Question: I need guidance on how to fill the forms with the given facts. I ' m not confident in the process and im better at
I need guidance on how to fill the forms with the given facts. Im not confident in the process and im better at visual learning if you could explain the process by filling it out it would be greatly appreciated! This is a tax project so all information is not real information.The forms that have been updated to are to be used since they have been updated.Second Tax Return Project
Income Tax Fall
Due November th by :
Required:
Use the following information to prepare a Form Schedule
and Schedules A and B for Leonard Cox.
The required forms can be obtained from the IRS website
wwwirs.gov Helpful instructions for completing the forms can also
be obtained from this site.
Facts:
Leonard Cox is a single taxpayer. Leonard's social security number is
and his date of birth is April He lives at Houston Street,
Broken Arrow, OK
Leonard is a store manager. His shows wages of $ federal
withholding of $ and Oklahoma withholding of $ When he filed his
Oklahoma tax return for in April of he paid a balance due of $
Leonard received a INT that reported $ in interest on his savings
account at the Bank of Oklahoma. He also received a DIV from BOK
Financial that reported $ in dividends, including $ in qualified
dividends.
Leonard contributed $ to his IRA for and paid $ interest on his
student loans. Leonard is not covered by a pension plan through his employer.
Leonard has health insurance through his employer, but he had unreimbursed
deductible medical expenses of $
He received Form from his mortgage lender. This form reports that he
paid $ in interest on his home mortgage and $ in property taxes on his
residence.
Leonard's charitable contributions included $ to his church and $ to
Doctors without Borders.
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