Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 1 I need an official worksheet for each tax credit to demonstrate eligibility. I need to submit each tax credit worksheet. 1040. Schedule A.

Part 1 I need an official worksheet for each tax credit to demonstrate eligibility. I need to submit each tax credit worksheet. 1040. Schedule A. 2441. 3800. 5884. 6251. 8826 Along with Schedule 1,2,3,4,5 Part 2 scenario I have to submit Schedule A. I need to Submit Schedule A and the completed 1040 Scenario Jacob and Taylor Weaver, ages 45 and 42 respectively, are married and are filing jointly in 2018. They have three children, Ashley, age 9; Patrick, age 6; and John, age 18. Social Security numbers are: Jacob, 222-33-4444; Taylor, 555-66-7777; Ashley, 888-99-1234; Patrick, 789-56-4321; John, 123-45-6789. Jacob is self-employed as a contractor. 2018 net income: $133,000. Clients owe him a total of $53,000 for work completed in 2018. 2018 estimated tax payments: $25,000. Taylor works part-time as a paralegal. She earned $26,000 in 2018. Federal income withholding: $2,350. Weavers $350 paid with their 2017 state tax return. Jacob and Taylor bought their house in 2018. Home mortgage interest: $7,246. Property tax: $2,230. Charities: $4,500. $435 to rent a moving truck. $8,000 to put new siding on the house. $11,600 for child care expenses ($5,800 for each child). It was paid to Lil Tigers Daycare, 1115 S. Garrison St., Muncie, IN 47305 (EIN 98-7654321). Taylor is a part-time student at Ball State University in Muncie. She received a 1098-T indicating tuition and fees for 2018 in the amount of $6,011. Health insurance for the family, through Taylor's job, cost $6000 for all 12 months of 2018. They paid deductibles and co-payments of $550. Dental insurance for the family was $1200. Car insurance for the family car was $600. I need help with the schedules and this assignment please! Any help would be appreciated! I am not sure how to fill these forms out?

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

Recommended Textbook for

Accounting

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

9th edition

1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227

More Books

Students also viewed these Accounting questions

Question

1. Too understand personal motivation.

Answered: 1 week ago