Business
Business, 10.04.2020 21:31, ashleyprescot05

Jamie and Cecilia Reyes are husband and wife and file a joint return. They live at 5677 Apple Cove Road, Boise, ID 83722. Jamie’s social security number is 412-34-5670 (date of birth 6/15/1970) and Cecilia’s is 412-34-5671 (date of birth 4/12/1972). They provide more than half of the support of their daughter, Carmen (age 23), social security number 412-34-5672 (date of birth 9/1/1996), who is a full-time veterinarian school student. Carmen received a $3,200 scholarship covering some of her tuition at college. She was not required to perform any services to receive the scholarship. Jamie and Cecilia furnish all of the support of Maria (Jamie’s grandmother), social security number 412-34-5673 (date of birth 11/6/1949), who is age 70 and lives in a nursing home. They also have a son, Gustavo (age 4), social security number 412-34-5674 (date of birth 3/14/2015).The Reyes and all of their dependents had qualifying health care coverage at all times during the tax year.

Jaime's W-2 contained the following information:

Federal Wages (box 1) =$145,625.00
Federal W/H (box 2) =$16,812.50
Social Security wages (box 3) =$127,200.00
Social Security W/H (box 4) =$7,886.00
Medicare Wages (box 5) =$145,625.00
Medicare W/H (box 6) =$2,111.56
State Wages (box 16) =$145,625.00
State W/H (box 17) =$5,435.00

Other receipts for the couple were as follows:

Dividends (all qualified dividends) $2,500
Interest income:
Union Bank $220
State of Idaho—interest on tax refund 22
City of Boise school bonds 1,250
Interest from U. S. savings bonds 410
(not used for educational purposes)
2016 federal income tax refund received in 2017 2,007
2016 state income tax refund received in 2017 218
Idaho lottery winnings 1,100
Casino slot machine winnings 2,250

Other information that the Reyeses provided for the 2017 tax year:

Mortgage interest on personal residence $11,081
Loan interest on fully equipped motor home 3,010
Doctor's fee for a face-lift for Mrs. Reyes 8,800
Dentist's fee for a new dental bridge for Mr. Reyes 3,500
Vitamins for the entire family 110
Real estate property taxes paid $5,025
DMV fees on motor home (tax portion) 1,044
DMV fees on family autos (tax portion) 436
Doctors' bills for grandmother 2,960
Nursing home for grandmother 9,200
Wheelchair for grandmother 1,030
Property taxes on boat 134
Interest on personal credit card 550
Interest on loan to buy public school district bonds 270
Cash contributions to church (all the contributions were in cash and none more than $250 at any one time) 4,100
Cash contribution to man at bottom of freeway off-ramp 25
Contribution of furniture to Goodwill—cost basis 4,000
Contribution of same furniture listed above to Goodwill—fair market value 410
Tax return preparation fee for 2016 taxes 625

(A) Form 1040, Schedule A, and Schedule B for the completion of the Reyes's tax return?

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Answers: 1

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