This assignment requires you to complete four tax forms (Form 1040, Schedule 1, Schedule B, and Qualified Dividends and Capital Gain Tax Worksheet, using the provided taxpayer information. The forms provided are for tax year 2023 (please disregard 2021 date on W2, 1099-INT, and 1090-DIV). . Step 1: Read the information below and download the taxpayer information based on the last two digits of your REDid: REDid ending in 00-19: Form W-2 .+. . 1098-INT +. . 1089-DIV. + REDid ending in 20-39: Form W-2 .+. . 1080-INT +. . 1089-DIV +. REDid ending in 40-59: Form W-2 .+.. 1090-INT .+. . 1098-DIV 4. REDid ending in 60-79: Form W-2 .+. . 1098-INT +. . 1098-DIV.4. REDid ending in 80-99: Form W-2 .4. . 1080-INT +. . 1089-DIV .4_ Step 2: Download the blank forms on which to complete the assignment Blank Form 1040 Blank Form 1040 .+. (filable) Blank Schedule 1 .+. (fillable) Blank Schedule B +. (fillable) Blank Qualified Dividends and Capital Gain Tax Worksheet +. (not fillable - complete by hand and upload image) Step 3: Complete Schedule B first, then Schedule 1, then Form 1040 down through Line 15. Next, complete the Qual Div worksheet and use that information to complete the rest of the Form 1040 Step 4: Submit all 4 documents to complete the assignment. Alexander Smith and his wife Allison are married and will file a joint tax return for 2022. The Smiths live at 1234 Buena Vista Drive. Orlando, FL 32830. Alexander is a commuter airline pilot but took 6 months off from his job in 2023 to obtain a higher-level pilot's license. The Smiths have an 18-year-old son, Brad, who is enrolled in twelfth grade at the Walt Disney Prep School. The Smiths also have a 10-year-old daughter, Angelina, who is a part-time first-year student at Orange County Community College (OCCO). Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OOOO. Sean and Angelina have a 1-year-old child, Track (Social Security number 115-45-7803). All the Shirkers live in an apartment near the Smiths. Angelina and Sean both also work part-time for Sean's wealthy grandfather as apprentices in his business. The Shirker's wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask. Name Social Security number Date of birth Alexander Smith 266-15-1968 09/22/1970 Allison Smith 266-34-1967 07/01/1971 Brad Smith 261-55-2121 12/21/2005 Angelina Shirker 281-45-1212 03/31/2004 Sean Shirker 546-78-1235 05/01/2004 Track Shinker 115-45-7893 10/21/2021 Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789). Alexander pays Jennifer $200 per month in alimony under the divorce decree. Not included with the Smith's tax forms was interest from State of Florida bonds of $145.00. Alexander also received a Form W-2, Form 1090-INT, and Form 1099-DIV that you should have downloaded in Step 1 above.a Employed's social security number Sala, accurate, ONE No. 15:43-0008 FAST! WHO re~file /sit the IRS wobstto at 266-15-1966 b Employer Identification number (BIN) Wayes, Ips, offer compensation Federal Income tax withhold 60-3456789 65, 895.00 6, 010.00 G Employer's name, address, and ZIP code 3 Social security Logs Social security tax withhold Kissimmee Airlines, Inc. 69, 167.00 4, 288.35 2432 Bay Blvd. 5 Medicare wages and lips 6 Modicarg tax withhold 69, 167.00 1, 002.92 Kissimmee, FL 34741 Social security tips B Allocated tips d Control number A Verification poda 10 Dependent care bonolits Employed's first name and Initial Last name 12 80c Instructions for box 12 Alexander T. Smith D 3, 272.00 1234 Buena Vista Drive orlando, FL 32830 I Employee's address and ZIP code Employer's slate ID number 19 Local Income Lik 20 Locally TO FL W-2 Wage and Tax Department of the Treasury-Internal Revenue Borvice Form Statement 2021 Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service.CORRECTED (if checked) PAYER'S name, Street address, ofty of town, state or province, country ZIP Payer's RIN joptional) OMB No. 1545-01 12 or foreign postal code, and folophone no. 2021 Interest Orlando National Bank inforest coma Income 9871 Disney Way 1, 640.26 orlando, FL 32801 S For 1099-INT 2 Early withdrawal panaity Copy B PAYER'S TIN RECIPIENTS TIN For Recipient 3 Intoreed on U.S. Savings Bonds and Treas. obligations 60-7654321 266-15-1966 S RECIPIENT'S name 5 Investment expenses This Is Important tax Information and Is Alexander T. Smith being furnished to the 7 Foreign country or U.S. pompassion IAS. If you are Street address (including apt. noj required to file a Spoiled pinto actully band return, a negligence 1234 Buena Vista Drive penalty of other sanction may be City of town, state or province, country, and ZIP or foreign postal code S S Imposed on you If 10 Maid discount 11 Bond premium this Income Is orlando, FL 32830 taxcable and the IRS determines that it has FATCA OMG S not been reported. noquitoman Account number (pos instructiont) 17 Blaig tax withhold For 1009-INT (keep for your records) Department of the Treasury - Intomal Hovenua BurviceCORRECTED (if checked) PAYER'S name, Street address, ofty of town, state or province, country Zip|1a Total ordinary dividends OMB No. 1345-0110 of foreign postal code, and talophone no. 1, 321.00 Disney Parking Corporation 2021 Dividends and ib Quali Distributions 1500 Reams Rd. 1, 100.00 Lake Buena Vista, FL 32830 S For 1099-DIV Total capital gain disir. 2b Unrecap. Soc. 1250 gain Copy B PAYER'S TIN RECIPIENTS TIN For Recipient 2d (Collectibles pew] gain 57-4443344 266-34-1967 RECIPIENT'S name Federal Income tax withhold 100.00 This Is Important tix Allison Smith Information and b in being fumbhad to Stroot address (including apt. noj required to flies a 1234 Buena Vista Drive penalty of other sanction may bo City of town, state or province, country, and ZIP of foreign postal code Imposed on you If orlando FL 32830 and the IS determines that It has not been reported. FATCARIng Account number jeon trelreliant) For 1009-DIV (keep for your records) Department of the Treasury - Inlumal Havenua florvicaSCHEDULE B Interest and Ordinary Dividends OMB No. 1545-0074 (Form 1040) 2023 Department of the Treasury Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Scheduled for instructions and the latest information Attachment Internal Revenue Service Sequence No. 08 Names) shown on retum Your social security number Alexander T. Smith 246-15-1946 Part I 1 List name of payer. If any interest is from a seller-financed mortgage and the Amount buyer used the property as a personal residence, see the instructions and list this Interest Interest first. Also, show that buyer's social security number and address: (See instructions ime of payer: Orlando National Bank $1,640.26 and the Instructions for Name of payer: State of Florida Bond $145.00 Form 1040, line 2b.) 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 . 2 $1,785.26 Excludable Interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815. . 3 SOTOO Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b $1, 785.26 Note: If line 4 is over $1,500, you must complete Part III. Amount Part II 5 List name of payer: Name of payer: Disney Parking Corporation $1,321.00 Ordinary Dividends (See instructions and the Instructions for Form 1040, line 3b.) 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 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b 6 $1,321.00 on that form. Note: If line 6 is over $1,500, you must complete Part ill Part Ill You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign Foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust Accounts Yes No and Trusts 7a At any time during 2023, did you have a financial interest in or signature authority over a financial Caution: If account (such as a bank account, securities account, or brokerage account) located in a foreign required, failure to file FinCEN Form country? See Instructions 114 may result in If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial substantial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 penalties. Additionally, you and its instructions for filing requirements and exceptions to those requirements . may be required b If you are required to file FinCEN Form 114, list the name(s) of the foreign country(-les) where the to file For 8938 financial account(s) is (are) located: Statement of Specified Foreign Financial Assets. 8 During 2023, did you receive a distribution from, or were you the grantor of, or transferor to, a See instructions. foreign trust? If "Yes," you may have to file Form 3520. See Instructions . For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Schedule B (Form 1040) 2023SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income OMB No. 1545-0074 Attach to Form 1040, 1040-SR, or 1040-NR. 2023 Department of the Treasury 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 Alexander T. Smith and Allison Smith 266-15-1966 Part I Additional Income Taxable refunds, credits, or offsets of state and local income taxes $0.00 a Alimony received 2a $0.00 Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Attach Schedule C . . 3 $0.00 Other gains or (losses). Attach Form 4797 4 $0.00 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 $0.00 Farm income or (loss). Attach Schedule F . . 6 $0.00 Unemployment compensation . . 7 $0.00 B Other income: Net operating loss 8a $0.00 b Gambling 8b $0.00 Cancellation of debt |8c $0.00 Foreign earned income exclusion from Form 2555 | 8d $0.00) Income from Form 8853 . Be $0.00 Income from Form 8889 8f $0.00 g Alaska Permanent Fund dividends 8g $0.00 h Jury duty pay 8h $0.00 Prizes and awards 8i $0.00 Activity not engaged in for profit income 8j $0.00 Stock options . 8k $0.00 Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property 81 $0.00 m Olympic and Paralympic medals and USOC prize money (see instructions) . 8m $0.00 n Section 951(a) inclusion (see instructions) 8n $0.00 Section 951A(a) inclusion (see instructions) 80 $0.00 Section 461(1) excess business loss adjustment 8p $0.00 Taxable distributions from an ABLE account (see instructions) 8q $0.00 Scholarship and fellowship grants not reported on Form W-2 8r $0.00 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line fa or 1d . 8s $0.00 Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan 8t $0.00 u Wages earned while incarcerated Bu $0.00 Z Other income. List type and amount: (Tax-exempt inte 8z $145.00 9 Total other income. Add lines Ba through 8z . . . . . . . 9 $145.00 10 Combine lines 1 through 7 and 9. This is your additional income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 10 $145.00 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040) 2023Schedule 1 (Form 1040) 2023 Page 2 Part II Adjustments to Income 11 Educator expenses . . . . . 11 $0.00 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . . . . . 12 $0.00 13 Health savings account deduction. Attach Form 8889 13 $0.00 14 Moving expenses for members of the Armed Forces. Attach Form 3903 14 $0.00 15 Deductible part of self-employment tax. Attach Schedule SE 15 $0.00 16 Self-employed SEP, SIMPLE, and qualified plans . . 16 $0.00 17 Self-employed health insurance deduction 17 $0.00 18 Penalty on early withdrawal of savings . 18 $0.00 19a Alimony paid . 19a $2,400.00 b Recipient's SSN . 1556789 c Date of original divorce or separation agreement (see instructions): 20 IRA deduction . 20 $0.00 21 Student loan interest deduction 21 $0.00 22 Reserved for future use 22 23 Archer MSA deduction 23 $0.00 24 Other adjustments: a Jury duty pay (see instructions) 24a b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit . 24b $0.00 c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m . . 24c $0.00 d Reforestation amortization and expenses . 24d $0.00 e Repayment of supplemental unemployment benefits under the Trade Act of 1974 . . . 24e $0.00 f Contributions to section 501(c)(18)(D) pension plans . 24f $0.00 g Contributions by certain chaplains to section 403(b) plans 24g $0.00 h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) . 24h $0.00 Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations 24i $0.00 Housing deduction from Form 2555 . . 24j $0.00 k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) . . 24k $0.00 z Other adjustments. List type and amount: 24z $0.00 25 Total other adjustments. Add lines 24a through 24z . . . . . 25 $0.00 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10 26 $2,400.00 Schedule 1 (Form 1040) 20231040 Department of the Trustbury- Inter U.S. Individual Income Tax Return 2023 OMB NO. 1545-0074 IFIS Use Only-Do not write or staple in this space. For the your Jan. 1-Doc. 31, 2023, or other tax year beginning 2023, anding . 20 23 See separate instructions. Your first name and middle initial Lasi name Your social security number Alexander T. Smith 2 6 415196 6 if joint return, spouse's first name and middle initial Lasi name Spouse's social security number Allison Smith 2 6 131967 Home address [number and street). If you have a P.Q. box, see instructions. Apt. no Presidential Election Campaign 1234 Buena Vista Drive Check here if you, or your City, town, or post office. If you have a foreign address, also complete spaces below. State spouse if filing jointly, want $3 Orlando FL DERZE to go to this fund. Checking a box below will not change Foreign country name Foreign province state/county Foreign postal code| your tax or refund. You Spouse Filing Status Single Head of household (HOH) Check only Married filing jointly (even if only one had income) one box. Married filing separately (MFS) Qualifying surviving spouse (OSS] If you checked the MFS box, enter the name of your spouse. If you checked the HOH or OSS box, enter the child's name if the qualifying person is a child but not your dependent: Digital At any time during 2023, did you: (2) receive (as a reward, award, or payment for property or services); or (b) sell, Assets exchange, or otherwise dispose of a digital asset for a financial interest in a digital asset)? (See instructions.] Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate retum or you were a dual-status alien Age/Blindness You: | Were born before January 2, 1969 Are blind Spouse: Was born before January 2, 1959 is blind Dependents (see instructions) 2) Social security (3] Relationship 4 Check the box if qualities for (sen instructions Child tax credit If more (1) First name Last name number to YOU Credit for other depend than four Brad Smith 2 6 1 5 5 2 1 2 1 San dependents, Angelina Shirker 6 1 4 5 1 2 1 2 Daughter see instructions and check Sean Shirker 4 4 7 6 1 2 3 5 Son-in law here Trask Shirker 154 5 7 8 9 3 Grandson Income Total amount from Form(s) W-2, box 1 (see instructions) $45,895.00 Household employee wages not reported on Formis) W-2 Attach Formis) W-2 here. Also Tip income not reported on line fa (see instructions) attach Forms Medicaid waiver payments not reported on Form(s) W-2 (see instructions) W-20 and 1099-R If tax Taxable dependent care benefits from Form 2441, line 26 was withheld. Employer-provided adoption benefits from Form 8839, line 29 If you did not g Wages from Form 8919, line 6 . . get a Form h W-2. 508 Other earned income (see instructions) instructions. Nontaxable combat pay election (see instructions) Z Add lines fa through 1h Attach Sch. B 2a Tax-exempt interest 2a $145.00 b Taxable interest $1,785.26 firequired. Qualified dividends 3a b Ordinary dividends 36 $1,321.00 IRA distributions - 4a b Taxable amount . 4b Standard Deduction for- Pensions and annuities 5a b Taxable amount . 5b Bingla or Social security benefits Ba b Taxable amount . Bb Mamad filing If you elect to use the lump-sum election method, check here (see instructions) $13 850 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here Mamad filing 7 Cindy or Additional income from Schedule 1, Ine 10 . Add lines 12, 2b, 3b, 4b, 5b, 6b, 7, and B. This is your total income 9 $48,856.26 $27.700 10 Adjustments to income from Schedule 1, line 26 10 $2,400.00 household 11 Subtract line 10 from line 9. This is your adjusted gross income 11 $66,456.26 $20 800 If you chacked Standard deduction or itemized deductions (from Schedule A) 12 $27,700.00 any box under 13 Qualified business income deduction from Form 8996 or Form 8995-A 13 Add lines 12 and 13 14 $27,700.00 instructions Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income 15 $38,756.26 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cut. No. 113208 Form 1040 paas)Form 1040 (2023) Page 2 Tax and 16 Tax (see instructions). Check if any from Form(s): 1 0814 2 4972 3 16 $4,272.84 Credits 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 . 10 19 Child tax credit or credit for other dependents from Schedule 8012 19 Amount from Schedule 3, line & 20 Add lines 19 and 20 21 Subtract line 21 from line 18. If zero or less, enter -0- 22 Other taxes, including self-employment tax, from Schedule 2, line 21 23 Add lines 22 and 23. This is your total tax 24 $4,272.84 Payments 25 Federal income tax withheld frome Formis) W-2 25a $4 010.00 Formis) 1098 . 25b $100.00 Other forms (see instructions) 250 P Add lines 25a through 250 25d $0TO0 IT you have a 2023 estimated tax payment lied from 2022 return . 26 $0.00 qualifying child, 27 $0.00 attach Beh. EIC Earned income credit (EIC) . Additional child tax credit from Schedule 8012 $0.00 American opportunity credit from Form 8063, line $0.00 30 Reserved for future use . . 31 Amount from Schedule 3, line 15 . 31 $0.DO 32 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits 32 SOTOL Add lines 25d, 26, and 32. These are your total payments 13 $6,110.00 Refund 34 If line 33 is more than line 24, subtract line 24 from ine 33. This is the amount you overpaid 34 $1,837.16 35a Amount of line 34 you want refunded to you. If Form 8980 is attached, check here 35a $1 837.16 Direct deposit? b Routing number Type: Checking Savings See Instructions d Account number Amount of line 34 you want applied to your 2024 estimated tax $0.DO Amount Subtract line 33 from line 24. This is the amount you owe. You Owe For details on how to pay, go to www.irs. gowPayments or see instructions . Estimated tax penalty (see instructions) $0.00 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. _ No Designon's Phone Personal Identification 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 ballot, 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 hare Joint mium? (son Inst.) Son Instructions. Spouse's signature. If a joint return, both must sign. Data Spouse's occupation If the IAS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (son inst) Phone no. Email address Preparer's name Paid Preparer's signature Data PTIN Check If: Self-employed Preparer Firm's name Phone ino. Use Only Firm's address Firm's EIN Go to www.is.gowFom 1040 for Instructions and the latest Information. Form 1040 pornQualified Dividends and Capital Gain Tax Worksheet-Line 16 Keep for Your Records Before you begin: See the earlier instructions for line 16 to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 or 1040-SR through line 15. If you don't have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040-SR. line 7. 1. Enter the amount from Form 1040 or 1040-SR, line 15. However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet . ...... . . . . . . . . . . .. . 1. 2. Enter the amount from Form 1040 or 1040-SR. line 3a* 2. 3. Are you filing Schedule D?* Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter -0-. No. Enter the amount from Form 1040 or 1040-SR, line 7. 4. Add lines 2 and 3 . . . . . Subtract line 4 from line 1. If zero or less, enter -0- Enter: $41.675 if single or married filing separately, $83.350 if married filing jointly or qualifying surviving spouse. $55,800 if head of household. . . . . . . . b. 7. Enter the smaller of line 1 or line 6 7. pe Enter the smaller of line 5 or line 7 . . . 8. 9 . Subtract line 8 from line 7. This amount is taxed at 0% 10. Enter the smaller of line 1 or line 4 " . . . 10. 11. Enter the amount from line 9 . . 11. 12. Subtract line 11 from line 10 . - 12. 13. Enter: $459,750 if single, $258,600 if married filing separately, $517,200 if married filing jointly or qualifying surviving spouse, . . . . . 13. $488,500 if head of household. 14. Enter the smaller of line 1 or line 13 - 14. 15. Add lines 5 and 9 15. 16. Subtract line 15 from line 14. If zero or less, enter -(- . . 16. 17. Enter the smaller of line 12 or line 16 17. 18. Multiply line 17 by 15% (0.15) 18. 19. Add lines 9 and 17 19. 20. Subtract line 19 from line 10 20. 21. Multiply line 20 by 20% (0.20) 21. 22. Figure the tax on the amount on line 5. If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet .... . . . . . ..... 22. 23. Add lines 18. 21, and 22 23. 24. Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,900 or more, use the Tax Computation Worksheet . . . 24. 25. Tax on all taxable income. Enter the smaller of line 23 or 24. Also include this amount on the entry space on Form 1040 or 1040-SR. line 16. If you are filing Form 2535, don't enter this amount on the entry space on Form 1040 or 1040-SR. line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet . . . . . 25. If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line