The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5.
Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan $440,000 in tax-free interest. Since the bonds are private activity bonds, the $440,000 is a tax preference for purposes of the alternative minimum tax (AMT). Assume for Chapters 6, 7, and 8 that Ivan's federal income tax withholding from his wages is $12,000, not $6,000. Also assume that Ivan does not owe any penalties for underpaying his tax because he meets one of the exceptions discussed later in Chapter 9.
Required:
Combine this new information about the Incisor family with the information from Chapters 1-5 and complete a revised 2012 tax return for Ivan and Irene. Be sure to save your data input files since this case will be expanded with more tax information in later chapters.
This problem requires the calculation of alternative minimum tax (AMT). The home equity interest of $900 on the purchase of an automobile is not deductible for AMT (see line 4 of Form 6251). Please also note that page 2 of Form 6251 must be filled in to calculate the lower AMT amount on qualified dividends and that the Saver's Credit still applies.

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Department of the Treaury-Intenal Revenus Service U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Ony-Do nol wrie or saple in thia space. For the year Jan.1-Doc. 31, 2011, orother tax yoar beginning 2011, anding first name and initial Your social security number joint retum addrasa Inumbar and at Make sure the SSN%) above and on line 8c are carrect or post offca, atate, and 2P code If you have a foreign address, aso complate speces below isee instructions) here ifyou, or your spouse H ng postal code abax below vill not change your tau or oindy, want $3 to go to this fund. Chocking ou8peuse Filing Status 1 Single Check anly one 3Married fling separately. Enter spouse's SSN above 4 Hoad of houschold (with qualitying perond. ISce instructions)I Married fling jointly (even if only one had income) tha qualifying parson ia a child but not your depandant, enter this and full name here. Qualtying widowlar) with dependent chid Yourself. If someone can claim you as a dopendent, do not check box 6a Exemptions c Dependents lived with you social security numbe you due 1o dvoree It more than four dependents, see nstructions and heck here Dependents on Go Add numbarg on d Total number of 7 Wages, salaries, tips, elc. Attach Forms) W-2 8a Taxable interest. Atach Schedule B if requirecd claimed Income b Tax-exempt intorest. Do not include on lino 8a 9a Ordinary dividands. Attach Schedule B if required Attach Form(s W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. b Qualified dividends 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 2 Business income or (loss). Attach Schedulo C or C-EZ 13 Capital gain or loss). Atach Schedule D if requinad. If not required, chock her13 14 Other gains or (losses). Attach Form 4797. It you did not get a W-2, see instrucions15a IRA distributions 16a Pensions and annuities 16a 17 Rental real estate, royalties, partnerships, S corporations, trusts, eic. Atlach Schedule E 17 18 Farm income or loss). Attach Schedule F Enclose, but do not attach, any payment. please use Form 10 V. 19 unemployment compensation 20a Social security benefts 20a 21 Other income. List type and amount 22 Combine the amounts in the far right column for lines 7 through 21. This is your total income22 b Taxable amount 7 Wages, salaries, tips, elc. Attach Forms) W-2 8a Taxable interest. Attach Schedule B if requirecd Income b Tax-exempt intorest. Do not include on lino 8a 9a Ordinary dividands. Attach Schedule B if required Attach Form(s b Qualified dividends .. 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 2 Business income or (loss). Attach Schedulo C or C-EZ 13 Capital gain or loss). Atach Schedule D if requinad. If not required, chock her13 14 Other gains or (losses). Attach Form 4797 W-2G and 1099-R if tax was withheld. 12 It you did not b Taxable amount b Taxable amount see instrucions15a IRA distributions 16a Pensions and annuities 16a Rental real estate, royalties, partnerships, S corporations, trusts, elc. Attach Schedule E 17 18 17 Enclose, but do not attach, amy 9 Umployment payment. please use Form 1040-v. Farm income or loss). Attach Schedule F 20a Social security benefts 20a 21 Other income. List type and amount 22 Combine the amounts in the far right column for lines 7 b Taxable amount 21. This is your total income Adjusted23 Educator Gross 4 Certain business expenees of reeervists, performing artists, and fee-basis govemment officials. Atach Form 2108 ar 2106-EZ24 Income 25 Health savings account deduction. Attach Form 8889 26 Moving expenses. Attach Form 3903 27 Deducible part of self-emplayment ax. Attach ScheduleSE27 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction 30 Penalty on earty withdrawal of savings 31a Allmony pald b Reciplent's SSN 32 IRA deduction 33 Sbudent loan interest deduction 34 Tuition and fees. Attach Form 8917 35 Domestic production activities deduction. Attach Fom 8903 35 36 Add lines 23 through 35 37 Subtract line 36 from line 22. This is your adjusted 37 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions CanNo. 113208 Fom 1040 11) Form 1040 (2011) Page 2 38 Amount from line 37 (adjusted gross income) 39a kYou were bon bofore January 2, 1947, Blind. Total boues Credits itSpouse was bom before January 2, 1947,Blind, checked 39a If your spouse ilemizes on a separate retum or you were a dual-status alien, check her39 b 0 Iternized deductions (from Schedule A) or your standard deduction (sea left margin) People who 4 Subtract line 40 from line 38 box on% | 42 Exemptions. Multiply $3,700 by the number on linc6d 39a or 396 43 Taxable income, Subtract ine 42 from ine 41, It line 42 Is more than line 41, enter-0- who can be claimed as a 44 Tax see instructions. aeck if any from: a□ Formig) 881 4 b □ Form 4972 c□962 election 44 45 Alternative minimum tax (see instructions). Altach Form 6251 nstructions4Add lines 44 and 45 46 Al othes 47 Foreign tax credit. Attach Form 1116 If required Single or Marriad filing 48 Credit for chid and dependent care expenses. Aitach Form 2441 49 Education credits from Form 8883, line 23 48 Married filing 50 Retirement savings contributions credit. Attach Forn 8880 5 51 Child tax credit (oee instructions) 52 Residential energy credits. Attach Form 5635 Hoad of53Other credits from Forms a 3800 b8801 c O500Icld.5 Add inee 47 through 53. Theee are your total credits Other Seemployment tax. Attach Schedule SE axes 55 Subtract line 54 from line 46. If line 54 is more than line 46, enter- 57 Unreported social security and Medicare tax from Form: a 413 b8919 57 58 Additional tax on IRAs, other qualified rebirement plans, etc. Attach Form 5329 if required-58 59a Houschold employment taxes from Schedule H 59 b First-time homebuyer credit repayment. Attach Form 5405 if required 60 Other taxes. Enter code(s from instructions 61 Add ines 55 62 63 2011 estimated tx payments and amount applied from 2010 returm 84a Earned income credit (Eic) 59b 60. This is your total tax 61 Payments Federal income tax withheld from Forms W-2 and 1099 63 If you have a quaifying child, attach Schedule EIC b Nble combat pay election 64b 65 68 Addlitional child tax credit. Attach Form 8812 American opportunity credit from Form 8383, line 14. First-time homebuyer credit from Form 5405, line 10. 68 Amount paid with request for extension to file 69 Excess social security and tier 1 RRTA tax withheld 70 Credia for federal tax on fuels. Attach Form 4138 71 Credits from Fom a 2439 b[] 8839 c[Je801 d 8885 L 71 72 Add ines 62, 63, 64a, and 86 through 71. These are your total payments 72 72 Add ines 62, 63, 64a, and 66 through 71. These are your total payments 72 Refund 73 73 74a Amount of line 73 you want refunded to you. If Fom 8888 is attached, check here 74 ine 72 is more than line 61, subtract line 61 from line T2. This is the amount you overpaid Drect depositb Routing number Check Savings d Account number 5 Amount of line 73 you want 76 Amount you owe. Subtract line 72 frorn line 61. For details on how to pay, see instructions76 to your 2012 estimated tax75 You Owe77 Estimated tax Third Party Designee Deigee's Do you want to alow another person to discuss this retum with the IRS (see instructions)? Yes. Complete below. No Personal identification gn Under penalties of pejury, declare that I have eamined this retun and apcompanying schedues and statements, and to the best my knowledge and belilef they 8e true. carret omplete. Declaraton od preparer Kirer than t8xpayer) based on 비 rtormetion cf ㎡ǐ㎝ preparer has any knowledge. Here Joint setue? See Keep a copy for Your signature Spouse's signature. If a joint return, both must sign Date Print/Type preparer's name Daw Your oocupation Daytime phone number f the IPS sent you an identity Paotection PN enterit our oDnda Proparar's signature Date Paid Preparer Use Only Fim Check L EIN Firns address Form 1040 (2011 SCHEDULEA (Form 1040) Itemized Deductions OMB No. 1545-0074 2011* Department of the Treasuy nbernal Revenue Service 199 Namels) shown on Form 1040 Attach to Form 1040. ▶ See Instructions for Schedule A (Form 1040). Artachment Your social seourity number Medical and Dental Expenses Caution. Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040, line 38 2 Multiply line 2 by 7.5% (.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-0 Taxes You Paid State and local (check only one box: a Income taxes, or b General sales taxes 5 6 Real estate taxes (see instructions) 7 Personal property taxes. . 8 Other taxes, List type and amount 9 Add lines 5 through 8 Interest 10 Home mortgage interest and points reported to you on Form 1098 10 You Paid Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions Your mortgage and show that deduction may be Iimited lsee 12 Points not reported to you on Form 1098. See instructions for person's name, identifying no., and address instructions). special rules. 13 Mortgage insurance premiums (see instructions) 14 Investment interest. Attach Form 4952 if required. (See instructions.) 14 15 Add lines 10 through 14 16 Gifts by cash or check. If you made any gift of $250 or more, 13 15 Gifts to Charity see instructions. 16 If you made a 17 Other than by cash or check. If any gift of $250 or more, see gift and got a beneit for i 18 Carryover from prior year see instructions. instructions. You must attach Form 8283 if over $500 17 18 . 19 Add lines 16 through 18 19 Casualty and Theft Losses 20 Casualty or theft loss(es). Attach Form 4684. See instructions.) 20 and Theft Losses 20 or theft Attach Form 4684 20 Job Expenses 21 Unreimbursed employee expenses-job travel, union dues and Certain Miscellaneous (See instructions.) Deductions 22 Tax preparation fees job education, etc. Attach Form 2106 or 2106-EZ if required 21 23 Other expenses-investment, safe deposit box, etc. List type and amount 23 24 24 Add lines 21 through 23 25 Enter amount from Fonm 1040, line 38 25 26 Multiply line 25 by 2% (.02) 27 Subtract line 26 from line 24. If line 26 is more than line 24, enter-0 28 Other-from list in instructions. List type and amount 26 27 Miscellaneous 28 Total Itemized Deductions 30 If you elect to itemize deductions even though they are less than your standard 29 Add the amounts in the far right column for lines 4 through 28. Also, enter this amount on Form 1040, line 40 29 deduction, check here For Paperwork Reduction Act Notice, see Form 1040 instructions. Cat. No. 17145C Schedule A (Form 1040) 2011 SCHEDULE B (Form 1040A or 1040 Department of the Tressury Interest and Ordinary Dividends 2012 Attach to Form 1040A or 1040. Information about Schedule B Form 1040 A or 1040 and its instructions is at ww irs gov/formoo nte a Re en e Se vio·gg No. 08 Nameis) shown on retum Your sooial security numbor Part l 1 List name of payer. If any interest is from a seller-financed mortgage and the Amount buyer used the property as a personal residence, see instructions on back and list this interest first. Also, show that buyer's social security number and address Interest See instructions on back and the instructions for Form 1040A, or Form 1040 ine 8a.) Note. If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, ist the firm's name as the payer and enter the total interest shown on that fomm 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a Note. If line 4 is over $1,500, you must Part IlI. Amount Part II Ordinary Dividends 5 List name of payer See instructions on back and the instructions for Form 1040A, or Form 1040 ine 9a.) Note. If you received a Form 1099-DV or substitute statement from a brokerage firm, ist the firm's name as the payer and enter the ordinary dividends shown on that form. 6 Add the amounts on line 5. Enter the total here and on Form 1040A, or Form 1040, line 9a Note. If line 4 is over $1,500, you must Part III. Amount Part II Ordinary Dividends List name of payer See instructions on back and the Form 1040A, or Form 1040 ine 9a.) Note. If you received a Form 1099-DV or statement from a brokerage firm, ist the firm's name as the payer and enter the ardinary dividends shown on that form 6 Add the amounts on line 5. Enter the total here and on Form 1040A, or Form Note. If line 6 is over $1,500, you must complete Part III You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account: or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust Yes No 7a Part III Foreign Accounts and Trusts At any time during 2012, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign If "Yes," are you required to file Form TD F 90-22.1 to report that financial interest or signature authority? See Form TD F 90-22.1 and its instructions for filing requirements and exceptions to those requirements If you are required to file Form TD F 90-22.1, enter the name of the foreign country where the financial account is located During 2012, did you receive a distribution from, or were you the grantor of, or transferor to, a b 8 trust? If "Yes, u may have to file Form 3520. See instructions on back For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Schedule B (Fom 1040A or 10401 2012 2441 Child and Dependent Care Expenses OMB No, 1545-0074 Form 040A 2012 Attach to Form 1040, Form 1040A, or Form 1040NR. 040N 2441 Department of the Treasury ntemal Revenue Service 99) Information about Form 2441 and its separate instructions is at www.irs.gov/form2441 Sequence Mo.21 Names) shown on return Your social security number Part l or ations Who the -You must complete this part. u have more than two care providers, see the instructions.) 1 )Care pravider's Address (d Amount paid see instructions) number, street, apt. no., dity, state, and ZP code) (SSN or EIN Did you receive dependent care benefits? NoComplete only Part II below Yes Complete Part Ill on the back next. Caution. If the care was provided in your home, you may owe employment taxes. If you do, you cannot file Form 1040A. For detals, see the instructions for Form 1040, line 59a, or Form 1040NR, line 58a Part II Cred t for Child 2 Information about If you have more than two see the instructions (c) Qualified expenses you b Qualifying person's social security ณ.mber incumed and paid in 2012 for the listed in cour 3 Add the amounts in column (c) of line 2. Do not enter more than $3,000 for one qualifying person or $6,000 for two or more persons. If you completed Part III, enter the amount from line 31 4 Enter your earned income. See instructions 5 If married filing jointly, enter your spouse's earned income (if your spouse was a student or was disabled, see the instructions); all others, enter the amount from line 4 5 6 Enter the smallest of line 3, 4, or 5 7 Enter the amount from Form 1040, ine 1040A, line 22; or Form 104ONR, line 37 38; Form 7 Enter the amount from Form 1040, line 38; Form 10404, Enter on line 8 the decimal amount shown below that applies to the amount on line 7 line 22; or Form 1040NR, line 37 8 If line 7 is f line 7 is: But not Decimal amount is But not Decimal amount is 27 26 25 24 23 Over over Over over $0-15,000 15,000-17,000 7,000-19,000 19,000-21,000 21,000-23,000 23,000-25,000 25,000-27,000 27,000-29,000 S23,000-31,000 31,000-33,000 33,000-35,000 35,000-37,000 37,000-39,000 39,000-41,000 41,000-43,000 43,000-No limit х. 32 31 30 21 20 28 Multiply line 6 by the decimal amount on line 8. If you paid 2011 expenses in 2012, see the instructions . 10 Tax liability limit. Enter the amount from the Gredit 11 Credit for child and dependent care expenses. Enter the smaller of line 9 or line 10 For Paperwork Reduction Act Notice, see your tax return instructions. Limit Worksheet in the instructions. .. 10 here and on Form 1040, line 48; Form 1040A, line 29; or Fom 1040NR, line 46 Cat. No. 11862M Form 2441 (2012 1040s. Individual Inome Txr 2 154:37 OMB No. 1545-0074 IRS Use Ony-Do nol wrie or saple in thia space. For the year Jan.1-Doc. 31, 2011, orother tax yoar beginning 2011, anding first name and initial Your social security number joint retum addrasa inumber and at Make sure the SSN%) above and on line 8c are carrect Presidential Election Campaign here ityou, or your spouse H ing postsl code a baxbelow vill not change your ta or or post offca, atate, and 2P code If you have a foreign address, aso complate speces below isee instructions) oindy, want $3 to go to this fund. Chocking country rame ou8peuse 4 ם Head of household (With qualfying person.S00 instructions.'" tha qualifying parson ia a child but not your depandant, enter this Filing Status 1 Single Married fling jointly (even if only one had income) Check only one 3Married fling separately. Enter spouse's SSN above child's nane hare. Qualtying widowlar) with dependent chid and full name here. Exemptions 6a Yourself. If someone can claim you as a dopendent, do not check box 6a Boxes checked On 6a and 6b c Dependents lived with you social security numbe -- you due 1o dvoree It more than four dependents, see nstructions and heck here Add numbarg on above d Total number of 7 Wages, salaries, tips, elc. Attach Forms) W-2 8a Taxable interest. Atach Schedule B if requirecd claimed Income b Tax-exempt intorest. Do not include on lino 8a 9a Ordinary dividands. Attach Schedule B if required Bb Attach Form(s W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. b Qualified dividends 10 Taxable refunds, credits, or offsets of state and local income taxes 11 Alimony received 2 Business income or (loss). Attach Schedulo C or C-EZ 13 Capital gain or loss). Atach Schedule D if requinad. If not required, chock her13 14 Other gains or (losses). Attach Form 4797. 15a 9b 10 If you did not get a W-2, see instructions. 14 15b 16b IRA distributions b Taxable amount b Taxable amount 16a Pensions and annuities 16a 17 Rental real estate, royalties, partnerships, S corporations, trusts, elc. Attach Schedule E 17 18 Enclose, but do not attach, any payment. please use Form 1040-v. 18 Farm income or loss). Attach Schedule F unemployment compensation 19 19 20a Social security benefts 20a 21 Other income. List type and amount 22 Combine the amounts in the far right column for lines 7 through 21. This is your total income22 b Taxable amount 21 22 Combine the amounts in thefar right colunn for lines 7 21. This is your total income Adjusted2 Eaucalor Gross 4 Certain business expenees of reeervists, performing artists, and fee-basis govemment officials. Atach Form 2108 ar 2106-EZ24 Income 25 Health savings account deduction. Attach Form 8889 26 Moving expenses. Attach Form 3903 27 Deductble part of self-employment tax. Attach ScheduleSE 27 28 Self-employed SEP, SIMPLE, and qualified plans 29 Self-employed health insurance deduction 30 Penalty on earty withdrawal of savings 31a Allmony pald b Reciplent's SSN 32 IRA deduction 33 Sbudent loan interest deduction 34 Tuition and fees. Attach Form 8917 35 Domestic production activities deduction. Attach Fom 8903 35 36 Add lines 23 through 35 37 Subtract line 36 from line 22. This is your adjusted 36 37 For Disclosure, Privacy Act, and Paperwerk Reduction Act Notice, see separate inetructions CanNo. 113208 Fom 1040 11) Form 1040 (2011) Page 2 38 Amount from line 37 (adjusted gross income) 39a kYou were bon bofore January 2, 1947, Blind. Total boues 39 Tax and Credits Spouse was bom before January 2,1947, Blind. I checked 39a b Ifyour spouse ilemizes on a separate retum or you were a dual-status aien, checke390 0 Iternized deductions (from Schedule A) or your standard deduction (sea left margin) People who 4 Subtract line 40 from line 38 check any box on ire42 Exemptions. Multiply $3,700 by the number on line Ed 39a or 396 43 Taxable income, Subtract ine 42 from ine 41, It line 42 Is more than line 41, enter-0- who can be claimed as a 44ax (see instructionst Check if any fromFormis) 8814 b Form 4972962 electin44 45 Alternative minimum tax (see instructions). Altach Form 6251 nstructions46 Add lines 44 and 45 Al others 46 47 Foreign tax credit. Attach Form 1116 If required Single or Marriad filing 48 Credit for chid and dependent care expenses. Aitach Form 2441 49 Education credits from Form 8883, line 23 48 Married filing 50 Retirement savings contributions credit. Attach Forn 8880 5 51 Child tax credit (oee instructions) 52 Residential energy credits. Attach Form 5635 $11,600 Hoad of household.54 Add linee 47 through 53. 53 Other credits from Form a 3800 b 8801 c 53. Theee are your total credits 55 Subtract line 54 from line 46. If line 54 is more than line 46, enter- Other Semplayment tax. Atach Schedule SE Taxes 57 Unreported social security and Medicare tax from Form: a4137 b8919 58 Additional tax on IRAs, other qualified rebirement plans, etc. Attach Form 5329 if required 59a Houschold employment taxes from Schedule H .59a b First-time homebuyer credit repayment. Attach Form 5405 if required 60 Other taxes. Enter code(s from instructions 61 Add ines 55 62 63 2011 estimated tax payments and amount applied from 2010 return 63 64a Earned income credit(EC) 60. This is your total tax 61 Payments Federal income tax withheld from Forms W-2 and 1099 If you have a quaifying child, attach Schedule EIC 65 Additional child tax credit. Altach Form 8812 b Nble combat pay election 64b 00 American opportunity credit from Form 8863, line 14 First-time homebuyer credit from Form 5405, line 10 . 68 Amount paid with request for extension to file 69 Excess social security and tier 1 RRTA tax withheld 70 Credia for federal tax on fuels. Attach Form 4138 71 Credits from Fom a 2439 b[] 8839 c[Je801 d 8885 L 71 72 Add ines 62, 63, 64a, and 86 through 71. These are your total payments 72 Refund 73 ine 72 is more than line 61, subtract line 61 from line T2. This is the amount you overpaid 74a Amount of line 73 you want refunded to you. If Fom 8888 is attached, check here 74 73 Refund 73 ne 72 is more than line 61, subtract line 61 from line T2. This is the amount you overpaid 73 74a Amount of line 73 you want refunded to you. If Fom 8888 is attached, check here 74 Direct deposi?b Routing number Check Savings d Account number 5 Amount of line 73 you want nstrucscone to your 2012 estimated tax 76 Amount you owe. Subtract line 72 frorn line 61. For details on how to pay, see instructions76 75 You Owe77 Estimated tax Third Party Designee Deigee's Do you want to alow another person to discuss this retum with the IRS (see instructions)? Yes. Complete below. No Personal identification gn Under penalties of pejury, declare that I have eamined this retun and apcompanying schedues and statements, and to the best my knowledge and belilef they 8 e true. carret omplete. Declaraton od preparer Kirer than t8xpayer)鴪based on 비 rformetion cf ㎡.㎝ preparer has any knowledge. Here Joint setue? See Keep a copy for Your signature Date Your oocupation Daytime phone number Spouse's signature. If a joint return, both must sign Date f the IPS sent you an identity Paotection PN enterit our oDnda Print/Type pmparer's name Proparar's signature Date Paid Preparer Use Only Fim Check L Firns address Form 1040 (2011 SCHEDULEA (Form 1040) Itemized Deductions OMB No. 1545-0074 2011* Department of the Treasury htemal Revenue Service/94) Namels) shown on Form 1040 Attach to Form 1040. ▶ See Instructions for Schedule A (Form 1040). Artachment Sequence No. 07 Your social seourity number Medical and Dental Expenses Caution. Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Fonm 1040, line 38 2 3 Multiply line 2 by 7.5% (.075) 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-0 Taxes You Paid State and local (check only one boxj: Income taxes, or General sales taxes a 6 Real estate taxes (see instructions) 7 Personal property taxes 8 Other taxes. List type and amount . . 9 10 11 Add lines 5 through 8 Home mortgage interest and points reported to you on Form 1098 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions Interest You Paid 10 Your mortgage and show that deduction may be Iimited lsee 12 Points not reported to you on Form 1098. See instructions for person's name, identifying no., and address instructions). special rules. 13 Mortgage insurance premiums (see instructions). - 14 Investment interest. Attach Form 4952 if required. (See instructions.) 14 15 Add lines 10 through 14 16 Gifts by cash or check. If you made any gift of $250 or more, 13 15 2 Gifts to Charity see instructions 16 If you made a 17 Other than by cash or check. If any gift of $250 or more, see gift and got a benefit for i 18 Carryover from prior year see instructions. instructions. You must attach Form 8283 if over $500 17 18 19 Add lines 16 through 18 19 Casualty and Gifts to Charity 16 Gifts by cash or check. If you made any gift of $250 or more, see instructions 16 If you made a 17 Other than by cash or check. If any gift of $250 or more, see gift and got a benefit for i, 18 Carryover from prior year see instructions. 19 Add lines 16 instructions. You must attach Form 8283 if over $500 17 18 18 19 Theft Losses 20 ty or theft loss(es), Attach Form 4684 20 Job Expenses 21 Unreimbursed employee expenses-job travel, union dues and Certain Miscellaneous (See instructions.) Deductions 22 Tax preparation fees job education, etc. Attach Form 2106 or 2106-EZ if required 21 23 Other expenses-investment, safe deposit box, etc. List type and amount 23 24 25 Enter amount from Fonm 1040, line 38 25 26 Multiply line 25 by 296 (02) 27 Subtract line 26 from line 24. If line 26 is more than line 24, enter-0 26 27 28 Other-from list in instructions. List type and amount Miscellaneous 28 Total Itemized Deductions 30 If you elect to itemize deductions even though they are less than your standard 29 Add the amounts in the far right column for lines 4 through 28. Also, enter this amount on Form 1040, line 40 29 deduction, check here For Paperwork Reduction Act Notice, see Form 1040 instructions. Cat. No. 17145C Schedule A (Form 1040) 2011 The 2012 version of this form was not available as we went to press. Please check the İRS web site (www.irs.gov) for updates. Gifts to Charity 16 Gifts by cash or check. If you made any gift of $250 or more, see instructions 16 If you made a 17 Other than by cash or check. If any gift of $250 or more, see gift and got a benefit for i, 18 Carryover from prior year see instructions. 19 Add lines 16 instructions. You must attach Form 8283 if over $500 17 18 18 19 Theft Losses 20 ty or theft loss(es), Attach Form 4684 20 Job Expenses 21 Unreimbursed employee expenses-job travel, union dues and Certain Miscellaneous (See instructions.) Deductions 22 Tax preparation fees job education, etc. Attach Form 2106 or 2106-EZ if required 21 23 Other expenses-investment, safe deposit box, etc. List type and amount 23 24 25 Enter amount from Fonm 1040, line 38 25 26 Multiply line 25 by 296 (02) 27 Subtract line 26 from line 24. If line 26 is more than line 24, enter-0 26 27 28 Other-from list in instructions. List type and amount Miscellaneous 28 Total Itemized Deductions 30 If you elect to itemize deductions even though they are less than your standard 29 Add the amounts in the far right column for lines 4 through 28. Also, enter this amount on Form 1040, line 40 29 deduction, check here For Paperwork Reduction Act Notice, see Form 1040 instructions. Cat. No. 17145C Schedule A (Form 1040) 2011 The 2012 version of this form was not available as we went to press. Please check the İRS web site (www.irs.gov) for updates. SCHEDULE B (Form 1040A or 1040 Department of the Tressury Interest and Ordinary Dividends 2012 Attach to Form 1040A or 1040. Internal Revenue Service Information about Schedule B (Form 1040A or 1040) and its instructions is at www.irs.govform 1040 Nameis) shown on retum No. 08 Your sooial security numbor Part l 1 List name of payer. If any interest is from a seller-financed mortgage and the Amount buyer used the property as a personal residence, see instructions on back and list this interest first. Also, show that buyer's social security number and address Interest See instructions on back and the instructions for Form 1040A, or Form 1040 ine 8a.) Note. If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, ist the firm's name as the payer and enter the total interest shown on that fomm 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a Note. If line 4 is over $1,500, you must complete Part Amount Note. If line 4 is over $1,500, you must Part III. Part II Ordinary Dividends 5 List name of payer See instructions on back and the Form 1040A, or Form 1040 ine 9a.) Note. If you received a Form 1099-DV or statement from ist the firm's name as the payer and enter the ardinary dividends shown on that form 6 Add the amounts on line 5. Enter the total here and on Form 1040A, or Form Part IIl Note. If line 6 is over $1,500, you must c You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account: or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust Yes No 7a At any time during 2012, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign Part III Foreign Accounts and Trusts If "Yes," are you required to file Form TD F 90-22.1 to report that financial interest or signature authority? See Form TD F 90-22.1 and its instructions for filing requirements and exceptions to those requirements If you are required to file Form TD F 90-22.1, enter the name of the foreign country where the financial account is located During 2012, did you receive a distribution from, or were you the grantor of, or transferor to, a b 8 u may have to file Form 3520. See instructions on back For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Schedule B (Fom 1040A or 10401 2012 Alternative Minimum Tax-Individuals OMB No. 1545-00T form 6251 2011 Depariment of the Treaoury Intemal Rovenua Servica (59 Attach to Form 1040 or Form 1040NR Nameal shown on Form 1040 or Fom 1040NR Your social secaarity number Part I Alternative Minimum Taxable Income instructions for how to e each line 1 If filing Schedule A (Form 1040), enter the amount fron Form 1040, line 41, and go to line 2. Otherwise, enter the amount from Form 1040, line 38, and go to line 7, (If less than zero, enter as a negative amount. 2 Medical and dental. Enter the smaller of Schedule A Form 1040), line 4, or 2.5% (.025) of Form 1040, line 38. It zero or less, enter-0- 3 Taxes from Schedule A (Form 1040), line 9 4 Enter the home mortgage interest adjustment, i any, from line 6 of the worksheet in the instructions for this line4 5 Miscellaneous deductions from Schedule A (Form 1040), line 27-.... -.. 5 6 Skip this line. It is reserved for future use 7 Tax refund from Form 1040, line 10 or line 21 8 Investment interest expense (difference between regular tax and AMT 10 Net operating loss deduction from Form 1040, line 21. Enter as a positive amount 11 Alternative tax net operating loss deduction 12 Interest from specified private activity bonds exempt from the regular tax 13 qualified small business stock (7% of gain excluded under section 1202) 14 Exercise of incentive stock options (excess of AMT income over regular tax income) 15 Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A) 16 Electing large partnerships (amount from Schedule K-1 (Form 1065-B), box 6 17 Disposition of property (difterenoa between AMT and regular tax gain or loss) 18 Depreciation on assets placed in service after 1988 (difference between regular tax and AMT 19 Passive activities idifference between AMT and rogular tax income or loss 20 Loss limitations (difference between AMT and regular tax income or loss) 21 Circulation costs (difference between regular tax and AMT 22 Long-terrn contracts (difference between AMT and regular tax income) 23 Mining costs (difference between regular tax and AMT) 24 Research and experimerital costs (ditierence between regular tax and AMT 25 Income from certain installment sales before January 1, 1987 28 Intangible driling costs preference 27 Other adjustments, including income-based related adjustments 28 Alternative minimum taxable income. Combine lines 1 through 27. (If maried filing separately and line 28 is .12 more than $223,900, see instructions 17 Disposition of property (difterenoa between AMT and regular tax gain or loss) 18 Depreciation on assets placed in service after 1986 (difference between regular tax and AMT 19 Passive activities idifference between AMT and rogular tax income or loss 20 Loss limitations (difference between AMT and regular tax income or loss) 21 Circulation costs (difference between regular tax and AMT 22 Long-terrn contracts (difference between AMT and regular tax income) 23 Mining costs (difference between regular tax and AMT) 24 Research and experimerital costs (ditierence between regular tax and AMT 25 Income from certain installment sales before January 1, 1987 28 Intangible driling costs preference 27 Other adjustments, including income-based related adjustments 28 Alternative minimum taxable income. Combine lines 1 through 27. (If maried filing separately and line 28 is more than $223,900, see instructions Part II Alternative Minimum Tax 29 Exemption. (lf you were under age 24 at the end of 2011, see instructions.) IF your filing status is... Single or head of household Married filing jointly or qualifying widowfer) Married Siing separately If ine 28 is over the amount shown above for your filing status, see instructions Subtract line 29 from line 28, tf more than zero, go to line 31·lf zero or less, enter-O. here and on lines 31, 33. and 35, and go to line 34 AND line 28 is not over.THEN enter on line 29..* $50,600 78,750 29 30 31 If you are filing Form 2655 or 2565-EZ, see instructions for the amount to enter . If you reported capital gain distribubions directly on Farm 1040, line 13 you reparted qualiied dividands on Form 1040, ine 9b; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) as religured 31 for the AMT, if necessary), complete Part Ill on the back and enter the amount fron ine 54 here *Al others if ina 30 is $17500) or less ($87,500 orlessifmarried fing geparateM,multiply Ina 30 by 26%(26. 32 33 Otherwse, multiply Ine 30 by 26% (20 and Bubtract $3.500 SI ,7501 memed fing separately] bom the reeut. Alternative minimum tax foreign tax credit (see instructions) Tentative minimum tax, Subtract line 32 from line 31 34 Tax from Form 1040, line 44 (minus any tax from Form 4972 and any fareign tax credit fram Fom 1040, line 47], If you used Schedule J to figure your tax, the amount from line 44 of Form 1040 must be refigured without using Schedule J (see instructions) AMT, Subtract ine 34 from line 33. If zero or les8, enter-0-, Enter here and on Fomm 1040, Ine 45 35 For Paperwork Reduction Act Notice, see your tax return instructions. Form 6251 2011 Form 6251 (2011) Part III Page ax on Complete Part IlIl only if you are required to do so by line 31 or by the Foreign Eamed Income Tax Worksheet in the instructions. 36 Enter the amount from Form 6251, ine 30. If you are fiing Form 2555 or 2555-Ez, enter the amount from line 3 of the worksheet in the Instructions for this ine 37 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44, or the amount from line 13 of the Schedule D Tax Worksheet in the instructions for Schedule D (Form 1040 whichever applies (as refigured for the AMT, if necessary) (see instructions). If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter 37 38 Enter the amount from Schedule D (Form 1040), line 19 (as refigured for the AMT,f necessary) see instructions) If you are filing Form 2555 or 2555-EZ, se0 nstructions for the amount to enter 38 39 If you did not complete a Schedule D Tax Worksheet for the regular tax or the AMT, enter the amount from line 37. Otherwise, add lines 37 and 38, and enter the smaller of that result or the amount from line 10 of the Schedule D Tax Worksheet (as refigured for the AMT, if necessary). If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter Enter the smaller of line 36 or line 39 40 40 41 Subtract line 40 from line 36 41 42 tf line 41 is multiply line 41 by 28% (28) and subtract $3,500 ($1,750 if married fling separately) from the result 175,000 or less ($87,500 or less if married filing separately. m ultiply line 41 by 26% (26). Otherwise, 43 Enter: $89,000 if married filing jointly or qualifying widower), $34,500 if single or marriad filing separately, or .$46,250 if head of household 4 Enter the amount from Ine 7 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, ine 44, or the amount from line 14 of the Schedule D Tax Worksheet in the instructions for Schedule D (Form 1040 whichever applies (as figured for the regular tax), If you did not complete either worksheet for the regular tax, enter-0- 45 Subtract ine 44 from line 43. If zero or less, enter-0- . 45 46 Enter the smaller of line 36 or line 37 7 Enter the smaller of line 45 or line 46 47 48 Subtract line 47 from line 46..... 48 49 Multiply line 48 by 15% (.15) 49