Go to the IRS website (www.irs.gov). Print Form 1040 and Schedule 1. Complete these forms for Pierre Lappin using the following information: $60,000 salary, $5,000 qualified dividend income, $3,000 interest income from corporate bonds, $2,000 interest income from municipal general revenue bonds, and $4,000 in long-term capital gains. In addition, Pierre paid his ex-wife $5,000 for alimony and $6,000 for child support. Pierre remarried prior to the end of the year and files a joint return with his new wife, Jeanie Lappin. Jeanie earned $io,000 from her part-time job for the year. A total of $5,500 in federal income tax was reported as withheld from their salaries on Form W-2. The Lappins have no dependents and live at 123 Cottontail Lane, Houston, TX 77001. Pierre’s Social Security number is 123-45-6789 and Jeannie’s Social Security number is 445-67-9876.
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1. Complete these forms for Pierre Lappin using the following information:…