I'm having issues with the itemized deductions section - I am coming up with $22,778 when the answer should be $23,238. Can you assist me? INDIVIDUAL TAX RETURN PROBLEM 5 Required: Use the following information to complete Paul and Judy Vance's 2013 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. You may need the following forms and schedules to complete the project: Form 1040, Schedule A, Schedule B, Schedule C, Schedule D, Schedule E, Schedule SE, Form 2106-EZ, Form 4562 (for the dental practice), Form 4562 (for the rental property), Form 4797, Form 8863, and Form 8949. The forms, schedules, and instructions can be found at the IRS website (www.irs.gov). The instructions can be helpful in completing the forms. Facts: Paul J. and Judy L. Vance are married and file a joint return. Paul is self-employed as a dentist, and Judy is a college professor. Paul and Judy have three children. The oldest is Vince who lives at home. Vince is a law student at the University of Cincinnati and worked part-time during the year, earning $1,500, which he spent for his own support. Paul and Judy provided $6,000 toward Vince's support (including $4,000 for Vince's fall tuition). They also provided over half the support of their daughter, Joan, who is a full-time student at Edgecliff College in Cincinnati. Joan worked part-time as an independent contractor during the year, earning $3,200. Joan lived at home until she was married in December 2013. She filed a joint return with her husband, Patrick, who earned $20,000 during the year. Jennifer is the youngest and lived in the Vances' home for the entire year. The Vances provide you with the following additional information: Paul and Judy would like to take advantage on their return of any educational expenses paid for their children. The Vances do not want to contribute to the presidential election campaign. The Vances live at 621 Franklin Avenue, Cincinnati, OH 45211. Paul's birthday is 3/5/1957 and his Social Security number is 333-45-6666. Judy's birthday is 4/24/1960 and her Social Security number is 566-77-8888. Vince's birthday is 11/6/1990 and his Social Security number is 576-18-7928. Joan's birthday is 2/1/1994 and her Social Security number is 575-92-4321. Jennifer's birthday is 12/12/2001 and her Social Security number is 613-97-8465. The Vances do not have any foreign bank accounts or trusts. Judy is a lecturer at Xavier University in Cincinnati, where she earned $30,000. The university withheld federal income tax of $3,375, state income tax of $900, Cincinnati city income tax of $375, $1,860 of Social Security tax and $435 of Medicare tax. She also worked part of the year for Delta Airlines. Delta paid her $10,000 in salary, and withheld federal income tax of $1,125, state income tax of $300, Cincinnati city income tax of $125, Social Security tax of $620, and Medicare tax of $145. The Vances received $800 of interest from State Savings Bank on a joint account. They received interest of $1,000 on City of Cincinnati bonds they bought in January with the proceeds of a loan from Third National Bank of Cincinnati. They paid interest of $1,100 on the loan. Paul received a dividend of $540 on General Bicycle Corporation stock he owns. Judy received a dividend of $390 on Acme Clothing Corporation stock she owns. Paul and Judy received a dividend of $865 on jointly owned stock in Maple Company. All of the dividends received in 2013 are qualified dividends. Page C-8 Paul practices under the name ?Paul J. Vance, DDS.? His business is located at 645 West Avenue, Cincinnati, OH 45211, and his employer identification number is 01-2222222. Paul's gross receipts during the year were $111,000. Paul uses the cash method of accounting for his business. Paul's business expenses are as follows: Advertising $ 1,200 Professional dues 490 Professional journals 360 Contributions to employee benefit plans 2,000 Malpractice insurance 3,200 Fine for overbilling State of Ohio for work performed on welfare patient 5,000 Insurance on office contents 720 Interest on money borrowed to refurbish office 600 Accounting services 2,100 Miscellaneous office expense 388 Office rent 12,000 Dental supplies 7,672 Utilities and telephone 3,360 Wages 30,000 Payroll taxes 2,400 In June, Paul decided to refurbish his office. This project was completed and the assets placed in service on July 1. Paul's expenditures included $8,000 for new office furniture, $6,000 for new dental equipment (seven-year recovery period), and $2,000 for a new computer. Paul elected to compute his cost recovery allowance using MACRS. He did not elect to use 179 immediate expensing, and he chose to not claim any bonus depreciation. Judy's mother, Sarah, died on July 2, 2008, leaving Judy her entire estate. Included in the estate was Sarah's residence (325 Oak Street, Cincinnati, OH 45211). Sarah's basis in the residence was $30,000. The fair market value of the residence on July 2, 2008, was $155,000. The property was distributed to Judy on January 1, 2009. The Vances have held the property as rental property and have managed it themselves. From 2009 until June 30, 2013, they rented the house to the same tenant. The tenant was transferred to a branch office in California and moved out at the end of June. Since they did not want to bother finding a new tenant, Paul and Judy sold the house on June 30, 2013. They received $140,000 for the house and land ($15,000 for the land and $125,000 for the house), less a 6 percent commission charged by the broker. They had depreciated the house using the MACRS rules and conventions applicable to residential real estate. To compute depreciation on the house, the Vances had allocated $15,000 of the property's basis to the land on which the house is located. The Vances collected rent of $1,000 a month during the six months the house was occupied during the year. They incurred the following related expenses during this period: Property insurance $500 Property taxes 800 Maintenance 465 Depreciation (to be computed) ? The Vances sold 200 shares of Capp Corporation stock on September 3, 2013, for $42 a share (minus a $50 commission). The Vances received the stock from Paul's father on June 25, 1980, as a wedding present. Paul's father originally purchased the stock for $10 per share in 1967. The stock was valued at $14.50 per share on the date of the gift. No gift tax was paid on the gift. Page C-9 Judy is required by Xavier University to visit several high schools in the Cincinnati area to evaluate Xavier University students who are doing their practice teaching. However, she is not reimbursed for the expenses she incurs in doing this. During the spring semester (January through April 2013), she drove her personal automobile 6,800 miles in fulfilling this obligation. Judy drove an additional 6,700 personal miles during 2013. She has been using the car since June 30, 2012. Judy uses the standard mileage method to calculate her car expenses. Paul and Judy have given you a file containing the following receipts for expenditures during the year: Prescription medicine and drugs (net of insurance reimbursement) $ 376 Doctor and hospital bills (net of insurance reimbursement) 2,468 Penalty for underpayment of last year's state income tax 15 Real estate taxes on personal residence 4,762 Interest on home mortgage (paid to Home State Savings & Loan) 8,250 Interest on credit cards (consumer purchases) 595 Cash contribution to St. Matthew's church 3,080 Payroll deductions for Judy's contributions to the United Way 150 Professional dues (Judy) 325 Professional subscriptions (Judy) 245 Fee for preparation of 2012 tax return paid April 12, 2013 500 The Vances filed their 2012 federal, state, and local returns on April 12, 2013. They paid the following additional 2012 taxes with their returns: federal income taxes of $630, state income taxes of $250, and city income taxes of $75. The Vances made timely estimated federal income tax payments of $1,500 each quarter during 2013. They also made estimated state income tax payments of $300 each quarter and estimated city income tax payments of $160 each quarter. The Vances made all fourth-quarter payments on December 31, 2013. They would like to receive a refund for any overpayments.

John Doe 11 03 sdsdfsdf Sdfsdfsdf 234234 INVOICE (23412341234 or (123412341234 Email: sgaargrgergwergwer Phone: Date: Invoice Number: Client: 10 /12/2014 10 00 PAUL and JUDY VANCE 62 1 FRANKLIN AVENUE CINCINNATI, OH 45211 wergwergwreg Service Des cription 10/16/14 Amount 06:00 PM Octob er 12, 20 14 PAUL and JUDY VANCE 62 1 FRANKLIN AVENUE CINCINNATI, OH 45211 Pleas e find enclosed your 2013 federal incom e tax return as well as a copy for your records. Your federal return is du e April 15 , 2014. Pleas e sign an d da te your Form 10 40. Mail your Form 10 40 and required attach ments to: Dep artm en t of the Treasury Interna l Revenue Service Fresno, CA 93888-0002 The am ou nt you overpa id on your federal return is $8 64. The amount to be refunded to you is $864. If you have an y ques tions about your tax return, pleas e con tact us . Tha nk you for letting us be of service to you. Sincerely, ergwergwreg wergwregwreg wergwergwerg wregwregwergwerg 10/16/14 06:00 PM 2013 Income Tax Return Prepared For: PAUL and JUDY VANCE 621 FRANKLIN AVENUE CINCINNATI, OH 45211 Prepared By: wergwergwergw wergwregwergw wergwregwergwerg wegwregwergwe ewrgwegwergwerg 10/16/2014 06:00:19PM Form Department of the Treasury - Internal Revenue Service 1040 (99) U.S. Individual Income Tax Return 2013 For the year Jan. 1-Dec. 31, 2013, or other tax year beginning Your first name and initial OMB No. 1545-0074 IRS Use Only - Do not write or staple in this space. , 2013, ending See separate instructions. , 20 Your social security number Last name PAUL VANCE If a joint return, spouse's first name and initial 333-45-6666 Last name JUDY Spouse's social security number VANCE 566-77-8888 Home address (number and street). If you have a P.O. box, see instructions. Apt. no. Make sure the SSN(s) above and on line 6c are correct. 621 FRANKLIN AVENUE City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Presidential Election Campaign CINCINNATI, OH 45211 Foreign country name Foreign province/county Foreign postal code Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Filing Status Check only one box. Exemptions If more than four dependents, see instructions and check here 1 2 3 6a b c X the qualifying person is a child but not your dependent, enter this child's name here. Qualifying widow(er) with dependent child 5 } (2) Dependent's social security number (3) Dependent's relationship to you Last name qualifying for child tax credit (see instr.) 576-18-7928Son 575-92-4321Daughter Other income. List type and amount Combine the amounts in the far right column for lines 7 through 21. This is your total income 23 24 25 26 27 28 29 30 Health savings account deduction. Attach Form 8889 . . . . Moving expenses. Attach Form 3903 . . . . . . . . . . . Deductible part of self-employment tax. Attach Schedule SE . Self-employed SEP, SIMPLE, and qualified plans . . . . . . Self-employed health insurance deduction . . . . . . . . . Penalty on early withdrawal of savings . . . . . . . . . . . Alimony paid IRA deduction . . . . . . . . . . . . . . . . . . . . . . Student loan interest deduction . . . . . . . . . . . . . . Tuition and fees. Attach Form 8917 . . . . . . . . . . . . Domestic production activities deduction. Attach Form 8903 . b 36 . . . . . . b Recipient's SSN . . . . Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . . 25 26 27 28 29 30 31a 0 0 Add numbers on lines above 4 40,000. 800. 9a 1,795. 10 11 12 13 14 42,110. 6,350. -918. 15b 16b 17 18 19 20b 21 22 1,902. 92,039. 2,975. 32 33 34 35 . . . . . . . . . . . . . . . . . . . . . . . . . For Disclosure, Privacy 37 and Paperwork Reduction Act Notice, see separate instructions. Act, Subtract line 36 from line 22. This is your adjusted gross income UYA 2 did not live with you due to divorce or separation (see instructions) Educator expenses . . . . . . . . . . . . . . . . . . . . . 23 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ . 24 32 33 34 35 Adjusted Gross Income Tax-exempt interest. Do not include on line 8a . . . . . . . 8b 1,100. Ordinary dividends. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . Qualified dividends . . . . . . . . . . . . . . . . . . . . . 9b 1,795. Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . . Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . . . . . . Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . IRA distributions . . . . . 15a b Taxable amount . . . . . . . Pensions and annuities . . 16a b Taxable amount . . . . . . . Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . . Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Social security benefits . . 20a b Taxable amount . . . . . . . 31a If you did not get a W -2, see instructions. 9a b 10 11 12 13 14 15a 16a 17 18 19 20a 2 7 8a Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . W ages, salaries, tips, etc. Attach Form(s) W -2 . . . . . . . . . . . . . . . . . . . . . . . Taxable interest. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . Boxes checked on 6a and 6b No. of children on 6c who: lived with you Dependents on 6c not entered above X 21 22 Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. Spouse Head of household (with qualifying person). (See instructions.) If Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . . . . Spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) X if child Dependents: under age 17 VINCE VANCE JENNIFER VANCE 7 8a 4 X X (1) First name d Income Single Married filing jointly (even if only one had income) Married filing separately. Enter spouse's SSN above and full name here. 36 37 2,975. 1040 (2013) 89,064. Form Form 1040 (2013) Tax and Credits PAUL and JUDY VANCE 38 39a b Standard 40 Deduction for41 People who 42 check any box on line 43 39a or 39b or 44 who can be claimed as a 45 dependent, see 46 instructions. 47 All others: Single or Married48 filing separately, 49 $6,100 Married filing jointly or Qualifying widow(er), $12,200 Head of household, $8,950 Other Taxes Payments If you have a qualifying child, attach Schedule EIC. Refund Direct deposit? See instructions. Amount You Owe 50 51 52 53 54 55 56 57 58 59a b 60 61 62 63 64a b 65 66 67 68 69 70 71 333-45-6666 Amount from line 37 (adjusted gross income) . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Check You were born before January 2, 1949, Blind. Total boxes if: Spouse was born before January 2, 1949, Blind. 39a 0 checked If your spouse itemizes on a separate return or you were a dual-status alien, check here 39b Itemized deductions (from Schedule A) or your standard deduction (see left margin) . . . . . . 40 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Exemptions. If line 38 is $150,000 or less, multiply $3,900 by the number on line 6d. Otherwise, see instructions . 42 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . . . . . . 43 Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c 44 Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . . . . . . . . . 45 Add lines 44 and 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Foreign tax credit. Attach Form 1116 if required . . . . . . . . . . 47 { } Credit for child and dependent care expenses. Attach Form 2441 . . Education credits from Form 8863, line 19 . . . . . . . . . . . . . 48 49 50 2 89,064. 22,778. 66,286. 15,600. 50,686. 5,486. 5,486. 800. Retirement savings contributions credit. Attach Form 8880 . . . . . Child tax credit. Attach Schedule 8812, if required . . . . . . . . . 51 1,000. Residential energy credits. Attach Form 5695 . . . . . . . . . . . 52 c Other credits from Form: a 3800 b 8801 53 Add lines 47 through 53. These are your total credits . . . . . . . . . . . . . . . . . . . . . Subtract line 54 from line 46. If line 54 is more than line 46, enter -0- . . . . . . . . . . . . . Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unreported social security and Medicare tax from Form: a 4137 b 8919 . . . . . . Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required . . . . . Household employment taxes from Schedule H . . . . . . . . . . . . . . . . . . . . . . . . . First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . . . . . . . . Taxes from: a Form 8959 b Form 8960 c Instructions; enter code(s) Add lines 55 through 60. This is your total tax . . . . . . . . . . . . . . . . . . . . . . . 4,500. Federal income tax withheld from Forms W -2 and 1099 . . . . . . 62 2013 estimated tax payments and amount applied from 2012 return Earned income credit (EIC) . . . . . . . . . . . . . NO . . . . . . Nontaxable combat pay election. . 64b Additional child tax credit. Attach Schedule 8812 . . . . . . . . . . American opportunity credit from Form 8863, line 8 . . . . . . . . Page 1,800. 3,686. 5,950. 54 55 56 57 58 59a 59b 60 61 9,636. 6,000. 63 64a 66 65 Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 Amount paid with request for extension to file . . . . . . . . . . . 68 Excess social security and tier 1 RRTA tax withheld . . . . . . . . 69 Credit for federal tax on fuels. Attach Form 4136 . . . . . . . . . . 70 Credits from Form: a 2439 b Reserved c 8885 d 71 72 Add lines 62, 63, 64a, and 65 through 71. These are your total payments . . . . . . . . . . If line 72 is more than line 61, subtract line 61 from line 72. This is the amount you overpaid . . . . 73 74a Amount of line 73 you want refunded to you. If Form 8888 is attached, check here . . . . b Routing number c Type: Checking Savings d Account number 75 Amount of line 73 you want applied to your 2014 estimated tax 75 76 Amount you owe. Subtract line 72 from line 61. For details on how to pay, see instructions 77 Estimated tax penalty (see instructions) . . . . . . . . . . . . . 77 X 10,500. 864. 864. 72 73 74a 0. 76 Third Party Designee Do you want to allow another person to discuss this return with the IRS (see instructions)? Sign Here Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Joint return? See instr. Keep a copy for your records. Your signature Paid Preparer Use Only Print/Type preparer's name UYA Designee's name asdasd a asdasd Phone no. Date asdasdasdas6 Yes. Complete below. Your occupation Daytime phone number DENTIST Spouse's signature. If a joint return, both must sign. Date Preparer's signature wergwergwergwr sdfsdf B sdfsdfs Firm's name Firm's address sdfs sdfsd sdfsdf sdfsdf, sd 3sdfsd No Personal identification number (PIN) sdfsdfsdfsdf Spouse's occupation COLLEGE PROFESSOR Date Check X if If the IRS sent you an Identity Protection PIN, enter it here (see inst.) PTIN self-employed Firm's EIN Phone no. sdfsdfsdfsdf Form 1040 (2013) OMB No. 1545-0074 Itemized Deductions SCHEDULE A (Form 1040) Information about Schedule A and its separate instructions is at www.irs.gov/schedulea. Attach to Form 1040. Department of the Treasury Internal Revenue Service (99) Name(s) shown on Form 1040 Taxes You Paid 1 2 3 4 5 333-45-6666 Caution. Do not include expenses reimbursed or paid by others. Medical and dental expenses (see instructions) . . . . . . . . . . 1 Enter amount from Form 1040, line 38 2 89,064. 2,844. Multiply line 2 by 10% (.10). But if either you or your spouse was born before January 2, 1949, multiply line 2 by 7.5% (.075) instead . 3 8,906. Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . . . . . . . . . State and local (check only one box): a X Income taxes, or . . . . . . . . . . . . . . . . 5 3,405. } 6 7 b General sales taxes Real estate taxes (see instructions). . . . . . . . . . . . . . . . Personal property taxes . . . . . . . . . . . . . . . . . . . . . 8 8 Add lines 5 through 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 0. 9 8,167. Other taxes. List type and amount 9 Interest You Paid 07 Your social security number PAUL and JUDY VANCE Medical and Dental Expenses 2013 Attachment Sequence No. 10 11 Home mortgage interest and points reported to you on Form 1098 Home mortgage interest not reported to you on Form 1098. If paid 4,762. 6 7 8,250. 10 to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address Note. Your mortgage interest deduction may be limited (see instructions). Gifts to Charity If you made a gift and got a benefit for it, see instructions. 11 12 13 14 15 16 17 18 19 Casualty and Theft Losses 20 21 Job Expenses and Certain Miscellaneous Deductions Total Itemized Deductions 27 28 Investment interest. Attach Form 4952 if required. (See instructions.) 14 Add lines 10 through 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Gifts by cash or check. If you made any gift of $250 or more, see instructions . . . . . . . . . . . . . . . . . . . . . . 16 3,080. Other than by cash or check. If any gift of $250 or more, 150. see instructions. You must attach Form 8283 if over $500 . . . . . 17 Carryover from prior year . . . . . . . . . . . . . . . . . . . . 18 Add lines 16 through 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Casualty or theft loss(es). Attach Form 4684. (See instructions.) . . . . . . . . . . . . . . . . 20 8,250. 3,230. 0. Unreimbursed employee expenses - job travel, union dues, job education, etc. Attach Form 2106 or 2106-EZ if required. (See instructions.) 4,412. 500. 21 Tax preparation fees . . . . . . . . . . . . . . . . . . . . . . Other expenses - investment, safe deposit box, etc. List type and amount 22 23 Add lines 21 through 23 . . . . . . . . . . . . . . . . . . . . . 24 4,912. Enter amount from Form 1040, line 38 25 89,064. Multiply line 25 by 2% (.02) . . . . . . . . . . . . . . . . . . . 26 1,781. Subtract line 26 from line 24. If line 26 is more than line 24, enter -0- . . . . . . . . . . . . . . 27 Other - from list in instructions. List type and amount 3,131. 28 29 Is Form 1040, line 38, over $150,000? X No. Your deduction is not limited. Add the amounts in the far right column . . . . . . . for lines 4 through 28. Also, enter this amount on Form 1040, line 40. Yes. Your deduction may be limited. See the Itemized Deductions W orksheet in the instructions to figure the amount to enter. If you elect to itemize deductions even though they are less than your standard deduction, check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . } 30 For Paperwork Reduction Act Notice, see Form 1040 instructions. UYA 12 13 See Attached 22 23 24 25 26 Other Miscellaneous Deductions Points not reported to you on Form 1098. See instructions for special rules . . Mortgage insurance premiums (see instructions) . . . . . . . . . 0. 29 22,778. Schedule A (Form 1040) 2013 SCHEDULE B OMB No. 1545-0074 Interest and Ordinary Dividends (Form 1040A or 1040) Department of the Treasury Internal Revenue Service (99) Attachment Sequence No. 08 Your social security number Name(s) shown on return PAUL and JUDY VANCE Part I 2013 Attach to Form 1040A or 1040. Information about Schedule B (Form 1040A or 1040) and its instructions is at www.irs.gov/scheduleb. 1 Interest 333-45-6666 Amount List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see instructions and list this interest first. Also, show that buyer's social security number and address State Savings Bank 800. (See instructions f r Form 1040A, or Form 1040, line 8a.) 1 Note. If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. Add the amounts on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Subtract line 3 from line 2. Enter the result here and on Form 1040A, or Form 1040, line 8a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note. If line 4 is over $1,500, you must complete Part III. General Bicycle Corpopartion 5 List name of payer 2 3 Part II (See instructions f or Form 1040A, or Form 1040, line 9a.) Note. If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. (See instructions.) 4 800. Amount 540. 390. 865. 5 6 Add the amounts on line 5. Enter the total here and on Form 1040A, or Form Note. If line 6 is over. $1,500, .you. must complete .Part III. . . . . . . . . . . . . . . . 6 1,795. 1040, line 9a . . . . . . . . . . . . . . . . . You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. Yes No 7a At any time during 2013, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), formerly TD F 90-22.1 to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located 8 During 2013, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions . . . . . . . . . . . . . . . X For Paperwork Reduction Act Notice, see your tax return instructions. 10/16/2014 06:00:19PM UYA 800. 3 Acme Clothing Corporation Maple Company Ordinary Dividends Part III Foreign Accounts and Trusts 2 Schedule B (Form 1040A or 1040) 2013 Profit or Loss From Business SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0074 2013 (Sole Proprietorship) For information on Schedule C and its instructions, go to www.irs.gov/schedulec. Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. Name of proprietor Attachment Sequence No. 09 Social security number (SSN) PAUL VANCE 333-45-6666 A Principal business or profession, including product or service (see instructions) B Enter code from instructions C Business name. If no separate business name, leave blank. D Employer ID number (EIN), (see instr.) E Business address (including suite or room no.) F G H I City, town or post office, state, and ZIP code Accounting method: (2) Accrual (3) Other (specify) (1) X Cash Did you "materially participate" in the operation of this business during 2013? If "No," see instructions for limit on losses . . . . . If you started or acquired this business during 2013, check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Did you make any payments in 2013 that would require you to file Form(s) 1099? (see instructions) . . . . . . . . . . . . . . J If "Yes," did you or will you file required Forms 1099?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dentist Paul J. Vance, DDS. Part I 01-2222222 645 West Avenue Cincinatti, OH 45211 X Yes No Yes No Yes No Income 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on 2 3 4 Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 7 Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) . . . . . . . . Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Form W -2 and the \"Statutory employee\" box on that form was checked . . . . . . . . . . . . . . . Part II Expenses 8 Advertising . . . . . . . . . . 9 Car and truck expenses (see instructions) . . . . . . . . . Commissions and fees . . . . Contract labor (see instructions) Depletion . . . . . . . . . . . Depreciation and section 179 expense deduction (not included 10 11 12 13 8 1,200. 9 10 850. 11 12 in Part III) (see instructions) . . Employee benefit programs 13 2,400. 14 15 16 (other than on line 19) . . . . . Insurance (other than health) . . Interest: 2,000. 3,920. 15 18 Office expense (see instructions) . 19 Pension and profit-sharing plans . 20 Rent or lease (see instructions): a Vehicles, machinery, and equipment . b Other business property . . . . 21 Repairs and maintenance . . . 22 Supplies (not included in Part III) . 23 Taxes and licenses . . . . . . 111,000. 388. 18 19 20a 20b a Travel . . . . . . . . . . . . . b Deductible meals and 24a entertainment (see instructions) . 24b 25 26 3,360. 30,000. . . 27a . . 27b . 28 . . 29 68,890. 42,110. 21 22 23 12,000. 7,672. 2,400. 24 Travel, meals, and entertainment: 25 Utilities . . . . . . . . . . . . . 26 W ages (less employment credits) . Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see insructions). Simplified method filers only: enter the total square footage of: (a) your home: and (b) the part of your home used for business: . Use the Simplified Method W orksheet in the instructions to figure the amount to enter on line 30 . . . . . . . . . . . . . . . . . . . . Net profit or (loss). Subtract line 30 from line 29. If a profit, enter on both Form 1040, line 12 (or Form 1040NR, line 13 ) and on Schedule SE, line 2 (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. If a loss, you must go to line 32. } 32 111,000. 5 6 7 . . . . . a Mortgage (paid to banks, etc.) . 16a b Other . . . . . . . . . . . . . 16b 600. 27a Other expenses (from line 48) 17 Legal and professional services . 17 2,100. b Reserved for future use . . 28 Total expenses before expenses for business use of home. Add lines 8 through 27a . . . . . . . . . . 29 Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . 31 111,000. 3 4 Enter expenses for business use of your home only on line 30. 14 30 111,000. 1 2 30 42,110. 31 If you have a loss, check the box that describes your investment in this activity (see instructions). If you checked 32a, enter the loss on both Form 1040, line 12, (or Form 1040NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form 1041, line 3 } 32a 32b All investment is at risk. Some investment is not at risk. If you checked 32b, you must attach Form 6198. Your loss may be limited. For Paperwork Reduction Act Notice, see the separate instructions. UYA 10/16/2014 06:00:19PM Schedule C (Form 1040) 2013 SCHEDULE D (Form 1040) Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0074 Capital Gains and Losses 2013 Attach to Form 1040 or Form 1040NR. Information about Schedule D and its separate instructions is at www.irs.gov/scheduled. Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. Attachment Sequence No. 12 Name(s) shown on return Your social security number PAUL and JUDY VANCE 333-45-6666 Part I Short-Term Capital Gains and Losses - Assets Held One Year or Less See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars. 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b . . . . . . . . . . . . . . . 1b Totals for all transactions reported on Form(s) 8949 with Box A checked . . . . . . . . . . . . . 2 Totals for all transactions reported on Form(s) 8949 with Box B checked . . . . . . . . . . . . . 3 Totals for all transactions reported on Form(s) 8949 with Box C checked . . . . . . . . . . . . . 4 5 6 7 (d) Proceeds (sales price) (e) Cost or other basis (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long-term capital gains or losses, go to Part II below. Otherwise, go to Part III on page 2 . . . . . Part II (d) Proceeds (sales price) (e) Cost or other basis 6 ( ) 0. 7 (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 6,350. 11 12 Capital gain distributions. See the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then go to Part III on page 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 For Paperwork Reduction Act Notice, see your tax return 10/16/2014 06:00:19PM instructions. UYA 5 (g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) This form may be easier to complete if you round off cents to whole dollars. 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b . . . . . . . . . . . . . . . 8b Totals for all transactions reported on Form(s) 8949 with Box D checked . . . . . . . . . . . . . 8,350. 2,000. 9 Totals for all transactions reported on Form(s) 8949 with Box E checked . . . . . . . . . . . . . 10 Totals for all transactions reported on Form(s) 8949 with Box F checked . . . . . . . . . . . . . 11 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 4 Long-Term Capital Gains and Losses - Assets Held More Than One Year See instructions for how to figure the amounts to enter on the lines below. 13 14 (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) ( ) 6,350. Schedule D (Form 1040) 2013 Schedule D (Form 1040) 2013 Part III 16 PAUL and JUDY VANCE 333-45-6666 Page 2 Summary Combine lines 7 and 15 and enter the result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 6,350. If line 16 is a gain, enter the amount from line 16 on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 17 below. If line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR, line 14. Then go to line 22. 17 Are lines 15 and 16 both gains? X Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 18 Enter the amount, if any, from line 7 of the 28% Rate Gain Worksheet in the instructions . . . 18 0. 19 Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 0. 20 Are lines 18 and 19 both zero or blank? X Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42). Do not complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Do not complete lines 21 and 22 below. 21 If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of: The loss on line 16 or ($3,000), or if married filing separately, ($1,500) } . . . . . . . . . . . . . . . . . . . . . . . . 21 ( ) Note. W hen figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44 (or in the instructions for Form 1040NR, line 42). No. Complete the rest of Form 1040 or Form 1040NR. Schedule D (Form 1040) 2013 UYA 10/16/2014 06:00:19PM Form 8949 (2013) Name(s) shown on return. (Name and SSN or taxpayer identification no. not required if shown on page 1.) Attachment Sequence No. 12A Page 2 Social security number or taxpayer identification number PAUL and JUDY VANCE 333-45-6666 Most brokers issue their own substitute statement instead of using Form 1099-B. They also may provide basis information (usually your cost) to you on the statement even if it is not reported to the IRS. Before you check Box D, E, or F below, determine whether you received any statement(s) and, if so, the transactions for which basis was reported to the IRS. Brokers are required to report basis to the IRS for most stock you bought in 2011 or later. Part II Long-Term. Transactions involving capital assets you held more than one year are long term. For short-term transactions, see page 1. Note. You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the total directly on Schedule D, line 8a; you are not required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. X (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis was not reported to the IRS (F) Long-term transactions not reported to you on Form 1099-B Adjustment, if any, to gain or loss. If you enter an amount in column (g), 1 (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (Mo., day, yr.) (c) Date sold or disposed (Mo., day, yr.) Capp Corporation Stock 06/25/1980 09/03/2013 (d) Proceeds (sales price) (see instructions) (e) enter a code in column (f). Cost or other basis See the separate instructions. See the Note below and see Column (e) (f) (g) in the separate Code(s) from Amount of instructions instructions adjustment (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 8,350. 2,000. 6,350. 8,350. 2,000. 6,350. 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) Note. If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. UYA Form 8949 (2013) SCHEDULE E (Form 1040) OMB No. 1545-0074 Supplemental Income and Loss Attach to Form 1040, 1040NR, or Form 1041. Information about Schedule E and its separate instructions is at www.irs.gov/schedules. Department of the Treasury Internal Revenue Service (99) Attachment Sequence No. PAUL and JUDY VANCE 333-45-6666 Part I Income or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, use Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. Yes Yes Did you make any payments in 2013 that would require you to file Form(s) 1099? (s ee instructions) If "Yes," did you or will you file required Forms 1099? Physical address of each property (street, city, state, ZIP code) A B 1a 13 Your social security number Name(s) shown on return A B C 1b 2013 (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.) No No 325 Oak Street Cincinatti, OH 45211 Type of Property (from list below) 1 A B C Type of Property: 1 Single Family Residence 2 Multi-Family Residence 2 3 Vacation/Short-Term Rental 4 Commercial Income: 3 Rents received . . . . . . . . . . . . 4 Royalties received . . . . . . . . . . Expenses: 5 Advertising . . . . . . . . . . . . . . 6 Auto and travel (see instructions) . . 7 Cleaning and maintenance . . . . . 8 Commissions . . . . . . . . . . . . . 9 Insurance . . . . . . . . . . . . . . . 10 Legal and other professional fees . . 12 Management fees . . . . . . . . 11 Mortgage interest paid to. banks,. etc. 13 Other interest . . . . . . . . . . . . . 14 Repairs . . . . . . . . . . . . . . . . 15 Supplies . . . . . . . . . . . . . . . 16 Taxes . . . . . . . . . . . . . . . . . 17 Utilities . . . . . . . . . . . . . . . . 18 Depreciation expense or depletion . 19 Other (list) 20 21 22 23a b c d e 24 25 26 Fair Rental Days For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions. A 181 5 Land 6 Royalties 7 Self-Rental 8 Other (describe) A Properties: 3 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 7 8 9 10 12 11 13 14 15 16 17 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . QJV B C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Personal Use Days . . . . . . . . . . . . . B C 6,000. 465. 500. 800. 2,333. 19 Total expenses. Add lines 5 through 19 . . . . . . . . . . . . . . 20 4,098. 0. Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see inst. to find out if you must file Form 6198 . . . 21 1,902. 0. Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) . . . . . . . . . . . . . . . . . 22 ( 0. )( 0. )( Total of all amounts reported on line 3 for all rental properties . . . . . . . . . . . 23a 6,000. Total of all amounts reported on line 4 for all royalty properties . . . . . . . . . . . 23b 0. Total of all amounts reported on line 12 for all properties . . . . . . . . . . . . . . . 23c 0. Total of all amounts reported on line 18 for all properties . . . . . . . . . . . . . . . 23d 2,333. Total of all amounts reported on line 20 for all properties . . . . . . . . . . . . . . . 23e 4,098. Income. Add positive amounts shown on line 21. Do not include any losses . . . . . . . . . . . . . . . 24 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here 25 ( Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Form 1040, line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2 . . . 26 For Paperwork Reduction Act Notice, see the separate instructions. UYA 10/16/2014 06:00:19PM 0. 0. 0. ) 1,902. 0.) 1,902. Schedule E (Form 1040) 2013 SCHEDULE SE (Form 1040) Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0074 Self-Employment Tax 2013 Information about Schedule SE and its separate instructions is at www.irs.gov/schedulese. Attach to Form 1040 or Form 1040NR. Name of person with self-employment income (as shown on Form 1040) Social security number of person with self-employment income PAUL VANCE Attachment Sequence No. 17 333-45-6666 Before you begin: To determine if you must file Schedule SE, see the instructions. May I Use Short Schedule SE or Must I Use Long Schedule SE? Note. Use this flowchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE in the instructions. Did you receive wages or tips in 2013? No Are you a minister, member of a religious order, or Christian Science practitioner who received IRS approval not to be taxed on earnings from these sources, but you owe self-employment tax on other earnings? Yes Yes W as the total of your wages and tips subject to social security or railroad retirement (tier 1) tax plus your net earnings from self-employment more than $113,700? Yes Did you receive tips subject to social security or Medicare tax that you did not report to your employer? No Are you using one of the optional methods to figure your net earnings (see instructions)? No Yes No No Did you receive church employee income (see instructions) reported on Form W -2 of $108.28 or more? Yes Yes No Did you report any wages on Form 8919, Uncollected Social Security and Medicare Tax on W ages? Yes No You may use Short Schedule SE below You must use Long Schedule SE on page 2 Section A - Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE. 1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code Z . . . . 2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see instructions for types of income to report on this line. See instructions for other income to report . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Combine lines 1a, 1b, and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Multiply line 3 by 92.35% (.9235). If less than $400, you do not owe self-employment tax; do not file this schedule unless you have an amount on line 1b . . . . . . . . . . . . . . . . . . . . Note. If line 4 is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. 5 Self-employment tax. If the amount on line 4 is: $113,700 or less, multiply line 4 by 15.3% (.153). Enter the result here and on Form 1040, line 56, or Form 1040NR, line 54 More than $113,700, multiply line 4 by 2.9% (.029). Then, add $14,098.80 to the result. Enter the total here and on Form 1040, line 56, or Form 1040NR, line 54 . . . . . . . . . . . . . 6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (.50). Enter the result here and on Form 1040, line 27, or Form 1040NR, line 27 . . . . . . . . . . . . . . . . . 6 2,975. For Paperwork Reduction Act Notice, see your tax return instructions. UYA 10/16/2014 06:00:19PM 1a 1b ( ) 2 3 42,110. 42,110. 4 38,889. 5 5,950. Schedule SE (Form 1040) 2013 Form 8863 Department of the Treasury Internal Revenue Service (99) Education Credits (American Opportunity and Lifetime Learning Credits) Part I 333-45-6666 Refundable American Opportunity Credit 1 2 3 Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from Puerto Rico, see Pub. 970 for the amount to enter. . . . . . . . . . . . . . . 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 1 3 Subtract line 3 from line 2. If zero or less, stop ; you cannot take any education credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter: $20,000 if married filing jointly; $10,000 if single, head of household, or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 If line 4 is: Equal to or more than line 5, enter 1.000 on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . Less than line 5, divide line 4 by line 5. Enter the result as a decimal (rounded to at least three places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 1 by line 6. Caution: If you were under age 24 at the end of the year and meet the conditions described in the instructions, you cannot take the refundable American opportunity credit; skip line 8, enter the amount from line 7 on line 9, and check this box . . . . . . . . . Refundable American opportunity credit. Multiply line 7 by 40% (.40). Enter the amount here and on Form 1040, line 66, or Form 1040A, line 40. Then go to line 9 below. . . . . . . . . . . . . . . . . } Part II 50 Complete a separate Part III on page 2 for each student for whom you are claiming either credit before you complete Parts I and II. After completing Part III for each student, enter the total of all amounts from all Parts III, line 30 . . . Enter: $180,000 if married filing jointly; $90,000 if single, head of household, or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . 2 4 Attachment Sequence No. Your social security number PAUL and JUDY VANCE ! 2013 Information about Form 8863 and its separate instructions is at www.irs.gov/form8863. Attach to Form 1040 or Form 1040A. Name(s) shown on return CAUTION OMB No. 1545-0074 6 0.0000 7 8 Nonrefundable Education Credits Subtract line 8 from line 7. Enter here and on line 2 of the Credit Limit Worksheet (see instructions) 9 After completing Part III for each student, enter the total of all amounts from all Parts III, line 31. If zero, skip lines 11 through 17, enter -0- on line 18, and go to line 19. . . . . . . . . . . . . . . . . . . 10 Enter the smaller of line 10 or $10,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Multiply line 11 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Enter: $127,000 if married filing jointly; $63,000 if single, head of household, or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . 13 127,000. Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from Puerto Rico, see Pub. 970 for the amount to enter. . . . . . . . . . . . . . . 14 89,064. Subtract line 14 from line 13. If zero or less, skip lines 16 and 17, enter -0on line 18, and go to line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 37,936. Enter: $20,000 if married filing jointly; $10,000 if single, head of household, or qualifying widow(er) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 20,000. If line 15 is: Equal to or more than line 16, enter 1.000 on line 17 and go to line 18 Less than line 16, divide line 15 by line 16. Enter the result as a decimal (rounded to at least three places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Multiply line 12 by line 17. Enter here and on line 1 of the Credit Limit Worksheet (see instructions) 18 Nonrefundable education credits. Enter the amount from line 7 of the Credit Limit Worksheet (see instructions) here and on Form 1040, line 49, or Form 1040A, line 31 . . . . . . . . . . . . . . . 19 . For Paperwork Reduction Act Notice, see your tax return instructions. UYA 10/16/2014 06:00:19PM 4,000. 4,000. 800. 1.0000 800. 800. Form 8863 (2013) Page 2 Form 8863 (2013) Name(s) shown on return Your social security number PAUL and JUDY VANCE ! CAUTION Part III 20 333-45-6666 Complete Part III for each student for whom you are claiming either the American opportunity credit or lifetime learning credit. Use additional copies of Page 2 as needed for each student. Student and Educational Institution Information See instructions. 21 Student social security number (as shown on page 1 of your tax return) Student name (as shown on page 1 of your tax return) VINCE VANCE 22 576-18-7928 Educational institution information (see instructions) a. Name of first educational institution b. Name of second educational institution (if any) University of Cincinatti (1) Address. Number and street (or P.O. box). City, town or post office, state, and ZIP code. If a foreign address, see instructions. 123 Bearcat Blvd Cincinatti, OH, 23422 (2) Did the student receive Form 1098-T from this institution for 2013? (3) Did the student receive Form 1098-T from this institution for 2012 with Box 2 filled in and Box 7 checked? X Yes No X Yes No (1) Address. Number and street (or P.O. box). City, town or post office, state, and ZIP code. If a foreign address, see instructions. (2) Did the student receive Form 1098-T from this institution for 2013? (3) Did the student receive Form 1098-T from this institution for 2012 with Box 2 filled in and Box 7 checked? If you checked "No" in both (2) and (3), skip (4). (4) If you checked "Yes" in (2) or (3) , enter the institution's federal identification number (from Form 1098-T). Yes No Yes No If you checked "No" in both (2) and (3), skip (4). (4) If you checked "Yes" in (2) or (3), enter the institution's federal identification number (from Form 1098-T). 42-2222222 Yes Stop! Go to line 31 for this student. No Go to line 24. Yes Go to line 25. No Stop! Go to line 31 for this student. Did the student complete the first 4 years of post-secondary education before 2013? Yes Stop! Go to line 31 for this student. No Go to line 26. Was the student convicted, before the end of 2013, of a felony for possession or distribution of a controlled substance? Yes Stop! Go to line 31 for this student. 23 Has the Hope Scholarship Credit or American opportunity credit been claimed for this student for any 4 tax years before 2013? 24 Was the student enrolled at least half-time for at least one academic period that began in 2013 at an eligible educational institution in a program leading towards a postsecondary degree, certificate, or other recognized postsecondary educational credential? (see instructions) 25 26 TIP X X No SeeTip below and complete either lines 27-30 or line 31 for this student. When you figure your taxes, you may want to compare the American opportunity credit and lifetime learning credits, and choose the credit for each student that gives you the lower tax liability. You cannot take the American opportunity credit and the lifetime learning credit for the same student in the same year. If you complete lines 27 through 30 for this student, do not complete line 31. American Opportunity Credit 27 28 29 30 Adjusted qualified education expenses (see instructions). Do not enter more than $4,000 . . . . . . . . 27 Subtract $2,000 from line 27. If zero or less enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Multiply line 28 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 If line 28 is zero, enter the amount from line 27. Otherwise, add $2,000 to the amount on line 29 and enter the result. Skip line 31. Include the total of all amounts from all Parts III, line 30 on Part I, line 1 30 Lifetime Learning Credit 31 Adjusted qualified education expenses (see instructions). Include the total of all amounts from all Parts III, line 31, on Part II, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 4,000. Form 8863 (2013) UYA 10/16/2014 06:00:19PM Form 2106 Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0074 Employee Business Expenses 2013 Attach to Form 1040 or Form 1040NR. Information about Form 2106 and its separate instructions is available at www.irs.gov/form2106. Your name Occupation in which you incurred expenses Attachment Sequence No. JUDY VANCE Part I Step 1 1 2 3 4 5 6 129 Social security number 566-77-8888 Employee Business Expenses and Reimbursements Column A Other Than Meals and Entertainment Enter Your Expenses Vehicle expense from line 22 or line 29. (Rural mail carriers: See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Parking fees, tolls, and transportation, including train, bus, etc., that did not involve overnight travel or commuting to and from work . . . . . . . . Travel expense while away from home overnight, including lodging, airplane, car rental, etc. Do not include meals and entertainment Business expenses not included on lines 1 through 3. Do not include meals and entertainment . . . . . . . . . . . . . . . . . . . Meals and entertainment expenses (see instructions) . . . . . . . . Total expenses. In Column A, add lines 1 through 4 and enter the result. In Column B, enter the amount from line 5 . . . . . . . . . . 1 Column B Meals and Entertainment 3,842. 2 3 4 5 6 3,842. 0. Note: If you were not reimbursed for any expenses in Step 1, skip line 7 and enter the amount from line 6 on line 8. Step 2 7 Enter reimbursements received from your employer that were not reported to you in box 1 of Form W-2. Include any reimbursements reported under code "L" in box 12 of your Form W-2 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Step 3 8 Enter Reimbursements Received From Your Employer for Expenses Listed in Step 1 0. 0. 8 3,842. 0. 9 3,842. 7 Figure Expenses To Deduct on Schedule A (Form 1040 or Form 1040NR) Subtract line 7 from line 6. If zero or less, enter -0-. However, if line 7 is greater than line 6 in Column A, report the excess as income on Form 1040, line 7 (or on Form 1040NR, line 8) . . . . . Note: If both columns of line 8 are zero, you cannot deduct employee business expenses. Stop here and attach Form 2106 to your return. 9 10 In Column A, enter the amount from line 8. In Column B, multiply line 8 by 50% (.50). (Employees subject to Department of Transportation (DOT) hours of service limits: Multiply meal expenses incurred while away from home on business by 80% (.80) instead of 50%. For details, see instructions.) . . . . . . . . . . . . Add the amounts on line 9 of both columns and enter the total here. Also, enter the total on Schedule A (Form 1040), line 21 (or on Schedule A (Form 1040NR), line 7). (Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and individuals with disabilities: See the instructions for special rules on where to enter the total.) For Paperwork Reduction Act Notice, see your tax return instructions. UYA 10/16/2014 06:00:19PM 3,842. 10 Form 2106 (2013) Form 2106 (2013) JUDY VANCE 566-77-8888 Part II Vehicle Expenses Section A - General Information (You must complete this section if you are claiming vehicle expenses.) (a) Vehicle 1 Page 2 (b) Vehicle 2 Enter the date the vehicle was placed in service . . . . . . . . . . . . . . . . 11 06/30/2012 Total miles the vehicle was driven during 2013 . . . . . . . . . . . . . . . . 12 13500 miles 0 miles Business miles included on line 12 . . . . . . . . . . . . . . . . . . . . . . . 13 6800 miles 0 miles Percent of business use. Divide line 13 by line 12 . . . . . . . . . . . . . . . 14 50.37 % % Average daily roundtrip commuting distance . . . . . . . . . . . . . . . . . . 15 0 miles 0 miles Commuting miles included on line 12 . . . . . . . . . . . . . . . . . . . . . . 16 0 miles 0 miles Other miles. Add lines 13 and 16 and subtract the total from line 12 . . . . . 17 6700 miles 0 miles Was your vehicle available for personal use during off-duty hours? . . . . . . . . . . . . . . . . . . . . . . X Yes No Do you (or your spouse) have another vehicle available for personal use? . . . . . . . . . . . . . . . . . . X Yes No Do you have evidence to support your deduction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X Yes No If "Yes," is the evidence written? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X Yes No Section B - Standard Mileage Rate (See the instructions for Part II to find out whether to complete this section or Section C.) 22 Multiply line 13 by 56.5 (.565). Enter the result here and on line 1. . . . . . . . . . . . . . . . . . 22 3,842. (a) Vehicle 1 (b) Vehicle 2 Section C - Actual Expenses 23 Gasoline, oil, repairs, vehicle insurance, etc. . . . . . . . . . . 23 24a Vehicle rentals . . . . . . . . . . 24a b Inclusion amount (see instructions) . . 24b c Subtract line 24b from line 24a . 24c 0. 0. 25 Value of employer-provided vehicle (applies only if 100% of annual lease value was included on Form W-2 - see instructions). 25 26 Add lines 23, 24c, and 25 . . . . 26 0. 0. 27 Multiply line 26 by the percentage on line 14 . . . . . . 27 0. 0. 28 Depreciation (see instructions) . 28 29 Add lines 27 and 28. Enter total Section D - Depreciation. of .Vehicles (Use this section only if you owned the vehicle and are completing Section C for the vehicle.) 0. here and on line 1 . . . . . . 29 0. (a) Vehicle 1 (b) Vehicle 2 30 Enter cost or other basis (see instructions) . . . . . . . . . . . 30 31 Enter section 179 deduction and special allowance (see instructions) 31 32 Multiply line 30 by line 14 (see instructions if you claimed the section 179 deduction or 0. 0. special allowance) . . . . . . . . 32 33 Enter depreciation method and percentage (see instructions) . . 33 % % 34 Multiply line 32 by the percentage on line 33 (see instructions) . . . 34 0. 0. 35 Add lines 31 and 34 . . . . . . . 35 0. 0. 36 Enter the applicable limit explained in the line 36 instructions 36 37 Multiply line 36 by the percentage on line 14 . . . . . . 37 0. 0. 38 Enter the smaller of line 35 or line 37. If you skipped lines 36 and 37, enter the amount from line 35. Also enter this 38 0. 0. Form 2106 (2013) UYA amount on line 28 above . . . . 11 12 13 14 15 16 17 18 19 20 21 10/16/2014 06:00:19PM Name(s) shown on return Your Social Security Number PAUL and JUDY VANCE 333-45-6666 Schedule A - Itemized Deductions - Line 21 Attachment Amount Form 2106 Professional Dues Subscriptions 3,842. 325. 245. 4,412. Total Schedule A - Itemized Deductions - Line 23 Attachment Amount Total 10/16/2014 06:00:19PM Form 8879 Department of the Treasury Internal Revenue Service OMB No. 1545-0074 IRS e-file Signature Authoriz