children.   For 2020, what is the filing status for Han Solo

Q: Mark and Lisa were divorced in 2018. In 2019, Mark has custody of theirchildren, but Lisa provides…

A: A dependent is a person who qualifies for the dependency exemption but is not the taxpayer or…

Q: (J) Amy is divorced frrom Hector. She does not have any dependents and id no remarry before December…

A: Step 1: Determine Amy's marital status.Amy is divorced, so her marital status is "divorced."Step 2:…

Q: Jason makes payments in 2020 to his ex-spouse Dana related to their 2019 divorce agreeement of 1)…

A: Alimony paid by Jason is non deductible expense, and amount received by Dana is non taxable receipt…

Q: Husband and Wife have two biological children and one adopted child. Now that the adoption is…

A: adoption is a process of getting non-biological child of someone else legally.

Q: Scott and Barbara are married and want to file a joint return. - Scott is a U.S. citizen and has a…

A: The Child and Dependent Care Expenses Credit is a tax credit that offsets certain daycare and…

Q: 1. The amount of taxable unemployment compensation is A. Taxable income B. Reported on Form 1099-G,…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: In 2020, Paul, who is single, has a comfortable salary from his job as well as income from his…

A: The amount which a taxpayer has to pay in excess of regular tax amount due towards IRS because of…

Q: On August 31, 2019, Harvey and Ling, who file a joint return and live in Charleston, South Carolina,…

A: As per §121, the amount of exclusion for a person filing distinctly is $250,000. However, it is…

Q: Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is…

A: As per US taxation, the maximum limit of adoption of child tax credit can be claimed is $14,300 per…

Q: Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is…

A: A tax credit is the claimable amount depending upon the case and individuals involved. These…

Q: aniel Jackson bought a home in 2010, before he married his wife Sarah. In 2020, Daniel and Sarah are…

A: The IRS allows to use the home for the office purpose. The official space in home can be a separate…

Q: 5. Andy and Ashley are married in 2022. The following are the income for each of them: Andy Ashley…

A: To allocate the income to Andy and Ashley if they file separate returns, we need to consider the…

Q: Question 22 of 50. In May 2021, Whitney filed for divorce from her husband, Michael. Although they…

A: The correct answer is: (C) Married filing Separately. Because they are still technically married,…

Q: What is the total “For AGI” deductions? Paul Turner is single and has two children, Allen and Lee…

A: Alimony deductible refers to the allowances which are allowed for husband or wife by the order of…

Q: a Determine the property tax payable for Mr Choi for the years of assessment 2019/20 and 2020/21.…

A: Income tax: The income tax refers to the amount that is paid by the taxpayer to the tax authority of…

Q: catherine is a sole proprietor with a farming net operating loss in 2020. she files an extension to…

A: Form 1045 is to file Application for Tentative Refund and is distributed by IRS i.e. Internal…

Q: The Washingtons do not qualify for the Earned Income Credit because Clay has an ITIN.           True…

A: The department of IRS issues Individual Taxpayer Identification Numbers (ITINs) as tax processing…

Q: Corey (53) suffered the loss of her husband in 2019. Since then, she has maintained a home for…

A: When your spouse is dead, you still can file as a married status if two tax years from the year of…

Q: Stella files single. In 2021, she had $70,00 in wages, $15,000 income from a limited partnership,…

A: Wages income $70,000 Non passive income Income from limited partnership $15,000 Passive Income…

Q: Allen and Charlotte  married in 2020 the file a joint return  for the yeard but irs off set because…

A: Tax refers to the amount charged by the government from individuals and organizations on the income…

Q: Jeremy and Veronica we married. Jeremy died on May 1, 2022. On November 1, 2022 Veronica and David…

A: Answer:- Joint return meaning:- When a married couple files a joint tax return, they list all of…

Q: Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is…

A:

Q: Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $15,750 in 2021 for…

A: Modified AGI is also referred to as modified adjusted gross income that is computed after…

Q: Waylon and Jonah adopted a child with special needs in a domestic adoption. They had $10,400 in…

A: Answer:- Qualified adoption expenses meaning:- In order to adopt a kid under the age of 18 or a…

Q: Carl and Jenny adopt a Korean orphan. The adoption takes 2 years and two trips to Korea and is…

A: a. The maximum amount of adoption credit that can be claimed during the year 2019 is $14,080.…

Q: On August 31, 2019, Harvey and Ling, who file a joint return and live in Charleston, South Carolina,…

A: Sec 121 of IRS Code:- This section allows a taxpayer who files jointly to exclude $500,000 of…

Q: Waylon and Jonah adopted a child with special needs in a domestic adoption. They 2022, and the…

A: To avail the adoption tax credit, the families should have a modified adjusted gross income (MAGI)…

Q: Mr. S and Ms. Q are divorced in 2017. According to the divorce agreement, which they entered in…

A: Deductions from taxable income refer to certain expenses or contributions that individuals or…

Q: Shonda and Andre adopted a child with special needs in a domestic adoption. They had $10,000 in…

A: In the United States, taxpayers who incur qualifying adoption expenses may be eligible for the…

Q: Phil and Susan Hammond are married taxpayers filing a joint return. The couple have two dependent…

A: Explanation of Nature and amount of gain or loss of each transactions is as follows:

Q: a new home in Houston. The realized gain on the second sale is $275,220. Do not round any division.

A: In this question, we have to find out the recognized gain on the second sale.

Q: John supports Kevin, his cousin, who lived with him throughout 2019. John also supports three other…

A: For tax purposes, a dependent is someone “other than the taxpayer or spouse” who qualifies to be…

Q: Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is…

A: 2022 Federal Tax Return for Ashley PandaForm 1040: U.S. Individual Income Tax ReturnPersonal…

Q: Josh is married to Sandra, who abandoned him in 2017. He has not seen or communicated with her since…

A: Every person files their return to the government. Before filling out the return, one should know…

Q: 1-55- Question 19 of 50. Malcolm (37) is a U.S. citizen. He was married at the beginning of 2021.…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce…

A: a.Annual membership fee = $500Lifetime membership fee = $4,500Interest rate = 8.5%b.Purchase price =…

Q: Alicia and Rafel are in the process of negotiating a divorce agreement to be finalized in 2021. They…

A: Income Tax - It is kind of direct taxes levied by the government on the income of the citizens…

Q: tim is living with his spouse in California when he finds out that his wife is having an affair. Tim…

A: Tax is a charge which is charged on the taxable income of the taxpayer. This tax amount is…

Q: Kiara (31) is married. However, she and her two children, Xavier (3) and Shandra (5), moved back in…

A: Answer: Given Kiara is married but not divorced till 2020 She has two children who are dependent…

Q: Bill and Ana were married on June 10, 1997. They have lived in California all their married life.…

A: The community property is a concept applicable to certain US states which state that both the…

Q: 2020, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students…

A: Concept used: The taxpayer's Investment income in excess of $3,650 will not be eligible for earned…

Q: eived a statement from the daycare provider showing she paid $5,980 for Marcus’ care for the year.…

A: A tax credit is basically a sum that can be offset against a tax liability.tax incentive which…