This assignment requires you to complete four tax forms (Form 1040, Schedule 1, Schedule B, and Qualified Dividends and Capital Gain Tax Worksheet, using the provided taxpayer information. There are 4 forms that need to be filled out.
Use this link for reference as well : https://www.irs.gov/pub/irs-pdf/i1040tt.pdf
Don't use plagiarized sources. Get Your Custom Essay on
Accounting Paper
Just from $13/Page
- Step 1: Read the information below and download the taxpayer information based on the last two digits of your REDid:
- Step 2: Download the blank forms on which to complete the assignment Blank Form 1040
- Step 3: Complete the Schedule B first, then Schedule 1, then the Form 1040 down through Line 10. Then complete the Qual Div worksheet and use that information to complete the rest of the Form 1040
- Step 4: Submit all 4 documents to complete the assignment.
Alexander Smith and his wife Allison are married and file a joint tax return for 2018. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6 months off from his job in 2018 to obtain a higher level pilot’s license. The Smiths have a 17 year-old son, Brad, who is enrolled in eleventh grade at the Walt Disney Prep School. The Smiths also have an 18 year-old daughter, Angelina, who is a part-time first year student at Orange County Community College (OCCC). Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OCCC. Sean and Angelina have a 1 year old child, Trask (Social Security number 115-45-7893). All the Shirkers live in an apartment near the Smiths. Angelina and Sean both also work part-time for Sean’s wealthy grandfather as apprentices in his business. The Shirker’s wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask.
Name |
Social Security number |
Date of birth |
Alexander Smith |
266-15-1966 |
09/22/1969 |
Allison Smith |
266-34-1967 |
07/01/1970 |
Brad Smith |
261-55-2121 |
12/21/2001 |
Angelina Shirker |
261-45-1212 |
03/31/2000 |
Sean Shirker |
546-78-1235 |
05/01/1999 |
Trask Shirker |
115-45-7893 |
10/21/2017 |
Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789). Alexander pays Jennifer $200 per month in alimony under the divorce decree.
Not included with the Smith’s tax forms was interest from State of Florida bonds of $145.00.
Alexander also received a Form W-2, Form 1099-INT, and Form 1099-DIV that you should have downloaded in Step 1 above.