AC309 – Tax Return #1
Information Provided by Client (“PBC” Information)
Your clients David & Victoria Brits have asked you to prepare their 2018 Form 1040 using the information they’ve provided below. Their filing status is “Ma
ied filing jointly”. None of David & Victoria’s children are ma
ied or disabled, and everyone is a U.S. citizen. David & Victoria cannot be claimed as a dependent on another tax return and neither is blind.
David & Victoria both received a 2018 Form W-2. Their 2018 itemized deductions do not exceed $24,000 in XXXXXXXXXXDavid & Victoria incu
ed $7,500 in child care expenses for Scary, Ginger & Baby ($2,500 per child) and $14,350 in qualified tuition expenses for Manchester & Sporty (see Forms 1098-T for specific details per child).
David & Victoria provided more than 50% of the support for their 7 children during 2018, and every child lived at home for the entire year except for Posh & Sporty as described below:
· The couple adopted their 2 youngest girls (Baby and Ginger) several years ago, and they both attended grade school during 2018.
· Their middle girl (Scary) was in middle school during 2018.
· Their twin girls (Posh & Sporty) graduated from high school on May 25th, 2018.
· Sporty chose to pursue a postsecondary degree and moved into a sorority house on-campus shortly following graduation.
· Posh opted not to continue her education and moved into her own apartment at the end of May 2018.
· David’s youngest boy from a previous ma
iage (Galaxy) was not enrolled as a student at any point during 2018.
· David’s oldest boy from a previous ma
iage (Manchester) attended the same college as Sporty; he completed his 3rd year of graduate school during 2018.
Available Source Documents
Form W-2 – David Brits
Form W-2 – Victoria Brits
Form 1098-T – Manchester Brits
Form 1098-T – Sporty Brits
Personal Information – Brits Family
Name of Family Membe
Social
Security #
Age
Family Relationship
Gross
Income
Source of > 50% Support
Living A
angements
David Brits
XXXXXXXXXX
49
Dad
Victoria Brits
XXXXXXXXXX
43
Mom
Manchester Brits
XXXXXXXXXX
28
David’s son from a previous ma
iage
$6,250
Parents
Lived at home
Galaxy Brits
XXXXXXXXXX
25
David’s son from a previous ma
iage
$0
Parents
Lived at home
Posh Brits
XXXXXXXXXX
18
Biological daughte
$7,345
Parents
At home for 5 months; apartment for 7 months
Sporty Brits
XXXXXXXXXX
18
Biological daughte
$5,000
Parents
At home for 5 months; college dorm for 7 months
Scary Brits
XXXXXXXXXX
14
Biological daughte
$0
Parents
Lived at home
Ginger Brits
XXXXXXXXXX
10
Adopted daughte
$0
Parents
Lived at home
Baby Brits
XXXXXXXXXX
8
Adopted daughte
$0
Parents
Lived at home
Education Details
Name
Level of Education
Grade Level
Enrollment Details
Months in Attendance
Mancheste
Postsecondary
3rd year graduate student (7th year of college)
Full-time
9
Posh
Secondary
Senior year (12th grade)
Full-time
5
Sporty
Secondary
Senior year (12th grade)
Full-time
5
Sporty
Postsecondary
1st year of college
Full-time
4
Scary
Secondary
8th grade
Full-time
10
Ginge
Primary
5th grade
Full-time
10
Baby
Primary
3rd grade
Full-time
10
Child Care Details
Provider Name
Provider Address
Provider ID
2018 Fees
Details
Mrs. Doubtfire, LLC
1 Spoonful Way
London, OH 43140
XXXXXXXXXX
$7,500
2018 daycare costs for Scary, Ginger and Baby ($2,500/child)
DO NOT FILE
August 13, 2018
DRAFT AS OF
Fo
m 1040 Department of the Treasury—Internal Revenue Service U.S. Individual Income Tax Return 2018 OMB No XXXXXXXXXXIRS Use Only—Do not write or staple in this space. (99)
Filing status: Single Ma
ied filing jointly Ma
ied filing separately Head of household Qualifying widow(er)
Your first name and initial Last name Your social security number
Your standard deduction: Someone can claim you as a dependent You were born before January 2, 1954 You are blind
If joint return, spouse's first name and initial Last name Spouse’s social security number
Spouse standard deduction: Someone can claim your spouse as a dependent Spouse was born before January 2, 1954
Spouse is blind Spouse itemizes on a separate return or you were dual-status alien
Home address (number and street). If you have a P.O. box, see instructions. Apt. no.
City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6.
Full-year health care coverage
or exempt (see inst.)
Presidential Election Campaign
(see inst.) You Spouse
If more than four dependents,
see inst. and ✓ here ▶
Dependents (see instructions): (2) Social security number (3) Relationship to you (4) ✓ if qualifies for (see inst.):
(1) First name XXXXXXXXXXLast name XXXXXXXXXXChild tax credit Credit for other dependents
Sign
Here
Joint return?
See instructions.
Keep a copy for
your records.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true,
co
ect, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
▲ Your signature Date Your occupation If the IRS sent you an Identity Protection
PIN, enter it
here (see inst.)
Spouse’s signature. If a joint return, both must sign. Date Spouse’s occupation If the IRS sent you an Identity Protection
PIN, enter it
here (see inst.)
Paid
Preparer
Use Only
Preparer’s name Preparer’s signature PTIN Firm’s EIN
Firm’s name ▶ Phone no.
Check if:
3rd Party Designee
Firm’s address ▶
Self-employed
For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form XXXXXXXXXX)
DO NOT FILE
August 13, 2018
DRAFT AS OF
Form XXXXXXXXXXPage 2
Attach Form(s)
W-2. Also attach
Form(s) W-2G and
1099-R if tax was
withheld.
1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . XXXXXXXXXX1
2a Tax-exempt interest . . . 2a b Taxable interest . . . 2b
3a Qualified dividends . . . 3a b Ordinary dividends . . . 3b
4a IRAs, pensions, and annuities . 4a b Taxable amount . . . 4b
5a Social security benefits . . 5a b Taxable amount . . . 5b
6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line XXXXXXXXXX
7
Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise,
subtract Schedule 1, line 36, from line 6 . . . . . . . XXXXXXXXXX7Standard
Deduction for—
• Single or ma
ied
filing separately,
$12,000
• Ma
ied filing
jointly or Qualifying
widow(er),
$24,000
• Head of
household,
$18,000
• If you checked
any box under
Standard
deduction,
see instructions.
8 Standard deduction or itemized deductions (from Schedule A) . . XXXXXXXXXX8
9 Qualified business income deduction (see instructions) . . . . XXXXXXXXXX9
10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter XXXXXXXXXX10
11 a Tax (see inst) (check if any from: 1 Form(s XXXXXXXXXXForm 4972 3
Add any amount from Schedule 2 and check here . . . . . . . . . . . . ▶
)
11
12 a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here ▶ 12
13 Subtract line 12 from line 11. If zero or less, enter -0- . . . . XXXXXXXXXX13
14 Other taxes. Attach Schedule 4 . . . . . . . . . . XXXXXXXXXX14
15 Total tax. Add lines 13 and 14 . . . . . . . . . . XXXXXXXXXX15
16 Federal income tax withheld from Forms W-2 and 1099 . . . XXXXXXXXXX16
17 Refundable credits: a EIC (see inst.) b Sch 8812 c Form 8863
Add any amount from Schedule 5 . . . . . XXXXXXXXXX17
18 Add lines 16 and 17. These are your total payments . . . . XXXXXXXXXX18
Refund
Direct deposit?
See instructions.
19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid XXXXXXXXXX
20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here . . . . ▶ 20a
▶ b Routing number ▶ c Type: