Using provided info fill out Schedule A, and Schedule B in preparation of their tax file.

Scenario:

John and Jane Doe, a married couple filing jointly, have provided you with their financial information for the year, including details of federal income tax withheld. They need assistance in preparing their tax return.

W-2 Income:      John earns $50,000 with $5,000 withheld for federal income tax. Jane earns      $55,000 with $5,500 withheld for federal income tax.

Interest Income:      They received $500 in interest from a savings account, with no tax      withheld.

Child Tax Credit:      They have two children under the age of 17.

Mortgage Interest:      Paid $8,000 in mortgage interest on their primary residence.

• Charitable Donations:      Donated $2,000 to qualifying charitable organizations.

Other Deductions:      They have no other deductions to claim.

Taxpayer:

Name: John Doe

DOB: 6/29/1990

SSN: 555-12-3456

Spouse:

Name: Jane Doe

DOB: 7/4/1992

• SSN: 555-65-4321

Dependent:

Name: Jimmy Doe

• DOB: 1/12/2020

SSN: 555-68-9101

Mailing Address:

• 12345 Any Street

Los Angeles, Ca 9012

Form
1040 U.S. Individual Income Tax Return 2023
Department of the Treasury—Internal Revenue Service
For the year Jan. 1–Dec. 31, 2023, or other tax year beginning
OMB No. 1545-0074
IRS Use Only—Do not write or staple in this space.
, 2023, ending
, 20
See separate instructions.
Your first name and middle initial
Last name
Your social security number
If joint return, spouse’s first name and middle initial
Last name
Spouse’s social security number
Home address (number and street). If you have a P.O. box, see instructions.
Apt. no.
City, town, or post office. If you have a foreign address, also complete spaces below.
Foreign country name
Presidential Election Campaign
Check here if you, or your
spouse if filing jointly, want $3
ZIP code
to go to this fund. Checking a
box below will not change
Foreign postal code your tax or refund.
State
Foreign province/state/county
You
Filing Status
Single
Married filing jointly (even if only one had income)
Check only
one box.
Digital
Assets
Standard
Deduction
Married filing separately (MFS)
Qualifying surviving spouse (QSS)
If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QSS box, enter the child’s name if the
qualifying person is a child but not your dependent:
At any time during 2023, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell,
exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.)
Were born before January 2, 1959
(1) First name
Spouse:
Are blind
Dependents (see instructions):
Income
(2) Social security
number
Last name
Was born before January 2, 1959
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Child tax credit
Credit for other dependents
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1a
1b
1c
d
e
f
Medicaid waiver payments not reported on Form(s) W-2 (see instructions) .
Taxable dependent care benefits from Form 2441, line 26
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Employer-provided adoption benefits from Form 8839, line 29
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1d
1e
1f
If you did not
get a Form
W-2, see
instructions.
g
h
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Wages from Form 8919, line 6 . . . . . . .
Other earned income (see instructions) . . . .
Nontaxable combat pay election (see instructions) .
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1i
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1g
1h
Add lines 1a through 1h
Tax-exempt interest . .
Qualified dividends . .
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Attach Sch. B
if required.
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2a
3a
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b Taxable interest
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b Ordinary dividends .
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1z
2b
3b
4a
5a
6a
IRA distributions . . .
Pensions and annuities .
Social security benefits .
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b Taxable amount .
b Taxable amount .
b Taxable amount .
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4b
5b
6b
c
7
8
If you elect to use the lump-sum election method, check here (see instructions)
Capital gain or (loss). Attach Schedule D if required. If not required, check here
Additional income from Schedule 1, line 10 . . . . . . . . . . .
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7
8
9
10
11
Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income .
Adjustments to income from Schedule 1, line 26
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Subtract line 10 from line 9. This is your adjusted gross income
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9
10
11
12
13
14
15
Standard deduction or itemized deductions (from Schedule A)
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Qualified business income deduction from Form 8995 or Form 8995-A . . . .
Add lines 12 and 13 . . . . . . . . . . . . . . . . . . .
Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income
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12
13
14
• Single or
Married filing
separately,
$13,850
• Married filing
jointly or
Qualifying
surviving spouse,
$27,700
• Head of
household,
$20,800
• If you checked
any box under
Standard
Deduction,
see instructions.
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2a
3a
4a
5a
6a
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For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.
Is blind
(3) Relationship
to you
Total amount from Form(s) W-2, box 1 (see instructions) .
Household employee wages not reported on Form(s) W-2 .
Tip income not reported on line 1a (see instructions) . .
Standard
Deduction for—
No
(4) Check the box if qualifies for (see instructions):
1a
b
c
Attach Form(s)
W-2 here. Also
attach Forms
W-2G and
1099-R if tax
was withheld.
Yes
Someone can claim:
You as a dependent
Your spouse as a dependent
Spouse itemizes on a separate return or you were a dual-status alien
Age/Blindness You:
If more
than four
dependents,
see instructions
and check
here . .
Spouse
Head of household (HOH)
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Cat. No. 11320B
15
Form 1040 (2023)
Page 2
Form 1040 (2023)
Tax and
Credits
Payments
16
17
Tax (see instructions). Check if any from Form(s): 1
8814
Amount from Schedule 2, line 3
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16
17
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18
19
20
Add lines 16 and 17 . . . . . . . . . . . . . . .
Child tax credit or credit for other dependents from Schedule 8812 .
Amount from Schedule 3, line 8
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18
19
20
21
22
23
24
Add lines 19 and 20 . . . . . . . . . . . . . . .
Subtract line 21 from line 18. If zero or less, enter -0- . . . . .
Other taxes, including self-employment tax, from Schedule 2, line 21
Add lines 22 and 23. This is your total tax . . . . . . . .
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21
22
23
25
a
Federal income tax withheld from:
Form(s) W-2 . . . . . . .
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25a
Form(s) 1099 . . . . . .
Other forms (see instructions) .
Add lines 25a through 25c . .
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25b
25c
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26
27
28
2023 estimated tax payments and amount applied from 2022 return .
Earned income credit (EIC) . . . . . . . . . . . . .
Additional child tax credit from Schedule 8812
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25d
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26
29
30
31
American opportunity credit from Form 8863, line 8 .
Reserved for future use . . . . . . . . .
Amount from Schedule 3, line 15 . . . . . .
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32
33
Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits
Add lines 25d, 26, and 32. These are your total payments
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34
If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid
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32
33
34
b
c
d
If you have a
qualifying child,
attach Sch. EIC.
Refund
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2
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4972 3
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27
28
29
30
31
35a
Direct deposit?
b
See instructions.
d
36
Amount of line 34 you want refunded to you. If Form 8888 is attached, check here .
Routing number
c Type:
Checking
Account number
Amount of line 34 you want applied to your 2024 estimated tax . . .
36
Amount
You Owe
37
Subtract line 33 from line 24. This is the amount you owe.
For details on how to pay, go to www.irs.gov/Payments or see instructions .
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38
Estimated tax penalty (see instructions)
38
Third Party
Designee
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Joint return?
See instructions.
Keep a copy for
your records.
Paid
Preparer
Use Only
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Do you want to allow another person to discuss this return with the IRS? See
instructions
. . . . . . . . . . . . . . . . . . . . .
Designee’s
name
Sign
Here
.
24
Phone
no.
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Savings
35a
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37
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Yes. Complete below.
No
Personal identification
number (PIN)
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and
belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Your signature
Date
Your occupation
If the IRS sent you an Identity
Protection PIN, enter it here
(see inst.)
Spouse’s signature. If a joint return, both must sign.
Date
Spouse’s occupation
If the IRS sent your spouse an
Identity Protection PIN, enter it here
(see inst.)
Phone no.
Email address
Preparer’s name
Preparer’s signature
Date
PTIN
Check if:
Self-employed
Firm’s name
Phone no.
Firm’s address
Firm’s EIN
Go to www.irs.gov/Form1040 for instructions and the latest information.
Form 1040 (2023)
Itemized Deductions
SCHEDULE A
(Form 1040)
Department of the Treasury
Internal Revenue Service
OMB No. 1545-0074
2023
Attach to Form 1040 or 1040-SR.
Go to www.irs.gov/ScheduleA for instructions and the latest information.
Your social security number
Name(s) shown on Form 1040 or 1040-SR
Medical
and
Dental
Expenses
Taxes You
Paid
1
2
3
4
Caution: Do not include expenses reimbursed or paid by others.
Medical and dental expenses (see instructions) . . . . . .
Enter amount from Form 1040 or 1040-SR, line 11 2
Multiply line 2 by 7.5% (0.075) . . . . . . . . . . . .
Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- .
Caution: Your
mortgage interest
deduction may be
limited. See
instructions.
Gifts to
Charity
Caution: If you
made a gift and
got a benefit for it,
see instructions.
1
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3
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7
c Points not reported to you on Form 1098. See instructions for special
8c
rules . . . . . . . . . . . . . . . . . . . . .
d Reserved for future use . . . . . . . . . . . . . . .
8d
e Add lines 8a through 8c . . . . . . . . . . . . . . .
8e
9 Investment interest. Attach Form 4952 if required. See instructions
9
10 Add lines 8e and 9 . . . . . . . . . . . . . . . . . . . .
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10
11 Gifts by cash or check. If you made any gift of $250 or more, see
11
instructions . . . . . . . . . . . . . . . . . . .
12 Other than by cash or check. If you made any gift of $250 or more,
see instructions. You must attach Form 8283 if over $500 . . .
12
13 Carryover from prior year . . . . . . . . . . . . . .
13
14 Add lines 11 through 13 . . . . . . . . . . . . . . . . . .
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14
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5 State and local taxes.
a State and local income taxes or general sales taxes. You may include
either income taxes or general sales taxes on line 5a, but not both. If
you elect to include general sales taxes instead of income taxes,
check this box . . . . . . . . . . . . . . . . .
b State and local real estate taxes (see instructions) . . . . . . .
c State and local personal property taxes . . . . . . . . . .
d Add lines 5a through 5c . . . . . . . . . . . . . . .
e Enter the smaller of line 5d or $10,000 ($5,000 if married filing
separately) . . . . . . . . . . . . . . . . . . .
6 Other taxes. List type and amount:
7 Add lines 5e and 6
Interest
You Paid
Attachment
Sequence No. 07
Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16.
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5a
5b
5c
5d
5e
6
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8 Home mortgage interest and points. If you didn’t use all of your home
mortgage loan(s) to buy, build, or improve your home, see
instructions and check this box . . . . . . . . . .
a Home mortgage interest and points reported to you on Form 1098.
See instructions if limited . . . . . . . . . . . . . .
8a
b Home mortgage interest not reported to you on Form 1098. See
instructions if limited. If paid to the person from whom you bought the
home, see instructions and show that person’s name, identifying no.,
and address . . . . . . . . . . . . . . . . . . .
8b
Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified
disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See
Theft Losses
instructions .
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16 Other—from list in instructions. List type and amount:
Other
Itemized
Deductions
16
17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on
Total
17
Form 1040 or 1040-SR, line 12 . . . . . . . . . . . . . . . . . . . .
Itemized
Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction,
check this box .
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For Paperwork Reduction Act Notice, see the Instructions for Form 1040.
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Cat. No. 17145C
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Schedule A (Form 1040) 2023
SCHEDULE B
(Form 1040)
Department of the Treasury
Internal Revenue Service
2023
Attach to Form 1040 or 1040-SR.
Go to www.irs.gov/ScheduleB for instructions and the latest information.
Attachment
Sequence No. 08
Your social security number
Name(s) shown on return
Part I
Interest
OMB No. 1545-0074
Interest and Ordinary Dividends
1
Amount
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:
(See instructions
and the
Instructions for
Form 1040,
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
2
3
Part II
Ordinary
Dividends
Add the amounts on line 1 . . . . . . . . . . . . . . . . . . .
Excludable interest on series EE and I U.S. savings bonds issued after 1989.
Attach Form 8815 . . . . . . . . . . . . . . . . . . . . . .
4
Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b
Note: If line 4 is over $1,500, you must complete Part III.
List name of payer:
5
(See instructions
and the
Instructions for
Form 1040,
line 3b.)
2
3
4
Amount
5
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
6
Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b
dividends shown
on that form.
Note: If line 6 is over $1,500, you must complete Part III.
6
Part III
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.
Foreign
Accounts
Yes No
and Trusts 7a At any time during 2023, did you have a financial interest in or signature authority over a financial
Caution: If
required, failure to
file FinCEN Form
114 may result in
substantial
penalties.
Additionally, you
may be required
to file Form 8938,
Statement of
Specified Foreign
Financial Assets.
See instructions.
account (such as a bank account, securities account, or brokerage account) located in a foreign
country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial
Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114
and its instructions for filing requirements and exceptions to those requirements . . . . . .
b If you are required to file FinCEN Form 114, list the name(s) of the foreign country(-ies) where the
financial account(s) is (are) located:
8
During 2023, 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) 2023
Scenario:
John and Jane Doe, a married couple filing jointly, have provided you with their financial
information for the year, including details of federal income tax withheld. They need assistance
in preparing their tax return.
•
•
•
•
•
•
W-2 Income: John earns $50,000 with $5,000 withheld for federal income tax. Jane
earns $55,000 with $5,500 withheld for federal income tax.
Interest Income: They received $500 in interest from a savings account, with no tax
withheld.
Child Tax Credit: They have two children under the age of 17.
Mortgage Interest: Paid $8,000 in mortgage interest on their primary residence.
Charitable Donations: Donated $2,000 to qualifying charitable organizations.
Other Deductions: They have no other deductions to claim.
You will gather the appropriate information and complete the forms provided in Blackboard (1040,
Schedule A, and Schedule B in preparation of their tax file.
Taxpayer:

Name: John Doe

DOB: 6/29/1990
SSN: 555-12-3456
Spouse:
Name: Jane Doe
DOB: 7/4/1992
SSN: 555-65-4321
Dependent:
Name: Jimmy Doe
DOB: 1/12/2020
SSN: 555-68-9101
Mailing Address:
12345 Any Street
Los Angeles, Ca 90124