TR 23.7 Jim & Dana Taxpayer
Task
File the tax returns based on Tax Scenario & Facts, Form W2, Form 1099-INT and SSA-1099 provided below.
Tax Scenario & Facts
Jim and Dana Taxpayer are married and will file a joint tax return. Jim is an engineer and Dana is a librarian at her local Library. They live with their two granddaughters Laura and Jackie. Jim and Dana paid all their support in 2023.
Dana worked part time, received a 1099-INT and collected $22,000 in Social Security in 2023.
Your assignment is to prepare Jim and Dana’s federal income tax return, Form 1040 for the year ending December 31, 2023. They reside at 1244 Main St. Big Rock, TN 37023.
| Jim | Dana | Jackie | Laura | |
| SSN | 305-44-0001 | 305-44-0002 | 305-44-0003 | 305-44-0004 |
| DOB | 2/14/1963 | 2/17/1953 | 4/24/2020 | 12/30/2023 |
Jackie’s social security number is not valid for employment. She was born overseas and lawfully admitted to the United States without work authorization from DHS and was issued a social security number not valid for employment to receive a federal benefit.
If any facts are missing please assume that they do not apply to the taxpayers.
Form W-2 (Robot Al Company) : Click Here
Form W-2 (Local Library) : Click Here
Form 1099-INT (Local Bank of Nashville) : Click Here
Form SSA-1099 : Click Here
Standard Deduction Chart : Click Here
Helpful Links:
. https://www.irs.gov/
. https://www.irs.gov/pub/irs-prior/p17 — 2023.pdf
Solution – Jim and Dana Taxpayer are married and will file a joint tax return
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