solved This assignment requires you to complete four tax forms (Form
This assignment requires you to complete four tax forms (Form 1040, Schedule 1, Schedule B, and Qualified Dividends and Capital Gain Tax Worksheet, using the provided taxpayer information. The forms provided are for tax year 2020 – (for the W-2, 1099-INT, and 1099-DIV, please disregard the 2018 tax year and treat them as 2020).Step 1: Read the information below and download the taxpayer informationStep 2: Download the blank forms on which to complete the assignment Blank Form 1040Step 3: Complete the Schedule B first, then Schedule 1, then the Form 1040 down through Line 10. Then complete the Qual Div worksheet and use that information to complete the rest of the Form 1040Step 4: Submit all 4 documents to complete the assignment.Alexander Smith and his wife Allison are married and file a joint tax return for 2020. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6 months off from his job in 2019 to obtain a higher-level pilot’s license. The Smiths have a 17-year-old son, Brad, who is enrolled in eleventh grade at the Walt Disney Prep School. The Smiths also have an 18-year-old daughter, Angelina, who is a part-time first-year student at Orange County Community College (OCCC). Angelina is married to Sean Shirker, who is 19 years old and also a part-time student at OCCC. Sean and Angelina have a 1-year-old child, Trask (Social Security number 115-45-7893). All the Shirkers live in an apartment near the Smiths. Angelina and Sean both also work part-time for Sean’s wealthy grandfather as apprentices in his business. The Shirker’s wages for the year were $50,000 which allowed them to pay all the personal expenses for themselves and Trask.NameSocial Security numberDate of birthAlexander Smith266-15-196609/22/1970Allison Smith266-34-196707/01/1971Brad Smith261-55-212112/21/2002Angelina Shirker261-45-121203/31/2001Sean Shirker546-78-123505/01/2000Trask Shirker115-45-789310/21/2018Five years ago, Alexander divorced Jennifer Amistad (Social Security number 341-55-6789). Alexander pays Jennifer $200 per month in alimony under the divorce decree.Not included with the Smith’s tax forms was interest from State of Florida bonds of $145.00. Alexander also received a Form W-2, Form 1099-INT, and Form 1099-DIV that you should have downloaded in Step 1 above.