Prepare an income tax return (with appropriate schedules) for the Taxpayers for

Prepare an income tax return (with appropriate schedules) for the Taxpayers for 2020, using the
following guidelines and information:
The Taxpayers choose to file a joint income tax return
The Taxpayers do not wish to contribute to the Presidential Elections Campaign Fund.
The Taxpayers do not own any foreign bank accounts or other investments.
The Taxpayers have not engaged in any virtual currency transactions
The Taxpayers prefer to receive any refund of overpaid taxes.
For the past several years, the Taxpayers have itemized their deductions from AGI
instead of using the standard deduction.
The taxpayers have the necessary substantiation (e.g., records, receipts) to support
all transactions reported in their tax return.
Make necessary assumptions for information not given in the problem but needed to
complete the return.
The taxpayers also provided the various tax forms contained in this module.
Bill Taxlaw (age 53) and Mary Taxlaw (age 45) are married and live at 426 East Oak, Carbondale, IL
62901. Bill has been promoted to Vice President for Com-Pac a local flexible packaging manufacturer
and Mary is a self-employed attorney. They are calendar-year, cash-basis taxpayers