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Margret Delonge is a single Retiree. She has come to you to prepare her 2018 individual Tax return. Below is the personal and income information she provided. Personal Information: Name : Margret...

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Margret Delonge is a single Retiree. She has come to you to prepare her 2018 individual Tax return. Below is the personal and income information she provided.
Personal Information:
Name : Margret Delonge
Birthday: June 26,1947
SS#: XXXXXXXXXX
Address: 182 Cheshire CT
City/State/Zip : Barker, TX77413
Occupation: Retired
Income:
Social Security Benefits: $9600
Intrest:
Raynor State Bank: $2040
Finn Credit Union: $500
City of Barker savings Bond: $576
MCA National: $1100
Wages:
Frosty World, INC - $12000
Federal Tax Withheld : $156
Annuity Payments:
Spalding Boomer & Travis :
Totalof 2018 monthly payments : $5400
Initial investment: $81343
Total Years: 20 Years
Please prepare Margrets 2018 Tax return. Include a cover short cover letter explaining her return. (1/2 to 1 Pg). Attach any calculations made outside the return.
Form 1040
https://www.irs.gov/pub/irs-pdf/f1040.pdf
Irs1040 instructions
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
Answered Same Day Mar 20, 2021

Solution

Bhavani answered on Mar 21 2021
142 Votes
2018 Form 1040
Fo
m 1040 Department of the Treasury—Internal Revenue Service U.S. Individual Income Tax Return 2018 OMB No. 1545-0074 IRS 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 Last name Child 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.
â–² 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
Self-employed
Firm’s address ▶
For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2018)
Form 1040 (2018) Page 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 . . . . . . . . . . . . . . . . 1
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 22 . . . . . 6
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 . . . . . . . . . . . . . . . . . 7Standard
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) . . . . . . . . . . . . 8
9 Qualified business income deduction (see...
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