Patty Banyan is a single taxpayer, age 27 (birthdate May 18, 1992) living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2019, Patty has no dependents, and received a W-2, from her job at a local restaurant where she parks cars. These wages are Patty's only income for 2019. Required: Complete Form 1040 for Patty Banyan for the 2019 tax year. If there is an over-payment, she would like a refund. She wants to donate $3 to the Presidential Election Campaign Fund. The election to donate does not affect tax liability in any way. Patty has health care coverage for the full year. Enter all amounts as positive numbers. If an amount box requires no entry or the amount is zero, enter "0". If required, round amounts to the nearest dollar. an Employee's social security number 466-33-1234 OMB No. 1545-0008 Safe, accurate, FAST! Use IRSe ~ file Visit the IRS website at www.irs.gov/efile b Employer identification number (EIN) 33-1235672 1 Wages, tips, other compensation 20,051.12 2 Federal income tax withheld 1,197.78 c Employer's name, address, and ZIP code Burger Box 1234 Mountain Road Houston, TX 77099 3 Social security wages 20,051.12 4 Social security tax withheld 1,243.17 5 Medicare wages and tips 20,051.12 6 Medicare tax withheld 290.74 7 Social security tips 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last name Suff. Patty Banyan 543 Space Drive Houston, TX 77099 11 Nonqualified plans 12a See instructions for box 12 13Statutory employee Retirement plan Third-party sick pay ◻ ◻ ◻ Code | 12b 14 Other Code | 12c Code | 12d Code | f Employee's address and ZIP code   15 State TX Employer's state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name               Form W-2 Wage and Tax Statement Copy—To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. 2019 Department of the Treasury—Internal Revenue Service

John Leslie lives with his wife and 21 year old blind son, Keith, who qualifies for the disability tax credit. Keith has no income of his own. During 2020, John paid medical expenses of $16,240 for Keith. None of these expenses involve attendant care. John’s Taxable Income for 2020 was $100,000. Determine the total amount of tax credits related to Keith that will be available to John.

Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2019, Susan’s income is $41,214 and Stan’s is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Collins enrolled in health insurance for all of 2019 through their state exchange but did not elect to have the credit paid in advance. The 2019 Form 1095-A that the Collins received from the exchange lists the following information:Annual premiums $9,800Annual premium for the designated silver plan in the state $10,800 Compute the Collins’ premium tax credit for 2019.

Evan participates in an HSA carrying family coverage for himself, his spouse, and two children. In 2019, Evan has $100 per month deducted from his paycheck and contributed to the HSA. In addition, Evan makes a one-time contribution of $2,000 on April 15, 2020 when he files his tax return. Evan also receives a 2019 Form 1099-SA that reports distributions to Evan of $3,200 which Evan used for medical expenses. Compute the effect of the HSA transactions on Evan's adjusted gross income.These transactions _______ (increase/decrease) Evan's AGI by ____

In each of the following independent situations, determine how much, if any, qualifies as a deduction for AGI under § 222 (qualified tuition and related expenses). If an amount is zero, enter "0". Click here to access Exhibit 9.1 Limitations for Qualified Tuition Deduction. a. Lily is single and is employed as an architect. During 2020, she spends $4,100 in tuition to attend law school at night. Her modified AGI (MAGI) is $64,000. How much is her deduction for AGI under § 222 (qualified tuition and related expenses)? b. Liam is single and is employed as a pharmacist. During 2020, he spends $2,400 ($2,100 for tuition and $300 for books) to take a course in herbal supplements at a local university. His MAGI is $81,000. How much is his deduction for AGI under § 222 (qualified tuition and related expenses)? c. Hailey is married and is employed as a bookkeeper. She spends $5,200 for tuition and $900 for books and supplies in her pursuit of a bachelor's degree in accounting. Her MAGI is…

Karen most had a federal tax levy of 2100.50 against her. If Most is single with two personal exemptions and had take home pay of 499 this week, how much would her employer take from her pay to satisfy part of the tax levy?

Nicholas died on December 27, 2020. His wife, Jessica, has not remarried. On January 31, 2021, Jessica received a check from Party Central Inc. and a letter explaining that the check represents a final payment for contract work Nicholas performed for them in 2020. What is the correct and most favorable method of reporting this income?    As ordinary income on Jessica's 2021 individual tax return.  As income paid to Nicholas's estate, reported on Form 1041.  On the couple's jointly filed 2020 return. If this was not included in the originally filed return, Jessica should file an amended return to include this income.  On a 2021 final tax return for Nicholas that Jessica files on his behalf.

Subject - account  Please help me.  Thankyou.

Karen Most has a federal tax levy of $2,100.50 against her. If Most is single with two personal exemptions and had a take-home pay of $499.00 this week, how much would her employer take from her to satisfy part of the tax levy?

In February 2021 Jin (a single taxpayer) filed her 2020 federal income tax return, claiming a refund of $1,200.  Jin received the refund in March 2021.  Which of the following is true in regards to how that refund will be reflected in Jin's 2021 federal income tax return?       Answers:   The refund will excluded from gross income.   The refund will only be included in gross income if Jin used itemized deductions (including the deduction for relevant taxes) in the prior year.   The refund will only be included in gross income if Jin used the standard deduction in the prior year.     The refund will definitely be included in gross income, regardless of the details of Jin's prior year return.