Question: In 2 0 2 3 , Lois B . and Peter A . Griffin ( ages 4 2 and 4 4 ) are married and
In Lois B and Peter A Griffin ages and are married and live in Marietta, OH Their address is th St Marietta, OH and their phone number is Peters social security number is and Lois social is They have children, Stewie, Chris and Meg, ages and respectively. Stewie and Chris live at home, while Meg is a fulltime college student at Ohio State University. Megs parents provide of her support. Stewie, Chris and Megs social security numbers are and respectively. The Griffins also adopted a dog, Brian, who is years old, lives with the Griffins yearround, and is totally supported by Peter and Lois.
Peter works fulltime as a tax manager at Rea & Associates, earning $ while Lois works parttime as an adjunct instructor at Marietta College, earning $ Peter and Lois had $ and $ respectively, withheld for federal income taxes by their employers. Peter and Lois also had $ and $ respectively, withheld for state income taxes. Other income for the year included $ in qualified dividends, $ of municipal bond interest, and $ of gambling winnings. Potentially relevant expenditures are listed below:
Mortgage interest on primary home of $origination loan amount of $
Ohio state and Marietta local taxes totaling $
Property taxes of $
While insured, Peter had an emergency room visit in his insurance refused to pay for, costing Peter $
Donated $ to Marietta College
Donated $ to The Cancer Research Group, a notforprofit that actively engages in cancer research
Donated artwork to a local art gallery with a basis of $ and a FMV of $ignore form The artwork will be used in the gallerys new exhibit.
Donated artwork to the Humane Society of the Ohio Valley with a basis of $ and a FMV of $ignore form The artwork will be sold to purchase dog food.
Gambling losses of $
Peter and Lois will file Married Filing Jointly. Further, they will claim as dependents any of their children for which they are allowed. Neither Peter nor Lois wants $ to go to the presidential election campaign fund, nor do they want to designate anyone as a thirdparty designee. Structure their tax return so that you minimize their tax liability ie if items can be treated in different ways, choose the most taxbeneficial treatment available for Any overpayment should be refunded. Round all line items to the nearest dollar.
Note that many items will reference you or require you to use and attach a form or worksheet. The only forms and worksheets I require that you complete are form and schedules A C and E if needed. Do not include these if they are not needed. All other forms can be ignored.
I have to fill out a tax return and any extra schedule such as schedule A C E for Stan and Francine. I have asked for help twice. Please help
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
