Please assist with the following on the stated 15 forms requested in the instructions. Thanks

Rock Glen House Bedle 1) is located at 33333 Fume d health and eyesight. ary is 12 years old, and Ger ens provide more than 50% whip and had the following $138,000 Comprehensive Problem Two Gregory and Lulu Clifden's Tax Return Gregory R. and Lulu B. Clifden live with their family at the Rock Breakfast, which Gregory operates. The Bed & Breakfast (B&B) Blanc Way, Temecula, CA 92591. Gregory and Lulu enjoy good healu 1 The Clifdens have three sons. Gerald is 17 years old, Gary is 10 years old. All three boys live at home and the Clifdens their support The Rock Glen House B&B is operated as a sole proprietorship and income and expenses for the year: Room rental income Vending machine income 2,100 Advertising expense 4,810 Depreciation for book and tax purposes 18,100 Mortgage interest on the B&B Wages of cleaning people 17,540 Taxes and licenses 6,420 Supplies consumed 18,870 Business insurance 6,300 Laundry expenses 4,289 Accounting fees 1,850 Office expenses 2,400 Utilities 6,350 23,010 All of the above amounts relate to the business portion of the Bed & Break the personal portion is accounted for separately. The Rock Glen House B&B cash method of accounting and has no inventory. The employer tax ID number 95-1234567 3 The Clifdens made estimated federal income tax payments of $2,000 and estimated state income tax payments of $6,000 (all made during 2018). 4. Lulu worked about 1,000 hours as a substitute schoolteacher with the local school trict. She also spent $276 out-of-pocket for various supplies for her classroom. For the current year, Lulu's Form W-2 from the school district showed the following e-file .. yer inclou 2 FOTO 1.700.00 p 256-43-8819 OMB No 1545.000 PASTI U w 43-7654321 13,500.00 a dres, and code Temecula Valley Unified School Dist. 13,500.00 Medicare 31350 Rancho Vista Rd. 13,500.00 Temecula, CA 92592 7 social acuity 837.00 195.75 OG 11 Mon d plans BE Lulu B. Clifden 33333 Fume Blanc Way Temecula, CA 92591 and code 1 13,500.00 400.00 W-2 Wage and Tax Form 2 Statement Copy -Tolle Fled With Employee's FEDERAL To Return This information is being mished to the internal Revenue Service 2018 Additional Comprehensive Tax Gregory is retired from the U.S. Navy. His annual statement from the Navy, Form 10% is on Page D-12. Gregory and Lulu paid and can substantiate) the followine amounts during the years Mastercard interest $1,480 Dental expenses (orthodontics for Gary) California state income tax (for 2017) 4,600 2,450 Charitable contributions 3,875 Deductible interest on home (personal portion) 7,631 Real estate taxes (personal portion) 2,830 Life insurance premiums 845 Automobile registration fees (deductible portion) 45 Tax return preparation fee 475 Contributions to Donald Trump's election campaign 1,000 7. During the year, Gregory and Lulu received the following qualifying dividends and interest: Interest: Bob's Big Bank $ 375 Bank of Ireland 220 City of Temecula Tax Exempt Bonds 1,490 Vintage Bank See 1099-INT (Page D 12) Qualified dividends: Southwest Airlines $ 250 Heinz Foods 550 Also, Lulu owns Series EE U.S. savings bonds. During the year, the bond redemp- tion value increased by $1,300. Lulu has not elected the accrual method for these bonds. There were no Irish taxes paid on the interest from the Bank of Ireland. All the above stocks, bonds, and bank accounts are community property. Lulu has a stock portfolio. During the year, she sold the following stock, shown on her Forms 1099-B as follows (basis was provided to the IRS in all cases): Sales price Basis Orange Co. $8,100 3,800 02/11/18 06/19/18 Gold Co. See Form 1099-B (Page D-12) Green Co. $1,450 2,575 10/31/13 10/23/18 Date acquired Date sold 20 9. Lulu paid her ex-husband $4,800 alimony in the current year, as required under the 2014 divorce decree. Her ex-husband's name is Hector Leach and his Social Securi number is 566-23-5431. 10. Gregory does all the significant work in the Bed & Breakfast and therefore he pays self employment tax on 100 percent of the earnings from the B&B. bad a $50,000 lite insurance polie check for the benefits pay Martin also leit Gregory a artnership that owns a boutique hotel in company Gary does not artnership activity does rise 1 from the partnership is shown 11. During the year, Gregory's uncle Martin died. Martin had that named Gregory as the beneficiary Gregory received the cha able under the policy on November 30 of the current year M small nonoperating farm with an appraised value of $120.000 he 12. Gary is a general partner in a partnership that owns California and leases the property to a hotel management come materially participate in the partnership activity but the partnersh to the level of a trade or business. The Schedule K-1 from the on Page D-9. 13. Lulu was not eligible for health care benefits due to the part-time nat health insurance for the Clifden household was purchased by Grego are not eligible from an exemption from coverage. The Clifdens purchased heala ance through the Covered California program and received the Form 1095 Page D-11. They had no other health insurance during 2018. Assume that employed health insurance deduction is $1,540. The Clifdens did not claim premium credit. time nature of her job, thus hased by Gregory. The Clifdens sed health insur 1095 A shown on 2018. Assume that the self- ons did not claim an advance Required: Gregory and Lulu have come to you to prepare their 2018 federal in tax return. Do not complete a California state income tax return. Gregory and Lulub given you several IRS forms (see Pages D 11 and D-12). Make realistic assum about any missing data (addresses, etc.) that you need. Do not file a federal Form 4052 The following is a list of the forms and schedules that you will need to complete the tax return: Form 1040 Schedule C Form 8962 Schedule 1 Schedule D Child Tax Credit Worksheet Schedule 4 Schedule E Qualified Dividends and Capital Gain Tax Worksheet Schedule 5 Schedule SE Shared Responsibility Payment Worksheet Schedule A Form 8812 Schedule B Form 8949 Note: The forms included in Appendix D are provided for the student to work on only one of the two comprehensive problems. If desired, additional forms may be obtained from the IRS website at www.irs.gov. Additional Comprehensive Tax Return Problems D- Schedule K-1 Form 1065) pament of the Treasury 2018 651118 F K Amended K-1 OMB No 15450123 Part II Partner's Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business Incorreo 15 Credits 2 Meter real estate income foss! Credits, etc. 1.578 Othernet rental income fol 16 Foreign tractions Revenue Service For your 2018 raya beginning 1 2018 arding D Partner's Share of income, Deductions. See back of form and spintos Parti Information About the Partnership putarship's employed atten 11-2343212 Pytarship's name, address, by , and Pede Wine Acres Partners 581 Coombs Street Napa, CA 94559 4 rued payments ht de Ordinary ends b Qualflod vidends e IRS Carter where partnership fleratum Ogden, UT Be Dividend equivalens Check if this is a publicly traded partre PT T Royales # Net shower plano 17 Alerret ve minimum WMT) Part II Information About the Partner E Partner's identifying number 543-88-9756 F Partnername, address, city, state and 1P code Gregory R. Clifden 33333 Fume Blane Way Temecula, CA 92591 Not long term capral gain does! (900) 9b Colectibles 1784 in all De Utrecaptured section 1260 alin Tarsem income and nondeductible experies c x 10 Net action 1231 painos) General partner or LLC member tager D omestic partner Limited partner or other LLC member Foreign partner H 11 Other Income out H 12 J 400 What type of entity is the partner individual this partner is a retirement plan FWSER/Kolvetc. check here Partner's share of proft, loss, and capitale instructions Beginning Ending Prott 2 2 % 24 12 Section 170 deduction 20 Other information LORS Partner's share of abilities Beginning 4.679 $ 4.679 ng 1.578 13.256 Nonrecourse Quated onrecourse nanging . $ Recourse , Partners crotal account analysis: Beginning capital account. . . Capital contributed during the year Current year increase idecrease Withdrawals 5 distributions - Ending capital account "See attached statement for additional information. $ S 878 400L 13.534 X GAAP Section 704book Tex basis Other explaini For IRS Use Only Did the partner contribute property with a built-in gain or los Yes No "Yes" attach statement see Instruction For Paperwork Reduction Act Notion, see Instructions for Form 1000 www.ira gowForm1065 Cat No. 11394 Schedule K-1 Form 10682 1095-A Health Ins nsurance Marketplace Statement O N 1545 2232 De net wach to your tax return. Keep for your ce Go to www .govi Form for instructions and the latest woman Recipient Information VOID CORRECTED 2018 olur. Keep for your records. Part I 31.1234567 4 's name Gregory R. Cliden assigned polyur A1000HT 3 Policy i s name Covered California th 543.80-9756 07/01/1974 Lulu B. Clifden 10 Policy tarde 05/01/2018 City or town Temecula ocy termination de 12/31/2018 256-43-8819 04/28/1975 12 Stress neding partne) 33333 Fume Plane Way 15 Courtyard Porn posisi code 92591 Part Il Covered Individuals Covered in SIN D Individual ndin Detale E 16 Gregory R. Clifden 543-88-9756 07/01/1974 05/01/2018 12/31/2018 17 Lulu B. Clilden 256-43-8819 04/28/1975 05/01/2018 12/31/2018 18 Gerald Ciifden 466-74-1131 09/22/2001 05/01/2018 12/31/2018 19 Gary Clifden 465-76-8375 04/14/2006 05/01/2018 12/31/2018 20 Glenn Clifden 475-23.1426 08/01/2008 05/01/2018 12/31/2018 Part III Coverage Information Month A. Morty enrollment premiums B. Monthly second lowest conse C. Monthly advance payment of plan SLCSP premium 21 January 22 February 23 March 1,803 24 April 25 May 1,520 1,603 1.520 26 June 1,603 1.520 27 July 1.520 1.603 26 August 1.520 1,603 29 September 1.520 1,603 30 October 1.520 1,803 31 November 1.603 1.520 32 December 12,824 12,160 33 Annual Totals For Privacy Act and Paperwork Reduction Act Notice, se separate instructions Cul No 600030 Form 1095-A2 Distributions From rom Pansion, A 2018 Retirement or Profit Sharing Plans IRAS Insurance Contracts, et 14,500.00 100D-R 14,500.00 Center Copy Report this income on your federal tax return. If this form shows federal income tax withheld in box 4.attach this copy to your return. Herr Ben 1.500.00 543-88-9765 ider This i s being furnished to The IHS Gregory R 14 satirution is 14,500.00 3 Fume Blanc Way CA $ 350.00 CORRECTEDI checked MENO 1545 2018 Proceeds From Broker and Barter Exchange Transactions D Morgan Stanley 269 Wall Street New York, NY 10001 1099-B apat TET AZ Gold Company common stock te woord 03/27/2018 09/18/2018 Copy B For Recipient Is 12,100.00 $ 14,200.00 19 W esson 11.4396782 256-43-8819 Lulu B. Clifden $ 0.00 33333 Fume Blanc Way This important Information and is being furnished to thes. If you are required to the a tuma negligence penalty or other Sanction may be imposed on you this income is taxible and the IRS determines that nas not been reported Temecula, CA 92591 S Denmark of the Treasury - Inhem everu Service Keep for your recor www.s o CORRECTED (f checked) PRINT T OMB No 1545-0112 2018 Vintage Bank 6792 Main Street Temecula, CA 92591 Interest Income $ 1.400.00 Form 1099-INT Copy B 96-8724390 543-88-9756 For Recipient Gregory R. Clinden 33333 Fume Blanc Way Temecula, CA 92591 This is important tax information and is being furnished to the IRS. If you are required to ea retum, a negligence penalty or other sanction may be mposed on you i this income is taxable and the IRS determines that it has not been reported 11 Bodrum 06-INT 15 16 op for your records 17 S w ed Department of the r ury - Revenue Service Rock Glen House Bedle 1) is located at 33333 Fume d health and eyesight. ary is 12 years old, and Ger ens provide more than 50% whip and had the following $138,000 Comprehensive Problem Two Gregory and Lulu Clifden's Tax Return Gregory R. and Lulu B. Clifden live with their family at the Rock Breakfast, which Gregory operates. The Bed & Breakfast (B&B) Blanc Way, Temecula, CA 92591. Gregory and Lulu enjoy good healu 1 The Clifdens have three sons. Gerald is 17 years old, Gary is 10 years old. All three boys live at home and the Clifdens their support The Rock Glen House B&B is operated as a sole proprietorship and income and expenses for the year: Room rental income Vending machine income 2,100 Advertising expense 4,810 Depreciation for book and tax purposes 18,100 Mortgage interest on the B&B Wages of cleaning people 17,540 Taxes and licenses 6,420 Supplies consumed 18,870 Business insurance 6,300 Laundry expenses 4,289 Accounting fees 1,850 Office expenses 2,400 Utilities 6,350 23,010 All of the above amounts relate to the business portion of the Bed & Break the personal portion is accounted for separately. The Rock Glen House B&B cash method of accounting and has no inventory. The employer tax ID number 95-1234567 3 The Clifdens made estimated federal income tax payments of $2,000 and estimated state income tax payments of $6,000 (all made during 2018). 4. Lulu worked about 1,000 hours as a substitute schoolteacher with the local school trict. She also spent $276 out-of-pocket for various supplies for her classroom. For the current year, Lulu's Form W-2 from the school district showed the following e-file .. yer inclou 2 FOTO 1.700.00 p 256-43-8819 OMB No 1545.000 PASTI U w 43-7654321 13,500.00 a dres, and code Temecula Valley Unified School Dist. 13,500.00 Medicare 31350 Rancho Vista Rd. 13,500.00 Temecula, CA 92592 7 social acuity 837.00 195.75 OG 11 Mon d plans BE Lulu B. Clifden 33333 Fume Blanc Way Temecula, CA 92591 and code 1 13,500.00 400.00 W-2 Wage and Tax Form 2 Statement Copy -Tolle Fled With Employee's FEDERAL To Return This information is being mished to the internal Revenue Service 2018 Additional Comprehensive Tax Gregory is retired from the U.S. Navy. His annual statement from the Navy, Form 10% is on Page D-12. Gregory and Lulu paid and can substantiate) the followine amounts during the years Mastercard interest $1,480 Dental expenses (orthodontics for Gary) California state income tax (for 2017) 4,600 2,450 Charitable contributions 3,875 Deductible interest on home (personal portion) 7,631 Real estate taxes (personal portion) 2,830 Life insurance premiums 845 Automobile registration fees (deductible portion) 45 Tax return preparation fee 475 Contributions to Donald Trump's election campaign 1,000 7. During the year, Gregory and Lulu received the following qualifying dividends and interest: Interest: Bob's Big Bank $ 375 Bank of Ireland 220 City of Temecula Tax Exempt Bonds 1,490 Vintage Bank See 1099-INT (Page D 12) Qualified dividends: Southwest Airlines $ 250 Heinz Foods 550 Also, Lulu owns Series EE U.S. savings bonds. During the year, the bond redemp- tion value increased by $1,300. Lulu has not elected the accrual method for these bonds. There were no Irish taxes paid on the interest from the Bank of Ireland. All the above stocks, bonds, and bank accounts are community property. Lulu has a stock portfolio. During the year, she sold the following stock, shown on her Forms 1099-B as follows (basis was provided to the IRS in all cases): Sales price Basis Orange Co. $8,100 3,800 02/11/18 06/19/18 Gold Co. See Form 1099-B (Page D-12) Green Co. $1,450 2,575 10/31/13 10/23/18 Date acquired Date sold 20 9. Lulu paid her ex-husband $4,800 alimony in the current year, as required under the 2014 divorce decree. Her ex-husband's name is Hector Leach and his Social Securi number is 566-23-5431. 10. Gregory does all the significant work in the Bed & Breakfast and therefore he pays self employment tax on 100 percent of the earnings from the B&B. bad a $50,000 lite insurance polie check for the benefits pay Martin also leit Gregory a artnership that owns a boutique hotel in company Gary does not artnership activity does rise 1 from the partnership is shown 11. During the year, Gregory's uncle Martin died. Martin had that named Gregory as the beneficiary Gregory received the cha able under the policy on November 30 of the current year M small nonoperating farm with an appraised value of $120.000 he 12. Gary is a general partner in a partnership that owns California and leases the property to a hotel management come materially participate in the partnership activity but the partnersh to the level of a trade or business. The Schedule K-1 from the on Page D-9. 13. Lulu was not eligible for health care benefits due to the part-time nat health insurance for the Clifden household was purchased by Grego are not eligible from an exemption from coverage. The Clifdens purchased heala ance through the Covered California program and received the Form 1095 Page D-11. They had no other health insurance during 2018. Assume that employed health insurance deduction is $1,540. The Clifdens did not claim premium credit. time nature of her job, thus hased by Gregory. The Clifdens sed health insur 1095 A shown on 2018. Assume that the self- ons did not claim an advance Required: Gregory and Lulu have come to you to prepare their 2018 federal in tax return. Do not complete a California state income tax return. Gregory and Lulub given you several IRS forms (see Pages D 11 and D-12). Make realistic assum about any missing data (addresses, etc.) that you need. Do not file a federal Form 4052 The following is a list of the forms and schedules that you will need to complete the tax return: Form 1040 Schedule C Form 8962 Schedule 1 Schedule D Child Tax Credit Worksheet Schedule 4 Schedule E Qualified Dividends and Capital Gain Tax Worksheet Schedule 5 Schedule SE Shared Responsibility Payment Worksheet Schedule A Form 8812 Schedule B Form 8949 Note: The forms included in Appendix D are provided for the student to work on only one of the two comprehensive problems. If desired, additional forms may be obtained from the IRS website at www.irs.gov. Additional Comprehensive Tax Return Problems D- Schedule K-1 Form 1065) pament of the Treasury 2018 651118 F K Amended K-1 OMB No 15450123 Part II Partner's Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business Incorreo 15 Credits 2 Meter real estate income foss! Credits, etc. 1.578 Othernet rental income fol 16 Foreign tractions Revenue Service For your 2018 raya beginning 1 2018 arding D Partner's Share of income, Deductions. See back of form and spintos Parti Information About the Partnership putarship's employed atten 11-2343212 Pytarship's name, address, by , and Pede Wine Acres Partners 581 Coombs Street Napa, CA 94559 4 rued payments ht de Ordinary ends b Qualflod vidends e IRS Carter where partnership fleratum Ogden, UT Be Dividend equivalens Check if this is a publicly traded partre PT T Royales # Net shower plano 17 Alerret ve minimum WMT) Part II Information About the Partner E Partner's identifying number 543-88-9756 F Partnername, address, city, state and 1P code Gregory R. Clifden 33333 Fume Blane Way Temecula, CA 92591 Not long term capral gain does! (900) 9b Colectibles 1784 in all De Utrecaptured section 1260 alin Tarsem income and nondeductible experies c x 10 Net action 1231 painos) General partner or LLC member tager D omestic partner Limited partner or other LLC member Foreign partner H 11 Other Income out H 12 J 400 What type of entity is the partner individual this partner is a retirement plan FWSER/Kolvetc. check here Partner's share of proft, loss, and capitale instructions Beginning Ending Prott 2 2 % 24 12 Section 170 deduction 20 Other information LORS Partner's share of abilities Beginning 4.679 $ 4.679 ng 1.578 13.256 Nonrecourse Quated onrecourse nanging . $ Recourse , Partners crotal account analysis: Beginning capital account. . . Capital contributed during the year Current year increase idecrease Withdrawals 5 distributions - Ending capital account "See attached statement for additional information. $ S 878 400L 13.534 X GAAP Section 704book Tex basis Other explaini For IRS Use Only Did the partner contribute property with a built-in gain or los Yes No "Yes" attach statement see Instruction For Paperwork Reduction Act Notion, see Instructions for Form 1000 www.ira gowForm1065 Cat No. 11394 Schedule K-1 Form 10682 1095-A Health Ins nsurance Marketplace Statement O N 1545 2232 De net wach to your tax return. Keep for your ce Go to www .govi Form for instructions and the latest woman Recipient Information VOID CORRECTED 2018 olur. Keep for your records. Part I 31.1234567 4 's name Gregory R. Cliden assigned polyur A1000HT 3 Policy i s name Covered California th 543.80-9756 07/01/1974 Lulu B. Clifden 10 Policy tarde 05/01/2018 City or town Temecula ocy termination de 12/31/2018 256-43-8819 04/28/1975 12 Stress neding partne) 33333 Fume Plane Way 15 Courtyard Porn posisi code 92591 Part Il Covered Individuals Covered in SIN D Individual ndin Detale E 16 Gregory R. Clifden 543-88-9756 07/01/1974 05/01/2018 12/31/2018 17 Lulu B. Clilden 256-43-8819 04/28/1975 05/01/2018 12/31/2018 18 Gerald Ciifden 466-74-1131 09/22/2001 05/01/2018 12/31/2018 19 Gary Clifden 465-76-8375 04/14/2006 05/01/2018 12/31/2018 20 Glenn Clifden 475-23.1426 08/01/2008 05/01/2018 12/31/2018 Part III Coverage Information Month A. Morty enrollment premiums B. Monthly second lowest conse C. Monthly advance payment of plan SLCSP premium 21 January 22 February 23 March 1,803 24 April 25 May 1,520 1,603 1.520 26 June 1,603 1.520 27 July 1.520 1.603 26 August 1.520 1,603 29 September 1.520 1,603 30 October 1.520 1,803 31 November 1.603 1.520 32 December 12,824 12,160 33 Annual Totals For Privacy Act and Paperwork Reduction Act Notice, se separate instructions Cul No 600030 Form 1095-A2 Distributions From rom Pansion, A 2018 Retirement or Profit Sharing Plans IRAS Insurance Contracts, et 14,500.00 100D-R 14,500.00 Center Copy Report this income on your federal tax return. If this form shows federal income tax withheld in box 4.attach this copy to your return. Herr Ben 1.500.00 543-88-9765 ider This i s being furnished to The IHS Gregory R 14 satirution is 14,500.00 3 Fume Blanc Way CA $ 350.00 CORRECTEDI checked MENO 1545 2018 Proceeds From Broker and Barter Exchange Transactions D Morgan Stanley 269 Wall Street New York, NY 10001 1099-B apat TET AZ Gold Company common stock te woord 03/27/2018 09/18/2018 Copy B For Recipient Is 12,100.00 $ 14,200.00 19 W esson 11.4396782 256-43-8819 Lulu B. Clifden $ 0.00 33333 Fume Blanc Way This important Information and is being furnished to thes. If you are required to the a tuma negligence penalty or other Sanction may be imposed on you this income is taxible and the IRS determines that nas not been reported Temecula, CA 92591 S Denmark of the Treasury - Inhem everu Service Keep for your recor www.s o CORRECTED (f checked) PRINT T OMB No 1545-0112 2018 Vintage Bank 6792 Main Street Temecula, CA 92591 Interest Income $ 1.400.00 Form 1099-INT Copy B 96-8724390 543-88-9756 For Recipient Gregory R. Clinden 33333 Fume Blanc Way Temecula, CA 92591 This is important tax information and is being furnished to the IRS. If you are required to ea retum, a negligence penalty or other sanction may be mposed on you i this income is taxable and the IRS determines that it has not been reported 11 Bodrum 06-INT 15 16 op for your records 17 S w ed Department of the r ury - Revenue Service