Noah and Joan Arc’s Tax Return Noah and Joan Arc live with their family in Dayton, OH. Noah’s Social Security number is 434-11-3311. Noah was born on February 22, 1983 and Joan was born on July 1, 1984. Both enjoy good health and eyesight. Noah owns and operates a pet store and Joan is a firefighter for the city of Dayton.
1. The Arcs have two children, a son named Billie Bob (Social Security number 598-01- 2345), born on March 21, 2011, and a daughter named Mary Sue (Social Security number 554-33-2411), born on December 3, 2014.
2. Joan and Noah brought a folder of tax documents located on Pages D-3 to D-5.
3. Noah’s pet store is located at 1415 S. Patterson Blvd, Dayton, OH 45409. The name of the store is ‘‘The Arc,’’ and its taxpayer identification number is 95-9876556. Since you handle Noah’s bookkeeping, you have printed the income statement from your Quickbooks software, shown on Page D-5.
4. Detail of The Arc’s meals and entertainment:
Food costs for Arc holiday party...................250
Meals associated with business travel...................400
Overtime meals for employees...................50
Sports tickets for entertaining large customers...................556
Total...................$ 1,256
5. Noah and Joan paid the following amounts during the year (all by check):
Political contributions...............$ 250
Church donations (for which a written acknowledgment was received)...............2,625
Real estate taxes on their home...............2,375
Medical co-pays for doctor visits...............700
Mortgage interest for purchase of home See Form 1098 (Page D-4)
Tax return preparation fees...............350
Credit card interest...............220
Automobile insurance premiums...............600
Uniforms for Joan...............125
6. Noah has a long-term capital loss carryover from last year of $2,375.
7. Noah and Joan own rental