Please use the information above to fill out Form 1040 listed below. Thank you.

DONALD AND MARIA DUCKWORTH SS# 222-33-4444 123 Spring Alley Donald DOB: 7/4/1973 Houston, TX 77002 SS# 333-44-5555 Maria DOB: 7/4/1974 Filing Status: MFJ Maria: Pilot Yes: Presidential Election Fund Donald: Petroleum Engineer Yes: Presidential Election Fund Dependents: Son Barry SS# 111-22-7777 Birth date: 01/01/2004 Age: 16 The Duckworth's would like any tax due drafted from the Chase bank account, or any overpayment refunded in full direct deposit to: Chase Bank checking account: Routing# 111000614 Acc# 111222333 The Duckworth's do not own, nor did they trade in virtual currency during 2020. Estimated Taxes Payments Mrs. Duckworth received a W-2 04/15/2020 $11,000 Employer EIN 11-1234567 06/15/2020 $11,000 Agency Air (Covered by pension plan) 09/15/2020 $11,000 $197,000 Wages 01/15/2021 $11,000 $ 8,537 Social Security Withheld (Based on $137,700) $ 2,857 Medicare Withheld $ 23,000 Federal Income Tax Withheld Deductions for AGI (Schedule 1) You will have to calculate Donald's Schedule C before you can calculate some of the deductions for AGI. Donald: Self-Employed - Family health coverage $1,800/month x 12 months = $21,600. Deduction for AGI Use Schedule SE to calculate y of your self-employment tax AFTER you calculate Schedule C Net Income from self-employment. You will have to take this for AGI deduction into consideration when calculating the Form 8995-A Donald pays alimony to his former wife (Wilma SS# 222-44-8888) $24,000 per year. They were divorced in 12/1/2003 Donald wishes to contribute the maximum amount permitted to a SEP IRA (Consult Chapter 13 for the calculation) The amount is based on Sch C net income from business. Deduction Items (from AGI) - Schedule A Out-of-pocket medical and dental expenses $ 22,300 Mortgage Interest Paid (Personal residence) $ 62,000 (Original Mortgage indebtedness = $500,000) General Sales Tax (Actual Paid) $ 2,700 Real Estate Taxes Paid (Personal residence) $ 12,000 Charitable Contributions: Various Qualifying $ 10,500 Interest & Dividend Income - Schedule B 1099-INT Interest earned on Chase Bank Savings $ 5,100 1099-DIV Dividends earned on Fidelity Investments $ 23,000 (Total Ordinary; $0 Qualified) No Foreign Interest was earned and no signatory authority over foreign accounts Self-Employment Income Petroleum Engineer Activity - Schedule C & SE Activity: Engineer Code: 541330 Business Started 1/1/2020 This schedule C activity is a Qualified Trade or Business under Section 199A (which means it is eligible for Form 8995-A QBID) 1099s: Tax payer did NOT make any payments which would require 1099s. Cash basis taxpayer who materially participates. The sole proprietorship's EIN 12-3456789 Donald uses his name and home address as his business name. Donald does NOT elect expenses for business use of his home. Part I - Income - Line 1 - $ 855,000 Part II - Expenses: Office / Warehouse rent $ 240,000 Liability Insurance $ 31,000 Office expenses $ 189,000 Business entertainment 100% $ 275,000 Form 4562 - Depreciation Description: GEOLOGICAL COMPUTER EQUIPMENT Date: 02-01-2020 Cost: $ 78,000 Method: Federal: MACRS HY (Convention) 200 DB (Method) Life: 5 Years Section 179 elected this year: $0 Did not Elect Bonus Depreciation Description: OFFICE FURNITURE Date 01-01-2020 Cost: $ 107,000 Method: Federal: MACRS Life: 5 Years Elect all allowable Sec 179 depreciation Did not Elect Bonus Deprecation Department of the Treasury-internal Revenue Service (99) $1040 Income Tax Return 2020 OMB No. 1545-0074 IRS Use Only-Do not write ar staple in this space. Filing Status Single Married filing jointly Married filling separately (MFS) Head of household (HOH) Qualifying widow(er) (QW Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or OW box, enter the child's name if the qualifying one box. person is a child but not your dependent Your first name and middle initial Last name Your social security number If joint retum, spouse's first name and middle initial Last name Spouse's social security number Yes Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign Check here if you, or your City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country name Foreign province/state/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? NO Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were bom before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social Security (3) Relationship (4) Vt qualifies for see instructions: (1) First name number If more Last name to you Child tax credit Credit for other dependents than four dependents, see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 2a Tax-exempt interest 2a b Taxable interest 2b Sch. Bit 3a Qualified dividends 3a required. 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social security benefits b Taxable amount 6b Deduction for 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7 Single or Married fling 8 Other income from Schedule 1, line 9. 8 separately, 9 $12,400 Add lines 1, 2b, 36, 4b, 5b, 6b. 7, and 8. This is your total income Married ling 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 widowiar. $24.800 b Charitable contributions if you take the standard deduction. See instructions 10b Head of c Add lines 10a and 10b. These are your total adjustments to Income 10c household $18,650 11 Subtract line 10c from line 9. This is your adjusted gross income 11 If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 1995 or Form 8996-A 13 Deduction, 14 Add lines 12 and 13 14 see instructions 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate Instructions. Cat No. 113200 Form 104000) 10a 2 4972 3 16 18 19 21 S879 24 25b 27 29 30 Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17.. 19 Child tax credit or credit for other dependents 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your lolallax 25 Federal income tax withheld from: a Form(s) W-2 25a b Form(s) 1099 c Other forms (see instructions) 25C dAdd lines 25a through 250 25d 26 26 If you have a 2020 estimated tax payments and amount applied from 2019 retum qualifying child. 27 Earned income credit (EIC). attach Sch. EIC. If you have 28 Additional child tax credit. Attach Schedule 8912 28 nontaxable 29 combat pay. American opportunity credit from Form 8863, line 8 see instructions. 30 Recovery rebate credit. See instructions 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? > Routing number Type: Checking Savings See Instructions Account number 36 Amount of line 34 you want applied to your 2021 estimated tax. 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3, line 12e, and its instructions for details. instructions 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. NO Designee's Phone Personal identification name number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and completo. Declaration of preparer (other than tiaxpayer is based on all information of which preparer has any knowledge Here Your signature Date Your occupation if the is sent you an Identity Protection PIN, enter it here Joint return? (see inst.) See Instructions Spouse's signature. If a joint retum, both must sign. Date Spouse's occupation if the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no Email address Preparer's name Preparer's signature Date PTIN Paid Check it Preparer Seit-employed Firm's name Use Only Firm's address Fimm's EIN Go to www.im.gowForm1040 for instructions and the intent information Form 1040 2000 no. Phone no DONALD AND MARIA DUCKWORTH SS# 222-33-4444 123 Spring Alley Donald DOB: 7/4/1973 Houston, TX 77002 SS# 333-44-5555 Maria DOB: 7/4/1974 Filing Status: MFJ Maria: Pilot Yes: Presidential Election Fund Donald: Petroleum Engineer Yes: Presidential Election Fund Dependents: Son Barry SS# 111-22-7777 Birth date: 01/01/2004 Age: 16 The Duckworth's would like any tax due drafted from the Chase bank account, or any overpayment refunded in full direct deposit to: Chase Bank checking account: Routing# 111000614 Acc# 111222333 The Duckworth's do not own, nor did they trade in virtual currency during 2020. Estimated Taxes Payments Mrs. Duckworth received a W-2 04/15/2020 $11,000 Employer EIN 11-1234567 06/15/2020 $11,000 Agency Air (Covered by pension plan) 09/15/2020 $11,000 $197,000 Wages 01/15/2021 $11,000 $ 8,537 Social Security Withheld (Based on $137,700) $ 2,857 Medicare Withheld $ 23,000 Federal Income Tax Withheld Deductions for AGI (Schedule 1) You will have to calculate Donald's Schedule C before you can calculate some of the deductions for AGI. Donald: Self-Employed - Family health coverage $1,800/month x 12 months = $21,600. Deduction for AGI Use Schedule SE to calculate y of your self-employment tax AFTER you calculate Schedule C Net Income from self-employment. You will have to take this for AGI deduction into consideration when calculating the Form 8995-A Donald pays alimony to his former wife (Wilma SS# 222-44-8888) $24,000 per year. They were divorced in 12/1/2003 Donald wishes to contribute the maximum amount permitted to a SEP IRA (Consult Chapter 13 for the calculation) The amount is based on Sch C net income from business. Deduction Items (from AGI) - Schedule A Out-of-pocket medical and dental expenses $ 22,300 Mortgage Interest Paid (Personal residence) $ 62,000 (Original Mortgage indebtedness = $500,000) General Sales Tax (Actual Paid) $ 2,700 Real Estate Taxes Paid (Personal residence) $ 12,000 Charitable Contributions: Various Qualifying $ 10,500 Interest & Dividend Income - Schedule B 1099-INT Interest earned on Chase Bank Savings $ 5,100 1099-DIV Dividends earned on Fidelity Investments $ 23,000 (Total Ordinary; $0 Qualified) No Foreign Interest was earned and no signatory authority over foreign accounts Self-Employment Income Petroleum Engineer Activity - Schedule C & SE Activity: Engineer Code: 541330 Business Started 1/1/2020 This schedule C activity is a Qualified Trade or Business under Section 199A (which means it is eligible for Form 8995-A QBID) 1099s: Tax payer did NOT make any payments which would require 1099s. Cash basis taxpayer who materially participates. The sole proprietorship's EIN 12-3456789 Donald uses his name and home address as his business name. Donald does NOT elect expenses for business use of his home. Part I - Income - Line 1 - $ 855,000 Part II - Expenses: Office / Warehouse rent $ 240,000 Liability Insurance $ 31,000 Office expenses $ 189,000 Business entertainment 100% $ 275,000 Form 4562 - Depreciation Description: GEOLOGICAL COMPUTER EQUIPMENT Date: 02-01-2020 Cost: $ 78,000 Method: Federal: MACRS HY (Convention) 200 DB (Method) Life: 5 Years Section 179 elected this year: $0 Did not Elect Bonus Depreciation Description: OFFICE FURNITURE Date 01-01-2020 Cost: $ 107,000 Method: Federal: MACRS Life: 5 Years Elect all allowable Sec 179 depreciation Did not Elect Bonus Deprecation Department of the Treasury-internal Revenue Service (99) $1040 Income Tax Return 2020 OMB No. 1545-0074 IRS Use Only-Do not write ar staple in this space. Filing Status Single Married filing jointly Married filling separately (MFS) Head of household (HOH) Qualifying widow(er) (QW Check only If you checked the MFS box, enter the name of your spouse. If you checked the HOH or OW box, enter the child's name if the qualifying one box. person is a child but not your dependent Your first name and middle initial Last name Your social security number If joint retum, spouse's first name and middle initial Last name Spouse's social security number Yes Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Presidential Election Campaign Check here if you, or your City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country name Foreign province/state/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? NO Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were bom before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social Security (3) Relationship (4) Vt qualifies for see instructions: (1) First name number If more Last name to you Child tax credit Credit for other dependents than four dependents, see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 2a Tax-exempt interest 2a b Taxable interest 2b Sch. Bit 3a Qualified dividends 3a required. 3b b Ordinary dividends 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social security benefits b Taxable amount 6b Deduction for 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here 7 Single or Married fling 8 Other income from Schedule 1, line 9. 8 separately, 9 $12,400 Add lines 1, 2b, 36, 4b, 5b, 6b. 7, and 8. This is your total income Married ling 10 Adjustments to income: jointly or Qualifying a From Schedule 1, line 22 widowiar. $24.800 b Charitable contributions if you take the standard deduction. See instructions 10b Head of c Add lines 10a and 10b. These are your total adjustments to Income 10c household $18,650 11 Subtract line 10c from line 9. This is your adjusted gross income 11 If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 1995 or Form 8996-A 13 Deduction, 14 Add lines 12 and 13 14 see instructions 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate Instructions. Cat No. 113200 Form 104000) 10a 2 4972 3 16 18 19 21 S879 24 25b 27 29 30 Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17.. 19 Child tax credit or credit for other dependents 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your lolallax 25 Federal income tax withheld from: a Form(s) W-2 25a b Form(s) 1099 c Other forms (see instructions) 25C dAdd lines 25a through 250 25d 26 26 If you have a 2020 estimated tax payments and amount applied from 2019 retum qualifying child. 27 Earned income credit (EIC). attach Sch. EIC. If you have 28 Additional child tax credit. Attach Schedule 8912 28 nontaxable 29 combat pay. American opportunity credit from Form 8863, line 8 see instructions. 30 Recovery rebate credit. See instructions 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? > Routing number Type: Checking Savings See Instructions Account number 36 Amount of line 34 you want applied to your 2021 estimated tax. 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3, line 12e, and its instructions for details. instructions 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. NO Designee's Phone Personal identification name number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and completo. Declaration of preparer (other than tiaxpayer is based on all information of which preparer has any knowledge Here Your signature Date Your occupation if the is sent you an Identity Protection PIN, enter it here Joint return? (see inst.) See Instructions Spouse's signature. If a joint retum, both must sign. Date Spouse's occupation if the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no Email address Preparer's name Preparer's signature Date PTIN Paid Check it Preparer Seit-employed Firm's name Use Only Firm's address Fimm's EIN Go to www.im.gowForm1040 for instructions and the intent information Form 1040 2000 no. Phone no