Please use 2021 forms. Thank you!

Individual Return (Linda and Kyle Smith) Linda and Kyle Smith are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1111, respectively. Linda's birthday is September 21, 1976, and Kyle's is June 27, 1966. They live at 473 Revere Avenue, Lowell, MA 01850. Linda is the office manager for Lowell Dental Clinic. Kyle is the self-employed physical therapist. The following information is shown on Linda's Wage and Tax Statement (Form W-2) farthatov roar During the year, Kyle recorded the following items of his business: Kyle made the estimate Federal income tax payment totaled $50,000. He also made the estimate state income tax payment of $3,500 during the tax year. The Smiths provide over half of the support of their two children, Abby (born January 25, 1993, Social security number 123-45-6788) and Michael (born February 7, 1999, Social Security number 123-45-6786). Both children are full-time students and live with the Smiths except when they are away at college. Abby earned $4,200 from a summer internship, and Michael earned $3,800 from a part-time job. The Smiths furnished 60% of the total support of Kyle's widower father, Paul Smith (born March 6, 1938, social security number 123-45-6777). Paul died in November 2017, and Kyle, the beneficiary of a policy on Paul's life, received life insurance proceeds of $800,000 on January 28,2018. The Smiths also made some investment activities. The following information is shown their investment income / (loss): The Smiths had the following expenses relating to their personal residence during the tax year Prepare the Federal income tax return of 2018 for the Smiths. You will include Form 1040, Schedule 1, Schedule C, and Schedule A, Schedule SE (pagel) The following important learning objectives are covered in this tax return project: Determine gross income (e.g. life insurance proceeds) Calculate Business income (using Schedule C) Determine qualifying child and qualifying relative Determine self-employment tax Determine the amount of itemized deductions (e.g. medical expenses) Capital gain/loss Calculate taxes Checking numbers: Kyle's net business income (Sch. C) \$125750 Their taxable income $119071 Your answers maybe different by one or two dollars due to rounding. Individual Return (Linda and Kyle Smith) Linda and Kyle Smith are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1111, respectively. Linda's birthday is September 21, 1976, and Kyle's is June 27, 1966. They live at 473 Revere Avenue, Lowell, MA 01850. Linda is the office manager for Lowell Dental Clinic. Kyle is the self-employed physical therapist. The following information is shown on Linda's Wage and Tax Statement (Form W-2) farthatov roar During the year, Kyle recorded the following items of his business: Kyle made the estimate Federal income tax payment totaled $50,000. He also made the estimate state income tax payment of $3,500 during the tax year. The Smiths provide over half of the support of their two children, Abby (born January 25, 1993, Social security number 123-45-6788) and Michael (born February 7, 1999, Social Security number 123-45-6786). Both children are full-time students and live with the Smiths except when they are away at college. Abby earned $4,200 from a summer internship, and Michael earned $3,800 from a part-time job. The Smiths furnished 60% of the total support of Kyle's widower father, Paul Smith (born March 6, 1938, social security number 123-45-6777). Paul died in November 2017, and Kyle, the beneficiary of a policy on Paul's life, received life insurance proceeds of $800,000 on January 28,2018. The Smiths also made some investment activities. The following information is shown their investment income / (loss): The Smiths had the following expenses relating to their personal residence during the tax year Prepare the Federal income tax return of 2018 for the Smiths. You will include Form 1040, Schedule 1, Schedule C, and Schedule A, Schedule SE (pagel) The following important learning objectives are covered in this tax return project: Determine gross income (e.g. life insurance proceeds) Calculate Business income (using Schedule C) Determine qualifying child and qualifying relative Determine self-employment tax Determine the amount of itemized deductions (e.g. medical expenses) Capital gain/loss Calculate taxes Checking numbers: Kyle's net business income (Sch. C) \$125750 Their taxable income $119071 Your answers maybe different by one or two dollars due to rounding