boseph and Diana Cohen live in Pleasantville, New Jersey. Joseph is the Vice-President of Sales...
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boseph and Diana Cohen live in Pleasantville, New Jersey. Joseph is the Vice-President of Sales at a small start-up company. Diana is a former advertising executive who currently consults with former clients. The Cohens have three children Rebecca (age 18), Alan (age 15), and David (age 12). In January, Rebecca left home to attend a liberal arts college. All three children qualify as Joseph and Diana's federal income tax dependents. The Cohens plan to file a joint tax return. The Cohens provided the following information: Joseph's social security number is 598-94-2583. Birthdate: 2/5/1960 Diana's social security number is 301-52-2942. Birthdate: 6/10/1965 Rebecca's social security number is 887-44-8710. Birthdate: 2/14/2000 Alan's social security number is 810-42-9092. Birthdate: 8/12/2003 David's social security number is 855-11-3021. Birthdate: 7/21/2006 The Cohen's mailing address is 85 North Maple Drive, Pleasantville, New Jersey 08232 . . . . Joseph Cohen reported the following the following information relating to his employment during the year: Employer Gross Wages Federal Income Tax Withholding $25,230 State Income Tax Withholding $8,900 Alternative Energy $148,325 Joseph's employer withheld all payroll taxes it was required to withhold. The entire Cohen family was covered by minimum essential health insurance during each month in 2018. The insurance was provided by Joseph's employer, Alternative Energy. Diana Cohen received the following revenue during the year (she uses the cash method of accounting) Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensen's Health Products $8,500 Strategic Solutions $3,750 In this self-employment endeavor, Diana is an active participant, and the activity is considered a specified service trades or businesses for purposes of the Qualified Business Income Deduction. Assume the activity qualifies as a trade or business. During the year, Diana paid the following business expenses: $800 $1,250 $1,850 Advertising Accounting Office Expenses Airfare Hotel Moals $2,900 $1,450 . . . nt tax return Ine conens provided the following information: Joseph's social security number is 598-94-2583. Birthdate: 2/5/1960 Diana's social security number is 301-52-2942. Birthdate: 6/10/1965 Rebecca's social security number is 887-44-8710. Birthdate: 2/14/2000 Alan's social security number is 810-42-9092. Birthdate: 8/12/2003 David's social security number is 855-11-3021. Birthdate: 7/21/2006 The Cohen's mailing address is 85 North Maple Drive, Pleasantville, New Jersey 08232 . . . Joseph Cohen reported the following the following information relating to his employment during the year: Employer Gross Wages Federal Income Tax withholding $25,230 State Income Tax Withholding $8,900 Alternative Energy $148,325 Joseph's employer withheld all payroll taxes it was required to withhold. The entire Cohen family was covered by minimum essential health insurance during each month in 2018. The insurance was provided by Joseph's employer, Alternative Energy. Diana Cohen received the following revenue during the year (she uses the cash method of accounting) Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensen's Health Products $8,500 Strategic Solutions $3,750 In this self-employment endeavor, Diana is an active participant, and the activity is considered a specified service trades or businesses for purposes of the Qualified Business Income Deduction. Assume the activity qualifies as a trade or business. During the year, Diana paid the following business expenses: $800 $1,250 $1,850 Advertising Accounting Office Expenses Airfare Hotel Meals Parking $2,900 $1,450 $390 $320 Instructions: Please complete the 2018 federal income tax return (including schedule C and Schedule SE) for Joseph and Diana Cohen. boseph and Diana Cohen live in Pleasantville, New Jersey. Joseph is the Vice-President of Sales at a small start-up company. Diana is a former advertising executive who currently consults with former clients. The Cohens have three children Rebecca (age 18), Alan (age 15), and David (age 12). In January, Rebecca left home to attend a liberal arts college. All three children qualify as Joseph and Diana's federal income tax dependents. The Cohens plan to file a joint tax return. The Cohens provided the following information: Joseph's social security number is 598-94-2583. Birthdate: 2/5/1960 Diana's social security number is 301-52-2942. Birthdate: 6/10/1965 Rebecca's social security number is 887-44-8710. Birthdate: 2/14/2000 Alan's social security number is 810-42-9092. Birthdate: 8/12/2003 David's social security number is 855-11-3021. Birthdate: 7/21/2006 The Cohen's mailing address is 85 North Maple Drive, Pleasantville, New Jersey 08232 . . . . Joseph Cohen reported the following the following information relating to his employment during the year: Employer Gross Wages Federal Income Tax Withholding $25,230 State Income Tax Withholding $8,900 Alternative Energy $148,325 Joseph's employer withheld all payroll taxes it was required to withhold. The entire Cohen family was covered by minimum essential health insurance during each month in 2018. The insurance was provided by Joseph's employer, Alternative Energy. Diana Cohen received the following revenue during the year (she uses the cash method of accounting) Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensen's Health Products $8,500 Strategic Solutions $3,750 In this self-employment endeavor, Diana is an active participant, and the activity is considered a specified service trades or businesses for purposes of the Qualified Business Income Deduction. Assume the activity qualifies as a trade or business. During the year, Diana paid the following business expenses: $800 $1,250 $1,850 Advertising Accounting Office Expenses Airfare Hotel Moals $2,900 $1,450 . . . nt tax return Ine conens provided the following information: Joseph's social security number is 598-94-2583. Birthdate: 2/5/1960 Diana's social security number is 301-52-2942. Birthdate: 6/10/1965 Rebecca's social security number is 887-44-8710. Birthdate: 2/14/2000 Alan's social security number is 810-42-9092. Birthdate: 8/12/2003 David's social security number is 855-11-3021. Birthdate: 7/21/2006 The Cohen's mailing address is 85 North Maple Drive, Pleasantville, New Jersey 08232 . . . Joseph Cohen reported the following the following information relating to his employment during the year: Employer Gross Wages Federal Income Tax withholding $25,230 State Income Tax Withholding $8,900 Alternative Energy $148,325 Joseph's employer withheld all payroll taxes it was required to withhold. The entire Cohen family was covered by minimum essential health insurance during each month in 2018. The insurance was provided by Joseph's employer, Alternative Energy. Diana Cohen received the following revenue during the year (she uses the cash method of accounting) Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensen's Health Products $8,500 Strategic Solutions $3,750 In this self-employment endeavor, Diana is an active participant, and the activity is considered a specified service trades or businesses for purposes of the Qualified Business Income Deduction. Assume the activity qualifies as a trade or business. During the year, Diana paid the following business expenses: $800 $1,250 $1,850 Advertising Accounting Office Expenses Airfare Hotel Meals Parking $2,900 $1,450 $390 $320 Instructions: Please complete the 2018 federal income tax return (including schedule C and Schedule SE) for Joseph and Diana Cohen


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