Question: Please fill in form 1040 by using this information below; Tax Return-Individual Number Two (after Chapter 5) Instructions: Please complete the 2019 federal income tax

Please fill in form 1040 by using this information below;

Please fill in form 1040 by using this information below; Tax Return-IndividualNumber Two (after Chapter 5) Instructions: Please complete the 2019 federal incometax return for Sarah Hamblin. Be sure to include only required taxforms when completing the tax return. For purposes of this assignment, unless

Tax Return-Individual Number Two (after Chapter 5) Instructions: Please complete the 2019 federal income tax return for Sarah Hamblin. Be sure to include only required tax forms when completing the tax return. For purposes of this assignment, unless instructed otherwise, you do not need to attach Form 8582. Also, ignore the requirement to attach the Form(s) W- 2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Sarah Hamblin and her now ex-husband Kevin were legally divorced on March 1, 2019. As of the end of the year, Sarah was unmarried. Sarah and Kevin had only one child, an 11-year-old girl named Elizabeth. As part of the divorce decree, Sarah was given custody of Elizabeth and Kevin was required to pay 1) child support for Elizabeth's care, and 2) alimony to Sarah until she remarries or dies. Because Kevin will be making child support payments, the divorce decree provided that Kevin will be permitted to claim the tax dependency exemption for Elizabeth until Elizabeth no longer qualifies as a tax dependent of either parent and the decree obligates Sarah to sign and/or file any required forms to cause this result to occur. Sarah rents a home (separate from Kevin) that she pays for herself. Elizabeth lives with Sarah most of the time, but she visits and stays with her father every other weekend and most holidays. During the year, Elizabeth stayed at Kevin's house a total of 74 nights. Sarah provided the following information for 2019: . . Sarah's Social Security number is 123-43-4321 Elizabeth's Social Security number is 123-34-1234 Sarah's mailing address is 1245 Rose Petal Drive, Middletown, Wisconsin 53562 Elizabeth is a U.S. citizen . The following was reported on Sarah's Form W-2: Employer Gross Wages Federal Income Tax Withholding 6,950 State Income Tax Withholding 2,125 34,350 Central Wisconsin Heating and Air All applicable and appropriate payroll taxes were withheld by the employer. During the year, Sarah also received the following: Child Support Payment from Kevin Hamblin Alimony Payment from Kevin Hamblin Gift from her father to help with legal bills Interest income on U.S. Treasury Bond Interest income of Madison City Bond (municipal bond) Interest income from First Bank of Madison Life insurance proceeds on the death of her mother $12,000 $16,000 $ 8,500 $ 400 $ 250 $ 165 $45,000 Sarah is a 50% owner in a friend's company, Bright Day Flowers, Inc. Bright Day Flowers, Inc. (BDF) is a Subchapter S corporation. The company reported ordinary business income for the year of $22,000. Sarah acquired the stock several years ago. Sarah worked a total of 600 hours at the BDF shop in the evenings and on the weekends during 2019. Bright Day Flowers, Inc.'s employer identification number is 56-3535353. Sarah entered a contest sponsored by a radio station and won 10 tickets to the touring Broadway-style production of Wholesome. The value of the tickets was $200 each. Sarah took her friends from work to the production. Sarah lost her job with Central Wisconsin Heating and Air on November 15 because of a reduction in work force. She collected $1,250 in unemployment benefits during the year. She is currently looking for another job. Sarah had qualifying minimum health insurance coverage provided to her because of her employment with Central Wisconsin Heating and Air for each month in 2019 (the employer continued to cover her through the end of the year). Elizabeth had qualifying minimum health insurance coverage provided through Kevin through his work. Sarah did not own, control or manage any foreign bank accounts nor was she a grantor or beneficiary of a foreign trust during the tax year. Sarah was provided with the following benefits as part of her employment: . Group-term life insurance coverage of $50,000. The cost to cover Sarah for the company for the tax year is $150. . Access to the company photocopy machine. Sarah estimates she made $14 worth of copies during the year primarily for use with her church group activities. Sarah reported no itemized deductions other than any described above. Sarah does not want to contribute to the Presidential Election Campaign Fund. She would like to receive a refund (if any) of any tax she may have overpaid for the year. Her preferred method of receiving the refund is by check. 1040 was. Individual Income Tax Return 2019 OMB No. 1545-0074 AS USB On) Do ro write a staplein tha space. Check only Filing Status Single Married filling jointly Married filing separately (MFS) Head of household (HOH) Head of household (HOH) Qualifying widow(er) (QW) If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box. a child but not your dependent. Your first name and middle initial Last name Your social security number Sarah Hamblin 1 2 3 4 3 4 3 2 1 If joint return, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O.box, see instructions. Apt. no. Presidential Election Campaign 1245 Rose Petal Drive Check here if you, or your spouse if filing jointly, want $3 to go to this fund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Checking a box below will not change your Middletown, Wisconsin 53562 tax or refund. You Spouse Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and here Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction O Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: O Were born before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents Elizabeth Hamblin 1 2 3 3 4 1 2 3 4 Child 1 2b 3b 4b 4d 5b 6 7a 1 Wages, salaries, tips, etc. Attach Form(s) W-2 . 2a Tax-exempt interest 2a b Taxable interest. Attach Sch. B if required Qualified dividends 3a b Ordinary dividends. Attach Sch. Bif required Standard Deduction for 4a IRA distributions 4a b b Taxable amount Single or Married Pensions and annuities 4c d Taxable amount filing separately $12.200 5a Social security benefits 5a b Taxable amount Married filing 6 jointly or Qualifying Capital gain or loss). Attach Schedule D if required. If not required, check here widow(er), ), 7a Other income from Schedule 1, line 9 $24.400 Head of b Add lines 1, 2b, 3b, 46, 4d, 5b, 6, and 7a. This is your total income , 4b6 household, $18.350 8a Adjustments to income from Schedule 1, line 22 If you checked b Subtract line 8a from line 7b. This is your adjusted gross income any box under Standard 9 Standard deduction or itemized deductions (from Schedule A) 9 Deduction, 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 see instructions. 11a Add lines 9 and 10 Taxable income. Subtract line 11a from line 8b. If zero or less, enter -0- For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B 7b 8 8b 11a 11b Form 1040 (2019) V 18C e Form 1040 (2019) Page 2 12a Tax (see inst.) Check if any from Form(s): 1 08814 2 4972 3 D 12a b Add Schedule 2, line 3, and line 12a and enter the total 12b 13a Child tax credit or credit for other dependents. . . 13a b Add Schedule 3, line 7, and line 13a and enter the total 13b 14 Subtract line 13b from line 12b. If zero or less, enter-O- 14 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax. 16 17 Federal income tax withheld from Forms W-2 and 1099 17 . If you have a 18 Other payments and refundable credits: qualifying child, a Earned income credit (EIC). 18a attach Sch. EIC. b Additional child tax credit. Attach Schedule 8812 If you have 18b nontaxable American opportunity credit from Form 8863, line 8 combat pay, see instructions. d Schedule 3, line 14. . 18d Add lines 18a through 18d. These are your total other payments and refundable credits 18e 19 Add lines 17 and 18e. These are your total payments 19 Refund 20 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? Routing number Type: Checking Savings See instructions d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 23 You Owe 24 Estimated tax penalty (see instructions)... 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No (Other than Designee's Phone Personal identification paid preparer) name no. number (PIN) Sign 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. Here Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter it here Joint return? (see inst.) See instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Check if: Paid | 3rd Party Designee Preparer Firm's name Phone no. Self-employed Use Only Firm's address Firm's EIN Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040 (2019) 22

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