Additional Comprehensive Tax Return Problems 9. The Arcs paid Ohio general sales tax of $1,076 during the year. Required: You are to prepare the Arcs' federal income tax return in good form, signing the return as the preparer. Do not complete an Ohio state income tax return. Make realistic assumptions about any missing data that you may need. The following forms and schedules are required: 11/2/23, 12:34 AM Form 1040 Schedule E Schedule 1 Schedule SE Schedule 2 Form 2441 Schedule 3 Form 4562 Schedule A Schedule 8812 Schedule B Form 8995 Schedule C Qualified Dividends and Capital Gain Tax Schedule D Worksheet ROUNDUP DAY CARE CENTER 245 N. WILKINSON STREET DAYTON, OH 45402 January 12, 2023 Joan and Noah Arc 1265 W. Riverview Avenue Dayton, OH 45402 Dear Joan and Noah, Thank you for a great 2022 at Roundup! We appreciate your patronage during the year and hope to continue to provide excellent service for Nora in 2023. We have provided the tax information for calendar year 2022 below. Please let us know if you need any additional information. Sincerely, Charles F..Burgundian Charles F. Burgundian Executive Director, Roundup Day Care EIN 54-0983456 Date of service January 1, 2022-December 31, 2022 Revenue: Gross Sales Amount Paid $7,000.00 Child Nora Arc The Arc 95-9876556 Income Statement For the Year Ended December 31, 2022 Less: Sales Returns and Allowances Net Sales Cost of Goods Sold: Beginning Inventory Add: Purchases Less: Ending Inventory Cost of Goods Sold 150,000.00 150,000.00 11,000.00 66,000.00 77,000.00 10,000.00 67,000.00 83,000.00 Gross Profit (Loss) Expenses: Dues and Subscriptions Estimated Federal Tax Payments 4,000.00 Estimated State Tax Payments 3,800.00 Insurance 4,000.00 Meals and Entertainment 1,600.00 Miscellaneous 300.00 Payroll Taxes 4,000.00 Professional Fees Rent Travel Utilities Vehicle Expenses Wages Total Expenses Net Operating Income 1,800.00 8,500.00 1,300.00 1,500.00 25,000.00 55,800.00 $ 27,200.00 SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Additional Income and Adjustments to Income Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form 1040 for instructions and the latest information. Name(s) shown on Form 1040, 1040-SR, or 1040-NR Part I Additional Income sets of s 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received OMB No. 1545-0074 22 Attachment Sequence No. 01 Your social security number ASO b Date of original divorce or separation agreement (see instructions): Business income or (loss). Attach Schedule C. 1 2a 3 3 4 Other gains or (losses). Attach Form 4797 4 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 6 7 6 7 8 Other income: Farm income or (loss). Attach Schedule F. Unemployment compensation. a Net operating loss b Gambling c Cancellation of debt Y:27 d Foreign earned income exclusion from Form 2555 BO NOT e Income from Form 8853 f Income from Form 8889 g Alaska Permanent Fund dividends h Jury duty pay. i Prizes and awards j Activity not engaged in for profit income 2022 8a 8b 8c FLE 8d 8e 8f 8g 8h 8i 8j k Stock options. 8k I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property. 81 Im Olympic and Paralympic medals and USOC prize money (see instructions) 8m In Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461() excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) 8n 80 8p 8q r Scholarship and fellowship grants not reported on Form W-2 8r s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d. 8s t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan 8t u Wages earned while incarcerated 8u z Other income. List type and amount: 8z 9 Total other income. Add lines 8a through 8z. 9 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 10 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040) 2022