Question: Using this information, create a tax return with a tax refund due number at the end. Based on the facts below, complete Form 1040 and

 Using this information, create a tax return with a tax refund
due number at the end. Based on the facts below, complete Form
1040 and Schedule B for 2017 using ProConnect You may work aloneUsing this information, create a tax return with a tax refund due number at the end.

Based on the facts below, complete Form 1040 and Schedule B for 2017 using ProConnect You may work alone or you may work with one other person (as you previously indicated in the ProConnect Introduction assignment), If you work with another person, submit only one tax return and indicate both your names in the Comments section of the assignment Facts Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501, Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm. During 2017, the Deans recorded the following receipts: $101,000 Salaries (S60,000 for Lance, $41,000 for Wanda) Interest income City of Albuquerque general purpose bonds Ford Motor Company Ally Bank certificate of deposit $1,000 1,100 Child support payments from John Allen Annual gifts from parents Settlement from Roadrunner Touring Company Lottery winnings (not reported on Form W-2G) Federal income tax withheld (for tax year 2016) 2,500 7,200 26,000 90,000 600 400 Wanda was previously married to John Allen. When they divorced in 2013, Wanda was awarded custody of their two children, Penny and Kyle. Under the divorce agreement, John was obligated to pay alimony and child support-the alimony payments were to terminate if Wanda remarried In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus As the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her $90,000 cash in settlement of the physical personal injuries she sustained. The Dean household includes the following, for whom they provide more than half of the support: Lance Dean Wanda Dean Penny Allen Kyle Allen 123-45-6786 123-45-6787 123-45-6788 123-45-6789 12/16/1976 08/08/1978 009/1999 OS/03/2002 39 18 15 Federal income tax withheld is $4,200 for Lance and S2,100 for Wanda. The proper amount of Social Security and Medicare tax was withbeld. All members of the family were covered by health insurance for all of 2017. Determine the 2017 Federal income tax for the Deans on a joint return. When you are ready to begin the assignment, sign in and click on "New Return" in the top right corner Enter the taxpayers' information under "Create a new client." .Enter the name, address, and date of birth of only one of the taxpayers. You'l have a chance to enter th e spouse information later. Click Save and Continue. Based on the facts below, complete Form 1040 and Schedule B for 2017 using ProConnect You may work alone or you may work with one other person (as you previously indicated in the ProConnect Introduction assignment), If you work with another person, submit only one tax return and indicate both your names in the Comments section of the assignment Facts Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501, Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm. During 2017, the Deans recorded the following receipts: $101,000 Salaries (S60,000 for Lance, $41,000 for Wanda) Interest income City of Albuquerque general purpose bonds Ford Motor Company Ally Bank certificate of deposit $1,000 1,100 Child support payments from John Allen Annual gifts from parents Settlement from Roadrunner Touring Company Lottery winnings (not reported on Form W-2G) Federal income tax withheld (for tax year 2016) 2,500 7,200 26,000 90,000 600 400 Wanda was previously married to John Allen. When they divorced in 2013, Wanda was awarded custody of their two children, Penny and Kyle. Under the divorce agreement, John was obligated to pay alimony and child support-the alimony payments were to terminate if Wanda remarried In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus As the driver was clearly at fault, the owner of the bus, Roadrunner Touring Company, paid her $90,000 cash in settlement of the physical personal injuries she sustained. The Dean household includes the following, for whom they provide more than half of the support: Lance Dean Wanda Dean Penny Allen Kyle Allen 123-45-6786 123-45-6787 123-45-6788 123-45-6789 12/16/1976 08/08/1978 009/1999 OS/03/2002 39 18 15 Federal income tax withheld is $4,200 for Lance and S2,100 for Wanda. The proper amount of Social Security and Medicare tax was withbeld. All members of the family were covered by health insurance for all of 2017. Determine the 2017 Federal income tax for the Deans on a joint return. When you are ready to begin the assignment, sign in and click on "New Return" in the top right corner Enter the taxpayers' information under "Create a new client." .Enter the name, address, and date of birth of only one of the taxpayers. You'l have a chance to enter th e spouse information later. Click Save and Continue

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