Chad Everhart, age 56, is a geologist living in Bozeman, MT. His address is 426 Ridgetop...
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Chad Everhart, age 56, is a geologist living in Bozeman, MT. His address is 426 Ridgetop Road, Bozeman, MT, 59717. Chad's social security number is 123-45-6789, and he works as a geologist for the Roughstock Mining Co., also located in Bozeman. Chad received a 2022 form W-2 reporting his earnings and withholdings from his employer. Although Chad is currently single, he was formerly married to Dena Everhart, and together they have two teenage children. Chad & Dena's divorce was finalized in 2018 (see exhibits for settlement agreement). In addition to his work as a geologist, in 2021, Chad and four of his business colleagues decided to form an oil and gas limited partnership. Chad invested $100,000 cash, along with a piece of equipment, for a 20% interest in the partnership. At the time of the investment, the property contributed had a fair market value of $50,000 and an adjusted basis of $20,000. The partnership has five owners, and Chad does not materially participate in the business, contributing about 200 hours per year to the operations. In 2021, the business had no recourse debt. The business had an operating loss of $10,000, resulting in a $2,000 passive loss for Chad. (See Chad's 2021 K-1 from Five-Guys from MT.) For 2022, the business had $40,000 in operating income. (See Chad's 2022 K-1 from Five-Guys from MT.) Chad incurred a net operating loss in 2021 of $13,450 which he is carrying forward to 2022. In addition, Chad has provided a list of medical expenses he's incurred for 2022, a mortgage interest statement from Go Prime Mortgage, Inc., detailing the amount of interest paid in 2022, and a 2022 property tax bill from the Gallatin County Assessor's office for his home which he has paid (see exhibits). Included in his list of medical expenses is a stair lift installation that his doctor prescribed. The increase in the fair market value of the home due to the installation was $12,000. He also made charitable contributions to Fresh Life Church in Bozeman, for $6,500 and donated $5,000 to Black Dog Haven, a local, for-profit shelter, and gave $500 to a needy family in Bozeman. Chad has asked you to complete his tax return for the year 2022. Prepare Form 1040 page 1 and Schedule 1, Schedule A, and Schedule E page 2. We use 2021 tax forms because 2022 tax forms are not available at the time of publication. Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service 1 / 2021 ending Partner's Share of Income, Deductions, Credits, etc. Part I Information About the Partnership A Partnership's employer identification number 92-5147892 B Partnership's name, address, city, state, and ZIP code Five Guys from MT PO Box 567 Bozeman, MT 59715 C IRS center where partnership filed return ► D beginning Chad Everhart 426 Ridgetop Road Bozeman, MT 59717 G X General partner or LLC member-manager H1 H2 11 12 J E Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.) 123-45-6789 F Name, address, city, state, and ZIP code for partner entered in E. See instructions. L Check if this is a publicly traded partnership (PTP) Part II Information About the Partner M ► See back of form and separate instructions. N 2021 For calendar year 2021, or tax year 1 / X Domestic partner Foreign partner If the partner is a disregarded entity (DE), enter the partner's: Profit Loss Capital Check decrease is due to sale or exchange of partnership interest K Partner's share of liabilities: Nonrecourse TIN Name What type of entity is this partner? Individual If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Partner's share of profit, loss, and capital (see instructions): Beginning Ending Qualified nonrecourse financing Recourse $ 0% 0% 0% Limited partner or other LLC member Beginning . $ $ $ $ $ Check this box if Item K includes liability amounts from lower tier partnerships ► Partner's Capital Account Analysis Beginning capital account $ Capital contributed during the year $ Current year net income (loss). $ Other increase (decrease) (attach explanation) $ Withdrawals and distributions. $( $ Ending capital account Ending $ $ 20 % 20% 20% Did the partner contribute property with a built-in gain (loss)? Yes No No If "Yes," attach statement. See instructions. Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss) Beginning. Ending. For Paperwork Reduction Act Notice, see the Instructions for Form 1065. 0 120,000 (2,000) 118,000 Final K-1 Amended K-1 Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Ordinary business income (loss) (2,000) 2 Net rental real estate income (loss) 1 3 4a Guaranteed payments for services 4b 4c 5 Other net rental income (loss) Guaranteed payments for capital Total guaranteed payments 6a Ordinary dividends Interest income 6b Qualified dividends 6c Dividend equivalents 7 Royalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss) 11 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) For IRS Use Only Other income (loss) 12 Section 179 deduction 13 Other deductions www.irs.gov/Form1065 Cat. No. 11394R 14 Self-employment earnings (loss) 15 16 651121 OMB No. 1545-0123 Credits Schedule K-3 is attached if checked. 17 Alternative minimum tax (AMT) items 19 18 Tax-exempt income and nondeductible expenses Distributions 22 More than one activity for at-risk purposes" 23 More than one activity for passive activity purposes* *See attached statement for additional information. 20 Other information 21 Foreign taxes paid or accrued Schedule K-1 (Form 1065) 2021 RECIPIENT'S/LENDER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. Go Prime Mortgage Inc. 2015 Charlotte Street Bozeman, MT 59718 RECIPIENT'S/LENDER'S TIN 91-1472581 PAYER'S/BORROWER'S name Chad Everhart Street address (including apt. no.) 426 Ridgetop Road Bozeman, MT 59717 9 Number of properties securing the 10 Other mortgage 1 Account number (see instructions) CORRECTED (if checked) PAYER'S/BORROWER'S TIN own, state. province, country, and ZIP or eign postal code Form 1098 (Rev. 1-2022) 123-45-6789 (Keep for your records) *Caution: The amount shown may OMB No. 1545-1380 Form 1098 not be fully deductible by you. Limits based on the loan amount and the cost and value of the secured property may apply. Also, you may only deduct interest to the extent it was incurred by you, actually paid by you, and not reimbursed by another person. (Rev. January 2022) For calendar year 20 22 1 Mortgage interest received from payer(s)/borrower(s)* $ 2 Outstanding mortgage principal $ 4 Refund of overpaid interest 416,187 18,135 3 Mortgage origination date 11/1/2017 5 Mortgage insurance premiums $ $ 6 Points paid on purchase of principal residence $ 7 If address of property securing mortgage is the same as PAYER'S/BORROWER'S address, the box is checked, or the address or description is entered in box 8. 8 Address or description of property securing mortgage Mortgage Interest Statement Copy B For Payer/ Borrower The information in boxes 1 through 9 and 11 is important tax information and is being furnished to the IRS. If you are required to file a return, a a negligence penalty or other sanction may be imposed on you i the IRS determines that an underpayment of tax results because you overstated a deduction for this mortgage interest or for these points, reported in boxes 1 and 6; or because you didn't report the refund of interest (box 4); or because you claimed a nondeductible item. 11 Mortgage acquisition date www.irs.gov/Form1098 Department of the Treasury - Internal Revenue Service GALLATIN COUNTY ASSESSOR'S OFFICE PROPERTY TAX BILL DUE JUNE 30, 2022 Location of Property: 427 Ridgetop Road, Gallatin County Bozeman, MT 59718 Owner of Record: Estimated FMV: Taxes Due: Chad Everhart $715,725 $12,040 IN THE CIRCUIT COURT OF THE FIFTH JUDICIAL CIRCUIT, IN AND FOR Bozeman, MT Division: 131 March 10, 2018 Dena Kay Everhart, Petitioner and Chad Everhart, Respondent MARITAL SETTLEMENT AGREEMENT Dena Kay Everhart of 1945 Longneck Lane, Bozeman, MT, 59716, born March 15, 1972, and Chad Everhart of 426 Ridgetop Road, Bozeman, MT, 59717, born October 12, 1966, being sworn do hereby state the following statements are true and correct. This Agreement serves as a full and final settlement all matters arising from the dissolution of their marriage, including division of all property rights, debts, spousal support, child custody, visitation, and child support. The parties agree this Agreement contains a fair, just, and equitable division of property, and subject to court approval agree as follows: 1. 2. 3. 4. Case No.: 46 5. 6. JURISDICTION. Dena Kay Everhart and Chad Everhart have resided in Gallatin County for at least six (6 months) before the petition in the above-entitled action was filed which satisfies Montana's residency requirements. ARMED FORCES. Neither party is a member of the armed forces. MARRIAGE DATE. The parties were married to each other on March 05, 1996 in Bozeman, MT, and 2 children were born to this marriage. The minor children of the marriage are as follows: Son, age 15 and Daughter, age 13 The parties are not currently expecting any children. SEPARATION DATE. The parties' date of physical separation is Jan. 2, 2018. CAUSE OF DISSOLUTION. The parties acknowledge that the marriage has been irretrievably broken due to irreconcilable differences, and they are beyond reconciliation. DISCLOSURE. The parties acknowledge that each has made a full disclosure of all assets and debts owned jointly or individually. Nothing has been withheld and each party believes that other has been truthful in their disclosure. The parties waive the requirement to file a Financial Affidavit as each party has voluntarily made a full disclosure to the other of all assets and debts. The parties further waive any additional disclosure required under 12.285, Montana Family Law Rules of Procedure. 9. 7. 8. 10. CHILD SUPPORT. The parties acknowledge that the issue of child support has been determined by the Bozeman Judicial Court of Bozeman in the state of Montana under docket/case number 12356. Under this court order Chad Everhart is responsible for paying child support in the amount of $750.00 monthly. That court maintains continuing and exclusive jurisdiction over issues relating to the minor child of the marriage. A copy of all orders entered relative to child support is attached to this Agreement and shall be incorporated into any Judgment or Decree of Divorce subsequently entered. 11. CUSTODY. The parties acknowledge that this is the home state of the child pursuant to the state's Uniform Child Custody Jurisdiction and Enforcement Act. The child has resided in this state for more than six months before this action began and no other court has made a child custody determination. 12. CHILD CUSTODY & VISITATION. Custody of the children, is awarded to the mother. The parties acknowledge that issues of child custody or visitation relative to the parties' children have been determined by the Bozeman Judicial Court of Bozeman in the state of Montana under docket/case number 1276. That court maintains continuing and exclusive jurisdiction over issues relating to the minor child of this marriage. A copy of all orders entered relative to custody or visitation is attached to this Agreement and shall be incorporated into any Judgment or Decree of Divorce subsequently entered. COOPERATION. The parties agree to cooperate with one another in signing any papers or legal documents needed to finalize this Agreement or any provision contained in this Agreement, including deeds, title certificates, etc. Within 10 days of notification of Entry of Judgment, the parties shall execute any document, transfer papers, titles, or other documents to affect the provisions of this Agreement and any resulting Decree of Divorce. In the event a party fails to sign transfer documents, the final Decree of Divorce shall operate to transfer title. DIVISION OF ASSETS. Each party shall receive any and all, tangible and intangible, property, in his/her possession including personal items and household goods unless otherwise stated in this Agreement. FUTURE EARNINGS AND ACQUISITIONS. All income, earnings, or other property received or acquired by either party to this Agreement on or after the date of execution of this Agreement shall be the sole and separate property of the receiving or acquiring party. Each party, as of the effective dates of this Agreement, does hereby and forever waive, release, and relinquish all the right, title, and interest in all such income, earnings, and other property except as necessary to collect any sums due hereunder in the event of default. 13. 14. DEBTS. Each spouse will be responsible for any indebtedness incurred in his or her individual name prior to the date of marriage unless otherwise specifically stated in this Agreement. Each spouse will be responsible for any indebtedness incurred in his or her individual name subsequent to the date of separation March 10, 2018 unless otherwise specifically stated in this Agreement. Each spouse will be responsible for any indebtedness incurred in his or her individual name during the course of the marriage unless otherwise specifically stated in this Agreement. SPOUSAL SUPPORT/ALIMONY. Dena Kay Everhart, has been married for 22 years. Chad Everhart is 56 years of age. He has been a good provider and has the ability to pay spousal support. Chad Everhart agrees to pay Dena Kay Everhart spousal support in the amount of $400.00 per month until ex-spouse remarries or dies. 2022 Medical Expenses, Chad Everhart 1. Jan. 5, 2022, morbid obesity diagnosis and underwent weight loss surgery $5,356 2. Feb 9, 2022, acupuncture treatments for low-back pain $ 2,375 $16,500 3. March 27, 2022, stair-lift installation $ 4,300 $ 624 4. April 5, 2022, follicular unit extraction (hair transplants) 5. Jan. 1, 2022 - Dec. 31, 2022 - various doctor visits for wellness checkups 6. Jan. 1, 2022-Dec. 31, 2022 - over-the-counter drugs including sleep remedies and cold medications. $95 $ 1,343 7. Jan 1, 2022 - Dec. 31, 2022 - doctor prescribed medications 8. July 7, 2022 - prescription sunglasses $ 650 9. Oct. 2, 2022- auto seat replacement to relieve discomfort (not prescribed) $1,252 10. Dec. 2, 2022 - installed big-screen TV to relieve eye strain $ 733 Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service 2022ending Partner's Share of Income, Deductions, Credits, etc. ► See separate instructions. C D Part ! Information About the Partnership A Partnership's employer identification number E 92-5147892 B Partnership's name, address, city, state, and ZIP code Five Guys From MT, PO Box 567, Bozeman, MT, 59715 G H1 H2 11 12 J beginning F Name, address, city, state, and ZIP code for partner entered in E. See instructions. Chad Everhart, 426 Ridgetop Road, Bozeman, MT 59717 K L IRS Center where partnership filed return ► Check if this is a publicly traded partnership (PTP) Part II Information About the Partner M N Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.) 123-45-6789 General partner or LLC member-manager For calendar year 2022, or tax year X Domestic partner Foreign partner If the partner is a disregarded entity (DE), enter the partner's: Name TIN What type of entity is this partner? Individual Profit Loss If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Partner's share of profit, loss, and capital (see instructions): Beginning Partner's share of liabilities: 2022 Nonrecourse 20% 20% 20 % Capital Check if decrease is due to sale or exchange of partnership interest. 0 Qualified nonrecourse financing Recourse $ Limited partner or other LLC member $ $ Beginning Withdrawals & distributions Ending capital account Beginning capital account $ Capital contributed during the year. $ Current year net income (loss). $ Other increase (decrease) (attach explanation) $ $( $ Ending Ending 0 $ $ Check this box if Item K includes liability amounts from lower tier partnerships. Partner's Capital Account Analysis 20 % 20 % 20 % 40,000 118,000 0 8,000 126,000 Ending $ For Paperwork Reduction Act Notice, see Instructions for Form 1065. Did the partner contribute property with a built-in gain or loss? Yes No If "Yes," attach statement. See instructions. Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss) Beginning. Final K-1 Part III 1 2 3 4b 4c 5 4a Guaranteed payments for services 6a 6b 6c 7 8 9a 9b 9c 10 11 Ordinary business income (loss) Amended K-1 Partner's Share of Current Year Income, Deductions, Credits, and Other Items 15 Credits 8,000 Net rental real estate income (loss) Other net rental income (loss) 21 For IRS Use Only ! Guaranteed payments for capital Total guaranteed payments Interest income Ordinary dividends Qualified dividends Dividend equivalents Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) Collectibles (28%) gain (loss) Unrecaptured section 1250 gain Net section 1231 gain (loss) 12 Section 179 deduction Other income (loss) 13 Other deductions 14 Self-employment earnings (loss) www.irs.gov/Form1065 Cat. No. 11394R 651119 OMB No. 1545-0123 16 Foreign transactions 17 Alternative minimum tax (AMT) items 18 Tax-exempt income and nondeductible expenses 19 More than one activity for at-risk purposes* 22 More than one activity for passive activity purposes *See attached statement for additional information. Distributions 20 Other information Schedule K-1 (Form 1065) 2020 b Employer identification number (EIN) 4671 Shandalyn Lane Bozeman, MT 59718 a Employee's social security number 123-45-6789 c Employer's name, address, and ZIP code Roughstock Mining Company d Control number e Employee's first name and initial Chad 426 Ridgetop Road Bozeman, MT 59717 94-5527811 f Employee's address and ZIP code 15 State Employer's state ID number MT 852743211 Last name Everhart OMB No. 1545-0008 Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Suff. 1 Wages, tips, other compensation 3 Social security wages Safe, accurate, FAST! Use 7 Social security tips 9 5 Medicare wages and tips 11 Nonqualified plans 13 Statutory employee 16 State wages, tips, etc. 17 State income tax 132,550 9,146 14 Other 2022 IRS Retirement plan 132,550 132,550 132,550 Third-party sick pay file 2 Federal income tax withheld Visit the IRS website at www.irs.gov/efile 4 Social security tax withheld 6 Medicare tax withheld 8 Allocated tips 10 Dependent care benefits 12b 12c 12d 25,879 12a See instructions for box 12 18 Local wages, tips, etc. 19 Local income tax 8,218 1,921 20 Locality name Department of the Treasury-Internal Revenue Service Chad Everhart, age 56, is a geologist living in Bozeman, MT. His address is 426 Ridgetop Road, Bozeman, MT, 59717. Chad's social security number is 123-45-6789, and he works as a geologist for the Roughstock Mining Co., also located in Bozeman. Chad received a 2022 form W-2 reporting his earnings and withholdings from his employer. Although Chad is currently single, he was formerly married to Dena Everhart, and together they have two teenage children. Chad & Dena's divorce was finalized in 2018 (see exhibits for settlement agreement). In addition to his work as a geologist, in 2021, Chad and four of his business colleagues decided to form an oil and gas limited partnership. Chad invested $100,000 cash, along with a piece of equipment, for a 20% interest in the partnership. At the time of the investment, the property contributed had a fair market value of $50,000 and an adjusted basis of $20,000. The partnership has five owners, and Chad does not materially participate in the business, contributing about 200 hours per year to the operations. In 2021, the business had no recourse debt. The business had an operating loss of $10,000, resulting in a $2,000 passive loss for Chad. (See Chad's 2021 K-1 from Five-Guys from MT.) For 2022, the business had $40,000 in operating income. (See Chad's 2022 K-1 from Five-Guys from MT.) Chad incurred a net operating loss in 2021 of $13,450 which he is carrying forward to 2022. In addition, Chad has provided a list of medical expenses he's incurred for 2022, a mortgage interest statement from Go Prime Mortgage, Inc., detailing the amount of interest paid in 2022, and a 2022 property tax bill from the Gallatin County Assessor's office for his home which he has paid (see exhibits). Included in his list of medical expenses is a stair lift installation that his doctor prescribed. The increase in the fair market value of the home due to the installation was $12,000. He also made charitable contributions to Fresh Life Church in Bozeman, for $6,500 and donated $5,000 to Black Dog Haven, a local, for-profit shelter, and gave $500 to a needy family in Bozeman. Chad has asked you to complete his tax return for the year 2022. Prepare Form 1040 page 1 and Schedule 1, Schedule A, and Schedule E page 2. We use 2021 tax forms because 2022 tax forms are not available at the time of publication. Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service 1 / 2021 ending Partner's Share of Income, Deductions, Credits, etc. Part I Information About the Partnership A Partnership's employer identification number 92-5147892 B Partnership's name, address, city, state, and ZIP code Five Guys from MT PO Box 567 Bozeman, MT 59715 C IRS center where partnership filed return ► D beginning Chad Everhart 426 Ridgetop Road Bozeman, MT 59717 G X General partner or LLC member-manager H1 H2 11 12 J E Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.) 123-45-6789 F Name, address, city, state, and ZIP code for partner entered in E. See instructions. L Check if this is a publicly traded partnership (PTP) Part II Information About the Partner M ► See back of form and separate instructions. N 2021 For calendar year 2021, or tax year 1 / X Domestic partner Foreign partner If the partner is a disregarded entity (DE), enter the partner's: Profit Loss Capital Check decrease is due to sale or exchange of partnership interest K Partner's share of liabilities: Nonrecourse TIN Name What type of entity is this partner? Individual If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Partner's share of profit, loss, and capital (see instructions): Beginning Ending Qualified nonrecourse financing Recourse $ 0% 0% 0% Limited partner or other LLC member Beginning . $ $ $ $ $ Check this box if Item K includes liability amounts from lower tier partnerships ► Partner's Capital Account Analysis Beginning capital account $ Capital contributed during the year $ Current year net income (loss). $ Other increase (decrease) (attach explanation) $ Withdrawals and distributions. $( $ Ending capital account Ending $ $ 20 % 20% 20% Did the partner contribute property with a built-in gain (loss)? Yes No No If "Yes," attach statement. See instructions. Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss) Beginning. Ending. For Paperwork Reduction Act Notice, see the Instructions for Form 1065. 0 120,000 (2,000) 118,000 Final K-1 Amended K-1 Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Ordinary business income (loss) (2,000) 2 Net rental real estate income (loss) 1 3 4a Guaranteed payments for services 4b 4c 5 Other net rental income (loss) Guaranteed payments for capital Total guaranteed payments 6a Ordinary dividends Interest income 6b Qualified dividends 6c Dividend equivalents 7 Royalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss) 11 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) For IRS Use Only Other income (loss) 12 Section 179 deduction 13 Other deductions www.irs.gov/Form1065 Cat. No. 11394R 14 Self-employment earnings (loss) 15 16 651121 OMB No. 1545-0123 Credits Schedule K-3 is attached if checked. 17 Alternative minimum tax (AMT) items 19 18 Tax-exempt income and nondeductible expenses Distributions 22 More than one activity for at-risk purposes" 23 More than one activity for passive activity purposes* *See attached statement for additional information. 20 Other information 21 Foreign taxes paid or accrued Schedule K-1 (Form 1065) 2021 RECIPIENT'S/LENDER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. Go Prime Mortgage Inc. 2015 Charlotte Street Bozeman, MT 59718 RECIPIENT'S/LENDER'S TIN 91-1472581 PAYER'S/BORROWER'S name Chad Everhart Street address (including apt. no.) 426 Ridgetop Road Bozeman, MT 59717 9 Number of properties securing the 10 Other mortgage 1 Account number (see instructions) CORRECTED (if checked) PAYER'S/BORROWER'S TIN own, state. province, country, and ZIP or eign postal code Form 1098 (Rev. 1-2022) 123-45-6789 (Keep for your records) *Caution: The amount shown may OMB No. 1545-1380 Form 1098 not be fully deductible by you. Limits based on the loan amount and the cost and value of the secured property may apply. Also, you may only deduct interest to the extent it was incurred by you, actually paid by you, and not reimbursed by another person. (Rev. January 2022) For calendar year 20 22 1 Mortgage interest received from payer(s)/borrower(s)* $ 2 Outstanding mortgage principal $ 4 Refund of overpaid interest 416,187 18,135 3 Mortgage origination date 11/1/2017 5 Mortgage insurance premiums $ $ 6 Points paid on purchase of principal residence $ 7 If address of property securing mortgage is the same as PAYER'S/BORROWER'S address, the box is checked, or the address or description is entered in box 8. 8 Address or description of property securing mortgage Mortgage Interest Statement Copy B For Payer/ Borrower The information in boxes 1 through 9 and 11 is important tax information and is being furnished to the IRS. If you are required to file a return, a a negligence penalty or other sanction may be imposed on you i the IRS determines that an underpayment of tax results because you overstated a deduction for this mortgage interest or for these points, reported in boxes 1 and 6; or because you didn't report the refund of interest (box 4); or because you claimed a nondeductible item. 11 Mortgage acquisition date www.irs.gov/Form1098 Department of the Treasury - Internal Revenue Service GALLATIN COUNTY ASSESSOR'S OFFICE PROPERTY TAX BILL DUE JUNE 30, 2022 Location of Property: 427 Ridgetop Road, Gallatin County Bozeman, MT 59718 Owner of Record: Estimated FMV: Taxes Due: Chad Everhart $715,725 $12,040 IN THE CIRCUIT COURT OF THE FIFTH JUDICIAL CIRCUIT, IN AND FOR Bozeman, MT Division: 131 March 10, 2018 Dena Kay Everhart, Petitioner and Chad Everhart, Respondent MARITAL SETTLEMENT AGREEMENT Dena Kay Everhart of 1945 Longneck Lane, Bozeman, MT, 59716, born March 15, 1972, and Chad Everhart of 426 Ridgetop Road, Bozeman, MT, 59717, born October 12, 1966, being sworn do hereby state the following statements are true and correct. This Agreement serves as a full and final settlement all matters arising from the dissolution of their marriage, including division of all property rights, debts, spousal support, child custody, visitation, and child support. The parties agree this Agreement contains a fair, just, and equitable division of property, and subject to court approval agree as follows: 1. 2. 3. 4. Case No.: 46 5. 6. JURISDICTION. Dena Kay Everhart and Chad Everhart have resided in Gallatin County for at least six (6 months) before the petition in the above-entitled action was filed which satisfies Montana's residency requirements. ARMED FORCES. Neither party is a member of the armed forces. MARRIAGE DATE. The parties were married to each other on March 05, 1996 in Bozeman, MT, and 2 children were born to this marriage. The minor children of the marriage are as follows: Son, age 15 and Daughter, age 13 The parties are not currently expecting any children. SEPARATION DATE. The parties' date of physical separation is Jan. 2, 2018. CAUSE OF DISSOLUTION. The parties acknowledge that the marriage has been irretrievably broken due to irreconcilable differences, and they are beyond reconciliation. DISCLOSURE. The parties acknowledge that each has made a full disclosure of all assets and debts owned jointly or individually. Nothing has been withheld and each party believes that other has been truthful in their disclosure. The parties waive the requirement to file a Financial Affidavit as each party has voluntarily made a full disclosure to the other of all assets and debts. The parties further waive any additional disclosure required under 12.285, Montana Family Law Rules of Procedure. 9. 7. 8. 10. CHILD SUPPORT. The parties acknowledge that the issue of child support has been determined by the Bozeman Judicial Court of Bozeman in the state of Montana under docket/case number 12356. Under this court order Chad Everhart is responsible for paying child support in the amount of $750.00 monthly. That court maintains continuing and exclusive jurisdiction over issues relating to the minor child of the marriage. A copy of all orders entered relative to child support is attached to this Agreement and shall be incorporated into any Judgment or Decree of Divorce subsequently entered. 11. CUSTODY. The parties acknowledge that this is the home state of the child pursuant to the state's Uniform Child Custody Jurisdiction and Enforcement Act. The child has resided in this state for more than six months before this action began and no other court has made a child custody determination. 12. CHILD CUSTODY & VISITATION. Custody of the children, is awarded to the mother. The parties acknowledge that issues of child custody or visitation relative to the parties' children have been determined by the Bozeman Judicial Court of Bozeman in the state of Montana under docket/case number 1276. That court maintains continuing and exclusive jurisdiction over issues relating to the minor child of this marriage. A copy of all orders entered relative to custody or visitation is attached to this Agreement and shall be incorporated into any Judgment or Decree of Divorce subsequently entered. COOPERATION. The parties agree to cooperate with one another in signing any papers or legal documents needed to finalize this Agreement or any provision contained in this Agreement, including deeds, title certificates, etc. Within 10 days of notification of Entry of Judgment, the parties shall execute any document, transfer papers, titles, or other documents to affect the provisions of this Agreement and any resulting Decree of Divorce. In the event a party fails to sign transfer documents, the final Decree of Divorce shall operate to transfer title. DIVISION OF ASSETS. Each party shall receive any and all, tangible and intangible, property, in his/her possession including personal items and household goods unless otherwise stated in this Agreement. FUTURE EARNINGS AND ACQUISITIONS. All income, earnings, or other property received or acquired by either party to this Agreement on or after the date of execution of this Agreement shall be the sole and separate property of the receiving or acquiring party. Each party, as of the effective dates of this Agreement, does hereby and forever waive, release, and relinquish all the right, title, and interest in all such income, earnings, and other property except as necessary to collect any sums due hereunder in the event of default. 13. 14. DEBTS. Each spouse will be responsible for any indebtedness incurred in his or her individual name prior to the date of marriage unless otherwise specifically stated in this Agreement. Each spouse will be responsible for any indebtedness incurred in his or her individual name subsequent to the date of separation March 10, 2018 unless otherwise specifically stated in this Agreement. Each spouse will be responsible for any indebtedness incurred in his or her individual name during the course of the marriage unless otherwise specifically stated in this Agreement. SPOUSAL SUPPORT/ALIMONY. Dena Kay Everhart, has been married for 22 years. Chad Everhart is 56 years of age. He has been a good provider and has the ability to pay spousal support. Chad Everhart agrees to pay Dena Kay Everhart spousal support in the amount of $400.00 per month until ex-spouse remarries or dies. 2022 Medical Expenses, Chad Everhart 1. Jan. 5, 2022, morbid obesity diagnosis and underwent weight loss surgery $5,356 2. Feb 9, 2022, acupuncture treatments for low-back pain $ 2,375 $16,500 3. March 27, 2022, stair-lift installation $ 4,300 $ 624 4. April 5, 2022, follicular unit extraction (hair transplants) 5. Jan. 1, 2022 - Dec. 31, 2022 - various doctor visits for wellness checkups 6. Jan. 1, 2022-Dec. 31, 2022 - over-the-counter drugs including sleep remedies and cold medications. $95 $ 1,343 7. Jan 1, 2022 - Dec. 31, 2022 - doctor prescribed medications 8. July 7, 2022 - prescription sunglasses $ 650 9. Oct. 2, 2022- auto seat replacement to relieve discomfort (not prescribed) $1,252 10. Dec. 2, 2022 - installed big-screen TV to relieve eye strain $ 733 Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service 2022ending Partner's Share of Income, Deductions, Credits, etc. ► See separate instructions. C D Part ! Information About the Partnership A Partnership's employer identification number E 92-5147892 B Partnership's name, address, city, state, and ZIP code Five Guys From MT, PO Box 567, Bozeman, MT, 59715 G H1 H2 11 12 J beginning F Name, address, city, state, and ZIP code for partner entered in E. See instructions. Chad Everhart, 426 Ridgetop Road, Bozeman, MT 59717 K L IRS Center where partnership filed return ► Check if this is a publicly traded partnership (PTP) Part II Information About the Partner M N Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.) 123-45-6789 General partner or LLC member-manager For calendar year 2022, or tax year X Domestic partner Foreign partner If the partner is a disregarded entity (DE), enter the partner's: Name TIN What type of entity is this partner? Individual Profit Loss If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Partner's share of profit, loss, and capital (see instructions): Beginning Partner's share of liabilities: 2022 Nonrecourse 20% 20% 20 % Capital Check if decrease is due to sale or exchange of partnership interest. 0 Qualified nonrecourse financing Recourse $ Limited partner or other LLC member $ $ Beginning Withdrawals & distributions Ending capital account Beginning capital account $ Capital contributed during the year. $ Current year net income (loss). $ Other increase (decrease) (attach explanation) $ $( $ Ending Ending 0 $ $ Check this box if Item K includes liability amounts from lower tier partnerships. Partner's Capital Account Analysis 20 % 20 % 20 % 40,000 118,000 0 8,000 126,000 Ending $ For Paperwork Reduction Act Notice, see Instructions for Form 1065. Did the partner contribute property with a built-in gain or loss? Yes No If "Yes," attach statement. See instructions. Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss) Beginning. Final K-1 Part III 1 2 3 4b 4c 5 4a Guaranteed payments for services 6a 6b 6c 7 8 9a 9b 9c 10 11 Ordinary business income (loss) Amended K-1 Partner's Share of Current Year Income, Deductions, Credits, and Other Items 15 Credits 8,000 Net rental real estate income (loss) Other net rental income (loss) 21 For IRS Use Only ! Guaranteed payments for capital Total guaranteed payments Interest income Ordinary dividends Qualified dividends Dividend equivalents Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) Collectibles (28%) gain (loss) Unrecaptured section 1250 gain Net section 1231 gain (loss) 12 Section 179 deduction Other income (loss) 13 Other deductions 14 Self-employment earnings (loss) www.irs.gov/Form1065 Cat. No. 11394R 651119 OMB No. 1545-0123 16 Foreign transactions 17 Alternative minimum tax (AMT) items 18 Tax-exempt income and nondeductible expenses 19 More than one activity for at-risk purposes* 22 More than one activity for passive activity purposes *See attached statement for additional information. Distributions 20 Other information Schedule K-1 (Form 1065) 2020 b Employer identification number (EIN) 4671 Shandalyn Lane Bozeman, MT 59718 a Employee's social security number 123-45-6789 c Employer's name, address, and ZIP code Roughstock Mining Company d Control number e Employee's first name and initial Chad 426 Ridgetop Road Bozeman, MT 59717 94-5527811 f Employee's address and ZIP code 15 State Employer's state ID number MT 852743211 Last name Everhart OMB No. 1545-0008 Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Suff. 1 Wages, tips, other compensation 3 Social security wages Safe, accurate, FAST! Use 7 Social security tips 9 5 Medicare wages and tips 11 Nonqualified plans 13 Statutory employee 16 State wages, tips, etc. 17 State income tax 132,550 9,146 14 Other 2022 IRS Retirement plan 132,550 132,550 132,550 Third-party sick pay file 2 Federal income tax withheld Visit the IRS website at www.irs.gov/efile 4 Social security tax withheld 6 Medicare tax withheld 8 Allocated tips 10 Dependent care benefits 12b 12c 12d 25,879 12a See instructions for box 12 18 Local wages, tips, etc. 19 Local income tax 8,218 1,921 20 Locality name Department of the Treasury-Internal Revenue Service
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Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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