Preoare 2022 Tax Return using the information below: *Forms 1040, 2441, 8814, 8895 *Schedules 1 and 3 Client Information: Julia Swanson and her now ex-husband, Kevin, were legally divorced on March 1, 2018. As of the end of the year, Julia was unmarried. Julia and Kevin have only one child, an 11-year-old girl named Margaret. As part of the divorce decree, Julia was given custody of Margaret, and Kevin was required to pay child support for Margarets care and alimony to Julia until she remarries or dies. Because Kevin will be making child support payments, the divorce decree provided that Kevin will be permitted to claim the tax dependency exemption for Margaret until Margaret no longer qualifies as a tax dependent of either parent, and the decree obligates Julia to sign and file any required forms to cause this result to occur (which she did). Julia rents a home for herself and Margaret. Margaret lives with Julia most of the time, but she visits and stays with her father every other weekend and most holidays. During the year, Margaret stayed at Kevins house for a total of 74 nights. Julia paid $350 per month to a licensed child care provider (Child Care Central, 123 Grand Street, Fairbanks, AK 99511, EIN 70- 3332299) for eight months during the school year and $600 per month for four months during school breaks. Julia provided the following information for the tax year: Julias Social Security number is 662-22-4092 Margarets Social Security number is 662-34-8888 Julias mailing address is 1245 Rose Petal Drive, Fairbanks, Alaska 99577. She lived there for the entire tax year. Julia had no virtual currency transactions during the year. Julia works as a mechanic. The following was reported on Julias Form W-2: Employer - Central Alaska Heating and Air Gross Wages - 29,530 Federal Income Tax Withholding - 3,590 The employer withheld all applicable and appropriate payroll taxes. Julia and Margaret each received a $3,284 PFD check during the year. (Note: In February 2023, the IRS announced that only $2,622 of this amount is taxable). Margaret also had interest income of $618 from a savings bond her grandparents bought for her when she was born. Julia elects to report the interest and dividends on her return. Julia also contributed $1,500 to United Way during the year. During the year, Julia also received the following: Child Support Payment from Kevin Swanson $10,200 Alimony Payment from Kevin Swanson $12,600 A gift from her father to help with legal bills $ 5,900 Interest income on U.S. Treasury Bond $ 1,950 Interest income of Madison City Bond (municipal bond) $ 700 Interest income from First Bank of Madison $ 735 Life insurance proceeds on the death of her mother $85,000 Julia is a 55% owner of a Bright Day Flowers, Inc. Bright Day Flowers (BDF) is a Subchapter S corporation that makes retail flower sales. The company reported ordinary business income for the year of $45,000. Julia acquired the stock several years ago. Julia worked 600 hours at th.

1. Preoare 2022 Tax Return using the information below:
*Forms 1040, 2441, 8814, 8895
*Schedules 1 and 3
Client Information:
Julia Swanson and her now ex-husband, Kevin, were legally divorced on March 1, 2018. As of
the end of the year, Julia was unmarried. Julia and Kevin have only one child, an 11-year-old girl
named Margaret. As part of the divorce decree, Julia was given custody of Margaret, and Kevin
was required to pay child support for Margarets care and alimony to Julia until she remarries or
dies. Because Kevin will be making child support payments, the divorce decree provided that
Kevin will be permitted to claim the tax dependency exemption for Margaret until Margaret no
longer qualifies as a tax dependent of either parent, and the decree obligates Julia to sign and file
any required forms to cause this result to occur (which she did).
Julia rents a home for herself and Margaret. Margaret lives with Julia most of the time, but she
visits and stays with her father every other weekend and most holidays. During the year,
Margaret stayed at Kevins house for a total of 74 nights. Julia paid $350 per month to a licensed
child care provider (Child Care Central, 123 Grand Street, Fairbanks, AK 99511, EIN 70-
3332299) for eight months during the school year and $600 per month for four months during
school breaks.

2. Julia provided the following information for the tax year:
Julias Social Security number is 662-22-4092
Margarets Social Security number is 662-34-8888
Julias mailing address is 1245 Rose Petal Drive, Fairbanks, Alaska 99577. She lived there for
the entire tax year.
Julia had no virtual currency transactions during the year.
Julia works as a mechanic. The following was reported on Julias Form W-2:
Employer - Central Alaska Heating and Air
Gross Wages - 29,530
Federal Income Tax Withholding - 3,590

3. The employer withheld all applicable and appropriate payroll taxes.
Julia and Margaret each received a $3,284 PFD check during the year. (Note: In February 2023,
the IRS announced that only $2,622 of this amount is taxable). Margaret also had interest income
of $618 from a savings bond her grandparents bought for her when she was born. Julia elects to
report the interest and dividends on her return.
Julia also contributed $1,500 to United Way during the year.
During the year, Julia also received the following:
Child Support Payment from Kevin Swanson $10,200
Alimony Payment from Kevin Swanson $12,600
A gift from her father to help with legal bills $ 5,900

4. Interest income on U.S. Treasury Bond $ 1,950
Interest income of Madison City Bond (municipal bond) $ 700
Interest income from First Bank of Madison $ 735
Life insurance proceeds on the death of her mother $85,000
Julia is a 55% owner of a Bright Day Flowers, Inc. Bright Day Flowers (BDF) is a Subchapter S
corporation that makes retail flower sales. The company reported ordinary business income for
the year of $45,000. Julia acquired the stock several years ago. Julia worked 600 hours at the
BDF shop in the evenings and on the weekends during the tax year. Bright Day Flowers, Inc.s
employer identification number is 70-1234555.
Julia entered a contest sponsored by a radio station and won 10 tickets to the touring Broadway-
style production of Wholesome. The value of the tickets was $50 each, and Julia took her friends
from work to the production.

5. Julia did not own, control or manage any foreign bank accounts, nor was she a grantor or
beneficiary of a foreign trust during the tax year.
Because Julia was not eligible for a retirement plan at work, she contributed $2,500 to a
traditional IRA. She also has a high-deductible healthcare plan at work, so she contributed
$3,000 to a Health Savings Account (HSA).
Julia was provided with the following benefits as part of her employment:
Group-term life insurance coverage of $50,000. The cost to cover Julia for the company for
the tax year is $150.
Access to the company photocopy machine. Julia estimates she made $14 worth of copies
during the year, primarily for use with her church group activities.

6. Julia reported no deductions other than any described above. Julia does not want to contribute to
the Presidential Election Campaign Fund. She would like a refund of any tax she may have
overpaid for the year. If she is due a refund, she would like it applied to next years taxes. She
will not owe any penalties if she owes money and will make a full payment with the timely-filed
tax return.
FORMS AND SCHEDULES:
begin{tabular}{|c|c|c|} hline multirow{2}{*}{SCHEDULE1(Form1040)} &
multirow[b]{2}{*}{AdditionalIncomeandAdjustmentstoIncomeAttachtoForm1040,1040-
SR,or1040-NR.} & OMB Na. 15650074 hline & & 2022 hline end{tabular}

7. Schedule 3 (Form 1040) 2022 Page 2 Part II Other Payments and Refundable Credits 9 Net
premium tax credit. Attach Form 8962 10 Amount paid with request for extension to file (see
instructions) 11 Excess social security and tier 1 RRTA tax withheld 12 Credit for federal tax on
fuels. Attach Form 4136 13 Other payments or refundable credits: a Form 2439 b Credit for
qualified sick and family leave wages paid in 2022 from Schedule(s) H for leave taken before
April 1, 2021 c Reserved for future use d Credit for repayment of amounts included in income
from earlier years . e Reserved for future use f Deferred amount of net 965 tax liability (see
instructions) g Reserved for future use h Credit for qualified sick and family leave wages paid in
2022 from Schedule(s) H for leave taken after March 31, 2021, and before October 1, 2021 z
Other payments or refundable credits. List type and amount: 14 Total other payments or
refundable credits. Add lines 13a through 13z 15 Add lines 9 through 12 and 14. Enter here and
on Form 1040, 1040-SR, or 1040-NR, line 31 Schedule 3 (Form 1040) 2022
begin{tabular}{l|l} 8995 & Qualified Business Income Deduction end{tabular} Simplified
Computation Department of the Treasury Attach to your tax return. Inemal Reverue Service Go
to www.irs.gov/Formb9g5 for instructions and the latest information. CNA No 15452294
Namelsy shown on retum Your tapayer identification number Note. You can claim the qualified
business income deduction only if you have qualified business income from a qualified trade or
business, real estate investment trust dividends, publicly traded partnership income, or a
domestic production activities deduction passed through from an agricultural or horticultural
cooperative. See instructions. Use this form if your taxabie income, before your qualified
business income deduction, is at or below $170,050 ($340,100 if married filing jointly), and you
aren't a patron of an agricuitural or horticultural cooperative. begin{tabular}{|c|c|c|c|c|c|} hline
1 & (a) Trade, business, or aggregation rame & multicolumn{2}{|r|}{ identifation number } &
multicolumn{2}{|r|}{(c)Oalifiedbusinessincomeoflosal} hline i & & & & & hline
multicolumn{6}{|l|}{ ii } hline multicolumn{6}{|l|}{ iii } hline multicolumn{6}{|l|}{ iv
} hline multicolumn{6}{|l|}{v} hline 2 &
Totalqualifiedbusinessincomeor(loss).Combinelines11through1v,column(c) & 2 & & & hline
3 & Qualified business net (loss) carryforward from the prior year. . . . . . . & 3 & x & & hline
4 & Total qualified business income. Combine lines 2 and 3 . If zero or less, enter -0 - & 4 & &
& hline 5 & Qualified business income component. Multiply line 4 by 20%(0.20) & & & 5 &
hline 6 &
QualifiedREITdividendsandpubliclytradedpartnership(PTP)incomeor(loss)(seeinstructions) & 6
& & & hline 7 &
QualifiedREITdividendsandqualifedPTP(loss)carryforwardfromtheprioryear. & 7 & & &
hline 8 & TotalqualifiedREITdividendsandPTPincome.Combinelines6and7.Ifzeroorless,enter0.

8. & 8 & & & hline 9 & REIT and PTP component. Multiply line 8 by 20%(0.20) & & & 9 &
hline 10 & Qualified business income deduction before the income limitation. Add lines 5 and
& & & 10 & hline 11 & Taxable income before qualified business income deduction (see
instructions) & 11 & & & hline 12 & Net capital gain (see instructions) . . . . . . . . ...... & 12 &
& & hline 13 & Subtract line 12 from line 11. If zero or less, enter =0........ & 13 & & &
hline 14 & Income limitation. Multiply line 13 by 20%(0.20) & & & 14 & hline 15 &
Qualifiedbusinessincomededuction.Enterthesmallerofline10orline14.Alsotheapplicablelineofyour
return(seeinstructions) & enter & or this amount on & 15 & hline 16 & Total qualified
business (loss) carryforward. Combine lines 2 and 3 . If greater than & & 0, enter -0 - . & 16 &
hline 17 &
TotalqualifiedREITdividendsandPTP(loss)carryforward.Combinelines6azero,enter=0- & & 7. If
greater than & 17 & hline end{tabular} For Privacy Act and Paperwork Reduction Act
Notice, see instructions. Cat. Nab arace Form 8995 (2022)
Form 2441002% Page 2 Part III Dependent Care Benefits 12 Enter the total amount of dependent
care benefits you received in 2022. Amounts you received as an emplayee should be shown in
box 10 of you Form(s) W-2. Don't include amounts reported as wages in box 1 of Form's) W-2.
If you were self-employed or a partner, include amounts you received under a dependent care
assistance program from your sole proprietorship or partnership 13 Enter the amount, if any, you
carried over from 2020 andior 2021 and used in 2002 . See instructions 14 If you forleited of
carried over to 2023 any of the amounts reported on line 12 or 13 , enter the amount. See
instructions . 15 Combine lines 12 through 14 , See instructions 16 Enter the total amount of
qualified expenses incumed in 2022 for the care of the qualifying person(s) 17 Enter the smaller
of line 15 or 16 18 Enter your earned income. See instructions 19 Enter the amount shown below
that applies to you. - If married filing jointly, enter your spouse's earned income if you or your
spouse was a student or was disabled, see the instructions for line 5). - If married filing
separately, see instructions. - All others, enter the amount from line 18. 20 Enter the smallest of
tine 17,18 , or 19 21 Enter $5,000 ($2,500 if married filing separately and you were required to
enter your spouse's earned income on line 19). If you entered an amount on line 13 , add it to the
$5,000 or $2,500 amourt you enter on ine 21. However, don't enter more than the maximum
amount allowed under your dependent care plan, if your dependent care plan uses a non-calendar
plan year, see instructions 22 Is any amount on line 12 or 13 from your sole proprietorship or
partnership? No. Enter -0 - Yes. Enter the amount here. 23 Subtract line 22 from line 15 24
Deductible benefits. Enter the smallest of line 20,21, of 22. Aiso, include this amount on the
appropriate ine(s) of your return. See instructions 25 Excluded benefits. If you checked "No" on
line 22, enter the smaller of line 20 or 21. Otherwise. subtract line 24 from the smaller of line 20

9. or line 21 . If zero or less, enter -0- 26 Taxable benefits. Subtract line 25 from line 23, If zero or
less, enter -0 -, Also, enter this amount on Form 1040, 1040-SR, or 1040-NR, Ine 1e To claim
the child and dependent care credit. complete lines 27 through 31 below. 27 Enter $3,000 (
$6,000 if two or more qualifying persons) . 28 Add lines 24 and 25 29 Subtract line 28 from line
27. If zero or less, stop. You can't taike the credit. Exception. If you paid 2021 expenses in 2022,
see the instructions for line 96 30. Complate line 2 on page 1 of this form. Don't include in
column (d) any benefits shown on line 28 above. Then, add the amounts in oolumn (d) and enter
the total here 31 Enter the smaller of line 29 or 30 . Also, enter this amount on line 3 on page 1
of this form and complete lines 4 through 11 . begin{tabular}{|l|l} hline 27 & hline 28 &
hline 29 & hline 30 & hline 31 & hline end{tabular} Fom 2441 colez
Schedule 1 (Form 1040) 2022 Page 2 Part II Adjustments to Income 11 Educator expenses 12
Certain business expenses of reservists, performing artists, and fee-basis government officials.
Attach Form 2106 13 Health savings account deduction. Attach Form 8889 14 Moving expenses
for members of the Armed Forces. Attach Form 3903 15 Deductible part of self-employment tax.
Attach Schedule SE 16 Self-employed SEP, SIMPLE, and qualified plans 17 Self-employed
health insurance deduction 18 Penalty on early withdrawal of savings. 19a Alimony paid b
Recipient's SSN c Date of original divorce or separation agreement (see instructions): 20 IRA
deduction . 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA
deduction 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related
to income reported on line 81 from the rental of personal property engaged in for profit c
Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money
reported on line 8m. d Reforestation amortization and expenses. e Repayment of supplemental
unemployment benefits under the Trade Act of 1974 . f Contributions to section 501(c)(18)(D)
pension plans g Contributions by certain chaplains to section 403 (b) plans h Attorney fees and
court costs for actions involving certain unlawful discrimination claims (see instructions). i
Attorney fees and court costs you paid in connection with an award from the IRS for information
you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555.
k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other
adjustments. List type and amount: begin{tabular}{|l|l} hline 11 & hline 12 & hline 13 &
hline 14 & hline 15 & hline 16 & hline 17 & hline 18 & hline 19a & hline 20
& hline 21 & hline 22 & hline 23 & hline & & hline 26 & hline end{tabular}
25 Total other adjustments. Add lines 24a through 24z. 26 Add lines 11 through 23 and 25.
These are your adjustments to income. Enter here and on Form 1040 or 1040 -SR, line 10, or
Form 1040-NR, line 10a Schedule 1 (Form 1040) 2022

10. A You can't claim a credit for child and dependent care expenses if your filing stafus is married
cling separately unless you meet the requinements listed in the instructions under Mlamied
Persons Filng Separately, If you meet these requirements, check this box. B If you or your
spouse was a student or was disabled during 2022 and you're entering deemed income of $250 or
$500 a month on Form 2441 based on the income nules listed in the instructions under IF You or
Your Spoute Was a Student or Disabled, check thib box. Part 1 Persons or Organizations Who
Provided the Care-You must complete this part. if you have more than three care providers. see
the instructions and check this box begin{tabular}{|c|c|c|c|c|} hline 1ia)Coregrevidersname & &
& & hline & & & DYes & hline & & & Qres & hline & & & DYes & hline
end{tabular} Caution: If the care provider is your househoid employee. you may owe
employment taxes. For details, see the Instructions for Schedule H (Fom 1040), If you incurred
care expenses in 2022 but didn't pay them until 2023 , or if you presaid in 2002 for care to be
provided in 2023, don't include these expenses in column (d) of line 2 for 2022 . See the
instructions: Part II Credit for Child and Dependent Care Expenses 2 information about your
qualifying perscn(s). If you have more than three qualifying persons, see the instructions and
check this box (a) Qunityongenoniz nume 3 Add the amounts in column idf of line 2. Don't enter
move than $3,000 if you had one qualifying person or $6.000 if you had two or more persons. If
you completed Part ill, enter the amount from line 31 4 Enfer your earned income. See
instructions 5 If married filing jointly, enter your spouse's earned income (4 you or your spouse
was a student or was disablod, see the instructionst all others, enter the amount trom line 4 6
Ener the smallest of line 3, 4, or 5 7 Enter the amount from form 1040, 1040-SR, or 1040-vR,
line 11 8 Enter on line 8 the decimal amount shown below that applies to the amount on line 7. if
the 7 is: begin{tabular}{|c|c|c|c|c|c|c|c|c|} hline multicolumn{3}{|c|}{ If the 7 is: } &
multicolumn{3}{|c|}{ If line 7 is: } & multicolumn{2}{|c|}{ If line 7 is: } &
multirow[b]{2}{*}{Decimalamountis} hline Over & Butnotover & Decimalamountis &
Over & Butnotover & Decimalanountis & Over & Butnotover & hline & 15,000 & 35 &
multicolumn{2}{|c|}{325,00027,000} & 29 & multicolumn{2}{|c|}{$37,00039,000} & 23
hline 15.00 & 17,000 & 34 & multicolumn{2}{|c|}{27,0002,0,050} & 28 &
multicolumn{2}{|c|}{32,00041,000} & 22 hline 17,000 & -19.000 & 23 &
multicolumn{2}{|c|}{20,00031.000} & 27 & multicolumn{2}{|c|}{41,00042,000} & 21
hline 19,00 & 21,000 & $2 & multicolumn{2}{|c|}{31,00039,000} & 26 &
multicolumn{2}{|c|}{43,000 No limat } & 20 hline 21,00 & -23.000 & 31 &
multicolumn{2}{|c|}{33,00035,000} & 25 & & & hline 23,00 & -25.000 & 30 &
multicolumn{2}{|c|}{35,00037,000} & 24 & & & hline end{tabular} 9a Multiply line 6 by
the decimal amount on line 8 b If you paid 2021 expenses in 2022, complete Worksheet A in the
instructions. Enter the amount from line 13 of the worksheet here. Otherwise, enter -0 - on line

11. 9b and 90 to line 9cc Add lines 9a and 9b and enter the result 10 Tax liability imil. Enter the
amourt from the Credt Limit Worksheet in the indetuctors 10 11 Credit for child and dependent
care expenses. Enter the smaller of line 9c or line 10 here and on Schedule 3 (Form 1040, line 2 .
For Paperwork Reduction Act Notice, see your tax return instructions. Cat No itbous fom 2441
ates
Form 1040 (2022) Page 2 Go to www irs gowiformt 040 for instructions and the latest
information. Fom 1040 sorzo
SCHEDULE 3 (Form 1040) Department of the Treasury internal Plevenue Service Additional
Credits and Payments Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form
1040 for instructions and the latest information. OMB No, 1545-0074 begin{tabular}{|l|l|l|l}
hline Name(s) shown on Form 1040, 1040-SR, or 1040-NR & Your social security number
hline end{tabular} Part I Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if
required 2 Credit for child and dependent care expenses from Form 2441, line 11. Attach Form
2441 3 Education credits from Form 8863, line 19 4 Retirement savings contributions credit.
Attach Form 8880 5 Residential energy credits. Attach Form 5695 6 Other nonrefundable
credits: a General business credit. Attach Form 3800 b Credit for prior year minimum tax. Attach
Form 8801 c Adoption credit. Attach Form 8839 d Credit for the elderly or disabled. Attach
Schedule R . e Alternative motor vehicle credit. Attach Form 8910 f Qualified plug-in motor
vehicle credit. Attach Form 8936 g Mortgage interest credit. Attach Form 8396 h District of
Columbia first-time homebuyer credit. Attach Form 8859 i Qualified electric vehicle credit.
Attach Form 8834 j Alternative fuel vehicle refueling property credit. Attach Form 8911 k Credit
to holders of tax credit bonds. Attach Form 8912 I Amount on Form 8978, line 14. See
instructions z Other nonrefundable credits. List type and amount: 7 Total other nonrefundable
credits. Add lines 6a through 6z 8 Add lines 1 through 5 and 7. Enter here and on Form 1040,
1040-SR, or 1040-NR, line 20 (continued on page 2) For Paperwork Reduction Act Notice, see
your tax return instructions. Cat. No. 71480G schedule 3 (Form 1040) 2022