TR 23.6 Jim & Dana Taxpayer
Task
File the tax returns based on Tax Scenario & Facts. Form W2 provided below.
Tax Scenario & Facts
Jim Taxpayer needs you to prepare his 2023 1040 tax return. He is an elementary school teacher at Educational Endeavors, a private school in Tennessee. He is married to his wife Dana and they wish to file asmarried filing jointly. She is also an employee of Educational Endeavors and works as a cashier in the cafeteria. Jim has a high deductible health insurance policy for his family through his employment and contributed to his HSA through his employer and also $500 outside of his payroll deduction. They spent $6,000 out of the HSA funds. Only $200 out of the $6,000 was not spent on qualified medical expenses. They had no digital asset transactions during 2023.
The Taxpayers have one son named Hubert. They paid $5,000 to Educational Endeavors for daycare for Hubert.
Educational Endeavors Daycare
EIN # 38-9933667
899 KNOWLEDGE DRIVE
Knoxville, TN 37916
Also, in March of 2023 Dana’s mother Gladys could no longer be trusted
to live on her own and to Jim’s dismay began living with Jim and Dana.
Gladys is fully supported by Jim and Dana.
Jim used $500 of his own money to buy materials for his students.
Please help Jim and Dana by preparing their 2023 individual income tax
return based on this information along with the tax forms received.
| Name | SSN | DOB | Address |
| JIM Taxpayer | 305-44-0001 | 11/11/1974 | 1776 STATE STREET KNOXVILLE,TN 37916 |
| DANA Taxpayer | 305-44-0002 | 4/12/1989 | |
| GLADYS SMITH | 305-44-0003 | 12/4/1947 | |
| HUBERT Taxpayer | 305-44-0004 | 12/15/2021 |
. W-2 statement (Dana) : Click Here
. W-2 statement (Jim) : Click Here
. 1099-SA : Click Here
1098-E : Click Here
Solution – Jim Taxpayer needs you to prepare his 2023 1040 tax return
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