Bev and Ken Hair have been married for 3 years. They live at 3567 River Street,
ID: 2339516 • Letter: B
Question
Bev and Ken Hair have been married for 3 years. They live at 3567 River Street, Springfield, MO 63126.Ken is a full time student at Southwest Missouri State University and Bev works as an accountant at Cypress Corp. Bevs' W-2 shows Wages and tips other compensations=$50350.18 Federal income tax withheld= $4950.00 Social security wages =$50350.18 social sec. tax withheld = $3121.70 Medicare wages and tips= $50350.18 and Medicare tax withheld= $730.08 Also the Hairs have intrest income of $1000 on City of St. Louis bonds as well as other intrest and dividends shown on the 1099s...1st 1099-DIV 2018 is payers name and address = Green Corp Springfield, MO. Recipient name =Ken Hair (1a Total ordinary dividends = $301.00) (1b Qualified dividends = $301.00) 2nd 1099-INT 2018 is Payers name and address= Boatman's Bank Springfield, MO Recipient name= Ken Hair (1 Interest income= $643.05) Ken is an excellent student at SMSU. He was given a $1750 scholarship by the university to help pay educational expenses.The scholarship funds were used by Ken for tuition and books. Ken also had a part time job at the college. He was paid $2525 on a W-2 for helping out in the Dean's office. There was no income tax withheld on the amount paid to Ken from this job. Last year, Bev was laid off from her former job and was unemployed during Jan. 1099G = (1 Unemployment compensation = $1825.00 from State of Missouri Unemployment) Ken has a 4 year old son , Robert, from a prior marriage.He paid his ex-wife $300 per month in child support. Robert is claimed as a dependent by Ken's ex-wife. During the year, Ken's aunt died. The aunt, in her will, left Ken $15000 in cash. Ken deposited this money in the Boatman's Bank savings account.
tax return problems Fill out a 1040A and other forms that needs to be filled out for taxes
THIS IS THE ONLY THING THEY GAVE US THEY DIDNT SAY WHAT FORMS NEEDED TO BE FILLED OUT. IM GUESSING A 1040A AND QUALIFIED DIVIDENDS TAX WORKSHEET??
Explanation / Answer
Information from Form W-2, Wage and Tax Statement Bev Hair Employer #1 Employer #2 Wages, tips, other compensation 50,350.18 Federal income tax withheld 4,950.00 Social security wages 50,350.18 Social security tax withheld 3,121.70 Medicare wages and tips 50,350.18 Medicare tax withheld 730.08 Social Security Tips Allocated Tips Advance EIC payment Dependent Care Benefits 03-Sep-2018 NOTE: Check every calculation carefully!!! 9:30 AM http://www.excel1040.com – Best viewed at 1024x768 resolution. © Glenn Reeves, 2018 Form 1040 Department of the Treasury––Internal Revenue Service (99) 2017 U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space. For the year Jan. 1--Dec. 31, 2017, or other tax year beginning ,2017, ending See separate instructions. Your first name and initial Last name Your social security number Bev Hair If joint return, spouse's name & initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Make sure the SSN(s) above and on line 6c are correct. 3567 River Street, Springfield, MO 63126 City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or Foreign country name Foreign province/state/county Foreign postal code refund. You Spouse Filing Status 1 Single CHECK ONE BOX ( Use 'X' ) 4 Head of household (with qualifying person). (See instructions.) 2 Married filing joint return (even if only one had income) If the qualifying person is a child but not your dependent, enter Check only one 3 Married filing separate return. Enter spouse's SSN above this child’s name here. box. and full name here. 5 Qualifying widow(er) (see instructions) Boxes checked on 6a and 6b. 6a Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 No. of children on 6c who: Exemptions b Spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Dependents: (2) Dependent's (3) Dependent's (4) if child under age 17 • lived with you social security relationship to qualifying for child tax credit • did not live with If more than four (1) First name Last name number you (see instructions) you due to divorce or separation (see instructions) dependents, see 0 instructions and 0 check here. 0 Dependents on 6c not entered above 0 Add numbers on lines above d Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 Income 7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . 7 50,350 8 a Taxable interest. Attach Schedule B if required. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a 0 Attach Form(s) b Tax-exempt interest. Do not include on line 8a . . . . . . . . . 8b 0 W-2 here. Also 9 a Ordinary dividends. Attach Schedule B if required. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a 0 attach Forms b Qualified dividends . . . . . . . . . . . . . . . . . . . . . . 9b 0 W-2G and 10 Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 1099-R if tax 11 Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 was withheld. 12 Business income or (loss). Attach Schedule C or C-EZ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 0 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here. #### 13 If you did not 14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 get a W-2, 15 a IRA distributions 15a 0 b Taxable amount . . . . . 15b 0 see instructions. 16 a Pensions and annuities 16a 0 b Taxable amount . . . . . 16b 0 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E. 17 0 18 Farm income or (loss). Attach Schedule F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 0 19 Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 a Social security benefits 20a 0 b Taxable amount . . . . . . . 20b 0 21 Other income. List type and amount. 21 0 22 Combine the amounts in the far right column for lines 7 through 21. This is your total income 22 50,350 23 Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Adjusted 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ 24 Gross 25 Health savings account deduction. Attach Form 8889 . . . . . . . . . . 25 0 Income 26 Moving expenses. Attach Form 3903 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 Deductible part of self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 0 28 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Self-employed health insurance deduction . . . . . . . . . . . . 29 30 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 0 31 a Alimony paid b Recipient's SSN 31a 32 IRA deduction . . . . . . . . . . . . . . . . . . 32 33 Student loan interest deduction . . . . . . . . . . . . . . . 33 34 Tuition and fees. Attach Form 8917 . . . . . . . . . . . . . . . 34 35 Domestic production activities deduction. Attach Form 8903 35 36 Add lines 23 through 35 . . . . . . . . . . . . . . . 36 0 37 Subtract line 36 from line 22. This is your adjusted gross income. . . . . . 37 50,350
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