This is the whole project that i want to complete. i would like you to file a tax return of Bob and Melissa by completing their 1040 for the year 2020 and these schedule A,B,C,D,E ,1 2, and 3 attached with 1040 tax return.

Page 3 years (beginning with this yeur). The $10,000 payment was reported to Melissa on form 1099-R for the current year (box 7 contained an entry of "7" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they a grantor or beneficiary of a foreign trust during the tux year. The Grants paid or incurred the following expenses during the year Dentist'Orthodontist (unreimbursed by insurance) Doctors (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) KY state tax payment made on 4/15/20 for 2019 tax liability Real property taxes on residence Vehicle property tax based upon age of vehicle Mortgage interest on principal residence Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds 59.000 $ 700 $400 $1,500 58.500 $ 250 520,500 $ 500 Interest paid on borrowed money to purchase U.S. Treasury bonds S 300 Contribution to the Red Cross 55.000 Contribution to Senator Rick Taylor's Re-election Campaign $3,500 Contribution to First Baptist Church of Kentucky 520,000 Fees paid to Jones & Company, CPAs for tax preparation $1,500 In addition, Bob drove 8,750 miles commuting to work and Melissa drove 6,500 miles commuting to work. Both the Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 900 miles in total to receive medical treatment at hospitals and doctor offices in 2020 The Grunts want to contribute to the Presidential Election Campaign. 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. ACCT 3221 Income Tax Project Fall 1, 2021 Tax Project: Based on the information provided below.complete 2020 Form 1040 and any supporting schedules/forms for Bob and Melissa Grant A Kentucky state income tax return is not required. You should complete this tax return mally using the forms available from the IRS website wwwYou may not use software to assist in preparing the form. You may find the form instructions helpful in completing this assignment. Please provide a list of assumptions you make, if any, Your project will be graded subject to my resonable assumption listed. You do not need to calculate AMT. The 1040 and all supporting documents are to be Ivedeat, and final One hundred points are assigned to this project Due Date: Project is due no later than September 29, at 11:59 pm. You are to work on this assignment individually. Working on this assignment or discussing it with others is not permitted Please include your name in the paid preparer's box of the 1040. Attach a cover letter summarizing the return.ch refund. x wand effective tax rates Bob and Melissa Grant are married and live in Lexington, Kentucky. The Grants have four children: Robert Cape 22, college student). Jared (age 17). Judy (age 12) and Alana Cape 8). The Grants would like to file a joint tax return for the year The following information relates to the Giant's tax year Hob Social Security number is 987-45-1234 Melissa Social Security number is 494-37-4883 - Robert's Social Security number is 412-32-4600 Jared's Social Security number is 412-32-5690 Judy's Social Security number is 412-32-7690 Alanas Social Security number is 412-32-8640 The Grunts mailing address is 95 Hickory Road, Lexington, Kentucky 40502 Robert, Jured, Judy and Alana are tax dependents for federal tax purposes Bob Grant received the following during the year Employer Gross Wages Federal Income Tax Withholding National Storage $90,000 $20,000 Lexington Little League SR 500 0 State Income Tax Withholding 56,200 0 Melis Grant received the following during the year Employer Gross Wepes Federal Income Tax Withholding Jensen Photopaphy 532,000 $3,500 State Income Tax Withholding $1.500 All applicable and appropriate payroll taxes were withheld by Grants respective employers. Melissa hasa mall photography business. She provided you with the following information for Page 2 Income Weddings and Reception $15.000 in fees Photo Restoration $3.500 in fees Family Portraits: 512.000 in fees Expaues: : Photography Supplies 54.000 Mileage: 800 miles Office Supplies 5500 Props and Background: 5700 Advertising $200 Camera and Lenec $2,500 The Grants paid 512,000 to the Liniversity of Kentucky for Robeer' tuition and fees in 2020. The Grasrold 100 shares of ExxonMobil stock on July 1, 2020. Below is the information relating to the stock sale Purchase Date: Jungary 1, 2010 Purchase Price $35 per share Selling Price 365 per share Commistices and Fox 310 per here The Greates also received the following during this year $2.000 $2,500 Interest Income from Fit Kentucky Bank Interest Income from City of Lexington, KY Bead Interest Income from US Tremy Bond Interest Income from Nevada Suate School Board Bond WorkCompemate pays to Bob 3 250 57.150 Diability payments received by lobo count of injury 59,500 - National Songs 100of premium the premiumce the policy and included the premium payments in Bob'stable wapos Melissa received the followings of a wwwi for damages and in a car accident - Medical Espen 5 9.500 - Emotional Distress $35.000 - Putitive Damages S. December 12, 2020 was the lucky day! They were pure of a new 2001 Ford Mustang valued at $60.000 They paid for in Federal and siste income tax of the value Bob received an inheritance from his favorite che, lumes Robert in the most of $150.000 ca, on November 30, 2030 The Greta prape punt to Robert's best friend, Ricky, for $2.500 a month. The sol expenses for the year were $3.300, which comedofilities cel. De addition, depreciation for the year on the apartment is $1,000 ob paid his wife 525.000 in my in 2020. They divorced in 2013 Eight years ago, Melissa purchased cost for 57000. This year, she received her first payment on the ancity The payment was 510.000. Thered to pay January 1, and she rived full fit your's payment will pay her 10.000 per year for en years (beginining with this year). The 10,000 payment was reported to Melissa on form 1099-R for the current year (hox 7 contained an entry of on the form) Page 3 The Grants did not own, control or manage any foreign bank accounts nor were they grantoor beneficiary of a foreign trust during the tax year. The Grants paid or incurred the following expenses during the year: Dentist Orthodontist (onreimbursed by Instance) Doctors (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) KY state tax payment made on 4/15/20 for 2019 tax liability Real property taxes on residence Vehicle property tax based upon age of vehicle Mortgage interest on principal residence Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds 59.000 $700 $400 $1.500 $8.500 $250 520,500 $ 500 Interest paid on borrowed money to purchase U.S. Treatury boods $300 Contribution to the Red Cross 55.000 Contribution to Senator Rick Taylor's Re-election Campaign $3,500 Contribution to First Baptist Church of Kentucky $20,000 Fees paid to Jones & Company, CPAs for tax preparation $ 1.500 In addition, Bob drove 8,750 miles commuting to work and Melissa drove 6.500 miles commuting to work. Both the Grants have represented to you that they maintained cureful logs to support their respective mileage. The Grants drove 900 miles in total to receive medical treatment at hospitals and doctor offices in 2020, The Grants want to contribute to the Presidential Election Campaign. The Grunts 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. Page 3 years (beginning with this yeur). The $10,000 payment was reported to Melissa on form 1099-R for the current year (box 7 contained an entry of "7" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they a grantor or beneficiary of a foreign trust during the tux year. The Grants paid or incurred the following expenses during the year Dentist'Orthodontist (unreimbursed by insurance) Doctors (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) KY state tax payment made on 4/15/20 for 2019 tax liability Real property taxes on residence Vehicle property tax based upon age of vehicle Mortgage interest on principal residence Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds 59.000 $ 700 $400 $1,500 58.500 $ 250 520,500 $ 500 Interest paid on borrowed money to purchase U.S. Treasury bonds S 300 Contribution to the Red Cross 55.000 Contribution to Senator Rick Taylor's Re-election Campaign $3,500 Contribution to First Baptist Church of Kentucky 520,000 Fees paid to Jones & Company, CPAs for tax preparation $1,500 In addition, Bob drove 8,750 miles commuting to work and Melissa drove 6,500 miles commuting to work. Both the Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 900 miles in total to receive medical treatment at hospitals and doctor offices in 2020 The Grunts want to contribute to the Presidential Election Campaign. 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. ACCT 3221 Income Tax Project Fall 1, 2021 Tax Project: Based on the information provided below.complete 2020 Form 1040 and any supporting schedules/forms for Bob and Melissa Grant A Kentucky state income tax return is not required. You should complete this tax return mally using the forms available from the IRS website wwwYou may not use software to assist in preparing the form. You may find the form instructions helpful in completing this assignment. Please provide a list of assumptions you make, if any, Your project will be graded subject to my resonable assumption listed. You do not need to calculate AMT. The 1040 and all supporting documents are to be Ivedeat, and final One hundred points are assigned to this project Due Date: Project is due no later than September 29, at 11:59 pm. You are to work on this assignment individually. Working on this assignment or discussing it with others is not permitted Please include your name in the paid preparer's box of the 1040. Attach a cover letter summarizing the return.ch refund. x wand effective tax rates Bob and Melissa Grant are married and live in Lexington, Kentucky. The Grants have four children: Robert Cape 22, college student). Jared (age 17). Judy (age 12) and Alana Cape 8). The Grants would like to file a joint tax return for the year The following information relates to the Giant's tax year Hob Social Security number is 987-45-1234 Melissa Social Security number is 494-37-4883 - Robert's Social Security number is 412-32-4600 Jared's Social Security number is 412-32-5690 Judy's Social Security number is 412-32-7690 Alanas Social Security number is 412-32-8640 The Grunts mailing address is 95 Hickory Road, Lexington, Kentucky 40502 Robert, Jured, Judy and Alana are tax dependents for federal tax purposes Bob Grant received the following during the year Employer Gross Wages Federal Income Tax Withholding National Storage $90,000 $20,000 Lexington Little League SR 500 0 State Income Tax Withholding 56,200 0 Melis Grant received the following during the year Employer Gross Wepes Federal Income Tax Withholding Jensen Photopaphy 532,000 $3,500 State Income Tax Withholding $1.500 All applicable and appropriate payroll taxes were withheld by Grants respective employers. Melissa hasa mall photography business. She provided you with the following information for Page 2 Income Weddings and Reception $15.000 in fees Photo Restoration $3.500 in fees Family Portraits: 512.000 in fees Expaues: : Photography Supplies 54.000 Mileage: 800 miles Office Supplies 5500 Props and Background: 5700 Advertising $200 Camera and Lenec $2,500 The Grants paid 512,000 to the Liniversity of Kentucky for Robeer' tuition and fees in 2020. The Grasrold 100 shares of ExxonMobil stock on July 1, 2020. Below is the information relating to the stock sale Purchase Date: Jungary 1, 2010 Purchase Price $35 per share Selling Price 365 per share Commistices and Fox 310 per here The Greates also received the following during this year $2.000 $2,500 Interest Income from Fit Kentucky Bank Interest Income from City of Lexington, KY Bead Interest Income from US Tremy Bond Interest Income from Nevada Suate School Board Bond WorkCompemate pays to Bob 3 250 57.150 Diability payments received by lobo count of injury 59,500 - National Songs 100of premium the premiumce the policy and included the premium payments in Bob'stable wapos Melissa received the followings of a wwwi for damages and in a car accident - Medical Espen 5 9.500 - Emotional Distress $35.000 - Putitive Damages S. December 12, 2020 was the lucky day! They were pure of a new 2001 Ford Mustang valued at $60.000 They paid for in Federal and siste income tax of the value Bob received an inheritance from his favorite che, lumes Robert in the most of $150.000 ca, on November 30, 2030 The Greta prape punt to Robert's best friend, Ricky, for $2.500 a month. The sol expenses for the year were $3.300, which comedofilities cel. De addition, depreciation for the year on the apartment is $1,000 ob paid his wife 525.000 in my in 2020. They divorced in 2013 Eight years ago, Melissa purchased cost for 57000. This year, she received her first payment on the ancity The payment was 510.000. Thered to pay January 1, and she rived full fit your's payment will pay her 10.000 per year for en years (beginining with this year). The 10,000 payment was reported to Melissa on form 1099-R for the current year (hox 7 contained an entry of on the form) Page 3 The Grants did not own, control or manage any foreign bank accounts nor were they grantoor beneficiary of a foreign trust during the tax year. The Grants paid or incurred the following expenses during the year: Dentist Orthodontist (onreimbursed by Instance) Doctors (unreimbursed by insurance) Prescriptions (unreimbursed by insurance) KY state tax payment made on 4/15/20 for 2019 tax liability Real property taxes on residence Vehicle property tax based upon age of vehicle Mortgage interest on principal residence Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds 59.000 $700 $400 $1.500 $8.500 $250 520,500 $ 500 Interest paid on borrowed money to purchase U.S. Treatury boods $300 Contribution to the Red Cross 55.000 Contribution to Senator Rick Taylor's Re-election Campaign $3,500 Contribution to First Baptist Church of Kentucky $20,000 Fees paid to Jones & Company, CPAs for tax preparation $ 1.500 In addition, Bob drove 8,750 miles commuting to work and Melissa drove 6.500 miles commuting to work. Both the Grants have represented to you that they maintained cureful logs to support their respective mileage. The Grants drove 900 miles in total to receive medical treatment at hospitals and doctor offices in 2020, The Grants want to contribute to the Presidential Election Campaign. The Grunts 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