Warner and Augustine Robins, both 35 years old, have been married for 9 years and have no dependents. Warner is the president of Jaystar Corporation located in Macon, Georgia. The Jaystar stock is owned 40 percent by Warner 40 percent by Augustine, and 20 percent by Warner's father Warner and Augustine received the following tax documents 1) W-2 Form 2) Form 1099 INT 3) Form 1098 4) Letter from Macon Museum of Arts regarding their charitable contribution These items are located on separate tabs The Robins paid the following amounts (all can be substantinted): General state sales te 52,120 Auto loan interest $4,500 Medical insurance S11,400 Income tax preparation fee $750 Charitable contributions in cash Church $2,665 Tree Hoogers Foundation (a qualified charity) 53,000 Central Georgia Technical University $5,000 Sale deposit box $200 The Robins had total itemized deductions of $33,567 in 2019 which included a $9,600 state tax deduction The tax basis for the donated painting is $25.000 and the painting has been owned by Warner and Augustine for 5 years. Jaystar does not cover health insurance for its employees. In addition to Wamer and Augustine's health insurance premiums shown above, Augustine required surgery which cost $6,663 for which only $3,021 was covered by insurance. Warner had to drive Augustine 125 miles each way to a surgical center On January 1, 2020, Warner sold land to Joystar Corporation for $75,000. He acquired the land 5 years ago for $160,000. No Form 1099-3 was filed for this transaction Jaystar Corporation does not have a qualified pension plan or Section 401(k) plan for its employees. Therefore, Warner deposited $12,000 ($6,000 each) into traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work). The Robins received a $2,400 EIP in 2020. Required: Complete Warner and Augustine's Form 1040 and Schedules 1, A, and D and Form 1949, Make realistic assumptions about any missing data. The taxpayers did not have health insurance coverage for the entire year and they do not want to make a contribution to the presidential election campaign. Enter all amounts as positive numbers, unless instructed otherwise. If an amount box does not require an entry or the answer is zero, enter "0". Tired round any dollar amount to the nearest dollar. a Employee's social security Sumber 798-09-8526 OMB N. 1545-0008 Safe, accurate, FASTI Use rse ~ file Visit the IRS website at , . b Employer identification number (EIN) 43-4321567 1 Wages, tips, other compensation 153,000.00 2 Federal income tax withheld 7,100.00 C Employer's name, address, and ZIP code Jaystar Corp. 1670 Eisenhower Pkwy. Macon, GA 31206 4 Social security tax withheld 8,537.40 3 Social security wages 137,700.00 S Medicare wages and tips 153,000.00 7 Social security tips 6 Medicare tax withheld 2,218.50 8 Allocated tips d Control number 10 Dependent care benefits e Employee's first name and Last initial name Suff. 11 Nonqualified plans 12a See instructions for box 12 c d 13 Statutory employee Retirement plan Third-party sick 12b pay . 0 Warner Robins 638 Russell Parkway Macon, GA 31207 O D d 13 Statutory employee Retirement plan Third-party sick 12b pay C Warner Robins 638 Russell Parkway Macon, GA 31207 d 14 Other 12 c. d 12d Employee's address and ZIP code 15 State Employer's state ID number 19 Local come 16 State wages, to 17 State incom ta 18 Local wages, to etc 20 Locality Home GA 564325 4,500.00 153,000.00 Interest Income CORRECTED (if checked) PAYER'S name, street address, city or town, state or Payer's RTN (optional) OMB No. 1545:0112 province, country, ZIP or foreign postal code, and telephone no. 2020 1 Interest Income Georgia National Bank 520 Walnut Street $ 503.87 Form 1099 INT Macon, GA 31201 2 Ently withdrawal penalty 5 300.00 PAYER'S TIN RECIPIENTS TIN 3 Interest on U.S. Savings Bonds and Treas, obligatione 23-8787878 445-81 1423 5 RECIPIENT'S name Federal income tax withheld S Investment expenses Augustine and Warner Robins Copy B For Recipient 4 Street address (including apt, no.) 638 Russell Parkway 5 2 6 foreign tax paid Thesis Importhote information and is being furnished to the IRS You are required to file a return negligence penalty of Foreign country or U.S. possession City or town, state or province, country, and ZIP or foreign postal code Macon, GA 31207 5 CBOOK ZWEM Macon, GA 31201 Interest Statement Heroes property may apply. Also, you may only deduct interest to the extent it was incurred by you, Form 1098 actually paid by you, and not reimbursed by another person 1 Mortgage interest received from payer(s/borrower(s) 5 35,402.12 Copy C For Recipient/Lender RECIPIENTS/LENDER'S TIN PAYER'S/BORILOWER'S TIN 3 Mortgage origination date 2 Outstanding mortgage principal 5 870,000.00 23-8787878 798 09-8526 10/13/2012 1 Refund of overpaid interest 5 5 Mortgage insurance premis 6 Points paid on purchase of principal residence PAYER'S/BORROWER'S nome Warner Augustine Robins Street address (including apt. no) 638 Russell Pkwy The information in acest thought important tamation aid being used to the 15. If you are required to an perty and may be importanyo the determines that underment of time be your own eduction for sta Wort for the point eported into deport the und of 7 If address of property Securing mortgage the same PAYERS/BORROWER'S address, check the box, or enter the address or description in box Address or description of property secuno mortgages instructions City of town, state or province, country, and ZIP or foreign postal I code Macon, GA 31207 10 Other 9 Number of properties securing the mortgage onded item Prop Tax 56,602.00 OM 1545 01 2020 PAYER'S name, street address, city or town 1 Unemployment compensation state or province, country, ZIP or foreign $ postal code, and telephone no. State of Georgia Treasurer 2 State or local income tax refunds, credits, or offsets 200 Piedmont Avenue SE Suite 1204 $ 690,10 Atlanta, GA 30334 PAYER'S TIN RECIPIENTS TIN 3 Box 2 amount is for tax ve 21 4315122 798-09-3526 $ Certain Government Payments Form 1099 G Federal income Tax withheld SRTAA payments Taxable grain RECIPIENT'S name Warner and Augustine Robins $ $ 7 Agoculture ments Street address (including opt.no) 638 Russell Parkway al checked, box 2 trade or business $ como Copy B For Recipient This is important information and is being furnished to the IRS. If you are rued to return negligence ento other action may be used on you if this income is the at the II determines that it has not been reported City or town, state or province, country, and ZIP or foreign postal code Macon, GA 31207 Market Account number (se instructions) 10 State ob state identification DO 11 State income tax withheld $ 5 I never records) www.gormond Department of the Truly Internal Revenue Service Macon Museum of Arts 3231 Vineville Ave. Macon, GA 31204 November 23, 2020 Mr and Mrs. Warner and Augustine Robins 638 Russell Parkway Macon, GA 31207 Dear Mr. and Mrs. Robins Thank you for your contribution of the original album cover art for the Almond Suites Band to the Macon Museum of Arts This gift supports the Macon Museum's efforts to bring original and locally sourced art work to MaconThis continuing support will quarantee our ability to display Almond Sister art work for many years to come We have attached a copy of the appraiser's market valuation. Her analysis estimates the value of the pointing at $34,200 Please keep this written acknowledgement of your donation for your tax records. As a colon of our appreciation for your support, we have made you the Macon Museum tote bag. We estimate the value of the tote bag to be $5. We are required to inform you that your federal income tax deduction for your contribution as the amount of your contribution less the value of the tote bag. Thank you for your continuing support for our important work in this field Please retain this letter as proof of your charitable contribution Sincerely, Jack T. Mann