Jonathan Michaels is single, DOB 3-15-70, has no dependents, and has $55,000 in wages and lives at 55855 Ridge Dr. in Santa Fe, New Mexico 87501. His social security number is 412-34-5670 and he has federal withholding is $11,000. He has gambling winnings of $500 and the following expenses:
?
State income taxes $2,200
Personal property taxes 1,000
Medical expenses 500
Charitable cash contributions 450
Mortgage interest expense 5,500
Gambling losses 650
Job hunting expenses 275
(he did not get the new position, which was in the same profession)
Prepare a Form 1040 and Schedule A for Jonathan using the appropriate worksheets and forms. Do not compute the underpayment penalty.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!Tax Return Problem #2
In 2011, John and Shannon O’Banion, who live at 3222 Pinon Drive, Mesa, Colorado 81643 and file married filing jointly, had wages of $85,000. John’s social security number is 412-34-5670, DOB 5-12-72, and Shannon’s is 412-34-5671, DOB 11-3-71.The federal withholding on John’s wages was $12,750. Shannon did not work during the year due to her medical condition. In the same year, they had the following medical costs:
Shannon’s prescribed diabetes medication $3,150
John’s hospital charges $2,500
Shannon’s regular physician visits $700
Shannon’s eye doctor $75
Shannon’s diabetes blood testing supplies $65
Insurance reimbursements $1,000
In addition, they had the following other expenses:
State income taxes $2,200
Personal property taxes 1,000
Car loan interest 500
Charitable cash contributions 450
Mortgage interest expense 4,500
Union dues for John 685
Prepare a Form 1040 and Schedule A for the O’Banions using the appropriate worksheets and forms.
Do not compute the underpayment penalty
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
