Tax Returns Schnappauf F 8863 Will 2014

Jun 17th, 2016
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Solution In 2014, Bill and Joyce Schnappauf lived in Wakefield, RI. Bill is 53 and Joyce is 51. Bill is a district sales manager for USC Equipment Corporation, a Rhode Island firm that manufactures and distributes gaming equipment. Joyce is a self-employed author of children’s books. The Schnappaufs have three children, Will, 21, Dan, 19, and Tom, 16. In February 2015, he Schnappaufs provided the following basic information for preparing their 2014 federal income tax return. Use 2014 forms and 2014 tax tables.

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Form8863Department of the TreasuryInternal Revenue Service (99)Education Credits(American Opportunity and Lifetime Learning Credits)OMB No. 1545-0074AttachmentSequence No. 50Your social security numberName(s) shown on returnBill Schnappauf!CAUTIONPart I1503Enter the amount from Form 1040, line 38, or Form 1040A, line 22. If youare filing Form 2555, 2555-EZ, or 4563, or you are excluding income fromPuerto Rico, see Pub. 970 for the amount to enter . . . . . . . .3Subtract line 3 from line 2. If zero or less, stop; you cannot take anyeducation credit . .

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