Tax Return Scenario Please complete the 2018 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps Bob(age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would lke to fle a joint tax return for the year The following information relates to the Grants tax year Bob's Social Security number is 987-45-1235 Melissa's Social Security number is 494-37-4893 .Jared's Social Security number is 412-32-5690 .Alese's Social Security number s 412-32-6940 The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 .Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W-2 provided the following wages and withholding for the year Employer Gross Wages Federal Income Tax State Income Tax Withholding 3,750 National Storage $8,000 $4,710 Lexington Little League Melissa Grant's Form W-2 provided the following wages and withholding for the year Gross Wages Federal Income Tax Withholding State Income Tax Withholding 44 500 $5,450 Jensen Photography All applicable and appropriate payroll taxes were withheld by the Grants respective employers. All the Grant family was covered by minimum essential health insurance during eachmonth in 2018. The insurance was provided by Bob's primary employer, National Storage The Grants also received the following during the year $130 SASO Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond $675 $150 4,350 3,500 Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob Disability payments received by Bob due to injury National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages * Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident $2,500 12,000 10,000 24,500 . Medical Expenses for physical injuries . Emotional Distress (from having been physically injured) Punitive Damages Total Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1,2018. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entryof "7" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the tax year The Grants paid or incurred the following expenses during the year 10500 2,625 1,380 1,350 5,975 3,800 1,250 S 18,560 Dentist/Or thodontist (unreimbursed by insurance) Doctor fees (unreimbursed by in surance) Prescriptions (unreimbursed by insurance) KY state tax payment made on 4/15/18 for 2017 taxreturn lability KY state income taxes withheld during 2018 Real property taxes on residence Vehicle registration fee based upon age of vehick Mortgage interest on principal residence Interest paidon borrowed money to purchase the City of Lexington, KY municipal bonds 400 Interest paidon borrowed money to purchase 240 U.S. Treasury bonds 1,000 2,500 6,000 200 Contribution to the Red Cross Contribution to Senator Rick Hartley's Re-election Campaign Contribution to First Baptist Church of Kentucky Fee paid to Jones & Company, CPAs fortax preparation In addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage The Grants drove 465 miles in total to receive medical treatment at a hospital in April The Grants both want to contribute to the Presidential Election Campaign Fund. The Grants would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check Tax Return Scenario Please complete the 2018 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps Bob(age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would lke to fle a joint tax return for the year The following information relates to the Grants tax year Bob's Social Security number is 987-45-1235 Melissa's Social Security number is 494-37-4893 .Jared's Social Security number is 412-32-5690 .Alese's Social Security number s 412-32-6940 The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 .Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W-2 provided the following wages and withholding for the year Employer Gross Wages Federal Income Tax State Income Tax Withholding 3,750 National Storage $8,000 $4,710 Lexington Little League Melissa Grant's Form W-2 provided the following wages and withholding for the year Gross Wages Federal Income Tax Withholding State Income Tax Withholding 44 500 $5,450 Jensen Photography All applicable and appropriate payroll taxes were withheld by the Grants respective employers. All the Grant family was covered by minimum essential health insurance during eachmonth in 2018. The insurance was provided by Bob's primary employer, National Storage The Grants also received the following during the year $130 SASO Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond $675 $150 4,350 3,500 Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob Disability payments received by Bob due to injury National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages * Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident $2,500 12,000 10,000 24,500 . Medical Expenses for physical injuries . Emotional Distress (from having been physically injured) Punitive Damages Total Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1,2018. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entryof "7" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the tax year The Grants paid or incurred the following expenses during the year 10500 2,625 1,380 1,350 5,975 3,800 1,250 S 18,560 Dentist/Or thodontist (unreimbursed by insurance) Doctor fees (unreimbursed by in surance) Prescriptions (unreimbursed by insurance) KY state tax payment made on 4/15/18 for 2017 taxreturn lability KY state income taxes withheld during 2018 Real property taxes on residence Vehicle registration fee based upon age of vehick Mortgage interest on principal residence Interest paidon borrowed money to purchase the City of Lexington, KY municipal bonds 400 Interest paidon borrowed money to purchase 240 U.S. Treasury bonds 1,000 2,500 6,000 200 Contribution to the Red Cross Contribution to Senator Rick Hartley's Re-election Campaign Contribution to First Baptist Church of Kentucky Fee paid to Jones & Company, CPAs fortax preparation In addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage The Grants drove 465 miles in total to receive medical treatment at a hospital in April The Grants both want to contribute to the Presidential Election Campaign Fund. The Grants would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check