Please complete the 2015 federal income tax return for
Magdalena Schmitz.
Please complete the 2015 federal income tax return for Magdalena Schmitz.
Question
Instructions:
Please complete the 2015 federal income tax return for Magdalena SchmitzGET THE
ANSWER>> https://solutionlly.com/downloads/please-complete-the-2015-federal-income-tax-
return-for-magdalena-schmitz
Please complete the 2015 federal income tax return for Magdalena Schmitz.
Question
Instructions:
Please complete the 2015 federal income tax return for Magdalena Schmitz. 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.
Magdalena Schmitz has undergone some major changes in her life recently. In 2013, at the age
of 46, her
husband, Roger, passed away. Magdalena has not remarried as of the end of 2015. Magdalena
currently
lives in Bedford, Pennsylvania. She was living in Pittsburgh when her husband passed away but
she
moved back to her childhood home so she could get help from her family raising her children.
Magdalena was employed in Pittsburgh early in the year but left that job and relocated 100
miles away
to pursue a new life and start her new job. Magdalena has three children (ages as of the end of
the
year): Alyssa (23), Tyler (16), and Connor (11). Magdalena would like to determine her federal
income
tax under the filing status that is most advantageous for her.
Magdalena reported the following information:
Magdalena’s social security number is 294-83-2845
Alyssa’s social security number is 824-84-8456
Tyler’s social security number is 824-34-9584
Connor’s social security number is 824-56-2984
Magdalena’s mailing address is 623 S. Liberty Road Bedford, Pennsylvania 15522
Alyssa is unmarried and a full-time graduate student at Pennsylvania State University (PSU)
(EIN 339876543). PSU’s address is 1250 Happy Valley, State College, PA 16801. She received
her bachelor’s
degree the year her father passed away. This year represents her fifth year of full-time higher
education
schooling. Alyssa works part-time in State College to help with some of her living expenses.
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Alyssa
earned $2,300 in gross income during the year and had her income tax return prepared on
campus by
Volunteer Income Tax Assistance (VITA) volunteers. Magdalena provided support for Alyssa
including
paying for rent, books, tuition, food, clothes, medicine, and other support items. In total,
Magdalena
provided $12,700 of support for the year. PSU provided Alyssa with a Form 1098-T at year end.
Alyssa’s higher education expenses for her university studies were as follows:
Tuition
$6,500
Books
$2,000
In order to permit Magdalena to maintain a full-time job, she sends Connor to a day care
program after
school five days a week. During the year, Magdalena paid the day care operator $4,250 for
Connor’s
care.
The day care details are as follows:
Horizon Day Care
452 S. Patriot Road
Bedford, PA 15522
EIN-43-6598324
Magdalena incurred the following moving-related expenses during the year:
Household items
Meals in transit
House hunting trip
$3,200
150
1,350
In addition she drove her car the 100 miles to Bedford as part of the move. Her previous
workplace was
located 10 miles from the previous home she was renting and her new job is exactly 100 miles
away
from her prior residence.
Magdalena’s W-2s for the year reported the following:
Employer
Juniata Development
Corporation
Pittsburgh Real Estate
Gross Wages
$28,435
Federal Income Tax
Withholding
2/5
$900
State Income Tax
Withholding
$700
$2,450
$200
$125
Magdalena’s employers withheld all applicable and appropriate payroll taxes. The entire
Schmitz family
was covered by minimum essential health insurance during each month in 2015. The insurance
was
provided by Magdalena’s employers.
On January 1, 2014 (prior year), Magdalena started a photography business in which she takes
bridal and
wedding photographs. She does not do any of the professional printing. However, she provides
all of
the original negatives to her clients on a password-protected web site as part of her service.
This unique
service along with her skill and reputation has allowed her to earn additional money on the
weekends,
primarily in the summer, to help support her daughter in college. Magdalena rents all of the
camera
equipment from a friend and does not currently own any equipment herself. The photography
business
uses the cash method of accounting. The business did not have any obligation to file a Form
1099 to any
payee during the year. Magdalena reported the following revenue and expenses for her
business for the
year:
Gross Revenue
Photographic supplies
Camera rental
Web site hosting fee
$6,500
$ 430
$1,050
$ 200
Magdalena also received the following during the year:
Cash gift from her father
Interest income-First Bank of Bedford
Interest income-General Electric Bond
3/5
Interest income-Bedford School District Municipal Bond
Interest income-Johnstown Rural Improvement District Bond
$
$
$
$
$
5,000
310
3,200
2,500
1,300
Magdalena did not own, control or manage any foreign bank accounts nor was she a grantor or
beneficiary of a foreign trust during the tax year.
Magdalena paid or incurred the following expenses during the year:
Dentist (unreimbursed by insurance)
Doctors (unreimbursed by insurance)
Prescriptions (unreimbursed by insurance)
Real property taxes on residence
Vehicle registration fee based upon age of vehicle
Mortgage interest on principal residence (Form 1098 received)
Contribution to the American Lung Association
Contribution to the Habitat for Humanity
Contribution to Methodist Church of PA
Contribution to Penn State University
$1,500
$ 475
$ 255
$ 950
$ 175
$6,845
$ 600
$1,000
$3,000
$ 400
Magdalena wants to contribute to the Presidential Election Campaign. She would like to receive
a refund
(if any) of any tax she may have overpaid for the year. Her preferred method of receiving the
refund is by
check.
4/5
Please complete the 2015 federal income tax return for Magdalena Schmitz.
Attachments
9195121.docx (2000.3 KB)
Preview: incurred xxx following xxxxxxxxxxxxxx expenses during xxx year:Household
items$3,200Meals xx transit xxxxxxxx xxxxxxx trip xxxxxxx addition she xxxxx her car xxx 100
xxxxx xx Bedford xx part of xxx move Her xxxxxxxx workplace xxx xxxxxxx 10 xxxxx from the
xxxxxxxx home she xxx renting xxx xxx new xxx is exactly xxx miles away xxxx her xxxxx
xxxxxxxxx Magdalena’s xxxx for the xxxx reported the xxxxxxxxxxxxxxxxxxxxxxx
WagesFederal xxxxxx xxx WithholdingState xxxxxx Tax WithholdingJuniata xxxxxxxxxxx
Corporation$28,435$900$700Pittsburgh Real xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx employers
xxxxxxxx xxx applicable xxx appropriate payroll xxxxx The entire xxxxxxx family xxx xxxxxxx by
xxxxxxx essential health xxxxxxxxx during each xxxxx in xxxx xxx insurance xxx provided by
xxxxxxxxxxxxx employers On xxxxxxx 1, xxxx xxxxxx year), xxxxxxxxx started a xxxxxxxxxxx
business in xxxxx she xxxxx xxxxxx and xxxxxxx photographs She xxxx not do xxx of xxx
xxxxxxxxxxxx printing xxxxxxxx she provides xxx of the xxxxxxxx negatives xx xxx clients xx a
password-protected xxx site as xxxx of xxx xxxxxxx This xxxxxx service along xxxx
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income-tax-return-for-magdalena-schmitz
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