CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. OMB No. 1545-0110 $ 850.00 Dividends and Distributions Devona Corporation 33133 Hilltop Drive Alpine, CA 91901 2019 1b Qualified dividends 2$ 694.00 Form 1099-DIv 2a Total capital gain distr. 2b Unrecap. Sec. 1250 gain Сopy B 24 For Recipient PAYER'S TIN RECIPIENT'S TIN 2c Section 1202 gain 2d Collectibles (28%) gain 27-1234567 313-13-1313 24 RECIPIENT'S name 3 Nondividend distributions 4 Federal income tax withheld 24 24 0.00 6 Investment expenses This is important tax information and is Sally Heck being furnished to the IRS. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you it this income is taxable and the IRS determines that it has not been reported. 5 Section 199A dividends Street address including apt. no.) 1420 Pasadena Blvd 7 Foreign tax paid 8 Foreign courtry or US. poesession City or town, state or province, country, and ZIP or foreign postal code 2$ Carrollton, TX 75007 9 Cash liquidation distributions 10 Noncash liquidation distributions 24 24 FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends Account number (see instructions) 13 State 14 Szteidentication no 15 State tax withheld 24 Form 1099-DIV (keep for your records) www.irs.gow/Form1099DIV Department of the Treasury - Intermal Revenue Service The Hecks also received the following dividends and interest in 2019 (Forms 1099-DIV not shown): Sally Charles Jointly Qualifying dividends: Altus Inc. $2,000 Buller Corp. Gene Corporation Interest: $350 $3,100 Porcine Bank 1,245 River Bank 650 City of New York Bonds 100 Assuming the Hecks file a joint tax return, complete Schedule B of Form 1040 (on Page 2-53) for them for the 2019 tax year. Do not attempt to complete the Qualified Dividends and Capital Gain Tax Worksheet.

Which of the following, if satisfied in addition to the five-year rule, would allow a distribution from a Roth IRA to be considered a qualified distribution? O 1) The distribution is made on or after the date on which the owner attains age 50. 0:2) The distribution is made to a beneficiary of the owner before the date of the owner's death. 3) The distribution is attributable to the owner being disabled. 4) The distribution is used to pay for a much-needed vacation to Puerto Rico. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Jared and Lima began and finalized the adoption of US child with special needs in 3021. Their total adoption expenses are $3613. They modified adjusted gross income was 203000. What is the maximum amount they may claim for adoption credit

Lee & Marie are married and have four dependent children. At the close of 2020, the children, A, B, C & D, were ages 9, 12, 16 and 18 respectively. This year Lee & Marie reported adjusted gross income of $404,200. What is the allowable child credit for H and W? a. $8,000b. $7,750c. $6,250d. $0e. $6,500

dont provide handwritiing solution ...

Required information Problem 8-70 (LO 8-4) (Algo) [The following information applies to the questions displayed below.] Trey has two dependents, his daughters, ages 14 and 18, at year-end. Trey files a joint return with his spouse. What amount of child tax credit (either as a child or a qualifying dependent) will Trey be able to claim in 2023 for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part a (Algo) a. His AGI is $104,000. Amount of child tax credit

Jim and Jane file jointly and have AMTI of $1,000,000 before considering their AMT exemption. What is their AMTI after taking into consideration the exemption amount for their filing status for 2023? $0 $873,500 $126,500 $1,000,000

A client turned age 72 on October 1, 2021 and must receive a minimum distribution from his IRA account, which had a value (at the end of the prior year) of $48,000. His spouse, age 63, is the beneficiary of the IRA account. The life expectancy according to IRS tables for ages 72 and 73 use the factors of 25.6 and 24.7 respectively. If the client takes a $1,000 distribution by April 1, 2022 what will be the tax penalty, if any, on the first RMD? $0 $376.00 $437.50 $416.00

Barbara has worked for one employer her entire career. While she was working, she participated in the employer’s defined contribution plan [traditional 401(k)]. At the end of 2020, Barbara retires. The balance in her defined contribution plan is $4,000,000 at the end of 2019. Use the below provide abbreviated uniform lifetime table to answer the questions. a. What is Barbara’s required minimum distribution for 2020 that must be distributed in 2021 if she is 68 years old at the end of 2020? b. What is Barbara’s required minimum distribution for 2020 if she turns 72 during 2020? When must she receive this distribution? c. What is Barbara’s required minimum distribution for 2020 that must be distributed in 2021 if she turns 75 years old in 2020? d. Assuming that Barbara is 76 years old at the end of 2020 and her marginal tax rate is 32 percent, what amount of her distribution will she have remaining after taxes if she receives only a distribution of $50,000 for 2020?…

Michelle was paid a retiring allowance of $72,000.00 when her employment was terminated in February 2021. Michelle started with the organization in June 1978 and joined the company pension plan in June 1980. She was fully vested when her employment was terminated. Calculate the portion of Michelle's retiring allowance that will be reported as non- eligible on her T4 information slip.