Tax Return Problem

Prepare an income tax return by hand in blue pen (no tax software) with appropriate schedules that can be found at the IRS website ( for the Barbosas for 2014. In doing this, use the following guidelines:

• Make necessary assumptions for information not given in the problem but needed to complete the return. Be aware of the possible application of certain tax credits. • The taxpayers have the necessary substantiation (e.g., records, receipts) to support the transactions involved. • If a refund results, the taxpayers want it sent to them. • The Barbosas do not wish to contribute to the Presidential Election Campaign fund. • In the past several years, the Barbosas have itemized their deductions from AGI (have not claimed the standard deduction option).