6 52 PM Wed Oct 5 1040 Tax Project Fall 1 2022 copy Home Insert Draw Layout Review View Times New Roman 12 BI U aA ACCT 3221 Income Tax Project Fall 1, 2022 Tax Project Based on the information provided below, complete a 2020 Form 1040 and any supporting schedules forms for Bob and Melissa Grant A Kentucky state income tax return is not required You should complete this tax return manually using the forms available from the IRS website, www irs gov You may not use software to assist in preparing the forms You may find the form instructions helpful in completing this assignment Please provide a list of assumptions you make, if any Your project will be graded subject to any reasonable assumptions listed You do not need to calculate AMT The 1040 and all supporting documents are to be typed, neat, and professional One hundred points are assigned to this project Due Date Project is due no later than October 6, at 11 59 pm You are to work on this assignment individually Working on this assignment or discussing it with others is not permitted Please include your name in the paid preparer's box of the 1040 Attach a cover letter summarizing the return, such as refund, tax owed, average and effective tax rates Bob and Melissa Grant are married and live in Lexington, Kentucky The Grants have three children Robert (age 23, college student), Jared (age 16), and Judy (age 3) The Grants would like to file a joint tax return for the year The following information relates to the Grant's tax year Bob's Social Security number is 987 45 1234 Melissa's Social Security number is 494 37 4883 Robert's Social Security number is 412 32 4690 Jared's Social Security number is 412 32 5690 Judy's Social Security number is 412 32 7690 The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 Robert, Jared, and Judy are tax dependents for federal tax purposes Bob Grant received the following during the year Employer Gross Wages National Storage $60,000 Lexington Little League $5,500 Federal Income Tax Withholding $14,000 0 State Income Tax Withholding $3,000 0 v 100 4

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Question: 6:52 PM Wed Oct 5 <1040 Tax Project Fall 1 2022 copy Home Insert Draw Layout Review View Times New Roman 12 BI U

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