F0 rm 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 Worksheet Schedule D D-3 D-4 D-5 Employee's social security number Safe, accurate, 456-87-5432 OMB No. 15-45-0003 FASTI Use ise ~ file Visit the IAS website at WWW.i's.gowith b Employer identification number (EIN Wages, tice, other compensation 2 Federal income tax withhold 33-4382966 31,000.00 5,100.00 Employer's name, address, and ZIP code Social security wages Social security tax withhold City of Dayton Fire and Rescue 31,000.00 1,922.00 123 Warren Street 5 Medicare wages and tips 6 Mecicare tax willheld 31,000.00 449.50 Dayton, OH 45402 7 Social security tips B Allocated Tips d Control number 10 Dopendant care benoits . Employee's first name and intial Last name 11 Nong alfied plans 12a Soo Instructions for box 12 Joan Arc DD 10,100.00 1265 W. Riverview Avenue PadreTart Third-party Ick pay X Dayton, OH 45402 14 OT 120 12 f Employso's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 10 Lool income tax 20 Locally name OH 1126-87021 31,000.00 1,950.00 31,000.00 770.45 DAYTN Form W-2 Wage and Tax Statement 2022 Department of the Treasury-Infernal Revarians Service Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Intomal Revenue Service. Detailsomprehensilex Return Problems Charlotte Squab Financial Services 23 Wall Street New York, NY 10005 Joan and Noah Arc 1265 W. Riverview Avenue Dayton, OH 45402 SSN: 456-87-5432 Date December 31, 2022 Dividend Substitute 1099 Statement Bak 4 Federal Box ia Ordinary Qualified Box 20 Cop Income Tax Box 7 Foreign Box 11 Tox-exempt Payor Dividends Gan Dishib withheld Tax Paked Dividends ExxonMobil 350 00 350.00 Q.DO 0.00 0.00 Texon Un. 1.200.00 1.200.00 0.00 0.00 as Growth Fund 395.00 380200 250.00 0.00 30 00 Stock Transactions Box la Box 1b Box Id Box le Box 2 Net Bass (reported Description DoleAce. | Dole Sold Poomerck Character 100 shs. Blum Corp. (2/11/2012 08/15/2022 4,700.00 2,700.00 so she . Yelow Corp 21/13/2022 06/05/2022 6,000.00 5,500.00 25 ths, RedCo. 10:02/2013 10:07/2322 |12.000.09 2000.00 LT CORRECTED if checked PCCPENT SLINGER'S PET MMMYA elTy my DID Nc. 1545-1280 Chase Mortgage For 1098 Mortgage Interest 100 Park Avenue New York, NY 10017 For glenda F Statement 20.22 3 10.056.32 Copy B TECPENT SLENDOYS TH AYEIT'S BORROWERS TIN ing mortgage ar Pay on 13-4296127 434-11-3311 275.873.55 03/13/2019 PAYER S BORROWER'S SITE Nooh and Joan Are Ports poll on purchase al prodpal wallace 1265 W. Riverview Avenue City or tea curing marty Dayton, OH 45402 Mister a properties securing the 10 Other Fended.cible ian. Form 1090 nov. 1-2024 DetailsROUNDUP DAY CARE CENTER 245 N. WILKINSON STREET DAYTON, OH 45401 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 Amount Paid Child January 1, 2022 - December 31, 2022 $7,000.00 Nora Arc The Arc 95-9876556 Income Statement For the Year Ended December 31, 2022 Revenue: Gross Sales $ 150,000.00 Less: Sales Returns and Allowances Net Sales 150,000.00 Cost of Goods Sold: Beginning Inventory 11,000.00 Add: Purchases 86,000.00 77,000.00 Loss: Ending Inventory 10,000.00 Cost of Goods Sold 67,000.00 Gross Profit (Loss) 83,000.00 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 Foes 1,800.00 Rem 3,500.00 Travel 1,300.00 Utilities 1,500.00 Vehicle Expenses Wages 25,000.00 Total Expenses $5,800.00 Not Operating Income 27,200.00Additional Comprehensive Tax Return Problems 11/2/23, 12:34 AM Book Title: eTextbook; Income Tax Fundamentals 2023 w/Intuit ProConnect Tax Online Appendix D. Additional Comprehensive Tax Return Problems Appendix D. Additional Comprehensive Tax Return Problems Appendix D. Additional Comprehensive Tax Return Problems D-1 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, 1987, and Joan was born on July 1, 1988. Both enjoy good health and eyesight. 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 Shem (Social Security number 598-01-2345), born on March 21, 2015, and a daughter named Nora (Social Security number 554-33- https://ebooks.cenreader.com/v1/reader/stream/e104f461-1a3c-45bd-8fe3- e9b03d2ec975/6/content/bm_appendix_04.html Page 1 of 20Additional Comprehensive Tax Return Problems 11/2/23, 12:34 AM 2411), born on December 3, 2018. 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. Details of The Arc's meals and entertainment: Restaurant meals associated with business travel $ 500 Arc employee holiday party 300 Restaurant overtime meals for employees 200 Sports tickets for entertaining large customers 600 $ 1,600 5. Travel costs are business related and do not include meals. Miscellaneous expense is a $300 contribution to Re-elect Goldie Wilson, Mayor of Dayton. 6. Noah and Joan paid the following amounts during the year:Additional Comprehensive Tax Return Problems 11,12,123, 12:34 AM Contributions to Re-elect Goldie Wilson, Mayor of Dayton 33 250 Church donations (for which a written acknowledgment was received) 5,000 Real estate taxes on their home 2,400 Medical copays for doctor visits 700 Mortgage interest for purchase of home See Form 1098 (Page D-4) Tax return preparation fees 350 Credit card interest 220 Automobile insurance premiums 600 Uniforms for Joan 125 Contribution to Noah's individual retirement account (made on April 1, 2023) 5,000 7. Noah has a long-term capital loss carryover from last year of $1,300. 8. Noah and Joan own a condo and use it as a rental property. The condo is located at 16 Oakwood Ave, Unit A, Dayton, OH 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection, and other services as needed. On average, Noah spends about two hours per week on the rental activity. The revenue and expenses for the year are as follows: Additional Comprehensive Tax Return Problems D-2 Rental income received $16,200 Insurance 800 Interest expense 5,800 Propertytaxes 1,500 Miscellaneous expenses 500 Rental income includes $1,150 per month for two months under the previous lease (which ended February 28, 2022). The new lease is $1,300 per month for ten months under the new lease but the tenant paid only $900 in May 2022 because the tenant paid $400 for repairs to the apartment, and with the Arc's permission, reduced May's rent by $400. The new lease also required the tenant to pay last month's $1,300 rent in February 2022. The home was acquired for $85,000 in 2006. On May 12, 2022, the Arcs installed new xtures (7-year recovery period) at a cost of $3,500. They wish to maximize the cost recovery on the new xtures but make no elections. 11r2r23,12;34 AM Additional ComprehensweTax 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: 11,1'2/23, 12:34 AM