This assignment requires you to complete four tax forms (Form 1040, Schedule 1, Schedule B, and Qualified Dividends and Capital Gain Tax Worksheet, using the provided taxpayer information.  The forms provided are for the tax year 2020 – (for the W-2, 1099-INT, and 1099-DIV, please disregard the 2018 tax year and treat them as 2020).

• Step 1:  Read the information below and download the taxpayer information based on the last two digits of your REDid:
  • REDid ending in 00-19: Form W-2Actions, 1099-INTActions, 1099-DIVActions
  • REDid ending in 20-39: Form W-2Actions, 1099-INTActions, 1099-DIVActions
  • REDid ending in 40-59: Form W-2Actions, 1099-INTActions, 1099-DIVActions
  • REDid ending in 60-79: Form W-2Actions, 1099-INTActions, 1099-DIVActions
  • REDid ending in 80-99: Form W-2Actions, 1099-INTActions, 1099-DIV Actions
• Step 2: Download the blank forms on which to complete the assignment Blank Form 1040
  • Blank Form 1040Actions
  • Blank Schedule 1Actions
  • Blank Schedule BActions
  • Blank Qualified Dividends and Capital Gain Tax Worksheet (ignore 2019 year and treat as 2020Actions)
• Step 3:  Complete Schedule B first, then Schedule 1, then Form 1040 down through Line 10.  Then complete the Qual Div worksheet and use that information to complete the rest of the Form 1040
• Step 4:  Submit all 4 documents to complete the assignment.

Alexander Smith and his wife Allison are married and file a joint tax return for 2019.  The Smiths live at 1234 Buena Vista Drive, Orlando, FL  32830.  Alexander is a commuter airline pilot but took 6 months off from his job in 2019 to obtain a higher-level pilot’s license.  The Smiths have a 17-year-old son, Brad, who is enrolled in eleventh grade at the Walt Disney Prep School.  The Smiths also have an 18-year-old daughter, Angelina, who is a part-time first-year student at Orange County Community College (OCCC).  Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OCCC.  Sean and Angelina have a 1-year-old child, Trask (Social Security number 115-45-7893).  All the Shirkers live in an apartment near the Smiths.  Angelina and Sean both also work part-time for Sean’s wealthy grandfather as apprentices in his business.  The Shirker’s wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask.

Name

Social Security number

Date of birth

Alexander Smith

266-15-1966

09/22/1970

Allison Smith

266-34-1967

07/01/1971

Brad Smith

261-55-2121

12/21/2002

Angelina Shirker

261-45-1212

03/31/2001

Sean Shirker

546-78-1235

05/01/2000

Trask Shirker

115-45-7893

10/21/2018

Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789).  Alexander pays Jennifer $200 per month in alimony under the divorce decree.

Not included with the Smith’s tax forms was interest from State of Florida bonds of $145.00. 

Alexander also received a Form W-2, Form 1099-INT, and Form 1099-DIV that you should have downloaded in Step 1 above. 

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