Noah and Joan Arc live with their family in Dayton, OH. Noahs Social Security number is 434-11-3311. Noah was born on February 22, 1985 and Joan was born on July 1, 1986. Both enjoy good health and eyesight. Noah owns and operates a pet store and Joan is a firefighter for the city of Dayton.

I need help filling out the forms

Form 1040 Schedule SE Schedule 1 Form 2441 Schedule 2 Form 4562 Schedule 3 Form 8812 Schedule A Form 8949 Schedule B Form 8995 Schedule C Child Tax Credit Worksheet Schedule D Qualified Dividends and Capital Gain Tax Worksheet Schedule E

Use the Intuit ProConnect tax software to prepare the federal tax return for Mr. and Mrs. Arc. You will need to make sure the federal return includes the following forms and schedules: Form 1040 Schedule SE Schedule 1 Form 2441 Schedule 2 Form 4562 Schedule 3 Form 8812 Schedule A Form 8949 Schedule B Form 8995 Schedule C Child Tax Credit Worksheet Schedule D Qualified Dividends and Capital Gain Tax Worksheet Schedule E Noah and Joan Arc's Tax Retum Noah and Joan Arc live with their family in Dayton, OH. Noah's Social Security number is 134-11-3311. Noah was born on February 22, 1985 and Joan was born on July 1, 1986 Both enjoy good health and eyesight. Noah owns and operates a pet store and Joan is a firefighter for the city of Dayton 1. The Arcs have two children, a son named Shem (Social Security number 598-01-2345). born on March 21, 2013, and a daughter named Nora (Social Security number 554-33- 2411), born on December 3, 2016. 2. Joan and Noah brought a folder of tax documents located on Pages D-3 to D-5. 3. Noah's pet store is located at 1415 S Patterson Blvd, Dayton, OH 45409. The name of the store is "The Arc," and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping you have printed the income statement from your Quickbooks software, shown on Page D-5 The Arc did not claim the COVID-related provisions for the employee retention credit or sick and family leave credits but Noah did defer his self-employment taxes related to The Arc. He estimates 77.5 percent of the profits can be allocated to the period March 27, 2020 through December 31, 2020. 4. Detail of The Arc's meals and entertainment: $ 400 Meals associated with business travel 300 Arc employee holiday party 100 Overtime meals for employees 600 Sports tickets for entertaining large customers $ 1.400 5. Travel costs are business related and do not include mcals. 6. Noah and Joan paid the following amounts during the year (all by check) Political contributions $ 250 Church donations (for which a written acknowledgment was received) 5,025 Real estate taxes on their home 2,400 Medical co-pays for doctor visits 700 Mortgage interest for purchase of home See Form 1098 (Page D-4) Tax retum preparation fees 350 Credit card interest 220 Automobile insurance premiums 600 Uniforms for Joan 125 Contribution to Noah's individual retirement account (made on April 1, 2021) 6,000 7. Noah has a long-term capital loss carryover from last year of $2.313. 8. Noah and Joan own a condo and use it as a rental property. The condo is located at 16 Oakwood Ave, Unit A, Dayton, OH 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection and other services as needed. On average, Noah spends about 2 hours per week on the rental activity. The revenue and expenses for the year are as follows: Rental income $14,000 Insurance 600 Interest expense 5,700 Property taxes 1,000 Miscellaneous expenses 700 The home was acquired for $82,500 in 2004. No improvements have been ma te to the property. 9. The Ares paid Ohio general sales tax of $1,076 during the year. 10. The Arcs received a $3,400 EIP in 2020 Required. You are to prepare the Arc's federal income tax return in good form, signing the return as the preparer. Do not complete an Ohio state income tax rulurn Make realistic assumptions about any missing data that you may need. The following forms and schedules are required: Form 1040 Schedule SE Schedule 1 Form 2441 Schedule 2 Form 4562 Schedule 3 Form 8812 Schedule A Form 1949 Schedule B Form 8995 Schedule C Child Tax Credit Worksheet Schedule D Qualified Dividends and Capital Gain Tax Worksheet Schedule E Note: The forms included in Appendix D are provided for the student to work on only one of the two additional comprehensive problems If desired, additional tax forms may be obtained from the IRS website at www.irs.gov. 456-87-5432 wer FO a.file 30.350 00 33-4382966 e tyre City of Dayton Fire and Rescue 123 Warren Street Dayton, OH 45402 30.350 00 RE 30.350 00 5,002 00 1 891 70 440 08 La re . Por . . th DD 9.69713 Joan Arc 1265 W Riverview Avenue Dayton, OH 45402 Te - tot OHI 1126-87021 30 350.00 97 1.900 00 IN. 30,350 00 758 75 DAYTN W-2 Waga and Tan Statement 2020 DES- Con-Te Beledwin Employee's FEDERAL Turn The brydowe Sante NINMINNIRNI AMATORIALE ALTUIATR 17 FE' LA 512MPL... NASTAWIAH IT 077 I Charlotte Squab Financial Services 123 Wall Street New Yurk, NY 10005 Joan and Noah Are 1265 W. Riverview Avenue Dayton, OH 454112 SSN: 456-87-5432 Dale December 31, 2020 Dnndends Substitute 1099 Statement Box la Ordinary Dividends Bor D Quohled Dividends Box 70 Cap Gain Disini Box 4 Federal Income To Tow withheld Bow Foreign Pod Box FITO exempl Dividends Poyer Honda 322.00 32200 000 0.00 000 000 Texas Lin. 200 00 120000 000 000 000 0.00 CS Cinth Fund 40000 400.00 250 00 0.00 2000 000 Stock Transactions D. Nel Proceeds freported 1 IRS Description Date Aca Date Sold 100 shs. Blue Corp 02/11/2010 08/15/2020 4 $45.00 2.580.00 50 shs. Yellow Corp. 01/13/2020 06/05/2020 & 100 00 5.375.00 25 shs. Red Co. 10/02/2011 10/07/2020 12. 200.00 1.650.00 Mortgage Interest Statement CORRECTED ( checked RECIPIENT SLENDER'S news, or town, San 'Caution: The OMB No 1545-O way province. COUNTDP or foreign port code and phone Aty due you ed on the Chase Mortgage arde oldu 2020 every apply Ale 100 Park Avenue may Jasured by you New York, NY 10017 ped by you sed by were Form 1090 1 Mortgage leest received from payer borwertar $ 10,105.00 REOPENTYLENDERS TIN PAYERSBORROWER'S TIN 2 Outstanding more 3 Mongageorgetone prin 13-4296127 434-11-3311 $ 274.700.00 03/13/2011 Ralud of ovepard Mortgage Vi prema PAYERSBORROWER Sarne $ Noah and Joan Arc Pointa pad on purchase of properence $ $ Set address including Roto) 7 xir address of property secuing engage in as PAYER'S BORROWER Sass the bora che 1265 W. Riverview Avenue the response tout Chyrow, state of prownice, country and Perforeign postal code Address or descrtion of property instructions Dayton, OH 45402 Copy B For Payer! Borrower Trece YOU! . YRA 1 ... N A . 1 1.te Number of properti securing 10 Other more 1 11 Met Accomber for 1098 Masp for your recorda www.goon100 Depianmaria The Fr. e V IMTI ROUNDUP DAY CARE CENTE 245 N. WILKINSON STREET DAYTON, OH 45401 January 12, 2021 Joan and Noah Arc 1265 W. Riverview Avenue Dayton, OH 45402 Dear loan and Noah, Thank you for a great 2020 at Roundupl We appreciate your patronage during the year and hope to continue to provide excellent service for Nora in 2020. We have provided the tax information for calendar year 2020 below. Please let us know if you need any additional Information Sincerely, Charles F. Burgundian Charles F. Burgundian Executive Director, Roundup Day Care EIN 54-0983456 Date of service January 1, 2020 - December 31, 2020 Amount Pald $3,000.00 Child Nora Arc $ 143,500.00 143,500.00 The Arc 95-9876556 Income Statement For the Year Ended December 31, 2020 Revenue: Gross Sales Less: Sales Retums and Allowances Net Sales Cost of Goods Sold: Beginning Inventory $ 10.250.00 Add: Purchases 62,150.00 72,400.00 Less: Ending Inventory 10.000.00 Cost of Goods Sold Gross Profit (Loss) Expenses: Dues and Subscriptions Estimated Federal Tax Payments 7,500.00 Estimated State Tax Payments 3.800 00 Insurance 3,950.00 Meals and Entertainment 1,400 00 Miscellaneous Payroll Taxes 3,830.00 Professional Fees 1.710.00 Rent 8.420.00 Travel 1.230.00 Utilities 1.250.00 Vehicle Expenses Wages 25, 110.00 Total Expenses 62,400 00 81,100.00 58.200.00 $ 22.900 00 Net Operating Income Use the Intuit ProConnect tax software to prepare the federal tax return for Mr. and Mrs. Arc. You will need to make sure the federal return includes the following forms and schedules: Form 1040 Schedule SE Schedule 1 Form 2441 Schedule 2 Form 4562 Schedule 3 Form 8812 Schedule A Form 8949 Schedule B Form 8995 Schedule C Child Tax Credit Worksheet Schedule D Qualified Dividends and Capital Gain Tax Worksheet Schedule E Noah and Joan Arc's Tax Retum Noah and Joan Arc live with their family in Dayton, OH. Noah's Social Security number is 134-11-3311. Noah was born on February 22, 1985 and Joan was born on July 1, 1986 Both enjoy good health and eyesight. Noah owns and operates a pet store and Joan is a firefighter for the city of Dayton 1. The Arcs have two children, a son named Shem (Social Security number 598-01-2345). born on March 21, 2013, and a daughter named Nora (Social Security number 554-33- 2411), born on December 3, 2016. 2. Joan and Noah brought a folder of tax documents located on Pages D-3 to D-5. 3. Noah's pet store is located at 1415 S Patterson Blvd, Dayton, OH 45409. The name of the store is "The Arc," and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping you have printed the income statement from your Quickbooks software, shown on Page D-5 The Arc did not claim the COVID-related provisions for the employee retention credit or sick and family leave credits but Noah did defer his self-employment taxes related to The Arc. He estimates 77.5 percent of the profits can be allocated to the period March 27, 2020 through December 31, 2020. 4. Detail of The Arc's meals and entertainment: $ 400 Meals associated with business travel 300 Arc employee holiday party 100 Overtime meals for employees 600 Sports tickets for entertaining large customers $ 1.400 5. Travel costs are business related and do not include mcals. 6. Noah and Joan paid the following amounts during the year (all by check) Political contributions $ 250 Church donations (for which a written acknowledgment was received) 5,025 Real estate taxes on their home 2,400 Medical co-pays for doctor visits 700 Mortgage interest for purchase of home See Form 1098 (Page D-4) Tax retum preparation fees 350 Credit card interest 220 Automobile insurance premiums 600 Uniforms for Joan 125 Contribution to Noah's individual retirement account (made on April 1, 2021) 6,000 7. Noah has a long-term capital loss carryover from last year of $2.313. 8. Noah and Joan own a condo and use it as a rental property. The condo is located at 16 Oakwood Ave, Unit A, Dayton, OH 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection and other services as needed. On average, Noah spends about 2 hours per week on the rental activity. The revenue and expenses for the year are as follows: Rental income $14,000 Insurance 600 Interest expense 5,700 Property taxes 1,000 Miscellaneous expenses 700 The home was acquired for $82,500 in 2004. No improvements have been ma te to the property. 9. The Ares paid Ohio general sales tax of $1,076 during the year. 10. The Arcs received a $3,400 EIP in 2020 Required. You are to prepare the Arc's federal income tax return in good form, signing the return as the preparer. Do not complete an Ohio state income tax rulurn Make realistic assumptions about any missing data that you may need. The following forms and schedules are required: Form 1040 Schedule SE Schedule 1 Form 2441 Schedule 2 Form 4562 Schedule 3 Form 8812 Schedule A Form 1949 Schedule B Form 8995 Schedule C Child Tax Credit Worksheet Schedule D Qualified Dividends and Capital Gain Tax Worksheet Schedule E Note: The forms included in Appendix D are provided for the student to work on only one of the two additional comprehensive problems If desired, additional tax forms may be obtained from the IRS website at www.irs.gov. 456-87-5432 wer FO a.file 30.350 00 33-4382966 e tyre City of Dayton Fire and Rescue 123 Warren Street Dayton, OH 45402 30.350 00 RE 30.350 00 5,002 00 1 891 70 440 08 La re . Por . . th DD 9.69713 Joan Arc 1265 W Riverview Avenue Dayton, OH 45402 Te - tot OHI 1126-87021 30 350.00 97 1.900 00 IN. 30,350 00 758 75 DAYTN W-2 Waga and Tan Statement 2020 DES- Con-Te Beledwin Employee's FEDERAL Turn The brydowe Sante NINMINNIRNI AMATORIALE ALTUIATR 17 FE' LA 512MPL... NASTAWIAH IT 077 I Charlotte Squab Financial Services 123 Wall Street New Yurk, NY 10005 Joan and Noah Are 1265 W. Riverview Avenue Dayton, OH 454112 SSN: 456-87-5432 Dale December 31, 2020 Dnndends Substitute 1099 Statement Box la Ordinary Dividends Bor D Quohled Dividends Box 70 Cap Gain Disini Box 4 Federal Income To Tow withheld Bow Foreign Pod Box FITO exempl Dividends Poyer Honda 322.00 32200 000 0.00 000 000 Texas Lin. 200 00 120000 000 000 000 0.00 CS Cinth Fund 40000 400.00 250 00 0.00 2000 000 Stock Transactions D. Nel Proceeds freported 1 IRS Description Date Aca Date Sold 100 shs. Blue Corp 02/11/2010 08/15/2020 4 $45.00 2.580.00 50 shs. Yellow Corp. 01/13/2020 06/05/2020 & 100 00 5.375.00 25 shs. Red Co. 10/02/2011 10/07/2020 12. 200.00 1.650.00 Mortgage Interest Statement CORRECTED ( checked RECIPIENT SLENDER'S news, or town, San 'Caution: The OMB No 1545-O way province. COUNTDP or foreign port code and phone Aty due you ed on the Chase Mortgage arde oldu 2020 every apply Ale 100 Park Avenue may Jasured by you New York, NY 10017 ped by you sed by were Form 1090 1 Mortgage leest received from payer borwertar $ 10,105.00 REOPENTYLENDERS TIN PAYERSBORROWER'S TIN 2 Outstanding more 3 Mongageorgetone prin 13-4296127 434-11-3311 $ 274.700.00 03/13/2011 Ralud of ovepard Mortgage Vi prema PAYERSBORROWER Sarne $ Noah and Joan Arc Pointa pad on purchase of properence $ $ Set address including Roto) 7 xir address of property secuing engage in as PAYER'S BORROWER Sass the bora che 1265 W. Riverview Avenue the response tout Chyrow, state of prownice, country and Perforeign postal code Address or descrtion of property instructions Dayton, OH 45402 Copy B For Payer! Borrower Trece YOU! . YRA 1 ... N A . 1 1.te Number of properti securing 10 Other more 1 11 Met Accomber for 1098 Masp for your recorda www.goon100 Depianmaria The Fr. e V IMTI ROUNDUP DAY CARE CENTE 245 N. WILKINSON STREET DAYTON, OH 45401 January 12, 2021 Joan and Noah Arc 1265 W. Riverview Avenue Dayton, OH 45402 Dear loan and Noah, Thank you for a great 2020 at Roundupl We appreciate your patronage during the year and hope to continue to provide excellent service for Nora in 2020. We have provided the tax information for calendar year 2020 below. Please let us know if you need any additional Information Sincerely, Charles F. Burgundian Charles F. Burgundian Executive Director, Roundup Day Care EIN 54-0983456 Date of service January 1, 2020 - December 31, 2020 Amount Pald $3,000.00 Child Nora Arc $ 143,500.00 143,500.00 The Arc 95-9876556 Income Statement For the Year Ended December 31, 2020 Revenue: Gross Sales Less: Sales Retums and Allowances Net Sales Cost of Goods Sold: Beginning Inventory $ 10.250.00 Add: Purchases 62,150.00 72,400.00 Less: Ending Inventory 10.000.00 Cost of Goods Sold Gross Profit (Loss) Expenses: Dues and Subscriptions Estimated Federal Tax Payments 7,500.00 Estimated State Tax Payments 3.800 00 Insurance 3,950.00 Meals and Entertainment 1,400 00 Miscellaneous Payroll Taxes 3,830.00 Professional Fees 1.710.00 Rent 8.420.00 Travel 1.230.00 Utilities 1.250.00 Vehicle Expenses Wages 25, 110.00 Total Expenses 62,400 00 81,100.00 58.200.00 $ 22.900 00 Net Operating Income