Carl Conch and Mary Duval are married and file a joint return. Carl works for the Key Lime Pie Company and Mary is a homemaker after losing her job in 2017. Carlâs birthdate is June 14, 1973 and Maryâs is October 2, 1973. Carlâs earnings are reported on the following Form W-2:
Carl and Mary received the following Forms 1099:
Mary is divorced and she pays her ex-husband (Tom Tortuga) child support. Pursuant to their 2015 divorce decree, Mary pays Tom $500 per month in child support. All payments were made on time in 2018.
In June 2018, Maryâs father gave her a cash gift of $75,000. Mary also received unemployment compensation as shown on the following Form 1099-G:
Mary won a $750 prize in a womenâs club raffle in 2018. No income tax was withheld from the prize.
The Key Lime Pie Company provides Carl with a company car to drive while he is working. The Company spent $6,475 to maintain this vehicle during 2018. Carl never uses the car for personal purposes. The Key Lime Pie Company also provides a cafeteria for all employees on the factory premises. Other restaurants exist in the area and so Carl is not required to eat in the cafeteria, but he typically does. The value of Carlâs meals is $650 in 2018.
Required:
Complete Carl and Maryâs federal tax return for 2018 on Form 1040 and Schedule 1.
Safe, acourale, OME No. 1545000 FASTI Use Vis the wosto e filewww.s.gowee 835-21-5423 bimployer deicalion numberN 61-7654321 e Emplyer's name, ado and ZPcode ways on p n 67,700.00 3 SOa tywages 67,700.00 6 Mee wages and tips 67,700.00 7 Sodial securty fips 6,700.00 4,197,40 6 Modicare tax withhold Key Lime Pie Company 223 Key Deer Blvd. Big Pine Key, FL 33043 981.65 I Aoced lips d Contol nuber 9 Verlicalioncode TO Dopendert care benilis e Empioe's st name and niia La name S11 Nonquaired plam 12a See nstrtions for box t2 C| 240.00 Carl Conch 12b plo 1234 Mallory Square, Apt #64 Key West, FL 33040 14 Olher 120 Parking $1,680.00 f Employee's adess and ZIPoode Employer's stale D number 15 16 the wa e 17 Stale incomo lax 18 Lool wg, p, ete 19 Localnc ha 20 Loy FL O CORRECTED (if checked) PAYEH'S nam, stroet address, cty or lown, state or province, country, AP Payers RIN (optiore or forcign postal coda, and taphone no. OMB NO. 1545-0112 Interest Coral Reef Bank 2018 1 Interet income Income 3102 Simonton Street 355.24 Key West, FL 33040 %24 2 Eaty withdrwal penaty Fom 1099-INT Сopy В PAYERS TIN %24 RECIPIENTS TIN For Reciplent 3 Interest on U.S. Savings Bonds and Treas obigtions 31-1234444 633-65-7912 %24 4 Fedenl income tax withhed Sivetment coxponses 2$ G Foregn tax pad RECIPIENT'S name This is important tax information and is being fumished to the If you are o fle a retum a negigen panalty or dnr sarction may be imponed on you this income is baxable and the IRS datorminas that it has not boon reported Mary Duval and Carl Conch 7 Faeign catyoruS passske Stret adtes (ncuding apt o) 8 Tax cempt interest O Spced pha advy tend 1234 Mallory Sq. Apt 64 eest %24 10 Market dscount 24 11 Bond promum Cay or town, stale or provnce, courtry, and ZIP or foraign postal code Key West, FL 33040 FAICA ing$ mqinmert 12andpnkn ytigtim 13 peinan mptba %24 2$ 14 Tax compl and tax credt band CuSPna Account numter oe ietructions) 15 Skle 16 State dentalanna 17 Stale tax withhed O CORRECTED (if checked) OMB No. 1545-0110 PAYER'S name, stroot address, city or town, state or province, country, ZIP ta Total ordinay dividends or forekgn postal code, and okphohe no 210.00 2018 Dividends and Distributions Southwest Corporation РО Вох 36611 Dallas, TX 75235 1b Quiltod divkiands 0.00 Form 1009-DIV 2 Total capital gain distr. 2 Unrecap. Sec. 125o gain Соpy B For Recipient PAYER'S TIN RECPIENT'S TIN 20 Sacton 1202 gun 24 Colicitikn (p)gan 74-1536241 835-21-5423 RECIPIENT S name 3 Nondividend dbutions 4 Foderal income tax wihhek This is important tax Information and is boing turmishod to the fis you are required to tle a rutum, a negigence panalty or other sinction my be imposed on you is income is tae and the RS delemines that it hn not been mportad. Carl Conch 5 Soction 19A dividends 6 Imvestmont eapensen Sheet iuss nciuding apt no.) 1234 Mallory Square, #64 7 Fomign tix paid * Fer cay o US pai City or lown, siale or province, couniy, and ZIPor fomign postal code 24 Key West, FL 33040 9 Cash qudation distributiore 10 Nonczh qudation detutons FATCA ing 11 Exempl interest dividends 12 Speciliod privale activty requiromont bond intiest dividends %24 Account number (se iretruction 13 State | 14 na 15 Statu tox withhold 1000 DTIV CORRECTED (if checked) PAYER'S name, strost address, city or town, stale or province, country, ZP 1 Uhemployment compansation OMB No. 1545-0120 or foregn postal code, and bokphone no Florida Dept. of Econ. Opportunity РО Вох 5250 Tallahassee, FL 32315-5250 Certain Government Payments 2,800.00 24 2 State or ocal income tax efunds, Cods, or offuts 2018 24 3 Box 2 amount for tax yoar 4 Federal Income taDK withheld Fom 1099-G Соpy B For Recipient PAYER'S TIN RECIPIENT'S TIN 633-65-7912 21-5556666 RECIPIENTS name Is 160.00 6Tacable grants SATAM payments This is important kax Informition and is being tumkhod to the IRSfyou are required o flea rotim, a noglgence penaly or other sanctiin may be Imposed on yu if this nome is tkable and 10b State kdaotion no1sda no a he IRS delinen that I24 Mary Duval Bif checked, bax 2s tade or business .O Income 7Agikuture paymonts $ 9 Market gain 24 Shoat addrens (ncluding apt no) 1234 Mallory Square, Apt 64 City or town, state or province, county, and AP or oreign postal code Key West, FL 33040 Account number (sen instructions 10a State It has not boon reported 1000 C
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