio at the Aollinger's home, address: 1234 Main St., Key West, FL 33040. Jack has provided the spreadsheet titled "Artist Studio" for his business in the "Client Organizer Aollinger" attachment. Jack properly accounted for all art income in his bookkeeping system. As you help the Aollingers with their taxes, use tax methods that minimize taxable income. Jack and Judith's Social Security numbers (SSN) and date of birth (DOB) are as follows: . Jack: SSN 500-00-1003; DOB 6/27/1963 Judith: SSN 543-21-0986; DOB 9/18/1970 The Aollingers have three children: . Janey: SSN 345-67-8901; DOB 7/1/2000 . Johnny: SSN 234-56-7890; DOB 2/4/2008 . Jeremy: SSN 456-78-9012; DOB 9/30/2012 https://tasks.wgu.edu/student/000484487/course/15380005/task/1403/overview