please help me with this for forms please visit www.irs.gov.

Accounting 3200 Individual Income T ax Tax Return #4 Professor Lee TAX RETURN 4 INSTRUCTIONS CASE FACTS Mike and Jane Cool are married and le a joint Federal income tax return. Both are under 50 years old. Mike's social security number is 999-88-77T1. Jane's is 88847-6666. They live at 234 Freedom Boulevard, Cedar City, UT 84720. Neither is interested in contributing to the Presidential Election Campaign. Mike is a city engineer. His W-Z showed wages of $85,000, Federal income tax withheld of $1,500 and state income tax withheld of $3,000. Mike does not participate in the city's health care plan. Jane is a professor at SUU. Her W-Z showed compensation of$105,000, Federal income tax withheld of $14,400 and state income tax withheld of $3,500. Jane participates in SUU's high deductible health care plan which covers both her and her husband. The premiums on this plan are paid by SU'U. She also participates in their health savings account program. She made pre- tax contributions of $6,000 to the account this year MW (Hint: line 9 of Form 8889). She also made an additional $1,100 contribution to the account from personal furlds. The funds in the account that have accumulated over the years earned interest income of $300. This year $2,000 was distributed from the account to pay for various medical and dental expenses of Mike and Jane (Hint: line 14a of Form 8889). Mike and Jane took a trip to Aruba to a resort that offered cosmetic surgery. Jane received a face lift and lipo suction at the resort. The round-trip airfare for each was $1,500. Jane's medical procedures cost $8,500. Their stay at the resort cost $5,000 for the week which included $1,500 of nursing services. All these expenses were paid outofpocket by the Cool's, not using the health savings account- While in Aruba, Mike came down with a deadly virus that permanently damaged his heart and caused an odd disgurement to his face. They ew to a hospital in Rochester, Minnesota where Mike received specialized treatment for the virus. He also was able to receive cosmetic surgery to repair his disgured face. Round trip airfare to Minnesota for each was $2,500. The cost for the surgery and hospital stay was $25,000. All of which they paid ont-of-pocket, not using the health savings account. After reuniting home, Mike struggled with going up and down the stairs in their three-story home. He became weaker the more he used the stairs- He paid a visit to his family doctor. His doctor told him that if he continued to exert himself in that manner, his heart would give out. His doctor recommended moving to a single level house or installing an elevator in his current 1 home. The Cools decided to install an elevator in their current home for Mike's use. The cost of the elevator and installation was $15,000- Their electricity bill increased by $30 a month (beginning in June) as a result of the elevator usage. Elevator maintenance cost for the year was $300. Fortunately, the elevator increased the value of their home by $5,000. Other medical expenses incurred out-of-pocket by Mike and Jane consisted of various over-the- counter medicines in the amount of $500 and a wheelchair for Mike costing $1,500. The Cools have the following expenses related to their personal residence: Real estate property taxes (form 1098) $5,500 Home mortgage interest (form 1098} 2,500 Homeowners insurance 700 Flood repairs 3,000 Utilities 3,500 When Jane renewed her car registration for her RAV4 this year it cost her $250 which included a $25 donation to SUU, a tax of $60 and registration fees of $1 65. Mike's truck registration was only $100 consisting of $50 tax and $50 registration fees. Also, they paid $60 to register their ATV. Mike attended the Rocky Mountain Elk Foundation banqucttc this year. He purchased two tickets for $100 which entitled him to two meals and 20 rafe tickets. l-lc bid $20,000 for a guided elk hunt in Colorado and won it. The fair market value of the hunt is $2,000. The amount paid in excess of the value of the hunt was paid to the Utah Department of Natural Resources. This year the Cools contributed $10,000 to their local church. They donated clothing and household articles to their local Deseret Industries on June 5th. All items were in excellent condition. They estimated the items cost them around $8,000 and are worth $800 using thrift store values. They also gave $500 to a family down the sheet that seemed to be nancially struggling. Jane gave $10 a week to a homeless man she sees outside the grocery store. Through a qualied IRS charitable organization Mike and Jane participated in a trip to Peru to help build a schoolhouse. The value of their services rendered was $3,000. Round trip airfare to Peru and back was $800 each. They paid $80 a night for lodging for 6 nights in Peru while building the school. They also incurred $300 in food expense during the week. Before leaving Peru they were persuaded to donate $3,000 to the local school district in Lima, Peru. The Cools received a form 1099 from their brokerage rm showing ordinary interest income of $3,200 from Bank of America, tax-exempt interest of $2,000 from Mountain America Credit Union, and ordinary dividends of $1,500 from 211' Mutual Fund Company. If they have an overpayment of Federal income tax, they would like it refunded directly to their checking account # 123456TS9, routing # 983'654321- They do not want to authorize any other person to discuss their return with the IRS. REQUIREMENTS Step 1: Tax Formula Spreadsheet. Please prepare a spreadsheet using the tax formula consistent with the following format: heemebroedlydened} W Gross Income WM AGI Less: greater of standard or itemized deductions WW Taxable income Tax (calculate the tax using 2020 tax rate schedule found in Appendix A) Wants Tax due (refund) Step 2: Prepare the individual income tax return using 2020 forms. You will need the following forms: 1040 Individual Income Tax Return Schedule 1 Schedule A Schedule B Form 8283 (Noncash Charitable Contributions) Form 8889 (Health Savings Accounts) Other Rules: 1. You are prohibited from using any software in completing the income tax return. 2. All forms can be found at WA 3. Submit this assignment through Canvas by the deadline indicated in Canvas. 4. Submit all forms together as ONE document, not separate documents. 5. You only need to submit ] tax return per group Check Figures: AG] $193,600 Taxable Income $11?,405 Reflmd $4,491