Question: Please let me know what information is needed for a 2022 manual paper tax return and where to fill the info out in the relevant
Please let me know what information is needed for a 2022 manual paper tax return and where to fill the info out in the relevant tax form. Please show any calculations for the the info below.
16. Austin attends South Central Houston College, the local community college (EIN: 12-
2345678). Austin lives on campus and does not plan to return home after completing
school.
17. Steven wants to make the maximum contribution to an IRA. Determine how much he can
contribute and how much he can deduct. He will contribute any non-deductible amount to
a non-deductible traditional IRA. (Recall these contributions can be made up to April 15,
2023). Steven has never contributed to an IRA before. Write an explicit answer for Steven
regarding what his maximum contribution/deduction to an IRA on your back calculations
page.
18. Steven and Kristin want their kids to learn to fight, so they paid $4,500 for Stephanies
summer day camp for karate at Karate Kids (1593 Hunter Rd., Dallas, TX 75202, EIN:
555-55-5555).
19. The Andersons made federal estimated tax payments related to the 2022 tax year as
follows:
April 15, 2022 $7,500
June 15 $7,500
September 15 $7,500
January 15, 2023 $7,500
20. Other Information
The Andersons did not own, control, or manage any foreign bank accounts or
cryptocurrency, nor were they a grantor or beneficiary of a foreign trust during the tax
year.
The Andersons do not want to contribute to the Presidential Election Campaign.
The Andersons would like to receive a refund (if any) of tax they may have overpaid for
the year. Their preferred method of receiving the refund is by check.
If they have an underpayment, you do not need to compute any penalty.
Please complete Form 6251 even if the Andersons dont owe AMT.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
