Alan B. Green lives at 201 Riverdale Avenue, Greenville, SC 35495. Alans birthday is 10/3/1970...
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Alan B. Green lives at 201 Riverdale Avenue, Greenville, SC 35495. Alans birthday is 10/3/1970 and his Social Security number is 987-65-4321. Alan is employed as a gardener at Lawn Care Services, Inc. Alan wants to contribute to the presidential election campaign. Alan does not have any foreign bank accounts or trusts. He provides the following information: Alan received a Form W-2 from Lawn Care Services, Inc. that contained the following information: Line 1 Wages, tips, other compensation $100,000 Line 2 Federal income tax withheld 18,750 Line 3 Social Security wages 100,000 Line 4 Social Security tax withheld 6,200 Line 5 Medicare wages and tips 100,000 Line 6 Medicare tax withheld 1,450 Line 17 State income tax 5,600 Alan was previously married to Joyce J. Green. They were divorced on 6/15/2017. Alan must pay $750 alimony per month to Joyce for the next 5 years or until Joyces death, whichever occurs first. Alan made all 12 payments to Joyce in 2023. Joyces social security number is 661-87-9578. Alan earned $500 interest from Peoples Bank, $275 from Chase Bank, and $800 from City of Greenville bonds. Alan incurred the following medical expenses for the year: Unreimbursed doctor charges$2,000 Unreimbursed dentist charges 2,500 Unreimbursed hospital charges for his heart surgery 5,000 Unreimbursed prescription glasses 750 Miles driven for his medical appointments3,000 miles Alan paid $15,000 of interest payments on his primary residence (acquisition debt of $225,000) and $1,000 of interest on his Visa card used to pay for home renovations. Alan paid $5,200 of real estate taxes on his home and $4,000 of real estate tax on a second home. Alan made the following contributions this year: American Heart Association$500 American Cancer Society 500 First Baptist Church 300 Alan also contributed stock to the University of South Carolina. He originally purchased the stock for $2,000 on 2/1/2017. The stock had a fair market value of $3,000 on the date he transferred the stock to the university, 6/15/2023. Alan won $2,500 in a raffle. He paid $100 for the raffle ticket. Alan did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency. Requirements: Using the information provided, you are to complete Alans 2023 federal income tax return. Since the 2023 tax forms are not yet available, you will use the 2022 federal income tax forms and schedules, but you must use 2023 tax laws currently in place (i.e., standard deduction, tax rates, etc.) Your completed return should include Form 1040, Schedule 1, Schedule A and Schedule B.
Alan B. Green lives at 201 Riverdale Avenue, Greenville, SC 35495. Alans birthday is 10/3/1970 and his Social Security number is 987-65-4321. Alan is employed as a gardener at Lawn Care Services, Inc. Alan wants to contribute to the presidential election campaign. Alan does not have any foreign bank accounts or trusts. He provides the following information: Alan received a Form W-2 from Lawn Care Services, Inc. that contained the following information: Line 1 Wages, tips, other compensation $100,000 Line 2 Federal income tax withheld 18,750 Line 3 Social Security wages 100,000 Line 4 Social Security tax withheld 6,200 Line 5 Medicare wages and tips 100,000 Line 6 Medicare tax withheld 1,450 Line 17 State income tax 5,600 Alan was previously married to Joyce J. Green. They were divorced on 6/15/2017. Alan must pay $750 alimony per month to Joyce for the next 5 years or until Joyces death, whichever occurs first. Alan made all 12 payments to Joyce in 2023. Joyces social security number is 661-87-9578. Alan earned $500 interest from Peoples Bank, $275 from Chase Bank, and $800 from City of Greenville bonds. Alan incurred the following medical expenses for the year: Unreimbursed doctor charges$2,000 Unreimbursed dentist charges 2,500 Unreimbursed hospital charges for his heart surgery 5,000 Unreimbursed prescription glasses 750 Miles driven for his medical appointments3,000 miles Alan paid $15,000 of interest payments on his primary residence (acquisition debt of $225,000) and $1,000 of interest on his Visa card used to pay for home renovations. Alan paid $5,200 of real estate taxes on his home and $4,000 of real estate tax on a second home. Alan made the following contributions this year: American Heart Association$500 American Cancer Society 500 First Baptist Church 300 Alan also contributed stock to the University of South Carolina. He originally purchased the stock for $2,000 on 2/1/2017. The stock had a fair market value of $3,000 on the date he transferred the stock to the university, 6/15/2023. Alan won $2,500 in a raffle. He paid $100 for the raffle ticket. Alan did not buy, sell, exchange, or otherwise acquire any financial interest in a virtual currency. Requirements: Using the information provided, you are to complete Alans 2023 federal income tax return. Since the 2023 tax forms are not yet available, you will use the 2022 federal income tax forms and schedules, but you must use 2023 tax laws currently in place (i.e., standard deduction, tax rates, etc.) Your completed return should include Form 1040, Schedule 1, Schedule A and Schedule B.
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