Prepare a $2022$ Federal income tax return for Nora Mona Best.

Assume that Nora Best is filing her return on time $($before April

$18,2023).$ In preparing the return, you will complete the

following IRS Forms $1040,8949,2441,8812$ and Schedules $1,3,$ A$,$

B$,$ and D$.$

Submit a PDF copy of your completed tax return for Nora Best

assembled as it would be filed with the IRS. Statements

providing detail or explanation of any tax items should be

attached as appropriate, and tax forms should be assembled in

the correct order. For reference, IRS tax forms and instructions

are available on www$.$irs.gov. You are allowed to prepare the tax

Nora M$.$ Best

$1.$ Nora M$.$ Best is a $43-$year$-$old, single mom. Her daughter, Rosalee

M$.$ Thomas is ten years old. Both Nora and Rosalee live at $123$

Family Dr$.,$ Beaumont, Texas $77702,$ in a home Nora has owned

since June $2005.$ The phone number Nora wishes to show on her tax

return is her cell number $4098432378.$

$2.$ Social security numbers $($SSN$)$ and birth dates $($DOB$)$ are provided

below:

Nora M$.$ Best $($DOB $3/12/1980)$ SSN:$333519251$

Rosalee M$.$ Thomas $($DOB $10/6/2013)$ SSN:$452196552$

$3.$ Nora and Rosalee were covered by health insurance for $12$ months

of the year, as reported on Nora$$s Form $1095$B$.$

$4.$ Nora wants to contribute $$3$ to the Presidential Election Campaign

Fund.

$5.$ Nora is employed by Cardinal Foods, Inc. $($EIN $89-4658910)$ as the

manager of Lamar House restaurant. For $2022,$ her Form W$-2$ from

Cardinal Foods, Inc. reports the following items:

Box $1$: Gross wages and taxable benefits $$46,000$

Box $2$: Federal income tax withheld $5,250$

Box $3$: Social Security wages $46,000$

Box $4$: Social Security tax withheld $2,852$

Box $5$: Medicare wages $46,000$

Box $6$: Medicare tax withheld $657$

$6.$ Prior to obtaining the job with Cardinal Foods, Inc., Nora was

employed by El Ranchero Corp. $($EIN $89-4658911)$ as the manager

of the Silver Spoon restaurant in Port Arthur, TX$.$ For $2022,$

her Form W$-2$ from El Rancho Corp. reports the following items:

Box $1$: Gross wages and taxable benefits $$15,000$

Box $2$: Federal income tax withheld $1,650$

Box $3$: Social Security wages $15,000$

Box $4$: Social Security tax withheld $930$

Box $5$: Medicare wages $15,000$

Box $6$: Medicare tax withheld $218$

$3$

$7.$ On the days Nora works, she eats her meals at the Lamar House

restaurant so that she is available for supervisory reasons

during the peak dining hours. There is no charge to her for

the meals, but she estimates they are worth $$2,000.$

$8.$ Nora received Form $1099-$INT reporting Box $1($regular or OID

interest$)$ the following interest incomes for $2022$:

Chance Bank $($savings account$)$ $$30$

$9.$ Nora received Forms $1099$DIV reporting the following dividends

during $2022$:

Box $1$a

Ordinary

Box $1$b

Qualified

American Star $ $500$

Push Buttons $400$

TD Ameritrade $1,000$

$$500$

$400$

$500$

$10.$ Nora does not have a foreign bank account nor a foreign

trust.

$11.$ Nora received Form $1099$B from TD Ameritrade reporting the

following stock sales during $2022.$ For all of the sales, the

basis amount was reported to the IRS.

Corporation Shares Date Sold Date Acquired Sales Price Basis

Emotronics $6509182221522$ $$23,200$ $$18,200$

Sphere $8001021224202210,00013,800$

Total short$$term $$33,200$ $$32,000$

MicroStar $20011-05-227-25-11$ $ $9,725$ $ $8,500$

Total long$$term $ $9,725$ $ $8,500$

$12.$ Statements describing the above sales will not be attached

separately in lieu of Form $8949.$

$13.$ Nora received payments during the year from her former

spouse, Michael Thomas $($SSN: $451-84-1324),$ totaling $$15,000.$

The written divorce decree $($signed in $2012)$ designates

$$10,000$ of the payments as alimony to Nora, and $$12,000$ as

child support for Rosalee.

$4$

$14.$ Nora paid $$3,600$ to her neighbor, Emma Wilson, to care for

Rosalee while Nora worked. Emma lives at $138$ Family Dr$.,$

Beaumont, Texas $77702($SSN $456-15-9819$; phone number $409-205$

$7315.$ Emma looked after Rosalee at Emma$$s home.

$15.$ Nora incurred and paid the following personal expenses during

$2022$:

Medical expenses:

Prescription medicine and drugs $$3,350$

Health insurance premiums $4,300$

Doctors and dentists $250$

Taxes:

Auto registration $65$

Real estate taxes on home $($with State Street Bank

$($reported on Form $1098$ see interest, below$)4,121$

Sales taxes paid $513$

$($Nora wishes to use the actual sales taxes Interest:

Home mortgage with State Street Bank

$($reported on Form $1098$ see taxes, above$)5,200$

Charitable contributions:

Lamar University $($cash$)200$

Miscellaneous:

Tax preparation fees for $2021$ tax return $300$

Losses on lottery tickets $100$

$16.$ If the Nora has a refund due, she requests that it be

credited to their $2023$ taxes.

$17.$ Nora does not wish to e$-$file her $2022$ tax return $($do

not prepare Form $8879)$