Question
Second Tax Return Project Income Tax 3003 Fall 2023 Due November 26th, by 11:59 pm Required: Use the following information to prepare a 2022 Form
Second Tax Return Project\ Income Tax 3003 Fall 2023\ Due November 26th, by 11:59 pm\ Required:\ Use the following information to prepare a 2022 Form 1040, Schedule\ 1, and Schedules A and B for Leonard Cox.\ The required forms can be obtained from the IRS website\ (www.irs.gov). Helpful instructions for completing the forms can also\ be obtained from this site.\ Facts:\ 1. Leonard Cox is a single taxpayer. Leonards social security number is 445-01-\ 9266, and his date of birth is April 5, 1978. He lives at 2202 Houston Street,\ Broken Arrow, OK 74012.\ 2. Leonard is a store manager. His W-2 shows wages of $104,000, federal\ withholding of $12,200, and Oklahoma withholding of $4,050. When he filed his\ Oklahoma tax return for 2021 in April of 2022, he paid a balance due of $1,200.\ 3. Leonard received a 1099-INT that reported $21.12 in interest on his savings\ account at the Bank of Oklahoma. He also received a 1099-DIV from BOK\ Financial that reported $5,500 in dividends, including $5,300 in qualified\ dividends.\ 4. Leonard contributed $4,000 to his IRA for 2022 and paid $1,200 interest on his\ student loans. Leonard is not covered by a pension plan through his employer.\ 5. Leonard has health insurance through his employer, but he had unreimbursed\ deductible medical expenses of $12,175.\ 6. He received Form 1098 from his mortgage lender. This form reports that he\ paid $8,275 in interest on his home mortgage and $2,150 in property taxes on his\ residence.\ 7. Leonards charitable contributions included $2,400 to his church and $150 to\ Doctors without Borders.
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