Richard and Anna Wilson Tax Return could use some help!

covered by health insurance all year. residential Election yes" boxes on their Form 1040. Everyone was Required: Complete the Holmans' Federal income tax return for 2018. If they have a refund due, they would prefer having it credited against their 2019 taxes. REHENSIVE TAX RETURN PROBLEM 2 Richard M. and Anna K. Wilson a. Richard and Anna Wilson are married and file a joint return. Richard is 47 years of age, and Anna is 46. Richard is employed by Telstar Corporation as its controller, and Anna is self-employed as a travel agent. They have three children: Michael, age 22; Lisa, age 17; and Laura, age 14. Michael is a full- time student at Rutgers University. Lisa and Laura both live at home and attend school full-time. The Wilsons currently live at 3721 Chestnut Ridge Road, Montvale, New Jersey 07645, in a home they have owned since July 2007. Richard and Anna provided over half of the support of Anna's mother, Ruth Knapp, who currently lives in a nursing home in Mahwah, New Jersey. They also provided over half of the support of their son, Michael, who earned $4,750 during the summer as an accounting student intern for a national ac- counting firm. b. Richard received a Form W-2 from his employer reporting the following in- formation for 2018: Richard M. Wilson, Social Security No. 294-38-6249: Gross wages and taxable benefits . $63,000 Federal income taxes withheld. 11,400 F.I.C.A. taxes withheld: 3,906 Social Security ............ 914 Medicare ............. 1,850 State income taxes withheld The taxable benefits reported on his W-2 Form include $2,700 (based on the currently deductible standard auto mileage rate) for Richard's personal use of the company car provided by his employer