Prepare work paper and what forms need for this and fill 1040.

Regina Ilyinichna Spektor lives at 173 Indie Avenue, Atlanta, GA 30340. Regina tried to make life work in New York, NY, for the past 20 years, but it had become too difficult to find a job flexible enough to accommodate her family obligations. As such, she found a job in Atlanta, GA, in 2021 to get a fresh start. Regina is a single mom with three kidsIlya, Bear, and Bella.

Reginas husband, Jack Dishel, passed away in 2019, which is the main reason she experienced a change in circumstances. She has not remarried. While she and her husband always filed a joint income tax return, she is now confused about which filing status is most beneficial. She does know, however, that she would like to receive any tax refund via check. She has informed you that she has no interests in foreign bank accounts, foreign trusts, or virtual currencies. Further, she would like to contribute to the Presidential Election Campaign.

Reginas family information is listed in the below table:

Name	Age	SSN
Regina	42	123-45-5678
Ilya	23	234-56-7890
Bear	16	345-67-8901
Bella	11	456-78-9012

Reginas oldest child, Ilya, is single and is completing his graduate school work at Duke University (EIN 36-2167817). The University is located at 407 Chapel Dr, Durham, NC 27708. Ilya finished his undergraduate work at Wake Forest University in 2019, and 2021 was his fifth year as a full-time student pursuing higher education. Ilya works 10 hours per week at Duke to help support himself. He earned $3,800 of gross income in 2021 and prepared his own taxes.

Regina paid for the majority of Ilyas support during the year, providing $15,000 for various expenses (tuition, books, clothing, rent, food, medical bills, etc.). Ilyas main expenses were for textbooks he bought on Amazon.com ($800) and tuition paid to the college ($4,000). Ilya received Form 1098-T from Duke for the year.

Reginas other two children lived with her throughout the year. Bella, her youngest, is in daycare most days after school, which allows Regina to work. Bellas care cost $4,000 for the year. The daycare, Dandelion, Inc. (EIN 72-6781234), is located at 1111 Songs Avenue, Atlanta, GA 30047.

Regina had the following Forms W-2 from 2021:

Company	Gross Income	Federal tax withholding	State Tax withholding
Cheap Seats, Inc.	21060	205	100
Remember Us, LLC	12700	405	90
Theodosia, Inc.	20005	410	85

Each company properly withheld payroll taxes. Further, Regina received her Economic Impact Payments in 2021, but she was not eligible for the Recovery Rebate Credit. Also, her entire family qualified for minimum essential health insurance coverage for the full year.

Back in 2020, Regina began her own record producing business, which works with musicians and recording artists all along the East Coast. She named her business Fidelity Records. This business has allowed her to earn the extra money she needs to support Ilya. Reginas business is on the cash method of accounting, and she does not have any employees or independent contractors. The business does not own any equipment. Reginas business earned $19,500 of gross receipts for 2021. The business spent $6,500 to rent space in a studio, it spent $1,400 on advertising materials, and it spent $3,600 on professional services.

Regina received the following additional income during the year:

Interest income First Bank of Chamblee $900

Interest income Strat, Inc., bond $810

Interest income City of Chamblee Municipal Bond $210

New York state income tax refund $300

Cash gift from her friend, Mr. Ben Folds $600

The state tax refund was from taxes Regina paid in 2020. Regina claimed her itemized deductions in 2020 because they exceeded her standard deduction by $900. Her state income taxes made up part of her itemized deductions for 2020.

Regina also received $85,000 of life insurance proceeds from Stratton Oakmont, Inc., when her great aunt passed away during the year.

Regina made the following cash contributions during the year:

Contribution to Vanderbilt University $400

Contribution to Duke University $1,000

Contribution to the First Avenue Anglican Church $5,500

Contribution to the American Cancer Society $100

Contribution to her friend, Dave Depper $150

Here are Reginas remaining expenses for the year:

Real property taxes (main residence) $900

Vehicle registration fee (based upon age of car) $125

Main residence mortgage interest (from Form 1098) $2,000

Dentist visit (unreimbursed) $100

Pharmacy prescriptions (unreimbursed) $150

For purposes of this project, you should assume that there are no penalties affecting Ms. Spektors return. You should further assume that all requisite W-2, K-1, 1098 and/or 1099 forms have already been appropriately filed and received.