Comprehensive Problem One Noah and Joan Arc's Tax Return Noah and Joan Arc live with their family in Dayton, OH. Noah's Social Security number is 434-11-3311. Noah was born on February 22, 1983 and Joan was born on July 1, 1984. Both enjoy good health and cyesight. Noah owns and operates a pet store and Joan is a firefighter for the city of Dayton. 1. The Arcs have two children, a son named Billie Bob (Social Security number 598-012345), born on March 21, 2011, and a daughter named Mary Sue (Social Security number 554-33-2411), born on December 3, 2014. 2. Joan and Noah brought a folder of tax documents located on Pages D-3 to D-5. 3. Noah's pet store is located at 1415 S. Patterson Blvd, Dayton, OH 45409 . The name of the store is "The Arc," and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping, you have printed the income statement from your Quickbooks software, shown on Page D-5. 4. Detail of The Are's meals and entertainment: $25040050556$1,256FoodcostsforArcholidaypartyMcalsassociatedwithbusinesstravelOvertimemealsforemployeesSportsticketsforentertaininglargecustomers 5. Noah and Joan paid the following amounts during the year (all by check): Political contributions $250 Church donations (for which a written acknowledgment was received) Real estate taxes on their home 2,625 5. Noah and Inan naid the following amnante durine the woar (all to oherbl. 6. Noah has a long-term capital loss carryover from last year of $2,375. 7. Noah and Joan own rental property located at 16 Oakwood Ave, Unit A, Dayton, OII 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection, and other services as needed. The revenue and expenses for the year are as follows: 8. All members of the Arc household were covered for the entire year under health care insurance through Joan's employer. 9. The Arcs paid Ohio general sales tax of $976 during the year. Required: You are to prepare their 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 (addresses, etc.) that you may need. The following forms and schedules are required: Note: The forms included in Appendix D are provided for the student to work on only one of the two comprehensive problems. If desired, additional forms may be obtained from the IRS website at www.irs.gov. Copy B - To De Filed With Empleyee's FEDERM. Tan Fetsrn. ROUNDUP DAY CARE CEWTER 245 M. HIRKNNGN TRELET BATTON, OMA 45402 January 12,2019 Joan and Noah Arc 1265W. Riverview Avenue Dayton, OH45402 Dear Joan and Noah, Thank you for a great 2018 at Roundup! We appreciate your patronage during the year and hope to continue to provide excellent service for Mary Sue in 2019. We have provided the tax information for calendar year 2018 below. Please let us know if you need any additional information. Sincerely; Gharles Fi". Gurgundian Charles F. Burgundian Executive Director, Roundup Day Care EIN 54-0983456 Comprehensive Problem One Noah and Joan Arc's Tax Return Noah and Joan Arc live with their family in Dayton, OH. Noah's Social Security number is 434-11-3311. Noah was born on February 22, 1983 and Joan was born on July 1, 1984. Both enjoy good health and cyesight. Noah owns and operates a pet store and Joan is a firefighter for the city of Dayton. 1. The Arcs have two children, a son named Billie Bob (Social Security number 598-012345), born on March 21, 2011, and a daughter named Mary Sue (Social Security number 554-33-2411), born on December 3, 2014. 2. Joan and Noah brought a folder of tax documents located on Pages D-3 to D-5. 3. Noah's pet store is located at 1415 S. Patterson Blvd, Dayton, OH 45409 . The name of the store is "The Arc," and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping, you have printed the income statement from your Quickbooks software, shown on Page D-5. 4. Detail of The Are's meals and entertainment: $25040050556$1,256FoodcostsforArcholidaypartyMcalsassociatedwithbusinesstravelOvertimemealsforemployeesSportsticketsforentertaininglargecustomers 5. Noah and Joan paid the following amounts during the year (all by check): Political contributions $250 Church donations (for which a written acknowledgment was received) Real estate taxes on their home 2,625 5. Noah and Inan naid the following amnante durine the woar (all to oherbl. 6. Noah has a long-term capital loss carryover from last year of $2,375. 7. Noah and Joan own rental property located at 16 Oakwood Ave, Unit A, Dayton, OII 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection, and other services as needed. The revenue and expenses for the year are as follows: 8. All members of the Arc household were covered for the entire year under health care insurance through Joan's employer. 9. The Arcs paid Ohio general sales tax of $976 during the year. Required: You are to prepare their 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 (addresses, etc.) that you may need. The following forms and schedules are required: Note: The forms included in Appendix D are provided for the student to work on only one of the two comprehensive problems. If desired, additional forms may be obtained from the IRS website at www.irs.gov. Copy B - To De Filed With Empleyee's FEDERM. Tan Fetsrn. ROUNDUP DAY CARE CEWTER 245 M. HIRKNNGN TRELET BATTON, OMA 45402 January 12,2019 Joan and Noah Arc 1265W. Riverview Avenue Dayton, OH45402 Dear Joan and Noah, Thank you for a great 2018 at Roundup! We appreciate your patronage during the year and hope to continue to provide excellent service for Mary Sue in 2019. We have provided the tax information for calendar year 2018 below. Please let us know if you need any additional information. Sincerely; Gharles Fi". Gurgundian Charles F. Burgundian Executive Director, Roundup Day Care EIN 54-0983456