Taxation Analysis Assignment | Cheap Essay Services

Please review attachments. The numbers are computed. I need someone to help me fill out form 1040, schedule a and SCHEDULE B (Form 1040 or 1040-SR)
Department of the Treasury Internal Revenue Service (99)
Interest and Ordinary Dividends
▶ Go to www.irs.gov/ScheduleB for instructions and the latest information. ▶ Attach to Form 1040 or 1040-SR.
OMB No. 1545-0074
2019
Attachment Sequence No. 08
Name(s) shown on return
Your social security number
Part I
Interest
(See instructions and the instructions for Forms 1040 and 1040-SR, line 2b.)
Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm’s name as the payer and enter the total interest shown on that form.
1
List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer’s social security number and address ▶
1
Amount
2
Add the amounts on line 1……………….
2
3
Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815………………….
3
4
Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b……………………▶
4
Note: If line 4 is over $1,500, you must complete Part III.
Amount
Part II
Ordinary Dividends
(See instructions and the instructions for Forms 1040 and 1040-SR, line 3b.)
Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm’s name as the payer and enter the ordinary dividends shown on that form.
5
List name of payer ▶
5
6
Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b ……………………▶
6
Note: If line 6 is over $1,500, you must complete Part III.
Part III
Foreign Accounts and Trusts
Caution: If required, failure to file FinCEN Form 114 may result in substantial penalties. See instructions.
You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.
Yes
No
7
a
At any time during 2019, did you have a financial interest in or signature authority over a financialaccount (such as a bank account, securities account, or brokerage account) located in a foreigncountry? See instructions ……………………
If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and FinancialAccounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114and its instructions for filing requirements and exceptions to those requirements ……
b
If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located ▶
8
During 2019, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If “Yes,” you may have to file Form 3520. See instructions ………
For Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 17146N
Schedule B (Form 1040 or 1040-SR) 2019

Taxation

Part 1- Tax Computation

Computation of the net tax payable or refund due for the person A and person B

Itemized deductions are summarized below:

In addition to the Byrd’s son John, Bruce ‘s father, Sam qualifies as a dependent. Therefore, the deductible is $13600 (3400*4). Cynthia may not be claimed as a dependent because she is not under the age of 24.

Part 2- Tax Planning

Working

Summary of itemized deductions