this is for a practice set of problems for filling out mock tax return forms: 1040, schedule 1, 4 ,5. schedule A, C, SE. form 4562
Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding 1099-INT New Bank 1099-DIV XYZ, Inc. $55,800 9,044 55,800 3,460 809 3,348 532 Ordinary dividends Qualified dividends 258 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) State income tax paid with 2017 return Real estate tax 3,348 600 4,200 11,800 2,500 Mortgage interest Charitable contributions Shelly also started her own home design consulting business in March 2018. The results of her business operations for 2018 follow: $154,000 Gross receipts from clients 21,000 business miles (2,100 per month) 32,000 total miles during the year 2010 Chevy Suburban Placed in service Vehicle mileage 03/01/18 (750) (1,500) (155) (5,300) (2,500) (1,000) (550) Postage office supplies State license fees Supplies Professional fees Design software Professional education programs (registration) Travel to education program Airplane Lodging $119ight x 3 nights Meals per diem 3 days (350) 154 Business Assets Date Purchased Cost $ 2,500 6/08/18 Laptop Computer Printer 3/05/18 3/01/18 6/02/18 4/01/18 5,700 1,800 1,700 5,000 175,000 Copier Furniture Building 3/01/18 Phone (600) (450) (8,300) (1,700) Internet service Rent Insurance Shelly made a $29,000 estimated tax payment on September 15, 2018. Prepare Shelly's Form 1040 for 2018 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562 and Schedule SE are required. Section 179 is elected on all eligible assets in 2018. She wants to contribute to the presidential electior campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your intermediate computations and your final answers to the nearest whole dollar amount.) Use the appropriate EIC Tables (6A-6, 6A-7 or 6A-8). Use the Tax Tables or Tax Rate Schedules to determine tax. 9,044 55,800 3,460 809 Federal withholding Social security wages Social security withholding Medicare withholding State withholding 1099-INT New Bank 1099-DIV XYZ, Inc. Ordinary dividends Qualified dividends 3,348 258 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) State income tax paid with 2017 return Real estate tax Mortgage interest Charitable contributions $ 3,348 600 4,200 11,800 2,500 Shelly also started her own home design consulting business in March 2018. The results of her business operations for 2018 follow: $154,000 Gross receipts from clients Vehicle mileage 21,000 business miles (2,100 per month) 32,000 total miles during the year 2010 Chevy Suburban Placed in service 03/01/18 Postage Office supplies State license fees Supplies Professional fees Design software Professional education programs (registration) Travel to education program Airplane Lodging $119ight x 3 nights Meals per diem 3 days (750) (1,500) (155) (5,300) (2,500) (1,000) (550) (350) 154 Business Assets Laptop Computer Printer Copier Furniture Building Date Purchased 6/08/18 3/05/18 3/01/18 6/02/18 4/01/18 3/01/18 Cost $ 2,500 5,700 1,800 1,700 5,000 175,000 Phone Internet service Rent Insurance (600) (450) (8,300) (1,700) Shelly made a $29,000 estimated tax payment on September 15, 2018. Prepare Shelly's Form 1040 for 2018 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 is elected on all eligible assets in 2018. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your intermediate computations and your final answers to the nearest whole dollar amount.) Use the appropriate EIC Tables (6A-6, 6A-7 or 6A-8). Use the Tax Tables or Tax Rate Schedules to determine tax. Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898. Shelly's W-2 wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding 1099-INT New Bank 1099-DIV XYZ, Inc. $55,800 9,044 55,800 3,460 809 3,348 532 Ordinary dividends Qualified dividends 258 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) State income tax paid with 2017 return Real estate tax 3,348 600 4,200 11,800 2,500 Mortgage interest Charitable contributions Shelly also started her own home design consulting business in March 2018. The results of her business operations for 2018 follow: $154,000 Gross receipts from clients 21,000 business miles (2,100 per month) 32,000 total miles during the year 2010 Chevy Suburban Placed in service Vehicle mileage 03/01/18 (750) (1,500) (155) (5,300) (2,500) (1,000) (550) Postage office supplies State license fees Supplies Professional fees Design software Professional education programs (registration) Travel to education program Airplane Lodging $119ight x 3 nights Meals per diem 3 days (350) 154 Business Assets Date Purchased Cost $ 2,500 6/08/18 Laptop Computer Printer 3/05/18 3/01/18 6/02/18 4/01/18 5,700 1,800 1,700 5,000 175,000 Copier Furniture Building 3/01/18 Phone (600) (450) (8,300) (1,700) Internet service Rent Insurance Shelly made a $29,000 estimated tax payment on September 15, 2018. Prepare Shelly's Form 1040 for 2018 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562 and Schedule SE are required. Section 179 is elected on all eligible assets in 2018. She wants to contribute to the presidential electior campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your intermediate computations and your final answers to the nearest whole dollar amount.) Use the appropriate EIC Tables (6A-6, 6A-7 or 6A-8). Use the Tax Tables or Tax Rate Schedules to determine tax. 9,044 55,800 3,460 809 Federal withholding Social security wages Social security withholding Medicare withholding State withholding 1099-INT New Bank 1099-DIV XYZ, Inc. Ordinary dividends Qualified dividends 3,348 258 258 Shelly had the following itemized deductions: State income tax withholding (from W-2) State income tax paid with 2017 return Real estate tax Mortgage interest Charitable contributions $ 3,348 600 4,200 11,800 2,500 Shelly also started her own home design consulting business in March 2018. The results of her business operations for 2018 follow: $154,000 Gross receipts from clients Vehicle mileage 21,000 business miles (2,100 per month) 32,000 total miles during the year 2010 Chevy Suburban Placed in service 03/01/18 Postage Office supplies State license fees Supplies Professional fees Design software Professional education programs (registration) Travel to education program Airplane Lodging $119ight x 3 nights Meals per diem 3 days (750) (1,500) (155) (5,300) (2,500) (1,000) (550) (350) 154 Business Assets Laptop Computer Printer Copier Furniture Building Date Purchased 6/08/18 3/05/18 3/01/18 6/02/18 4/01/18 3/01/18 Cost $ 2,500 5,700 1,800 1,700 5,000 175,000 Phone Internet service Rent Insurance (600) (450) (8,300) (1,700) Shelly made a $29,000 estimated tax payment on September 15, 2018. Prepare Shelly's Form 1040 for 2018 including all of the supplementary schedules. Schedule A, Schedule B, Schedule C, Form 4562, and Schedule SE are required. Section 179 is elected on all eligible assets in 2018. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Shelly had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your intermediate computations and your final answers to the nearest whole dollar amount.) Use the appropriate EIC Tables (6A-6, 6A-7 or 6A-8). Use the Tax Tables or Tax Rate Schedules to determine tax
