Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please fill out the 1040 using the information provided 1040 u.s. Individual Income Tax Return um 2019 ONE No 1545-6076 Filing Status Sorge Moved northy

please fill out the 1040 using the information provided

image text in transcribed

image text in transcribed

1040 u.s. Individual Income Tax Return um 2019 ONE No 1545-6076 Filing Status Sorge Moved northy Marted targ tepat Mrs Head of honorem tyngder om Cheonly box you checked the MES Determopouse. If you checked the HOH or GW box onere child's name it tuyg persona held but not your decedunt Your votre and Your social security ruber y retum,pouse's franare und idential Spouse's social security number Hone adrese unter and are you tave PO box, nee instructions foto Presidential Election Campaign Check it you or your posting to go Chytown or post office, safe and IP code. If you have a fognad, to correction on Ching a bit de Foreign country are Foreign county For a font Standard Someone can claim You see Your power Deduction And You Were bom before dowry 2, 1956 rebind Spouse was bomber January 2, 1055 Dis bled Dependents (see instruction while ya 14 i qualitate 20 30 40 1-A - 4 b 1 Wage Anchor 26 Tax exemptinerest 2 Tauberest. Atach Schred as Du didende Sad h Ordinary dividende Attach Sch free Dede de son da Taste mount . Print 4c Tante 1. Se Sociales Sa Taust amount Connor the red not required, check here $94.00 Ta Ome income from Schedule 1, tre Add me 1.2.3.4.hti and 7a This is your total come Be Adjustments to income from chedule, the 22 ch Sebi romir The This is your sted gross income Standard deduction er and deductions from Schedule DO 10 Date con detection All Form For A 10 Ita Added 10 Toate income, Stactinella fronterer-O For Disclosure. Privacy Act, and Paperwork Redaction Act Notice, se separate instructions C. Ta Re Fem 1040 12h 14 15 10 17 18 1 Sle 20 Form 1000000 Page 2 122 Taksons Cheay Srom Farm 11814 24972 3 12 Al Schee 2.3 and ineta and offer the tots The Chad lax creditor credit for the dependents 136 Aal Schoole 3. ine 7, and in te and enter the to 136 14 Subtract 1 true 1 er 15 Othere including all around, from Screste, in to 16 Adid 14 dayur totam 17 Federal tax wines from Farm W2 100 18 Otherapants and refundable credits tad credit Additional chat tax ondt. Attach Schedule 8812 Americansportunity red from Form . 18 Schedule 3.14 180 Add lines through 1d. These are your total other parents and refundable credits 19 Altres 1 These are you total payments 19 Refund 2013 mai 16 time from a 19. This the amount you paid 21e Anunturine 20 you want refunded to you. Formatached, check here De bouting uniber Type Cheng Account number 22 Aouine 20 you will splied to your2020 estimated tax Amount 23 Amount you owe. Subtractin 19 from ine 16. For details on how to pay. See listractions You Owe 24 timmaduni Third Party Do you want to allow another person other than your paid propery to use this retum wah the RS7 Seinction Yes. Correo below Designee No Ontha Designers Phone Personen PIN Sign Under the street of way octor en egen wehatan Here Your gram Your ce the IRS you an entity Protection PIN, it here Join Second Suiture Itapitretum both mustige Sun that you Identity Prona YOU Gords Phoren Pergue Dane Check it Paid Party Design Preparer Firm's Se employed Use Only Fm Gotowego.For.1000 for tomande information Pa 1040 Phone 1:7-62 Dan M. and Cheryl A. Peters are married, file a joint retum, and have no children. Dan, age 45, is an independent contractor working in pharmaceutical sales and Cheryl, age 42, is a nurse at a local hospital. Dan's SSN is 400-26-0000 and Cheryl's SSN is 200-40-0000 and they reside at 2033 Palmetto Drive, Atlanta, GA 30304. Dan is paid according to commissions from sales, and he has no income tax or payroll tax withholdings. Dan oper- ates his business from his home office. During 2019, Dan earned total commissions in his business of $125,000. Cheryl earned a salary during 2019 of $45,400, with the following withholdings: $6,000 federal taxes, $1,800 state taxes, $2,815 OASDI (Social Security), and $658 Medicare taxes. During 2019, Dan and Cheryl had interest income from corporate bonds and bank ac- counts of $1,450 and qualified dividends from stocks of $5,950. Dan also actively trades stocks and had the following results for 2019: LTCG $4,900 LTCL (3,200) STCG STCL (7,800) He had no capital loss carryovers from previous years. Basis for the stocks were re- ported to the IRS by the brokerage firm. Dan does a considerable amount of travel in connection with his business and uses his own car. During 2019, Dan drove his car a total of 38,000 miles, of which 32,000 were business related. He also had business-related parking fees and tolls during the year of $280. Dan uses the mileage method for deducting auto expenses. Dan also had the follow- ing travel expenses while away from home during the year: Hotel $4,200 Meals 820 Entertainment of customers 1,080 Tips 100 Laundry and cleaning 150 Total $6,350 Dan uses the simplified method to deduct expenses for his office-in-home. His office Cheryl incurred several expenses in connection with her nursing job. She paid $450 in professional dues, $200 in professional journals, and $350 for uniforms. Dan and Cheryl had the following other expenditures during the year: Health insurance premiums (after-tax) $ 4,400 Doctor bills 470 Real estate taxes on home 6,800 Personal property taxes 1,400 Mortgage interest--all deductible 7,400 Charitable contributions-cash 9,000 Charitable contributions-Apple stock owned for 5 years: FMV $8,000 Adjusted basis 2,000 Tax preparation fees ($250 allocated to Dan's business) 750 * Paid by Dan in connection with his business, 1040 u.s. Individual Income Tax Return um 2019 ONE No 1545-6076 Filing Status Sorge Moved northy Marted targ tepat Mrs Head of honorem tyngder om Cheonly box you checked the MES Determopouse. If you checked the HOH or GW box onere child's name it tuyg persona held but not your decedunt Your votre and Your social security ruber y retum,pouse's franare und idential Spouse's social security number Hone adrese unter and are you tave PO box, nee instructions foto Presidential Election Campaign Check it you or your posting to go Chytown or post office, safe and IP code. If you have a fognad, to correction on Ching a bit de Foreign country are Foreign county For a font Standard Someone can claim You see Your power Deduction And You Were bom before dowry 2, 1956 rebind Spouse was bomber January 2, 1055 Dis bled Dependents (see instruction while ya 14 i qualitate 20 30 40 1-A - 4 b 1 Wage Anchor 26 Tax exemptinerest 2 Tauberest. Atach Schred as Du didende Sad h Ordinary dividende Attach Sch free Dede de son da Taste mount . Print 4c Tante 1. Se Sociales Sa Taust amount Connor the red not required, check here $94.00 Ta Ome income from Schedule 1, tre Add me 1.2.3.4.hti and 7a This is your total come Be Adjustments to income from chedule, the 22 ch Sebi romir The This is your sted gross income Standard deduction er and deductions from Schedule DO 10 Date con detection All Form For A 10 Ita Added 10 Toate income, Stactinella fronterer-O For Disclosure. Privacy Act, and Paperwork Redaction Act Notice, se separate instructions C. Ta Re Fem 1040 12h 14 15 10 17 18 1 Sle 20 Form 1000000 Page 2 122 Taksons Cheay Srom Farm 11814 24972 3 12 Al Schee 2.3 and ineta and offer the tots The Chad lax creditor credit for the dependents 136 Aal Schoole 3. ine 7, and in te and enter the to 136 14 Subtract 1 true 1 er 15 Othere including all around, from Screste, in to 16 Adid 14 dayur totam 17 Federal tax wines from Farm W2 100 18 Otherapants and refundable credits tad credit Additional chat tax ondt. Attach Schedule 8812 Americansportunity red from Form . 18 Schedule 3.14 180 Add lines through 1d. These are your total other parents and refundable credits 19 Altres 1 These are you total payments 19 Refund 2013 mai 16 time from a 19. This the amount you paid 21e Anunturine 20 you want refunded to you. Formatached, check here De bouting uniber Type Cheng Account number 22 Aouine 20 you will splied to your2020 estimated tax Amount 23 Amount you owe. Subtractin 19 from ine 16. For details on how to pay. See listractions You Owe 24 timmaduni Third Party Do you want to allow another person other than your paid propery to use this retum wah the RS7 Seinction Yes. Correo below Designee No Ontha Designers Phone Personen PIN Sign Under the street of way octor en egen wehatan Here Your gram Your ce the IRS you an entity Protection PIN, it here Join Second Suiture Itapitretum both mustige Sun that you Identity Prona YOU Gords Phoren Pergue Dane Check it Paid Party Design Preparer Firm's Se employed Use Only Fm Gotowego.For.1000 for tomande information Pa 1040 Phone 1:7-62 Dan M. and Cheryl A. Peters are married, file a joint retum, and have no children. Dan, age 45, is an independent contractor working in pharmaceutical sales and Cheryl, age 42, is a nurse at a local hospital. Dan's SSN is 400-26-0000 and Cheryl's SSN is 200-40-0000 and they reside at 2033 Palmetto Drive, Atlanta, GA 30304. Dan is paid according to commissions from sales, and he has no income tax or payroll tax withholdings. Dan oper- ates his business from his home office. During 2019, Dan earned total commissions in his business of $125,000. Cheryl earned a salary during 2019 of $45,400, with the following withholdings: $6,000 federal taxes, $1,800 state taxes, $2,815 OASDI (Social Security), and $658 Medicare taxes. During 2019, Dan and Cheryl had interest income from corporate bonds and bank ac- counts of $1,450 and qualified dividends from stocks of $5,950. Dan also actively trades stocks and had the following results for 2019: LTCG $4,900 LTCL (3,200) STCG STCL (7,800) He had no capital loss carryovers from previous years. Basis for the stocks were re- ported to the IRS by the brokerage firm. Dan does a considerable amount of travel in connection with his business and uses his own car. During 2019, Dan drove his car a total of 38,000 miles, of which 32,000 were business related. He also had business-related parking fees and tolls during the year of $280. Dan uses the mileage method for deducting auto expenses. Dan also had the follow- ing travel expenses while away from home during the year: Hotel $4,200 Meals 820 Entertainment of customers 1,080 Tips 100 Laundry and cleaning 150 Total $6,350 Dan uses the simplified method to deduct expenses for his office-in-home. His office Cheryl incurred several expenses in connection with her nursing job. She paid $450 in professional dues, $200 in professional journals, and $350 for uniforms. Dan and Cheryl had the following other expenditures during the year: Health insurance premiums (after-tax) $ 4,400 Doctor bills 470 Real estate taxes on home 6,800 Personal property taxes 1,400 Mortgage interest--all deductible 7,400 Charitable contributions-cash 9,000 Charitable contributions-Apple stock owned for 5 years: FMV $8,000 Adjusted basis 2,000 Tax preparation fees ($250 allocated to Dan's business) 750 * Paid by Dan in connection with his business

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_2

Step: 3

blur-text-image_3

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

Structured Finance Leveraged Buyouts Project Finance Asset Finance And Securitization

Authors: Charles-Henri Larreur

1st Edition

1119371104, 978-1119371106

More Books

Students also viewed these Finance questions

Question

Are parent vertices stored in the Floyd Warshall algorithm?

Answered: 1 week ago

Question

=+8. Be sure you considered consumer benefits.

Answered: 1 week ago

Question

=+4. Consider competitors' campaigns. How could yours stand out?

Answered: 1 week ago

Question

=+5. Review the six categories of 50 strategies.

Answered: 1 week ago