Accounting Mark (DOB 02/02/1950) and Barbara (DOB 04/03/1957) Matthews, are married and file jointly. Mark is retired. Barbara is a part INTERVIEW NOTES 1. They tell you in the interview that they have $800 of bingo winnings (no W-2G required to be issued) but a 4. Mark retired and began receiving retirement income on March 1, 2017. No distributions were

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Accounting Mark (DOB 02/02/1950) and Barbara (DOB 04/03/1957) Matthews, are married and file jointly. Mark is retired. Barbara is a part INTERVIEW NOTES 1. They tell you in the interview that they have $800 of bingo winnings (no W-2G required to be issued) but a 4. Mark retired and began receiving retirement income on March 1, 2017. No distributions were received prior to his retiremen Von the IRS website de filegedie Employees to a number 310-00-XXXX Elyor identication number EN 40-000XXXX C Emers name, add 2019 CORRECTED if checked PAYERS nama, street address, city or town, state or province, t Gross distribution CMB No 1545-011 ABC INVESTMENTS 456 Pima Plaza Your City, YS ZIP 2019 TAX REPORTING STATEMENT Mark and Barbara Malthews 742 Red Rooster Road ABC INVESTMENTS 456 Puma Plaza Your City, YS ZIP 2019 TAX REPORTING STATEMENT Mark and Barbara Matthews 742 Red Rooster Road 2019 CORRECTED if checked) PAYER nama, trost sens, city or town, starte or pronon, country.ZIP Payers ATN optional OMG No. 1 Based on the interview notes and the documents below, answer the following items relative to their 2019 Form 1040. If the amount is negative, put a minus (-) before the number. If the amount is zero, write 0. Numbers: Wages, salaries, tips, etc. $__________ Taxable interest $__________ Taxable dividends $__________ Business income or (deductible loss) $__________ Capital gain or (deductible loss) $__________ Taxable IRA distribution $__________ Taxable pension distribution $__________ Rental real estate income or (deductible loss) $__________ Taxable social security benefits $__________ Taxable other income $__________ Qualified business income (QBI) deduction $__________ Federal income tax withheld $__________ Foreign tax credit $__________ What is the rate on their qualified dividends? __________ IS Barbara’s business a specified service trade/business (SSTB) __________ Answer Skip Exit
Related Book For  answer-question

Federal Tax Research

10th edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

ISBN: 9781285439396