Carlos and Maria Gomez live in Lubbock, Texas.The Gomez’s have three children: Luis (age 15), Amanda (age 13) and Joe (born in January 2019).All three children qualify as federal income tax dependents of Carlos and Maria.The Gomez’s provided the following information: Joe’s social security number is 589-74-2833(See prior return for other SS#s) The Gomez’s current mailing address is still 543 West La Patera, Lubbock, Texas 79401 Carlos was laid off from his previous job and received $10,000 of unemployment compensation. Carlos made 15,000 as an independent contractor with no expenses related to his job before he decided to stay home with the kids. (SCHEDULE C and Schedule SE) Maria’s bookkeeping service took off after she completed her MSA passed the CPA exam.She had the following income and expenses: (SCHEDULE C & SCHEDULE SE…Maria and Carlos will each have their own schedule C and SE, so you will have 2 of each of these forms) Revenue:  Accounting Income$ 120,000 Expenses Advertising$8,000 Office Supplies$2,000 Rent (She no longer uses a home office)$12,000 Professional Insurance$4,000 Meals$3.000 Business Travel$6,000 Total Expenses$35,000 No form 1099s were required to be filed. Carlos and Maria had $6,000 of childcare expenses in 2018 for the baby from DAYAWAY Childcare at 911 Helpme St., Lubbock Texas.FEIN 43-4564564 (Form 2441) Maria won the Showcase Showdown on the Price is Right.She received $10,000 in cash and a new boat worth $35,000. (SCHEDULE 1) Maria also taught on-line courses for a local college and received a w-2.  (FORM 1040) Investment Income Carlos and Maria had the following interest income listed on the appropriate line of form 1099 from the following sources: (SCHEDULE B) First Bank of Texas$275 U.S. Treasury Bonds$175 Rio Tinto Minerals$800 Grand Junction City Bonds$ 3,500 Carlos and Maria had the following dividend income listed on the appropriate line of form 1099 from the following sources:(All were qualified dividends.) (SCHEDULE B) General Mills $ 1,850 Sysco Corporation$600 Tyco Intergrated Security$500 The J.M. Smucker Co.$700 IBM Stock$ 4,000 Carlos and Maris sold the following stocks: Sales PurchaseSale SecurityDateDate Price Basis  Grand Junction Bonds03/14/19 10/31/14$2,400  3,000 Big Splash 03/18/19 06/19/18$9,5005,000 Tesla07/21/19 09/15/08$18,000  7,500 (SCHEDULE D) Other Income Carlos and Maria also use Air BNB to occasionally rent out Maria’s old office which they converted to a guest suite.The guest suite does not have its own entrance or kitchen facilities.They made $3,500 renting the guest suite for 70 days in 2018.The rest of the time they used the space themselves.(SCHEDULE E – IF REQUIRED) Carlos and Maria continue to rent out El Mar unit.It was rented for the entire year with no vacancies. (SCHEDULE E) Rental revenue$14,000 HOA fee expense$1,200 Property taxes paid$800 Utilities expense$1,650 Liability and hazard insurance$2,000 Repairs$950 Tax Depreciation$500 (Do not do Form 4562) Information for Itemized Deductions Carlos and Maria received a form 1098 from the First Bank of Texas related to the mortgage on their primary home.The following information was reported:(Schedule A) Mortgage interest expense$17,500 Real Estate Taxes$11,000 On May 20, 2018, Carlos and Maria contributed clothing, furniture and a coin collection to the Salvation Army.The original cost of the clothing was $3,000. They received a statement from the Salvation Army valuing the donation at $750. The Salvation Army is located at 350 Stone Ridge Road, Lubbock, TX 79401.In addition, they made the following cash contributions and received a statement from each of the above organizations acknowledging her contribution.(SCHEDULE A and FORM 8283) SIUE$15,000 United Way (501( C)(3))  3,000 First Methodist Church  2,500 Democratic National Convention (Carlos)250 Republican National Convention (Maria) 250 Alliance for Nuclear Responsibility (501( C)(3))    1,200 The Gomezes paid the following medical expenses during the year: Dentist Checkups & Cavities (unreimbursed by insurance)$4,000 Orthodontist$ 12,000 Chiropractor (unreimbursed by insurance)$3,500 Prescriptions (unreimbursed by insurance)$ 425 Lasik$3,500 Fertility Treatments$ 15,000 Cosmetic Surgery (tummy tuck)$8,000 Acupuncture$6,500 (SCHEDULE A) Other Expenses Vehicle property tax based upon value$ 1,950 (SCHEDULE A) Other Information for Personal Tax Return The Gomez’s made timely federal estimated tax payments for the 2019 tax year of $30,000. The Gomez’s want to contribute to the Presidential Election Campaign Fund.The Gomez’s would like to receive a refund (if any) of tax they may have overpaid for the year.Their preferred method of receiving the refund is by check.

Assignment ContentWrite a 700- to 1,050-word paper in which you compare public and business budget preparation strategies. Make sure to include:Introduction to budget preparationOperating and funding sources of public revenueEffects of demographics on public revenue servicesInclude at least two academic sources in your paper, including one from the university library.Format your paper consistent with APA guidelines.Assignment ContentResources: Internet, University LibraryFind a recent media or news article on the Internet concerning budget issues a police or other public sector agency is currently facing.Write a 700- to 1,050-word paper where you:Give a summary of the articleOutline the type of operating budget utilized by the chosen agencyDiscuss challenges faced by leaders in the article in working through the budget issuesSummarize how you as a criminal justice leader would work through the specified budgetary issue you outlinedInclude at least two academic sources in your paper, including one from the University Library.Format your paper consistent with APA guidelines.