Form 1040 Form 1040 Department of the Treasury Internal Revenue Service 2016 U.S. Individual Tax Form OMB No XXXXXXXXXX IRS Use Only--Do not write or staple in this space For the year Jan.1--Dec....

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Using the case data from the attachedCase 1, completeForm 1040. Complete thetemplate,attached below the assignment in the modules tab, that has the respective tax forms and schedules required to complete the return. Complete all of the remaining parts of your respective business tax return for which there is information.


Form 1040 Form 1040 Department of the Treasury Internal Revenue Service2016 U.S. Individual Tax Form OMB No.1545-0074IRS Use Only--Do not write or staple in this space For the year Jan.1--Dec. 31,2016, or any other tax year beginning,2016,,20See Separate Instructions Your first name and initialLast nameSocial Security Number If a joint return, spouses first name and initialLast nameSpouse Social Security Number Home address( number and street). If you have a P.O. Box, see instructionsMake Sure that the SSN(s) above and on line 6c are correct. City, town, or post office, state, and zip code. If you have a foreign address, also complete spaces below (see instructions).Presidential Election Campaign Check here if you, or your spouse if filing jointly, Foreign country nameForeign province/state/countryForeign postal codechecking this box below will not change your tax refund.youspouse Filing Status1. Single4.Head of Household (with qualifying person.) (See instructions.) If Check only one box2.. married filing jointlythe qualifying person is a child but not your dependent, enter this 3. Married filing separately. Enter spouse's SSN abovechild's name here and full name here.5. Qualifying Window(er) with dependent child Exemptions6a Yourself. If someone can claim you as a dependent, do not check box 6a]Boxes checked b spouse]on 6a and 6b If more than fourc. Dependents dependents, see(1) First nameLast name(2) dependents(3) dependents (4) check if child under age 17No. of children instructions and social security numberrelationship to youqualifying for tax credit seeon 6c who: check hereinstructions.lived with you did not live with you due to divorce or separation (see instructions) Dependents on 6c not entered above d. Total number of Exemptions ClaimedAdd numbers on lines above Income7Wages, salaries, tips, etc. Attach Forms (W-2)7 8aTaxable interest. Attach Schedule B if required8a Attach Form(s)bTax-exempt interest. Do not include on line 8a8b W-2 here. Also9aOrdinary dividends. Attach Schedule B if required9a attach Forms(s) bQualified dividends9b W-2 and 1099-R10Taxable refunds, credits, or offsets state or local income taxes10 if tax was withheld.11Alimony received11 12Business income or (loss). Attach Schedule C or C-EZ12 If you did not 13Capital gain or (loss). Attach Schedule D if required. If not required, check here13 get a W-2,14other gains or (losses). Attach Form 479714 see instructions15aIRA distributions15ab Taxable amount15b 16aPensions and annuities16ab Taxable amount16b 17Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E17 18Farm income or (loss). Attach Schedule F18 19Unemployment compensation19 20aSocial security benefits20ab Taxable amount20b 21other income. List type and amount21 22combine the amounts in the far right column for lines 7 through 21. This is your total incomeThis is your total income.22 Adjusted 23Educator expenses23 Gross24Certain business expenses of reservists, performing artists, and fee-basis government. Attach Form 2106 or 2106-EZ24 Income 25Health-savings account deduction. Attach Form 888925 26Moving Expenses. Attach Form 390326 27Deductible part of self-employment tax. Attach Schedule SE27 28Self-employed SEP, SIMPLE, and qualified plans28 29Self-employed health insurance deduction29 30Penalty on early withdrawal of savings30 31aAlimony paid b. Recipient's SSN31a 32IRA deduction32 33Student loan interest deduction33 34Tuition and fees. Attach Form 891734 35Domestic production activities deduction. Attach Form 890335 36Add lines 23 through 3536 37Subtract line 36 from line 22. This is your adjusted gross income.37 Schedule A SCHEDULE AOMB No. 1545-0074 (Form 1040)Itemized Deductions2016 Department of the Treasury Internal Revenue Service (99)▶ Information about Schedule A and its separate instructions is at www.irs.gov/schedulea Attachment ▶ Attach to Form 1040. Sequence No. 07 Name(s) shown on Form1040 Your social security number Medical and Dental Expenses Caution. Do not include expenses reimbursed or paid by others. 1Medical and dental expenses (see instructions).....1 2Enter amount from Form 1040, line 382 3Multiply line 2 by 10% (.10). But if either you or your spouse was born before January 2, 1949, multiply line 2 by 7.5% (.075) instead3 4Subtract line 3 from line 1. If line 3 is more than line 1, enter -0-. . . . . . . . 4 Taxes You Paid5State and local (check only one box): a □ Income tax or }. . . . . . . b □ General sales tax5 6Real estate taxes (see instructions) . . . . . . . . .6 7Personal Property taxes.. . . . . . . . . . .7 8Other taxes. List type and amount >. 8 9Add lines 5 through 89 Interest You Paid Note. Your mortgage interest deduction may be limited (see instructions).10Home mortgage interest and points reported to you on Form 109810 11Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person’s name, identifying no., and address ▶ 11 12Points not reported to you on Form 1098. See instructions for special rules . . . . . . . . . . . . . . . . . . . .12 13Mortgage insurance premiums (see instructions) . . . . .13 14Investment interest. Attach Form 4952 if required. (See instructions.)14 15Add lines 10 through 14. . . . . . . . . . . . . . . . . . . . . . . . . .15 Gifts to16Gifts by cash or check. If you made any gift of $250 or more, Charitysee instructions. . . . . . . . . . . . . . . .16 if you made a17Other than by cash or check. If any gift of $250 or more, see gift and got ainstructions. You must attach Form 8283 if over $500 . . .17 benefits for it .,18Carryover from prior year . . . . . . . . . . . .18 see instructions19Add lines 16 through 18. . . . . . . . . . . . . . . . . . . . . . .19 Casualty and Theft Losses20Casualty or theft loss(es). Attach Form 4684. (See instructions.) .. . . . . . .20 Job Expenses and Certain Miscellaneous Deductions 21Unreimbursed employee expenses—job travel, union dues,21 ob education, etc. Attach Form 2106 or 2106-EZ if required.22 (see instructions) ▶ 22Tax preparation fees . . . . .
Answered Same DayMay 21, 2021

Answer To: Form 1040 Form 1040 Department of the Treasury Internal Revenue Service 2016 U.S. Individual Tax...

Suvrat answered on May 21 2021
140 Votes
Form 1040
    Form 1040 Department of the Treasury         Internal Revenue Service            2016
        U.S. Individual Tax Form
                            OMB No.1545-0074        IRS Use Only--Do not write or staple in this space
    For the year Jan.1--Dec. 31,2016, or any other tax year beginning                    ,2016,    ,20            See Separate Instructions
    Your first name and initial        Last name                            Social Security Number
    John        Washington                            434    20    2020
    If a joint return, spouses first name and initial        Last name                            Spouse Social Security Number
    Debra         Washington                            411    21    4568
    Home address( number and street). If you have a P.O. Box, see instructions                                    Make Sure that the SSN(s) above
    3450 Green St                                    and on line 6c are correct        .
    City, town, or post office, state, and zip cod
e. If you have a foreign address, also complete spaces below (see instructions).                                    Presidential Election Campaign
    Miami, FL 54321                                    Check here if you, or your spouse if filing jointly,
    Foreign country name            Foreign province/state/country                Foreign postal code        checking this box below will not change your tax
                                        refund.    you    spouse
    Filing Status        1. Single                    4.Head of Household (with qualifying person.) (See instructions.) If
    Check only one box        2.. married filing jointly                    the qualifying person is a child but not your dependent, enter this
            3. Married filing separately. Enter spouse's SSN above                    child's name here
            and full name here.                    5. Qualifying Window(er) with dependent child
    Exemptions        6a Yourself. If someone can claim you as a dependent, do not check box 6a                        ]                Boxes checked
            b spouse                        ]                on 6a and 6b
    If more than four        c. Dependents
    dependents, see        (1) First name        Last name    (2) dependents        (3) dependents         (4) check if child under age 17            No. of children
    instructions and                     social security number        relationship to you        qualifying for tax credit see            on 6c who:
    check here                                    instructions.            lived with you
                                                    did not live with you
                                                    due to divorce or
                                                    separation
                                                    (see instructions)
                                                    Dependents on
                                                    6c not entered
                                                    above
            d. Total number of Exemptions Claimed                                        Add numbers on lines above
    Income        7    Wages, salaries, tips, etc. Attach Forms (W-2)                                7    122000
            8a    Taxable interest. Attach Schedule B if required                                8a    500
    Attach Form(s)        b    Tax-exempt interest. Do not include on line 8a                    8b
    W-2 here. Also        9a    Ordinary dividends. Attach Schedule B if required                                9a    550
    attach Forms(s)         b    Qualified dividends                    9b
    W-2 and 1099-R        10    Taxable refunds, credits, or offsets state or local income taxes                                10
    if tax was withheld.        11    Alimony received                                11
            12    Business income or (loss). Attach Schedule C or C-EZ                                12
    If you did not         13    Capital gain or (loss). Attach Schedule D if required. If not required, check here                                13    -13000
    get a W-2,        14    other gains or (losses). Attach Form 4797                                14
    see instructions        15a    IRA distributions        15a            b Taxable amount            15b
            16a    Pensions and annuities        16a            b Taxable amount            16b
            17    Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E                                17    6750
            18    Farm income or (loss). Attach Schedule F                                18
            19    Unemployment compensation                                19
            20a    Social security benefits        20a                b Taxable amount        20b
            21    other income. List type and amount            Gambling                    21    1000
            22    combine the amounts in the far right column for lines 7 through 21. This is your total income                    This is your total income.            22    117800
    Adjusted         23    Educator expenses                23    250
    Gross        24    Certain business expenses of reservists, performing artists, and fee-basis government. Attach Form 2106 or 2106-EZ                24
    Income
            25    Health-savings account deduction. Attach Form 8889                25
            26    Moving Expenses. Attach Form 3903                26
            27    Deductible part of self-employment tax. Attach Schedule SE                27
            28    Self-employed SEP, SIMPLE, and qualified plans                28
            29    Self-employed health insurance deduction                29
            30    Penalty on early withdrawal of savings                30
            31a    Alimony paid b. Recipient's SSN                31a
            32    IRA deduction                32
            33    Student loan interest deduction                33        700
            34    Tuition and fees. Attach Form 8917                34
            35    Domestic production activities deduction. Attach Form 8903                35
            36    Add lines 23 through 35                                36    950
            37    Subtract line 36 from line 22. This is your adjusted gross income.                                37    116850
Schedule A
    SCHEDULE A                                                        OMB No. 1545-0074
    (Form 1040)                Itemized Deductions                                            2016
    Department of the Treasury Internal Revenue Service (99)            ▶ Information about Schedule A and its separate instructions is at www.irs.gov/schedulea                                             Attachment
                            ▶ Attach to Form 1040.                                 Sequence No. 07
    Name(s) shown on Form1040                                                     Your social security number
     Medical and Dental Expenses                 Caution. Do not include expenses reimbursed or paid by others.
                1    Medical and dental expenses (see instructions).....                        1
                2    Enter amount from Form 1040, line 38            2    126750
                3    Multiply line 2 by 10% (.10). But if either you or your spouse was
                    born before January 2, 1949, multiply line 2 by 7.5% (.075) instead                        3    9506    25
                4    Subtract line 3 from line 1. If line 3 is more than line 1, enter -0-. . . . . . . .                                     4        0
    Taxes You Paid            5    State and local (check only one box):
                    a □ Income tax or             }    . . . . .     . .
                    b □ General sales tax                        5    2750    0
                6    Real estate taxes (see instructions) . . . . . . . . .                        6
                7    Personal Property taxes.        . . . . . . . . . . .                7
                8    Other taxes. List type and amount >            .
                                            8
                9    Add lines 5 through 8                                    9        2750
    Interest You Paid
Note. Your mortgage interest deduction may be limited (see instructions).            10    Home mortgage interest and points reported to you on Form 1098                        10
                11    Home mortgage interest not reported to you on Form 1098. If paid
                    to the person from whom you bought the home, see instructions
                    and show that person’s name, identifying no., and address ▶
                                            11
                12    Points not reported to you on Form 1098. See instructions for
                    special rules . . . . . . . . . . . . . . . . . . . .                        12
                13    Mortgage insurance premiums (see instructions) . . . . .                        13
                14    Investment interest. Attach Form 4952 if required. (See instructions.)                        14
                15    Add lines 10 through 14. . . . . . . . . . . . . . . . . . . . . . . . . .                                    15
    Gifts to            16    Gifts by cash or check. If you made any gift of $250 or more,
    Charity                see instructions. . . . . . . . . . . . . . . .                        16
    if you made a            17    Other than by cash or check. If any gift of $250 or more, see
    gift and got a                instructions. You must attach Form 8283 if over $500 . . .                        17
    benefits for it .,            18    Carryover from prior year . . . . . . . . . . . .                        18
    see instructions            19    Add lines 16 through 18. . . ...
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