The PAINTERS FORM 1040A: U.S. INDIVIDUAL INCOME TAX RETURN +MCQ’s

Posted on Posted in Law, Taxation

ThePAINTERS

FORM1040A:U.S.INDIVIDUALINCOMETAXRETURN

Name: Norman
Q.PainterandDorothyT.Painteraremarried(Nov.5,2000)andwillfileajointreturnfor2012.NeitherNormannorDorothyis blind,
andbothareunderage65.

Theyrenttheirhomeat1721W.240th
St,Lomita,CA90721.
Theirhometelephone
numberis-310/541-

111l.

Theirnineyearolddaughter(DOB:
7/1/2003),EmilyPainter,whosesocial
securitynumberis644-36-3871,hasJivedathomeaHyear.

TheirsonHunter
wasborn9-12-2006
andhissocial
securitynumberis612-45-9145andalsolived
withhisparentsforthefullyear.

Mr.Painterworksasacomputer
analyst,andreceivedwagesof$31,000,fromwhich$1,950infederal
incometaxesand$475instateincometaxeswaswithheld.Hissocialsecurity
numberis567-45-3888.Mr.Painterwasborn04/28/1978.

Mr.Painterisalsopayingoffastudentloanandtheinterestfortheyearis$300

Mr.Painterisnotrequired
topayanyestimatedtaxes
andchoosestonotdosothis
year.

Mrs.Painter
worksasanadministrativeassistant
andreceivedwagesof$18,000,fromwhich$600in
federalincometaxesand$200instateincometaxeswaswithheld.
Hersocialsecurity
numberis412-45-6798.Mrs.Painterwasbornon06-12-1980.

ThePainters
received$245ofinterest
incomefrom aU.S.financial
institution,StateBank.ThePainters
electtohave$3gotothePresidentialElection
CampaignFund.

ThePainters
electtohaveanyrefund
directlydepositedtotheirchecking
account.Theirbank’s
routingnumberis011000013andtheiraccount
numberis004002006

ThePainters
maybeabletoclaim
thechildtaxcredit.TheymustfilloutaworksheetaccompanyingForm1040A
todeterminetheireligibilityandanycredit
amount.

ThePainters
mayalsobeeligiblefortheearnedincomecredit
(EiC).Theymust complete aquestionnaire,worksheetandScheduleEICtodeterminetheireligibilityandanycreditamount.

Page1

The
PaintershaveelectedtohaveValerieBushpreparetheirtaxes.
ValerieBush(PTIN
#POl765432) preparesForm8867,PaidPreparer
‘sEarnedIncomeCreditChecklist
iftheyqualifyforEIC.

Requiredformsare:

1040AUSIncomeTaxReturn(2012)2012Child
TaxCreditWorksheetSchedule8812
-ChildTaxCredit

ScheduleB-InterestandOrdinaryIncome ScheduleEICEarnedIncomeCredit

Form8867PaidPreparers
EarnedIncomeCredit
Checklist

AdditionalDocument:

EICInstructionsand EiCtaxtables. Please
refertoifneededfortheEarnedIncomeCreditcalculation.

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