Reference no: EM131698987
Question - John Williams (birthdate August 2, 1974) is a single taxpayer, and he lives at 1324 Forest Dr., Reno, NV 89501. His Social Security number is 555-94-9358. John's earnings and withholdings as the manager of a local casino for 2016 are reported on his Form W-2:
John's other income includes interest on a savings account at Nevada National Bank of $13,575.
John pays his ex-wife, Sarah McLoughlin, $4,000 per month. When their 12-yearold child (in the wife's custody) reaches 18, the payments are reduced to $2,750 per month. His ex-wife's Social Security number is 554-44-5555.
In 2016, John purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,560, which exceeds the estimated amount per the IRS tables.
During the year, John paid the following amounts (all of which can be substantiated):
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Credit card interest
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$1,760
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Auto loan interest
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4,300
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Auto insurance
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900
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Property taxes on personal residence
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2,640
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Blue Cross health insurance premiums
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2,800
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Other medical expenses
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790
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Income tax preparation fee
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900
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Charitable contributions:
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Boy Scouts
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1,350
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St. Matthews Church
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3,100
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U. of Nevada (Reno) Medical School
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26,900
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Nevada Democratic Party
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250
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Fund-raising dinner for the Reno Auto Museum (value of dinner is $25)
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100
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Required: Complete John's federal tax return for 2016. Use Form 1040, Schedule A, and Schedule B, to complete this tax return. Make realistic assumptions about any missing data.
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