year 2019

Note: This problem is for the 2019 tax year. Alice ). and Bruce M. Byrd are married taxpayers who file a joint return. Their Social Security numbers are 123-45-6784 and 111-11-1113, respectively. Alice's birthday is September 21, 1972, and Bruce's is June 27, 1971. They live at 473 Revere Avenue, Lowell, MA 01850. Alice is the office manager for Lowell Dental Clinic, 433 Broad Street, Lowell, MA 01850 (Employer Identification Number 98- 7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth Corporation, 1247 Central Avenue, Hauppauge, NY 11788 (Employer Identification Number 11-1111111). The following information is shown on their Wage and Tax Statements (Form W-2) for 2019. Line Alice Bruce 1 2 3 Description Wages, tips, other compensation Federal income tax withheld Social Security wages Social Security tax withheld Medicare wages and tips Medicare tax witheid State State wages, tips, etc State income tax withheld 550.000 562.100 4.500 5.300 50.000 62,100 3.596 3.850 50,000 62,100 841 900 Massachusetts Massachusetts 58.000 62,100 2,950 3,100 6 15 15 17 The Byrds provide over half of the support of their two children, Cynthia (born January 25, 1995, Social Security number 123-45-6788) and John (born February 7, 1999, Social Security number 123-45-6780). Both children are full-time students and live with the Byrds except when they are away at college. Cynthia earned $6,200 from a summer internship in 2019, and John earned $3,800 from a part-time job. During 2019, the Byrds provided 60% of the total support of Bruce's widower father, Sam Byrd (born March 6, 1943, Social Security number 123-45-6787). Sam lived alone and covered the rest of his support with his Social Security benefits. Sam died in November, and Bruce, the beneficiary of a policy on Sam's life, received life insurance proceeds of $1,600,000 on December 28. The Byrds had the following expenses relating to their personal residence during 2019: Real estate property taxes Qualified interest on home mortgage Repairs to roof Us Fire and the insurance $5,000 8.700 5.750 4,100 1.900 Instructions 14.500 7,600 8.500 900 3.500 3,600 The Byrds had the following medical expenses for 2019: Medical insurance premium Doctor bill for an incurred in 2016 and not paid until 2019 Operation for Sam Prescription medicines for Sam Hospital expenses for Sam Reimbursement from insurance company received in 2019 The medical expenses for Sam represent most of the 60% that Bruce contributed toward his father's support. other relevant information follows: When they filed their 2018 state return in 2019, the Byrds paid additional state income tax of $900. . During 2019, Alice and Bruce attended a dinner dance sponsored by the Lowell Police Disability Association (a qualified charitable organization). The Byrds paid $300 for the tickets. The cost of comparable entertainment would normally be $50. The Byrds contributed $5,000 to Lowell Presbyterian Church and gave used clothing (cost of $1,200 and fair market value of $350) to the Salvation Army. All donations are supported by receipts, and the clothing is in very good condition Via a crowdfunding site (gofundme.com), Alice and Bruce made a gift to a needy family who lost their home in a fire ($400). In addition, they made several cash gifts to homeless individuals downtown (estimated to be $65). In 2019, the Byrds received interest income of $2,750, which was reported on a Form 1099-INT from Second National Bank, 125 Oak Street, Lowell, MA 01850 (Employer Identification Number 98-7654322). The home mortgage interest was reported on rm 1098 by Lowell Commercial Bank, P.O. Box 1000, Lowell, MA 01850 (Employer Identification Number 98-7654323). The mortgage (outstanding balance of $425,000 as of January 1, 2019) was taken out by the Byrds on May 1, 2015. Alice's employer requires that all employees wear uniforms to work. During 2019, Alice spent $850 on new uniforms and $566 on laundry charges. Bruce paid $400 for an annual subscription to the Journal of Franchise Management and $741 for annual membership dues to his professional association Neither Alice's nor Bruce's employer reimburses for employee expenses. The Byrds do not keep the receipts for the sales taxes they paid and had no major purchases subject to sales tax. This year the Byrds gave each of their children $2,000, which was then deposited into their Roth IRAs. Alice and Bruce paid no estimated Federal income tax, and they did not engage in any virtual currency transactions during the year. Neither Alice nor Bruce wants to designate $3 to the Presidential Election Campaign Fund. Complete the Byrd's Form 1040 for 2019. Department Servis 1040 U.S. Individual Income Tax Return 2019 CM 1545-004 Filing Status Maccleftliniente Your first name and middel Your social security numt Bruce M. Byrd tryout return, tous testare and mine Spouse's social security Alice). Byrd 323-65-6754 Home address (number and street). If you have a P.O. Presidential election box, see instructions Camp Check here or your 473 Revere Avenue wat 30 City, town or post office, state, and ZIP code. If you have a foreign er en verteer address, also complete spaces below (see instructions). Lowell, MA 01850 Foreign country Foreign province only for poter than four dependents Standard Deduction Someone can claim: You: Age/Blindness Spouse: Dependents intruction (2) Social security number (1) First Last name John Byrd 123-45-6780 Cywyd Sam Byrd 123-456787 (4) is for better C G One Od Wages, salaries, tips, etc. Attach Form(s) W-2.. 1 20 A8 4a 2a Taxi ured Qualified videos Ja Ordinary Schreured 4 TRA distribution cons and antes Sa Social Security bent sa Tablet Capital gain or loss). Attach Schedule D if required. If not required, check here. Other income from Schedule 1, line 9. 7 Standard Deduction for Single or Mamedling separately. $12,200 Maring jointly Qualifying widower). $24,400 Head of household $18,350 If you checked any box under Standard De instructions 6 Add lines 1, 2, 3, 4b, 4, , 6, and 7a. This is your total income Adjustments to income from Schedule 1, line 22 Ba MS NOW Problems Subtract line 8a from line 76. This is your adjusted gross income.. Standard deduction or mid deduction from Gution Attacs Form FormA 110 Add lines 9 and 10. 11a Taxable income. Subtract line 11a from line 86. If zero or less, enter-O-.. For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, separate instructions Form 1040 20191 040 (2019 121-10-2013 Page 2 Bruce M. and Alice ). Byrd 12 Tax.) Chrom 2 49223 Add Schedule 2. line 3, and line 12a and enter the total 13 134 , Add Schedule 3, line 7, and line 13a and enter the total * Subtract line 135 from line 12b. If zero or less, enter -- 00 14 15 15 Other taxes, including self-employment tax, from Schedule 2, line 10 16 Add lines 14 and 15. This is your total tax ? Federal income tax withheld from Forms W-2 and 1099 Other payments and refundable credits: w 18 Ich sch ve tame income crede (C) . truction Additional Childred Attach Sch12 c American county credit rate . Scheine 14 Add lines 18a through 18d. These are your total other payments and refundable credits 19 Add lines 17 and 18e. These are your total payments 19 und 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid MS NOW Problem 18 19 Add lines 17 and 18e. These are your total payments 19 und 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid. 20 21 211 Amount of line 20 you want refunded to you. If Form 8888 is attached, check here Routing struction Act * Amount of line 20 you want applied to your 2020 estimated tax.. ount 1 Owe * Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 24 Estimated tax penalty (see instructions) d Party ignee Fere Do you want to allow another person (other than your paid Yes. Comokter preparer) to discuss this return with the IRS? See instructions. Designer's be Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. n e tion hords Dute Set you in Protection Peter here Score's Dute return, both out entity Protection Inter here Phone ne Preare's some Email address Preparer's Date Self-Prepared d parer Segyet Only Firm's address o www.lrs.gov/Form1040 for instructions and the latest information. For 1040 (2019) MS NOW Probleme Interest Home mortgage interest and points. If you You Paid didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see Your more Instructions and check this box. deduction may e inte (e Home mortgage interest and points reported to you on Form 1098. See instructions if limited ... Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address Points not reported to you on Form 1098. See instructions for special rules. * Mortage insurance premiums (see instructions) Add lines Sa through 8d. Investment interest. Attach Form 4952 ir required. See instructions. Add lines se and 9 10 Gifts to 11 Gifts by cash or check. If you made any gift Charity of $250 or more, Caution see instructions If you made a gift and get a benefit for 12 Other than by cash or check. If you made sorun any gift of $250 or more, see instructions. You must attach Form 8283 if over $500... 11 12 Carryover from prior year 13 13 Add lines 11 through 13 Casualty and Theft Losses 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions. 16 Casualty and Theft Losses 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions. 16 Other-from list in instructions. List type and amount 15 Other Itemized Deductions 16 Total Itemized Deductions 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 9.... 17 18 If you elect to itemize deductions even though they are less than your standard deduction, check this box. Schedule A (Form 1040 or 1040 BAA For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. Check My Work Next Assignment Score: 75% Save and Exit Submit Assignment for Grading