you are married filing jointly. you must provide personal tax information to the personal tax accountant so that they can complete a tax return. As a client, you should come up with a scenario of who you are, where you're from, your social security numbers, address, number of kids, what are your jobs, how much do you make, etc. Provide enough information to your tax accountants for them to complete your return.

As the client, you, too, must complete the tax return. This is to make sure your tax accountant does it correctly. When you arrive on Day 1 to present the information, you must have your own return completed at this time. It will only be used on day 3 to compare against your tax accountant.

You will be given only 15 minutes in class to discuss your situation with your accountant. This includes questions from your accountant as well.

You are expected to be able to complete the return in 1.5 hours. Similar to the question on the midterm.

Midterm question-Jaredand Sarah Johnson live at 45678 S.W. 112^thStreet, Homestead, FL 33033.Jared, who is 67 years old (DOB 12/14/1956) is retired and receiving Social Security benefits, and Sarah, who is 66 years old (DOB 6/11/1957), is also retired but working on a part-time basis. Their Social Security numbers are 412-34-5670 and 412-34-5671, respectively. The Johnsons had qualifying healthcare coverage at all times during the year.

Annual Social Security income forJaredis $22,000 (SSA-1099, box 5) and for Sarah is $16,800 (SSA-1099, box 5).

Interest received by them from the Central Bank is $2,342 (1099-INT, box 1). No income tax withholding was made.

Sarah is an employee working part-time as an interior decorator for Decorating House, a corporation. Her Form W-2 shows the following information:

Wages = $25,000

Federal W/H = $1,987

Social Security wages = $25,000

Social Security W/H = $1,550

Medicare wages = $25,000

Medicare W/H = 362.50

Their itemized deductions are as follows:

1.Mortgage interest on their main home, $11,847

2.Real estate taxes, $7,958

3.Personal property taxes, $426

4.Unreimbursed Doctors' expenses, $6,826

5.Medical insurance premiums for the year, $2,900

6.Prescribed medicine, $1,995

7.Vitamins, $300

8.Cash contributions to their church, $675. No individual contribution was greater than $250

9.Tax preparation fees for their 2022 return, $325, which was paid in 2023

10.Lottery tickets bough by Ester during the year, $750. Winnings received, $940 (W-2G, box 1. Income tax withholding on the winnings, $35 (W-2G, box 4)

11.Because the Johnsons live in Florida, where there is no state income tax, they will deduct the estimation of the general sales tax related to the area in which they live. The most efficient way for you to calculate this is to use the IRS website.https://apps.irs.gov/app/stdc/Links to an external site.

A key point to remember is using the calculator is that "income" for this calculation also includes the non-taxable portion of Social Security benefits.