Noah and Joan Arc's Tax Return

Noah and Joan Arc live with their family in Dayton, OH. Noah's Social Security number is 434-11-3311.Noah was born on February 22, 1984 and Joan was born on July 1, 1985. Both enjoy good health and eyesight. Noah owns and operates a pet store and Joan is a fire fighter for the city of Dayton.

1.The Arcs have two children, a son named Billie Bob (Social Security number 598-01-2345) born on March 21, 2012 and a daughter named Mary Sue (Social Security number 554-33-2411) born on December 3,2015.

2.Joan and Noah brought a folder of tax documents located below.

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 printed the income statement from your Quickbooks software, shown below.

4.Detail of The Arc's meals and entertainment:

$ 400 Meals associated with business travel 60 Overtime meals for employees 878 Sports tickets for entertaining large customers 5 1,338 Political Contributions 3 250 Church donations (for which a written acknowledgment was received) 5,025 Real estate taxes on their home 2,315 Medical co-pay for doctor Visits 700 Mortgage interest for purchase of home See Form 1098 (Below) 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, 2020) 6,000 Rental Income $ 13,800 Insurance 575 Interest expense 6,870 Property taxes 1,016 Miscellaneous expenses 700 The home was acquired for $85,000 in 2003. No improvements have been made to the property.O VOID CORRECTED RECIPIENT'S/LENDER'S name, street address, city or town, state or OMB No. 1545-1380 province, country, ZIP or foreign postal code, and telephone no. 2019 Mortgage Interest Statement Form 1098 Chase Mortgage 100 Park Avenue 1 Mortgage interest received from payer(s)/borrower(s) New York, NY 10017 $ 11, 100.00 Copy C RECIPIENT'S/LENDER'S TIN PAYER'S/BORROWER'S TIN 2 Outstanding mortgage For Recipient/ principal 3 Mortgage origination date Lender $ 274,200.00 03/13/2010 434-11-3311 4 Refund of overpaid 5 Mortgage insurance 13-4296127 interest premiums PAYER'S/BORROWER'S name $ $ For Privacy Act and Paperwork 6 Points paid on purchase of principal residence Reduction Act Noah and Joan Arc $ Notice, see the Street address (including apt. no.) 7 If address of property securing mortgage is the same 2019 General as PAYER'S/BORROWER'S address, check the box, or enter Instructions for the address or description in box 8. Certain 1265 W. Riverview Ave. Information City or town, state or province, country, and ZIP or foreign postal code B Address or description of property securing mortgage (see Returns. instructions) Dayton, OH 45402 9 Number of properties securing the 10 Other mortgage 1 11 Mortgage acquisition Account number (see instructions) date Form 1098 www.irs.gov/Form1098 Department of the Treasury - Internal Revenue ServiceThe Arc 95-9876556 Income Statement For the Year Ended December 31, 2019 Revenue: Gross Sales $143,245.00 Less: Sales Returns and Allowances $0.00 Net Sales $143,245.00 Cost of Goods Sold: Beginning Inventory $10.204.00 Add: Purchases $62,111.00 $72,315.00 Less: Ending Inventory $9,987.00 Cost of Goods Sold $62,328.00 Gross Profit (Loss) $80,917.00 Expenses: Dues and Subscriptions $0.00 Estimated Federal Tax Payments $8,000.00 Estimated State Tax Payments $4,000.00 Insurance $780.00 Meals and Entertainment $1,338.00 Miscellaneous $0.00 Payroll Taxes $3,840.00 Professional Fees $1,700.00 Rent $8,400.00 Travel $1,231.00 Utilities $1,254.00 Vehicle Expenses $0.00 Wages $25,113.00 Total Expenses $55,656.00 Net Operating Income $25,261.00ROUNDUP DAY CARE CENTER 245 N. WILKISON STREET DAYTON, OH 45402 January 12, 2020 Joan and Noah Arc 1265 W. Riverview Avenue Dayton, OH 45402 Dear Joan and Noah, Thank you for a great 2019 at Roundup! We appreciate your patronage during the year and hope to continue to provide excellent service for Mary Sue in 2020. We have provided the tax information for calendar year 2019 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 Amount Paid Child January 1, 2019 - December 31, 2019 $3,000.00 Mary Sue Arcatement Charlotte Squab Financial Services 123 Wall Street New York, NY 10005 Joan and Noah Arc 1265 W. Riverview Avenue Dayton, OH 45402 Substitute 1099 Stat SSN: 456-87-5432 Date December 31, 2019 Dividends Box 4 Box 2a Federal Box 6 Box la Box 1b Cap Income Foreign Box 10-Tax Ordinary Ordinary Gain Tax Tax exempt Payor Dividends Dividends Distrib Withheld Paid Dividends ExxonMobil 312.00 312.00 0.00 0.00 0.00 0.00 Texas Util 1,188.00 1,188.00 0.00 0.00 0.00 0.00 CS Growth Fund 418.00 418.00 245.00 0.00 19.00 0.00 Stock Transactions Basis (reported Deprecription Date Acq. Date Sold Proceeds to IRS) 100 shs. Blue Corp. 02/11/2009 08/15/2019 4,537.00 2,576.00 50 shs. Yellow Corp. 01/13/2019 06/05/2019 6,090.00 5,345.00 25 shs. Red Co. 10/02/2010 10/07/2019 12,212.00 1,655.00a Employee's social security number Safe, accurate, 456-87-5432 OMB No. 1545-0008 FAST! Use ORse file Visit the IRS website at www.irs.gov/efile b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 33-4382966 $30,240.00 $5, 120.00 c Employer's name, address, and ZIP code 3 Social security wages 4 Social security tax withheld City of Dayton Fire and Rescue $30,240.00 $1,874.88 123 Warren Street Phone Num # 5 Medicare wages and tips 6 Medicare tax withheld $30,240.00 $438.48 Dayton OH 45402 Country 7 Social security tips 8 Allocated tips # # d Control number 9 10 Dependent care benefits # e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Joan Arc DD $12,200.00 Phone Num # Retirement 1265 13 Statutory Third-party employee plan sick pay 12b W. Riverview Ave. # 14 Other 12c Dayton OH 45402 Country # 12d # f Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name OH 1126-87021 $30,240.00 $1,850.00 # # # Form W-2 Wage and Tax 2019 Department of the Treasury-Internal Revenue Service Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service