Please fill out each forms (Form 1040, Schedule 1, Schedule A, and Form 4952) for Bob and Melissa Grant 2019 Federal Income tax return.
Link for all forms:
- https://www.irs.gov/pub/irs-pdf/f1040.pdf
- https://www.irs.gov/pub/irs-pdf/f1040s1.pdf
- https://www.irs.gov/pub/irs-pdf/f1040sa.pdf
- https://www.irs.gov/pub/irs-pdf/f4952.pdf
Tax Return-Individual Number Three after Cha er 8 Instructions: Please complete the 2019 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the formls) W2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would like to le a joint tax return for the year. The following information relates to the Grants' tax year: - Bob's Social Security nu mber is 987-45-1235 - Melissa's Social Security number is 494-37-4893 - Ja red's Social Security n um her is 412-32-5690 - Alese's Social Security number is 412-32-6940 - The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502. 0 Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W2 provided the following wages and withholding for the year: National Storage Lexington Little League | 54,710 | o o Melissa Grant's Form W2 provided the following wages and withholding for the year: Employer Gross Wages Federal Income Tax State Income Tax Withholding Withholding Jensen Photogra phy $44,500 $5,450 $2,225 All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: Interest income from First Kentucky Bank 5130 Interest income from City of Lexington, KY Bond 5450 Interest income from US. Treasury Bond 5675 Interest income from Nevada State School Board Bond 5150 Workers' compensation payments to Bob $4,350 Disability payments received by Bob due to injury $3,500 a National Storage paid 100% ofthe premiums on the policy and included the premium payments in Bob's taxable wages Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident: a M edical Expenses for physical injuries $2,500 - Emotional Distress (from having been physically injured) $12,000 - Punitive Damages $10,000 Total $24,500 Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2019. The annuity will pay Melissa $15,000 per year for ten years {beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year {box 7 contained an entry of \"7\" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they grantors or beneciaries of a foreign trust during the tax year. The Grants paid or incurred the following expenses during the year: Dentist/Orthodontist {u nreimbursed by insura nce) S 10,500 Doctor fees {unreimbursed by insurance] S 2,625 Prescriptions {unreimbursed by insurance} S 1,330 KY state tax payment made on 4,!15/19 for 2018 tax return liability S 1,350 KY state income taxes withheld during 2019 S 5,975 Real property taxes on residence S 3,800 Vehicle registration fee based upon age of vehicle S 1,250 Mortgage interest on principal residence S 18,560 Interest paid on borrowed money to purchase the th of Lexington, KY municipal bonds S 400 Interest paid on borrowed money to purchase U.S. Treasury bonds S 240 Contribution to the Red Cross S 1,000 Contribution to Senator Rick Hartley's Re-election Campaign S 2,500 Contribution to First Baptist Church of Kentucky S 6,000 Fee paid to Jones 8: Company, CPAs for tax preparation S 200 In addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 465 miles in total to receive medical treatment at a hospital in April. The Grants both want to contribute to the Presidential Election Campaign Fund. The Grants would like to receive a refund {if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check
