Instruction: Complete the 2022 federal income tax return for Ben and Zoey Miller....

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Accounting

Instruction:

Complete the 2022 federal income tax return for Ben and Zoey Miller. You may assume the Millers have substantiated all expenses that qualify for tax deductions and tax credits In preparing their tax return, you may use Form 1040, Schedules (e.g., 1, 2, 3, A, B, C, D, E, and SE), Form 2441, 4562, 8582, 8863, 8949, 8995 and other forms if necessary. You have two options: 1) You may use a hard copy of Form 1040 and other necessary forms for 2022 available at the IRS website and fill out by hand. 2) You may use a tax software to do your team project. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps.

1. Meal expenses associated with their business are 50% deductible.

2. TaxAct is not compatible with Mac. It works only on Windows. I have no control over this.

3. Manual input: If you are manually inputting your numbers into the tax forms (not using Tax software), 2022 tax forms are available as of now. Thus, use 2022 tax forms and schedules with 2022 numbers.

Family Information:

Husband

Ben Miller

SSN 598-94-2583

Birthday: 8/21/1969

Wife

Zoey Miller

SSN 301-52-2942

Birthday: 4/15/1970

Home address

461 Golden Ave, Long Beach, CA 90802

Son

Henry Miller

SSN 614-42-5871

Birthday: 2/08/2001 2

22yrs

Daughter

Izzy Miller

SSN 658-98-7480

Birthday: 6/13/2006

16yrs

In 2017, Ben Miller purchased an annuity from MyLife for $120,000. Monthly payments of $2,000 on the annuity started on January 15, 2022 and will continue for a total of 15 years.

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