Prepare a Form 1040 (with Schedule A and Schedule 1 attached)

Prepare a Form 1040 for John and Shannon, based on the information below. John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1982), and Shannon's is 412-34-5671 (date of birth 11/3/1984). John's W-2 contained the following information: Wages (box 1) = $66,346.74 Federal W/H (box 2) = $ 5,224.75 Social security wages (box 3) = $66,346.74 Social security W/H (box 4) = $ 4,113.50 Medicare wages (box 5) = $66,346.74 Medicare W/H (box 6) = $ 962.03 Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $2,711 for the year with federal withholding of $340.25. In the same year, they had the following medical costs: Shannon's prescribed diabetes medication $ 4,250 Shannon's hospital charges 9,350 Shannon's regular physician visits 835 Shannon's eye doctor 75 Shannon's diabetes blood testing supplies 685 Insurance reimbursements 1.925 In addition, they had the following other expenses: State income taxes $4,950 4,170 Real estate property taxes Car loan interest 500 765 Personal property taxes Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense 2.135 9.970 Union dues for John 575 Tax preparation fees 175 Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banions using any appropriate worksheets. 1040 Department of the Treasury Internal Revenue Service U.S. Individual Income Tax Retur 2020 OMB No. 1545-0074 RS Use Only- Do not wile or staple in this space Filing Status Single Married filing jointly Married filing separately (MFSHead of household (HOH) Qualifying widower) (OW) Check only one box. If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number Fjoint return, spouse's first name and middle initial Last name Spouse's social security number JUU Home address (number and street). If you have a P.O. bax, see instructions. Apt.no Presidential Election Campaign Check here if you, or your spouse ir ning jointly, want $3 City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code to go to this fund. Checking a box below will not change Foreign country name Foreign province/stat/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse iternizes on a separate return or you were a dual-status alien Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship 14 i qualifies for see instructions): If more (1) First name number Last name to you Child tax credit Credit for other dependents than four dependents, see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 2a Tax-exempt interest. 2a b Taxable interest 2b Sch. Bir 3a Qualified dividends b Ordinary dividends 3b required 4a IRA distributions. 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social Security benefits 6 b Taxable amount 6b Deduction for 7 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here Singer 8 Married fling 8 Other income from Schedule 1, line 9. 9 9 Add lines 1, 2, 3, 4, 5, 6b. 7, and 8. This is your total income - Married fling 10 Adjustments to income: Jointly or a From Schedule 1, line 22 10a Widow or 304,800 b Charitable contributions if you take the standard deduction. See instructions 10b Head of c Add lines 10a and 10b. These are your total adjustments to income 10c household $18.650 11 Subtract line 10c from line 9. This is your adjusted gross income 11 - If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction, 14 Add lines 12 and 13 14 se instructions. 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-o- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cal. No. 113200 Form 1040 2000 A Gullying nontaxable Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 24972 30 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17. 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: a Form(s) W-2 25a b Form(s) 1099 25b c Other forms (sce instructions) 25c d Add lines 25a through 25c 25d 26 2020 estimated tax payments and amount applied from 2019 return. 26 - If you have a qualifying child, 27 Eamed income credit (EIC). 27 attach Sch EIC - If you have 28 Additional child tax credit. Attach Schedule 8812 28 29 American opportunity credit from Form 8863, line 8. 29 combat pay. so instructions. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? b Routing number c Type: Checking Savings See instructions Account number 36 Amount of line 34 you want applied to your 2021 estimated tax. 36 Amount Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3. line 12e, and its instructions for details. instructions. 38 Estimated tax penalty (see instructions). 38 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identification name number (PIN Sign Under penalties of perjury, I dedare 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 IAS 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 IAS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Email address Preparer's name Date Preparer's signature PTIN Paid Check it: Self-employed Preparer Firm's name Phone no. Use Only Firm's address Firm's EIN 37 . Phone no OMB No. 1545-0074 SCHEDULE A Itemized Deductions (Form 1040) Go to www.irs.gov/ScheduleA for instructions and the latest information. 2020 Department of the Treasury Attach to Form 1040 or 1040-SR. Internal Revenue Service (99) Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Attachment 1 Medical and Dental Expenses 3 4 Taxes You Paid Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040 or 1040-SR, line 11 2 3 Multiply line 2 by 7.5% (0.075). 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- 5 State and local taxes. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box.. b State and local real estate taxes (see instructions) c State and local personal property taxes. d Add lines 5a through 5c ... e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount 5a 5b 5c 5d 5e 7 Interest You Paid Caution: Your mortgage interest deduction may be limited (see instructions). 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box.. a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8 8b 10 c Points not reported to you on Form 1098. See instructions for special rules 8C d Mortgage insurance premiums (see instructions). 8d e Add lines Ba through 8d 8e 9 Investment interest. Attach Form 4952 if required. See instructions. 9 10 Add lines 8e and 9 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, see Charity instructions. 11 Caution: If you 12 Other than by cash or check. If you made any gift of $250 or more, made a gift and got a benefit for it, see instructions. You must attach Form 8283 if over $500. 12 see instructions. 13 Carryover from prior year 13 14 Add lines 11 through 13. Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified Theft Losses disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions Other 16 Otherfrom list in instructions. List type and amount Itemized Deductions Total 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Itemized Form 1040 or 1040-SR line 12 14 15 16 17 SCHEDULE 1 OMB No. 1545-0074 (Form 1040) Additional Income and Adjustments to Income 2020 Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Attachment Internal Revenue Service Go to www.irs.gov/Form1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number 1 2a 3 4 5 6 6 7 8 9 10 PartAdditional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C 4 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F 1 Unemployment compensation. 8 Other income. List type and amount 9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8. Partl Adjustments to Income 10 Educator expenses. 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP, SIMPLE, and qualified plans 16 Self-employed health insurance deduction. 17 Penalty on early withdrawal of savings 18a Alimony paid. b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 20 Student loan interest deduction 21 Tuition and fees deduction. Attach Form 8917 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10a For Paperwork Reduction Act Notice, see your tax return instructions. 11 12 13 14 15 16 17 18a 19 20 21 22 Schedule 1 (Form 1040) 2020 Cat. No. 71479F Prepare a Form 1040 for John and Shannon, based on the information below. John and Shannon O'Banion, who live at 3222 Pinon Drive, Mesa, CO 81643, file as married filing jointly. John's social security number is 412-34-5670 (date of birth 5/12/1982), and Shannon's is 412-34-5671 (date of birth 11/3/1984). John's W-2 contained the following information: Wages (box 1) = $66,346.74 Federal W/H (box 2) = $ 5,224.75 Social security wages (box 3) = $66,346.74 Social security W/H (box 4) = $ 4,113.50 Medicare wages (box 5) = $66,346.74 Medicare W/H (box 6) = $ 962.03 Shannon did not work for the year due to a medical condition but did receive unemployment compensation of $2,711 for the year with federal withholding of $340.25. In the same year, they had the following medical costs: Shannon's prescribed diabetes medication $ 4,250 Shannon's hospital charges 9,350 Shannon's regular physician visits 835 Shannon's eye doctor 75 Shannon's diabetes blood testing supplies 685 Insurance reimbursements 1.925 In addition, they had the following other expenses: State income taxes $4,950 4,170 Real estate property taxes Car loan interest 500 765 Personal property taxes Cash charitable contributions (made ratably throughout the year to their church) Mortgage interest expense 2.135 9.970 Union dues for John 575 Tax preparation fees 175 Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banions using any appropriate worksheets. 1040 Department of the Treasury Internal Revenue Service U.S. Individual Income Tax Retur 2020 OMB No. 1545-0074 RS Use Only- Do not wile or staple in this space Filing Status Single Married filing jointly Married filing separately (MFSHead of household (HOH) Qualifying widower) (OW) Check only one box. If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number Fjoint return, spouse's first name and middle initial Last name Spouse's social security number JUU Home address (number and street). If you have a P.O. bax, see instructions. Apt.no Presidential Election Campaign Check here if you, or your spouse ir ning jointly, want $3 City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code to go to this fund. Checking a box below will not change Foreign country name Foreign province/stat/county Foreign postal code your tax or refund. You Spouse At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse iternizes on a separate return or you were a dual-status alien Age/Blindness You Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship 14 i qualifies for see instructions): If more (1) First name number Last name to you Child tax credit Credit for other dependents than four dependents, see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 2a Tax-exempt interest. 2a b Taxable interest 2b Sch. Bir 3a Qualified dividends b Ordinary dividends 3b required 4a IRA distributions. 4a b Taxable amount 4b 5a Pensions and annuities 5a b Taxable amount 5b Standard 6a Social Security benefits 6 b Taxable amount 6b Deduction for 7 7 Capital gain or loss). Attach Schedule Dif required. If not required, check here Singer 8 Married fling 8 Other income from Schedule 1, line 9. 9 9 Add lines 1, 2, 3, 4, 5, 6b. 7, and 8. This is your total income - Married fling 10 Adjustments to income: Jointly or a From Schedule 1, line 22 10a Widow or 304,800 b Charitable contributions if you take the standard deduction. See instructions 10b Head of c Add lines 10a and 10b. These are your total adjustments to income 10c household $18.650 11 Subtract line 10c from line 9. This is your adjusted gross income 11 - If you checked 12 Standard deduction or itemized deductions (from Schedule A) 12 any box under Standard 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 13 Deduction, 14 Add lines 12 and 13 14 se instructions. 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-o- 15 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cal. No. 113200 Form 1040 2000 A Gullying nontaxable Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 24972 30 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17. 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: a Form(s) W-2 25a b Form(s) 1099 25b c Other forms (sce instructions) 25c d Add lines 25a through 25c 25d 26 2020 estimated tax payments and amount applied from 2019 return. 26 - If you have a qualifying child, 27 Eamed income credit (EIC). 27 attach Sch EIC - If you have 28 Additional child tax credit. Attach Schedule 8812 28 29 American opportunity credit from Form 8863, line 8. 29 combat pay. so instructions. 30 Recovery rebate credit. See instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? b Routing number c Type: Checking Savings See instructions Account number 36 Amount of line 34 you want applied to your 2021 estimated tax. 36 Amount Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for For details on how to pay, see 2020. See Schedule 3. line 12e, and its instructions for details. instructions. 38 Estimated tax penalty (see instructions). 38 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. No Designee's Phone Personal identification name number (PIN Sign Under penalties of perjury, I dedare 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 IAS 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 IAS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Email address Preparer's name Date Preparer's signature PTIN Paid Check it: Self-employed Preparer Firm's name Phone no. Use Only Firm's address Firm's EIN 37 . Phone no OMB No. 1545-0074 SCHEDULE A Itemized Deductions (Form 1040) Go to www.irs.gov/ScheduleA for instructions and the latest information. 2020 Department of the Treasury Attach to Form 1040 or 1040-SR. Internal Revenue Service (99) Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Attachment 1 Medical and Dental Expenses 3 4 Taxes You Paid Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040 or 1040-SR, line 11 2 3 Multiply line 2 by 7.5% (0.075). 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- 5 State and local taxes. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box.. b State and local real estate taxes (see instructions) c State and local personal property taxes. d Add lines 5a through 5c ... e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount 5a 5b 5c 5d 5e 7 Interest You Paid Caution: Your mortgage interest deduction may be limited (see instructions). 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box.. a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8 8b 10 c Points not reported to you on Form 1098. See instructions for special rules 8C d Mortgage insurance premiums (see instructions). 8d e Add lines Ba through 8d 8e 9 Investment interest. Attach Form 4952 if required. See instructions. 9 10 Add lines 8e and 9 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, see Charity instructions. 11 Caution: If you 12 Other than by cash or check. If you made any gift of $250 or more, made a gift and got a benefit for it, see instructions. You must attach Form 8283 if over $500. 12 see instructions. 13 Carryover from prior year 13 14 Add lines 11 through 13. Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified Theft Losses disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions Other 16 Otherfrom list in instructions. List type and amount Itemized Deductions Total 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Itemized Form 1040 or 1040-SR line 12 14 15 16 17 SCHEDULE 1 OMB No. 1545-0074 (Form 1040) Additional Income and Adjustments to Income 2020 Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Attachment Internal Revenue Service Go to www.irs.gov/Form1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number 1 2a 3 4 5 6 6 7 8 9 10 PartAdditional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C 4 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F 1 Unemployment compensation. 8 Other income. List type and amount 9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8. Partl Adjustments to Income 10 Educator expenses. 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP, SIMPLE, and qualified plans 16 Self-employed health insurance deduction. 17 Penalty on early withdrawal of savings 18a Alimony paid. b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 20 Student loan interest deduction 21 Tuition and fees deduction. Attach Form 8917 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10a For Paperwork Reduction Act Notice, see your tax return instructions. 11 12 13 14 15 16 17 18a 19 20 21 22 Schedule 1 (Form 1040) 2020 Cat. No. 71479F