Tax retum 1 fact pattern Prepare a 2019 Form 1040 and Form 1040 Schedule 1 for the Smiths from the IRS website. Type your amounts into the form and save it to be uploaded through Blackboard. Do not prepare any additional forms. Be sure to calculate the tax using the 2019 tax tables and standard deduction amounts and determine if the Smiths will have a refund or will owe additional tax. DO NOT USE tax software to prepare the forms. DO NOT work with other students. Terry Smith Robyn Smith Emma Smith age 42 age 40 343-88-9259 315-88-1445 422-55-8893 age 9 W-2s attached for salary and with holding information Interest earned: see 1099-int forms attached State tax refund: see 10996 form attached Dividends see 1099-DIV for attached these dividends are ordinary (non-qualifying) Robyn received $2,350 in worker's compensation during 2019. Robyn was divorced in 2015. Robyn paid alimony to her previous spouse, Sam, in the amount of $5,000 and she also paid $8,000 in child support for her son Mike. Mike lived with his dad the entire year and Robyn cannot claim him as a dependent Sam's social security number is 432-22-1159 and Mike's is 336-78-4555. Terry won $5,500 in an online contest on October 5, 2019. He received the check for his prize on December 24, but he was out of town until January 2, 2020. He deposited the check on January 3, 2020. Terry's dad passed away on May 7, 2019. He was the beneficiary of his dad's insurance policy and received $8,000 in November, 2019. The Smiths did itemize last year and their itemized deductions exceeded the standard deduction by $400 The Smiths did not make any estimated payments during 2019. Do not calculate any alternative minimum tax. Assume the Smiths qualify for $2000 child tax credit for Emma. The Smiths will take the standard deduction for married filing jointly for 2019. Tax retum 1 fact pattern Prepare a 2019 Form 1040 and Form 1040 Schedule 1 for the Smiths from the IRS website. Type your amounts into the form and save it to be uploaded through Blackboard. Do not prepare any additional forms. Be sure to calculate the tax using the 2019 tax tables and standard deduction amounts and determine if the Smiths will have a refund or will owe additional tax. DO NOT USE tax software to prepare the forms. DO NOT work with other students. Terry Smith Robyn Smith Emma Smith age 42 age 40 343-88-9259 315-88-1445 422-55-8893 age 9 W-2s attached for salary and with holding information Interest earned: see 1099-int forms attached State tax refund: see 10996 form attached Dividends see 1099-DIV for attached these dividends are ordinary (non-qualifying) Robyn received $2,350 in worker's compensation during 2019. Robyn was divorced in 2015. Robyn paid alimony to her previous spouse, Sam, in the amount of $5,000 and she also paid $8,000 in child support for her son Mike. Mike lived with his dad the entire year and Robyn cannot claim him as a dependent Sam's social security number is 432-22-1159 and Mike's is 336-78-4555. Terry won $5,500 in an online contest on October 5, 2019. He received the check for his prize on December 24, but he was out of town until January 2, 2020. He deposited the check on January 3, 2020. Terry's dad passed away on May 7, 2019. He was the beneficiary of his dad's insurance policy and received $8,000 in November, 2019. The Smiths did itemize last year and their itemized deductions exceeded the standard deduction by $400 The Smiths did not make any estimated payments during 2019. Do not calculate any alternative minimum tax. Assume the Smiths qualify for $2000 child tax credit for Emma. The Smiths will take the standard deduction for married filing jointly for 2019
