Question

Please Complete the federal tax return below for 2016. Use Form 1040, Schedule A, Schedule B, and Form 2441 to complete this return. You can print these forms off of the IRS website by going to irs.gov and searching for the forms. Take a screenshot of each form. Please only answer if you have the completed forms...........Lucy and Ricky Van have one child, Leroy, who is 5 years old. The Vans reside at 1234 Huckleberry Street, Kathleen, GA 31047. Ricky’s Social Security number is 577-11-3322, Lucy’s is 477-98-4735, and Leroy’s is 589-22-1142. Lucy and Ricky’s earnings and withholdings are: Ricky: Earnings from Dell Company (office manager) $30,000 Federal Income Tax withheld $3,000 State Income Tax withheld $1,200 Lucy: Earnings from Rite Aid (Pharmacy Tech) $24,000 Federal Income Tax withheld$2,500 State Income Tax withheld$800 The other income includes interest from BB&T Savings of $1,600. Other information and expenditures are: Interest: On home mortgage$12,000 Credit card$1,000 Taxes: Property Tax on personal residence $1,600 State income tax paid for previous year$300 Contribution to church$500 Medical insurance premiums$500 Medical and dental expenses$3,000 Income tax preparation fee paid$200 Payment of union dues$250 Child Care for Leroy$3,600 CGTC Childcare Development Center

Answer 1

Solution:

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Answer :-

An assessment plan is a type of IRS expects you to get ready notwithstanding your expense form when you have particular sorts of Incomes and Deductions.

Schedule A :-

• In the event that you recognize your answers as opposed to guaranteeing the standard reasoning , the you ought to get ready Schedule A .
• what's more, this ought to be append to your shape 1040.

Schedule B :-

• This timetable is a pay plan it should be independently list the wellspring of intrigue and profit installment. Which is gotten amid the entire year.

Schedule C and C-EZ :-

• On the off chance that you have basic business with not an intricate bookkeeping that meets IRS criteria, you can utilize shorter calendar C and C-EZ , as opposed to plan C .

Schedule D :-

• The timetable D yake put when you move capital resource amid the year .

Schedule EIC :-

• You can utilize plan EIC for shape 1040 report your capability for guaranteeing the earned salary impose credit .