Please answer the forms, the forms available at IRS websites
Project Scenario Chris and Stefani Mishawaka live with their two sons at 1400 Victoria Lane, South Bend, IN 46619. Chris is an accountant who has his own accounting practice. Stefani is an elementary school teacher. Their sons, Justin and Jordan, are ages 13 and 10, respectively. The following is additional information regarding the Mishawaka family. Social security numbers for the Mishawaka family: Chris 412-34-5670 Stefani 412-34-56711 Justin 412-34-5672 Jordan 412-34-5673 They paid $4,500 to Friendly Hills Child Care center for after-school care for both Justin and Jordan, allocated equally. The address is 2 River Dr, Niles, MI 49120 and their ID number is 22- 1234567. Stefani's W-2 from the South Bend school district showed the following: Wages = $ 56,925.04 Federal W/H = $ 7,085.90 Social security wages = $ 56,925.04 Social security W/H = $ 3,529.35 Medicare wages = $ 56,925.04 Medicare W/H = $ $825-41 Indiana W/H = $ 2,105.75 Chris's accounting business is located in downtown South Bend. His business had the following income and expense information for the year: Gross Revenues $165,000 Expenses: Advertising 2,100 Insurance 1,200 Legal Fees 10,500 Office Supplies 800 Rent 24,000 Travel 6,945 Meals 2,400 Utilities 2,800 Wages 34,000 Dues 650 Additionally, Chris and Stefani paid the following expenses during the year: Medical and dental expenses $ 4,500 Property tax (home on Victoria Lane) 3,750 State income taxes with the 2018 return 3,900 Donations to the church (cash) 3,500 Mortgage interest (home on Victoria Lane) 16,900 Stefani paid $950 in classroom expenses for her class Chris and Stefani also earned $975 of interest income from Chase Bank during the year Lastly, Chris and Stefani own a three-bedroom cabin in Big Bear Lake (they bought it in January of 2007 for $300,000). The address is 3105 Stonehedge Road, Big Bear Lake, MI 48190. They did not use the property for personal use at any time during the year. The revenue and expenses for the Big Bear Lake rental property are as follows: $ 18,000 Rental income Expenses: Insurance Property taxes Auto (standard mileage) Management fees Repairs and maintenance Mortgage interest Depreciation Utilities 1,200 2,500 267 1,600 1,100 2.000 Calculate 450 The Mishawakas also made $13,000 and $9,000 in federal and Indiana estimated income tax payments, respectively, on 12/31/19. Required Prepare the Mishawakas' federal tax return for 2019. Use Form 1040, Schedule A, Schedule C, Schedule E, Schedule SE, and any additional schedules or forms they may need (for example, Schedule 1, 2, and 3). The Mishawakas had qualifying health care coverage at all times during the tax year. They do not want to contribute to the presidential election campaign, and they do not want anyone to be a third-party designee. For any missing information, make reasonable assumptions
