Taxpayer name: Bruce H. Harrison Taxpayer SSN: 201-00-0045 Taxpayer DOB: April 1, 1977 Taxpayer occupation: Contractor Spouse name: Lois A. Harrison Spouse SSN: 201-00-1451 Spouse DOB: March 28, 1982 Spouse occupation: Newscaster Address: 1312 Locust Street Your City, YS XXXXX Cell phone (T): (XXX) 555-6336; Preferred: Anytime; FCC: Yes; OK to call Cell phone (S): (XXX) 555-6363; Anytime; FCC: Yes; OK to call Taxpayer email: bhharrison@net.net Spouse email: lharrison@net.net Health Insurance Information Did everyone in the household have health insurance in 2019? Yes Total months covered through a state exchange or federal marketplace: 0 Total months covered through an employer-sponsored plan: 12 Was a Form 1095-A issued? No Bruce and Lois Harrison are new clients. Last year, they prepared their own return using online software, but this year, they would like professional assistance. They are married and wish to file a joint tax return. Both of their SSNs are valid for work in the U.S. and were received before the original filing due date of their return (including extensions). Both are U.S. citizens. No one may claim them as dependents. Neither is a student. They both wish to designate $3 to the Presidential Election Campaign Fund. Neither is blind or disabled. Bruce and Lois did not suffer any casualty losses during the current tax year. They did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency. Neither Bruce nor Lois have a financial interest in or signature authority over a foreign account. They did not receive a distribution from, nor were they the grantors of or transferor to, a foreign trust. The IRS has not issued any Identity Protection ID Numbers for their return. They did not receive a notice from the IRS or any state or local taxing authority within the last year. Neither Bruce nor Lois provide a drivers license or state identification. Household Information Bruce and Lois own their home. They have two children. Dependent name: Lyla B. Harrison Dependent SSN: 201-00-2451 Dependent DOB: July 12, 2014 Dependent relationship: Daughter Time in household: 12 months Gross income: $0 Support: Does not provide over half of her own support Dependent name: Kevin E. Harrison Dependent SSN: 201-00-2452 Dependent DOB: October 15, 2016 Dependent relationship: Son Time in household: 12 months Gross income: $0 Support: Does not provide over half of his own support Lyla and Kevin lived with Bruce and Lois all year, and they did not have any income. Neither is married or disabled. They are both U.S. citizens. Lyla and Kevin have SSNs that are valid for work in the United States and were received before the due date for the return (including extensions). Bruce and Lois brought in copies of medical records for both children. Adjustments Lois contributed $2,500 to a traditional IRA during the year. She only has one IRA account, and the value of this account on December 31, 2019, was $13,097.85. All of her previous contributions were deductible. Lois has never taken a distribution from this or any other retirement account. Bruce is covered by an employer-sponsored retirement plan, but Lois is not. Credits Bruce and Lois paid Little Ones Learning Center $7,200 ($3,600 for each child) to care for Kevin and Lyla while they worked. The center's EIN is 09-2014501. It is located at 1521 West Plain Road, Your City, YS XXXXX. The phone number for the Center is (XXX) 555-0034. Bruce and Lois have documentation substantiating this expense. Self-Employment Income Lois has always been an avid reader, and during the year, she had an opportunity to lead a book club at a nearby community center. The community center paid Lois for this work. At the end of the year, they sent Lois a Form 1099-MISC reporting an amount for nonemployee compensation in box 7 of the form. This form is shown in the Information Documents section. The community center is within walking distance of the couple's home, so Lois did not have any vehicle or travel expenses. Her only business-related expense was for $225 in supplies. For purposes of the qualified business income deduction (QBID), this is not a specified service trade or business (SSTB). Lois did not pay any qualified wages, nor does she have any qualified business property, or any losses or short-term gains from asset disposition. Capital Assets Bruce was unhappy with the performance of an investment he had made in 2017. He sold the shares of stock on November 7, 2019, for fear the stock would continue its downward trend. Information relating to this sale was reported on a Form 1099-B. This form is shown in the Information Documents section. Itemized Deductions Bruce and Lois want to itemize deductions if it will be more beneficial than taking the standard deduction. They bring a Form 1098 reporting mortgage interest and real estate taxes paid on their personal residence. This is shown in the Information Documents section. Bruce and Lois would prefer to take the state income tax deduction rather than the sales tax deduction. They also had the following potentially deductible items for 2019: Item Amount Notes 2018 State balance due $582 Made this payment on April 10, 2019 Cash donation to Cancer Research Foundation $475 Paid March 4, 2019 Information Documents