I have attatched the problem and need to fill out the following tax form. Would...

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I have attatched the problem and need to fill out the following tax form. Would love some help with this. image

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First Individual Tax Return Project (Chapter 4&5) Due by September 26, 2019 Your Name: Class Meeting Time: Instructions: Please complete the required federal individual income tax return forms for the following taxpayer. Skip the tax credits part for this project. You may stop after completing Line 11 on Form 1040. Sarah Hamblin is your client. Sarah and her now ex-husband Kevin were legally divorced on March 1 of 2018 for which you are completing the tax return. As of the end of 2018, Sarah was not married. Sarah and Kevin had only child an 11 year old girl named Elizabeth. As part of the divorce decree, Sarah was given custody of Elizabeth and Kevin was required to pay child support for Elizabeth's care as well as alimony to Sarah until she remarries or dies. Because Kevin would be making child support payments, the divorce decree provided that Kevin would be permitted to claim Elizabeth as a dependent on his tax return until Elizabeth no longer qualifies as a tax dependent of her parents and the decree obligates Sarah to sign and/or file any required forms to cause this result to occur. Sarah rents a home (separate from Kevin) that she pays for herself. Elizabeth lives with Sarah most of the time but she visits and stays with her father every other weekend and most holidays. During the year, Elizabeth stayed at Kevin's house a total of 74 nights. The following information relates to Sarah's tax year: Sarah's social security number is 123-43-4321 Elizabeth's social security number is 123-34-1234 Sarah's mailing address is 1245 Rose Petal Drive, Madison, Wisconsin 53562 Elizabeth is a U.S.citizen Sarah Hamblin received the following income during the year: Federal Income Tax State Income Tax Company Gross Wages Withholding 10,250 Withholding Central Wisconsin 56,350 2,825 Heating and Air All applicable and appropriate payroll taxes were withheld by the employer During the year, Sarah also received the following: $12,000 $16,000 Child Support Payment from Kevin Hamblin Alimony Payment from Kevin Hamblin 1 Gift from her father to help with legal bills $ 8,500 $400 $ 250 $165 $45,000 Interest income on U.S. Treasury Bond Interest income of Madison City Bond (municipal) Interest income from First Bank of Madison Life insurance proceeds on the death of her mother Sarah won 10 tickets through a radio contest to the touring broadway-style production of Wholesome. The value of the tickets was $200 each. Sarah took her friends from work to the production. Sarah lost her job with Central Wisconsin Heating and Air on November 15 because of a reduction in work force. She collected $1,250 in unemployment benefits. She is currently looking for another job. Sarah did not own, control or manage any foreign bank accounts nor was she a grantor or beneficiary of a foreign trust during the tax year Through work Sarah was provided with certain benefits as part of her employment: Group-term life insurance coverage of $50,000. Cost to cover Sarah for the company for the tax year is $150 Access to the company photocopy machine. Sarah estimates she made $40 worth of copies during the year primarily for use with her church group activities 2 1040 2018 (99) Departmant of the Treasury-Intenel Ravane Senice U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Uee Only-Du nul wrile orslaple in ths space Single Filing status: Married fiing jn.ly Married liling separalely Qualifying widowier Head of houshod Your frat rame and initial Last name Your social security number You are blind Your standard deduction: Someone can claim you as a depencent You were bom before January 2, 1954 Last name Spouse's social security number If joint retum, spouse's first name and initial Someone can claim your spouse as a dependent Spouse was born betore January 2, 1954 Soouse standard deduction: Full-wear hNallh care coverage Spouse is blind or exempt see inst Spouse itemizes on a separats retum or you were dual-status alien Apt. no Presidential Election Campaign see inst. Home address (number and street). If ycu have a P.O. box, see instructions. You Spouse City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. If more than four dependents see inst. and here Dependents (soo instructions): (2 Sucial security number (4) if qualifies for (aee inst. Child tax creit (3) Relationship tu you Credit for uer deuenderls (1) First name Last name Uncer peraties of perjury. I deckare al I have exanined this retumi and accorcanging schecules and stalenents, ard to the besl of my krowdedge ard bele, Uey are true oTt, ard complete. Deciaraton of peaarer ather than taxpayer is based an all infcrmation of which pmparerhas any knowindge Sign Here Your signature Your nccupation If the IRS sent you an lcentty Protection PIN, ner i r hera isoo inst. If the IRS sent you an ldentty Protection PIN, aner i hera isaa inst. Date Joint raturn? Soc instructions Keep a copy for your reccrds Spouse's signature. If a joint retum, both must sign Spouse's occupation Date PTIN Check if Preparer's name Proparor's sknature Firm's EIN Paid ar Party Dasigno Preparer Use Only Self-emoloyed Firm's name Phone no Firm's address Form 10402018 For Disclasure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cet, No. 11320B Fom 1040 (2018 Page 2 . 1 1 Wages, salaries, tips, otc. Attach Formist W 2 ,. Tax-exempt interest 2a 2a b Taxable interest 2b Attech Forisi W2. Also attach Frmisi d b Ordinary divickonds b Taxable amount Qualified dividends 3a 3b 4 RAs, pensions, and annuities 4a 4b 1C88-R tax wss vithheld b Taxable amount 5a Social security benefits 5a 5b Total income. Add lines 1 thraugh 5. Add any amount from Schedule , Ine 22 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise sublract Schedule 1, lino 36, from line 6 6 6 7 7 Standard Deduction for- 8 Single or maried 9 Standard deduction or itemized deductions (from Schecule A) 8 Qualified businss income doduction (see instructions) 9 filing separalely $12,000 10 Taxable income. Subtract linea 8 and 9 from line 7. If zero or lesa, enter -0- 10 Merred ling Jointy or Cuairyng 11 widoaia $24,000 Hood of housahokd $1 H yau checke ary box under Stndad cecuctien sinstructicns 2For 4672 icheck if any from: 1Foms 8914 a Tax isce inst. 3 icheck if any from: 1 Famis 8914 Fam 4672 b Add any amount from Schecule 2 and check here 11 12 a Chils tax creditcredit for other dependents b Add ary amcurt fram Schedde 3 and check hore 12 13 Subtract line 12 from line 11 If zero or less, enter -0 13 14 Other taxes. Attach Schedule 4 14 15 Total tax. Acd lines 13 and 14 15 16 Foderal income tax withhold from Forms W 2 and 1099 16 17 b Sch. a812 Refundable cred ts: a ElC fsee inst.) c Farr aa3 Add any amount from Schodule 5 17 Acd lines 16 and 17, These are your total payments 18 18 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 19 Refund 20a Amcunt of line 19 you want refunded to you. If Form 888B is attached, check here 20a Savings Direct deposit? Sneinetnuctions Routing number cType: Checking b d Account number 21 Amouni o line 19 you want applied to your 2019 estimated tax 21 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions Amount You Owe 22 22 23 Estimated tax penalty (see iratructions) 23 Go to www.irs.gov/Fonm 1040 for instructions and the latest information Form 1040 2018 SCHEDULE 1 OMB No. 1545-D074 Additional Income and Adjustments to Income (Form 1040) 2018 Attach to Form 1040. Go to www.irs.gov/Form1040 for instructions and the latest information. Department of tho Trousury Interral Reverue Sorvice Attachment Sequence No. 01 Nameisi shown on Form 1040 Your social security number 1-9b Additional 1-9b Reserved 10 Taxable refunds, credits, or offsets of state and local income taxes 10 Income Alimony received 11 11 12 Business income or (loss. Attach Schedule C or C-EZ 12 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here 13 14 Other gains or (losses. Attach Form 4797 14 15a Reserved 16a Reserved 15b 16b Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F Unemployment compensation 17 17 18 18 19 19 20a Reserved 20b 21 Other income. List type and amount Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Educator expenses 21 22 22 23 Adjustments 23 .... ... 24 Certain business expenses of reservists, performing artists, and fee-basis govemment officials. Attach Form 2106 to Income 24 25 Health savings account deduction. Attach Form 8889 25 Moving expenses for members of the Ammed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans 29 26 26 27 27 28 28 Self-employed health insurance deduction Penalty on early withdrawal of savings Alimony paid 29 30 30 b Recipient's SSN 31a 31a 32 IRA deduction . 32 Student loan interest deduction 33 33 34 35 34 Reserved 35 Reserved 36 Add lines 23 through 35 36 Schedule 1 (Form 1040) 2018 For Paperwork Reduction Act Notice, see your tax return instructions. Cat, No. 71479F I|| | || |||| || || First Individual Tax Return Project (Chapter 4&5) Due by September 26, 2019 Your Name: Class Meeting Time: Instructions: Please complete the required federal individual income tax return forms for the following taxpayer. Skip the tax credits part for this project. You may stop after completing Line 11 on Form 1040. Sarah Hamblin is your client. Sarah and her now ex-husband Kevin were legally divorced on March 1 of 2018 for which you are completing the tax return. As of the end of 2018, Sarah was not married. Sarah and Kevin had only child an 11 year old girl named Elizabeth. As part of the divorce decree, Sarah was given custody of Elizabeth and Kevin was required to pay child support for Elizabeth's care as well as alimony to Sarah until she remarries or dies. Because Kevin would be making child support payments, the divorce decree provided that Kevin would be permitted to claim Elizabeth as a dependent on his tax return until Elizabeth no longer qualifies as a tax dependent of her parents and the decree obligates Sarah to sign and/or file any required forms to cause this result to occur. Sarah rents a home (separate from Kevin) that she pays for herself. Elizabeth lives with Sarah most of the time but she visits and stays with her father every other weekend and most holidays. During the year, Elizabeth stayed at Kevin's house a total of 74 nights. The following information relates to Sarah's tax year: Sarah's social security number is 123-43-4321 Elizabeth's social security number is 123-34-1234 Sarah's mailing address is 1245 Rose Petal Drive, Madison, Wisconsin 53562 Elizabeth is a U.S.citizen Sarah Hamblin received the following income during the year: Federal Income Tax State Income Tax Company Gross Wages Withholding 10,250 Withholding Central Wisconsin 56,350 2,825 Heating and Air All applicable and appropriate payroll taxes were withheld by the employer During the year, Sarah also received the following: $12,000 $16,000 Child Support Payment from Kevin Hamblin Alimony Payment from Kevin Hamblin 1 Gift from her father to help with legal bills $ 8,500 $400 $ 250 $165 $45,000 Interest income on U.S. Treasury Bond Interest income of Madison City Bond (municipal) Interest income from First Bank of Madison Life insurance proceeds on the death of her mother Sarah won 10 tickets through a radio contest to the touring broadway-style production of Wholesome. The value of the tickets was $200 each. Sarah took her friends from work to the production. Sarah lost her job with Central Wisconsin Heating and Air on November 15 because of a reduction in work force. She collected $1,250 in unemployment benefits. She is currently looking for another job. Sarah did not own, control or manage any foreign bank accounts nor was she a grantor or beneficiary of a foreign trust during the tax year Through work Sarah was provided with certain benefits as part of her employment: Group-term life insurance coverage of $50,000. Cost to cover Sarah for the company for the tax year is $150 Access to the company photocopy machine. Sarah estimates she made $40 worth of copies during the year primarily for use with her church group activities 2 1040 2018 (99) Departmant of the Treasury-Intenel Ravane Senice U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Uee Only-Du nul wrile orslaple in ths space Single Filing status: Married fiing jn.ly Married liling separalely Qualifying widowier Head of houshod Your frat rame and initial Last name Your social security number You are blind Your standard deduction: Someone can claim you as a depencent You were bom before January 2, 1954 Last name Spouse's social security number If joint retum, spouse's first name and initial Someone can claim your spouse as a dependent Spouse was born betore January 2, 1954 Soouse standard deduction: Full-wear hNallh care coverage Spouse is blind or exempt see inst Spouse itemizes on a separats retum or you were dual-status alien Apt. no Presidential Election Campaign see inst. Home address (number and street). If ycu have a P.O. box, see instructions. You Spouse City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. If more than four dependents see inst. and here Dependents (soo instructions): (2 Sucial security number (4) if qualifies for (aee inst. Child tax creit (3) Relationship tu you Credit for uer deuenderls (1) First name Last name Uncer peraties of perjury. I deckare al I have exanined this retumi and accorcanging schecules and stalenents, ard to the besl of my krowdedge ard bele, Uey are true oTt, ard complete. Deciaraton of peaarer ather than taxpayer is based an all infcrmation of which pmparerhas any knowindge Sign Here Your signature Your nccupation If the IRS sent you an lcentty Protection PIN, ner i r hera isoo inst. If the IRS sent you an ldentty Protection PIN, aner i hera isaa inst. Date Joint raturn? Soc instructions Keep a copy for your reccrds Spouse's signature. If a joint retum, both must sign Spouse's occupation Date PTIN Check if Preparer's name Proparor's sknature Firm's EIN Paid ar Party Dasigno Preparer Use Only Self-emoloyed Firm's name Phone no Firm's address Form 10402018 For Disclasure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cet, No. 11320B Fom 1040 (2018 Page 2 . 1 1 Wages, salaries, tips, otc. Attach Formist W 2 ,. Tax-exempt interest 2a 2a b Taxable interest 2b Attech Forisi W2. Also attach Frmisi d b Ordinary divickonds b Taxable amount Qualified dividends 3a 3b 4 RAs, pensions, and annuities 4a 4b 1C88-R tax wss vithheld b Taxable amount 5a Social security benefits 5a 5b Total income. Add lines 1 thraugh 5. Add any amount from Schedule , Ine 22 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise sublract Schedule 1, lino 36, from line 6 6 6 7 7 Standard Deduction for- 8 Single or maried 9 Standard deduction or itemized deductions (from Schecule A) 8 Qualified businss income doduction (see instructions) 9 filing separalely $12,000 10 Taxable income. Subtract linea 8 and 9 from line 7. If zero or lesa, enter -0- 10 Merred ling Jointy or Cuairyng 11 widoaia $24,000 Hood of housahokd $1 H yau checke ary box under Stndad cecuctien sinstructicns 2For 4672 icheck if any from: 1Foms 8914 a Tax isce inst. 3 icheck if any from: 1 Famis 8914 Fam 4672 b Add any amount from Schecule 2 and check here 11 12 a Chils tax creditcredit for other dependents b Add ary amcurt fram Schedde 3 and check hore 12 13 Subtract line 12 from line 11 If zero or less, enter -0 13 14 Other taxes. Attach Schedule 4 14 15 Total tax. Acd lines 13 and 14 15 16 Foderal income tax withhold from Forms W 2 and 1099 16 17 b Sch. a812 Refundable cred ts: a ElC fsee inst.) c Farr aa3 Add any amount from Schodule 5 17 Acd lines 16 and 17, These are your total payments 18 18 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 19 Refund 20a Amcunt of line 19 you want refunded to you. If Form 888B is attached, check here 20a Savings Direct deposit? Sneinetnuctions Routing number cType: Checking b d Account number 21 Amouni o line 19 you want applied to your 2019 estimated tax 21 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions Amount You Owe 22 22 23 Estimated tax penalty (see iratructions) 23 Go to www.irs.gov/Fonm 1040 for instructions and the latest information Form 1040 2018 SCHEDULE 1 OMB No. 1545-D074 Additional Income and Adjustments to Income (Form 1040) 2018 Attach to Form 1040. Go to www.irs.gov/Form1040 for instructions and the latest information. Department of tho Trousury Interral Reverue Sorvice Attachment Sequence No. 01 Nameisi shown on Form 1040 Your social security number 1-9b Additional 1-9b Reserved 10 Taxable refunds, credits, or offsets of state and local income taxes 10 Income Alimony received 11 11 12 Business income or (loss. Attach Schedule C or C-EZ 12 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here 13 14 Other gains or (losses. Attach Form 4797 14 15a Reserved 16a Reserved 15b 16b Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F Unemployment compensation 17 17 18 18 19 19 20a Reserved 20b 21 Other income. List type and amount Combine the amounts in the far right column. If you don't have any adjustments to income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 Educator expenses 21 22 22 23 Adjustments 23 .... ... 24 Certain business expenses of reservists, performing artists, and fee-basis govemment officials. Attach Form 2106 to Income 24 25 Health savings account deduction. Attach Form 8889 25 Moving expenses for members of the Ammed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans 29 26 26 27 27 28 28 Self-employed health insurance deduction Penalty on early withdrawal of savings Alimony paid 29 30 30 b Recipient's SSN 31a 31a 32 IRA deduction . 32 Student loan interest deduction 33 33 34 35 34 Reserved 35 Reserved 36 Add lines 23 through 35 36 Schedule 1 (Form 1040) 2018 For Paperwork Reduction Act Notice, see your tax return instructions. Cat, No. 71479F I|| | || |||| || ||

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