Please complete the required federal individual income tax return

Please complete the required federal individual income tax return forms for Bob and Melissa Grant for the 2013 tax year.  Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040.  If required information is missing, use reasonable assumptions to fill in the gaps.

Bob (age 43) and Melissa Grant (age 43) are married and live in Lexington, Kentucky.  The Grants have two children Jared, age 15, and Alese, age 12.  The Grants would like to file a joint tax return for the year.

The following information relates to the Grants’ tax year:

             Bob’s Social Security number is 987-45-1234

             Melissa’s Social Security number is 494-37-4893

             Jared’s Social Security number is 412-32-5690

             Alese’s Social Security number is 412-32-6940

             The Grants’ mailing address is 95 Hickory Road, Lexington, Kentucky 40502.

             Jared and Alese are tax dependents for federal tax purposes

 

Bob Grant received the following during the year:

Employer                    Gross Wages               Federal Income Tax Withheld     State Income Tax Withheld

National Storage              $66,200                $8,000                                                                   $3,750

Lexington Little League$   2,710                                  $    0                                                                     $      0

Melissa Grant received the following during the year:

Employer                    Gross Wages               Federal Income Tax Withheld     State Income Tax Withheld

Jensen Photography      $24,500                $2,450                                                                   $1,225

All applicable and appropriate payroll taxes were withheld by Grants’ respective employers.

The Grants also received the following during the year:

Interest income from First Kentucky Bank                                                            $130

Interest income from City of Lexington, KY Bond                                                               $450

Interest income from U.S. Treasury Bond                                                             $675

Interest income from Nevada State School Board Bond                                 $150

Dividends from Target Corporation Common Stock                                          $2,100

Workers’ compensation payments to Bob                                                            $4,350

Disability payments received by Bob on account of injury                              $3,500

             National Storage paid 100% of the premiums on the policy and included the premium payments in Bob’s taxable wages

Receipt of payment by Melissa as a result of a lawsuit for damages sustained in a car accident:

             Medical Expenses                            $2,500

             Emotional Distress                           $12,000

             Punitive Damages                            $10,000

                                                Total                                                      $24,500

Eight years ago, Melissa purchased an annuity contract for $88,000.  She received her first annuity payment on January 1, 2013.  The annuity will pay Melissa $15,000 per year for ten years (beginning with this year).  The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entry of “7” on the form).

The Grants did not own, control or manage any foreign bank accounts nor were they a grantor or beneficiary of a foreign trust during the tax year.

The Grants paid or incurred the following expenses during the year:

Dentist/Orthodontist (unreimbursed by insurance)                         $10,500

Doctors (unreimbursed by insurance)                                                    $      625

Prescriptions (unreimbursed by insurance)                                          $      380

KY state tax payment made on 4/15/13 for 2012 liability                 $   1,350

Real property taxes on residence                                                             $   1,800

Vehicle registration fee based upon age of vehicle                           $      250

Mortgage interest on principal residence                                              $   8,560

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.

Essays

Research Papers

At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.

Admissions

Thesis Writing Service

Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?

Editing

Custom Papers

Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.

Coursework

Essay Writing

Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.

Coursework

Coourse Work Writing

Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !

Coursework

Dissertation Writing Service

High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.