2025 Tax Document Summary

Filing status: Married Filing Jointly (MFJ) Taxpayers: Benjamin A. Wilson (SSN xxx-xx-4122) & Michelle M. Wilson (SSN xxx-xx-2360) Dependent: Sophia Wilson (born 2023) State: Florida (no state income tax) Prepared: 2026-04-06

1. W-2 — Ben’s Wages (Ray Data LLC)

File: w2-bw.pdf Employer: Ray Data LLC, EIN 87-4413391 Issued via: Gusto

Notes:

• No retirement plan box checked
• No Box 12 entries (no 401k deferral, no health insurance DD code)
• No dependent care benefits in Box 10
• SEHI flag: Health insurance premiums paid by the S-Corp for Ben as a 2%+ shareholder-employee are typically included in Box 1 wages and reportable in Box 14. Box 14 is blank here. This is a critical item — confirm with Collective HUB whether SEHI premiums were included in Box 1 wages and how they were handled. In 2024 this was $15,458. The S-Corp return would reflect this as a compensation expense.

2. 1099-NEC — Mammoth Growth (S-Corp Revenue)

File: 1099-nec-mammoth-growth.pdf Payer: Mammoth Growth LLC, 145 Corte Madera Town Center #445, Corte Madera CA 94925 Payer TIN: 83-4208114 Recipient: Ray Data LLC, 1212 South Suffolk Drive, Tampa FL 33629 Recipient TIN: XX-XXX3391 (EIN) Account number: 831372550 Calendar year: 2025

Notes:

• This is revenue paid to Ray Data LLC (the S-Corp), NOT personal income reported directly on the 1040
• Goes on the 1120-S corporate return as business revenue
• No federal withholding

3. Form 8879-CORP — S-Corp E-file Authorization

File: 8879-corp-business-taxes.pdf Entity: Ray Data LLC, EIN 87-4413391 Form type: 1120-S (S-Corporation) Tax year: 2025 ERO firm: Collective HUB Inc. Officer signature: Benjamin Andrew Wilson, CEO, dated 04/10/2026

Notes:

• Line 6 of Form 1120-S is gross income (revenue minus cost of goods sold), not net ordinary income
• The actual K-1 ordinary business income (after officer compensation, SEHI, and other S-Corp expenses) will be lower
• Key numbers needed from the K-1 itself (not in this file):
  • Box 1: Ordinary business income (net after all S-Corp deductions)
  • Box 17 / attached schedule: W-2 wages paid by the S-Corp (needed for QBI W-2 wage limitation test)
  • Any distributions taken
  • SEHI premium amount (self-employed health insurance paid through S-Corp)
• IMPORTANT: The 8879-CORP only contains the e-file authorization, not the full 1120-S return or K-1. The actual K-1 must be obtained from Collective HUB to complete the personal return. Based on the 1120-S Line 6 gross income of $199,521 and total W-2 wages paid to Ben of $57,500, ordinary income (K-1 Box 1) is likely in the range of $100,000–$140,000 after deducting officer compensation, SEHI, and other business expenses — but this is an estimate only.
• Estimated K-1 ordinary income: $199,521 (gross) minus $57,500 (officer salary) minus ~$15,000–$16,000 (SEHI estimate) minus other expenses = rough estimate $120,000–$130,000. DO NOT USE FOR FILING — obtain actual K-1.

4. 1099-WF-BW-1 — Wealthfront Brokerage (Ben, Account 8W14YTCT)

File: 1099-wf-bw-1.pdf (16 pages) Account: 8W14YTCT — Benjamin A Wilson Statement date: 02/11/2026, Document ID: 7U90 109 B805 Payer TIN: 27-1967207

Summary Totals

1099-DIV:

1099-INT: All zeros (no interest income)

1099-B Summary (proceeds/gains/losses):

Foreign income (from page 14):

• Foreign source income: $0.48 (Thomson Reuters qualified dividend)
• Foreign tax paid: -$0.12

Management fees paid (informational, not IRS reported): $1.56

Notes:

• This is a relatively small individual brokerage account (tech stocks: Alphabet, Apple, Meta, Microsoft, Nvidia, plus some sector funds)
• Short-term capital loss of $109.01, no wash sales
• Minimal foreign tax credit: $0.12

5. 1099-WF-BW-2 — Wealthfront Brokerage (Ben, Account 8W1067NV)

File: 1099-wf-bw-2.pdf (6 pages) Account: 8W1067NV — Benjamin A Wilson Statement date: 02/11/2026, Document ID: 26F3 6H6 J7T2 Payer TIN: 27-1967207

Summary Totals

1099-DIV:

1099-INT: All zeros

1099-B: All zeros (no sales)

Dividend detail:

• RBC FDS TR BlueBay CL 2: $3.14 (nonqualified money market dividends)
• Alphabet Inc Cap Stk Cl A: $0.66 (qualified)
• Apple Inc: $1.23 (qualified)
• Meta Platforms Inc Cl A: $3.32 (qualified)
• Microsoft Corp: $1.60 (qualified)
• Nvidia Corporation: $0.30 (qualified)

Management fees paid: $0.00

Notes:

• Very small account, dividends only (Apple, Alphabet, Meta, MSFT, NVIDIA, money market)
• No capital gains activity

6. 1099-WF-BW-3 — Wealthfront Brokerage (Ben, Account 8W108343)

File: 1099-wf-bw-3.pdf (24 pages) Account: 8W108343 — Benjamin A Wilson Statement date: 02/11/2026, Document ID: 2ES1 9E6 VQF6 Payer TIN: 27-1967207

Summary Totals

1099-DIV:

1099-INT: All zeros

1099-B Summary:

Foreign income (from page 20):

• Total foreign source income: $2,002.15
• Qualified foreign source income: $1,069.87
• Foreign tax paid: -$152.21

Management fees paid (informational): $330.38

Notes:

• This is Ben’s main Wealthfront investment/tax-loss harvesting account (diverse ETF and equity portfolio)
• Short-term capital loss: -$393.92; Long-term capital gain: +$140.14; Net: -$253.78
• No wash sales
• Has $48.96 Section 199A dividends (eligible for QBI deduction on Schedule D income)
• $4.12 tax-exempt (municipal bond) interest
• Significant foreign tax credit: $152.21 — use Form 1116

7. 1099-Cash-WF-BW — Wealthfront Cash Account (Ben & Michelle, Account 8W539966)

File: 1099-cash-wf-bw.pdf (6 pages) Account: 8W539966 — Benjamin A Wilson / Michelle Wilson (joint) Statement date: 01/27/2026, Document ID: SKJH G1G KW5G Payer TIN: 27-1967207

Summary Totals

1099-DIV: All zeros

1099-INT:

1099-B: All zeros

Interest detail (monthly, all labeled “Interest”): Jan $43.32 | Feb $87.21 | Mar $105.82 | Apr $119.64 | May $163.35 | Jun $246.89 | Jul $234.69 | Aug $208.36 | Sep $209.02 | Oct $196.34 | Nov $168.01 | Dec $150.31 = $1,932.96

Notes:

• This is the Wealthfront Cash account earning HYSA-type interest
• Interest ramped up mid-year (likely balance grew), then declined slightly in H2
• This account is in Ben’s name but joint — reported under Ben’s SSN (xxx-xx-4122)
• All ordinary interest income, no tax-exempt component

8. 1099-WF-MW — Wealthfront Brokerage (Michelle, Account 8W286673)

File: 1099-wf-mw.pdf (18 pages) Account: 8W286673 — Michelle M Whidden (maiden name used) Statement date: 02/11/2026, Document ID: 5743 7SM 3XA7 Payer TIN: 27-1967207 Recipient TIN: XXX-XX-2360 (Michelle’s SSN)

Summary Totals

1099-DIV:

1099-INT: All zeros

1099-B Summary:

Notable transactions:

• Short-term sales primarily in: iShares National Muni ETF, iShares Core MSCI Emkt, Vanguard Tax-Managed FTSE Dev Mkt, Vanguard Intl Equity Index FTSE EMR, Vanguard Muni Bond Tax-Exempt
• Long-term sales: Vanguard Muni Bond Tax-Exempt

Notes:

• $186.87 tax-exempt interest dividends (from muni bond fund activity)
• Foreign tax paid: $32.63 — eligible for Form 1116 credit
• Net capital loss: -$155.28 (all short and long term, no wash sales)
• Section 199A dividends: $8.73

9 & 10. 1099-INT Chase — Michelle (Two Files)

Files: 1099-int-chase-mw.pdf and 1099-int-mw-chase.pdf

Duplicate Analysis

Both files are identical documents — same account, same amounts, same payer. The scanned version (1099-int-chase-mw.pdf) and the digital version (1099-int-mw-chase.pdf) contain the same data. Use only once — do not double-count.

Payer: JPMorgan Chase Bank, N.A., Federal ID: 13-4994650 Recipient: Michelle Margaux Wilson, 1212 S Suffolk Dr, Tampa FL 33629-4228 Recipient TIN: XXX-XX-2360 Account: 122705370 (SAVINGS)

Notes:

• Tiny Chase savings account interest: $1.02
• $0.19 federal backup withholding applies as a tax credit
• These two files are confirmed duplicates of the same Form 1099-INT

11. 1099-INT Schwab — Ben & Michelle Joint (Account 5373-5670)

File: 1099-int-schwab-bw.PDF (9 pages) Account: 5373-5670 — Schwab One account of Benjamin Wilson & Michelle Margaux Wilson JT TEN Date prepared: January 23, 2026 Payer: Charles Schwab & Co., Inc., Federal ID: 94-1737782 Recipient TIN: XXX-XX-4122 (Ben’s SSN used as primary)

Form 1099-DIV:

Dividend detail: Apple (AAPL) $9.19 + Nvidia (NVDA) $3.40 = $12.59 (all qualified)

Form 1099-INT:

Interest detail: Deposit interest $0.13

Management fees (informational): Margin interest charged $1.36

Notes:

• Joint account, small balances
• No capital gains or losses (no 1099-B)
• All dividends are qualified

12. CTK Charitable Contributions

File: CTK-charitable-contributions.pdf Organization: Christ the King Catholic Church, 821 S Dale Mabry Hwy, Tampa FL 33609 Donor: Mr. and Mrs. Benjamin Wilson, 1212 S Suffolk Dr, Tampa FL 33629 Account #: 3766 Reporting period: 01/01/2025 to 12/31/2025 Date printed: 01/15/2026

Total Contributions: $3,105.00

Confirmation statement: “No goods or services were received in exchange for these contributions.”

Contribution types observed (partial detail shown):

• Weekly Offertory (cash): $5–$25/week
• Online Giving: $25/week (regular automatic contributions)

Notes:

• This is a qualified charitable contribution to a religious organization
• Fully deductible as itemized deduction on Schedule A if itemizing
• However, standard deduction for MFJ 2025 is $30,000 — itemizing would only be beneficial if total itemized deductions exceed $30,000. At $3,105 in charity alone, itemizing is very unlikely to exceed the standard deduction.

13. Small Blessings Preschool — Tuition Statement (Sophia)

File: small-blessings-tuition-2025.pdf Institution: Small Blessings Preschool, 500 W. Platt Street, Tampa FL 33606 Tax ID: 59-0714823 Student: Wilson, Sophia — Older Twos TTH (Tuesday/Thursday), Ms. Elena Period: 1/1/2025 to 12/31/2025 Issued: 1/15/2026

Charges breakdown:

Net tuition paid in 2025 (excluding non-education fees):

• Tuition only (6 months × $407): $2,442.00
• Registration + Supply Fee: $500.00
• Security fee: $300.00
• Processing fees: $92.80
• Tote bag (not education): $20.00
• Santa breakfast (not education): $75.00

Tax credit analysis — Child and Dependent Care Credit (Form 2441):

• Sophia was born in 2023, is under age 13
• Preschool qualifies as dependent care if both parents work
• Qualified expenses for Form 2441: Tuition + registration + supply fee = approximately $2,942.00 (excluding processing fees, tote bag, and Santa breakfast which are not qualifying care expenses)
• Maximum qualifying expenses for one child: $3,000
• Credit percentage depends on AGI — at higher income levels, the credit is 20% of qualifying expenses
• At income above ~$43,000 AGI: credit = 20% × $3,000 (capped) = $600 maximum credit
• However, this is a preschool that appears to be primarily educational (Older Twos program). If the primary purpose is education rather than care to enable employment, it may not qualify for Form 2441. Confirm with tax preparer whether this qualifies as dependent care vs. tuition.
• Important: The Child and Dependent Care Credit is nonrefundable and cannot reduce tax below zero.

14. 1040-ES Q1 — Estimated Tax Payment

File: 1040ES-Q1-2025.pdf Confirmation: 222-5505-6341-9538 Date paid: April 14, 2025 Amount: $3,900.00 Bank: Evolve Bank and Trust (acct xxxxxx8324) Taxpayer: Benjamin Wilson

15. 1040-ES Q2 — Estimated Tax Payment

File: 1040ES-Q2-2025.pdf Confirmation: 222-5557-6458-9879 Date paid: June 5, 2025 Amount: $3,900.00 Bank: Column NA Mercury (acct xxxxxxxxxxx9402) Taxpayer: Benjamin Wilson

16. 1040-ES Q4 — Estimated Tax Payment

File: 1040ES-Q4-2025.pdf Confirmation: 222-5758-6061-4708 Date paid: December 23, 2025 Amount: $5,000.00 Bank: Column NA Mercury (acct xxxxxxxxxxx9402) Taxpayer: Benjamin Wilson

Note: No Q3 estimated tax payment document was provided. Verify whether a Q3 payment was made.

Consolidated Income Summary

Wages & S-Corp Income

Interest Income

Dividend Income

Capital Gains / Losses

Notes:

• No wash sales on any account
• Net capital loss of -$518.07 (deductible up to $3,000 against ordinary income)
• No long-term capital gains distributions from any account

Estimated Tax Payments

W-2 federal withholding (Box 2): $4,946.38 Chase backup withholding: $0.19 Total payments confirmed: $12,800.00 + $4,946.38 + $0.19 = $17,746.57

Charitable Contributions

• Christ the King Catholic Church: $3,105.00 (fully documented, no goods/services received)

Dependent Care / Tuition

• Small Blessings Preschool (Sophia): ~$2,942 qualifying expenses — potentially eligible for Child and Dependent Care Credit

Missing / Action Items

1. K-1 from Ray Data LLC 1120-S — Critical. Must obtain from Collective HUB to determine:
   • Box 1: Actual ordinary business income
   • Box 17: W-2 wages paid by S-Corp (for QBI limitation)
   • Any distributions
   • SEHI premium amount included in compensation
2. Q3 estimated tax payment — No document provided. Verify whether $3,900 or other amount was paid in September 2025.
3. SEHI confirmation — Confirm exact health insurance premium amount paid through Ray Data LLC for Ben in 2025. This is a critical above-the-line deduction and also reduces QBI base.
4. Wealthfront MW tax-exempt interest — $186.87 is tax-exempt; confirm state of issuance if any AMT exposure (none expected for FL residents).
5. Dependent care credit eligibility — Confirm with preparer whether Small Blessings qualifies as dependent care (vs. education) for Form 2441.
6. Section 199A dividends ($57.69) — Small amount of REIT dividends eligible for 20% QBI deduction separate from S-Corp QBI.

Tax Return Estimate

IMPORTANT CAVEAT: This estimate uses an assumed K-1 ordinary income because the actual K-1 was not available in the documents provided. The estimate will need to be revised once the K-1 is obtained. All other numbers are from source documents.

Assumptions Used

• K-1 ordinary business income: $126,021 (estimated: $199,521 gross income minus $57,500 officer salary minus $15,000 estimated SEHI minus ~$1,000 other S-Corp expenses)
• SEHI deduction: $15,000 (estimated — 2024 was $15,458; using round estimate pending confirmation)
• These are estimates. Revise when actual K-1 is received.

Step 1: Gross Income

Step 2: Above-the-Line Deductions (to arrive at AGI)

Step 3: Standard Deduction vs. Itemized

Standard deduction (MFJ 2025): $30,000

Itemized deductions:

Conclusion: Standard deduction of $30,000 almost certainly exceeds itemized deductions. Use standard deduction.

Step 4: QBI Deduction (Section 199A)

QBI base for S-Corp:

• K-1 ordinary income (estimated): $126,021
• Minus SEHI deduction (reduces QBI): -$15,000
• QBI from S-Corp: $111,021 (estimated)

QBI deduction from S-Corp: 20% × $111,021 = $22,204 (estimated)

QBI from Section 199A dividends:

• Eligible dividends: $57.69
• QBI deduction: 20% × $57.69 = $11.54

Total QBI deduction: $22,204 + $12 = ~$22,216 (estimated)

Note: At 2025 MFJ income levels, the W-2 wage limitation does not phase in until taxable income exceeds ~$383,900 for MFJ filers, so the 20% of QBI is not expected to be wage-limited at this income level. Confirm with preparer.

Step 5: Taxable Income

Step 6: Federal Income Tax Calculation (2025 MFJ Brackets)

Qualified dividends and long-term capital gains tax:

• Qualified dividends: $2,772.93
• Long-term capital gain: $99.07
• Total preferentially taxed: $2,872.00
• At MFJ taxable income of ~$122,565, qualified div/LTCG rate is 0% (2025 threshold: $0 up to $96,700 at 0%, then 15%). These amounts are within the 0% bracket when stacked at the top of taxable income.
• Wait — need to recalculate: ordinary taxable income drives the bracket. The qualified dividends sit on top. At taxable income of $122,565 including qualified dividends, the $2,872 in qualified div/LTCG is above the 0% threshold of $96,700 and subject to 15% LTCG rate.
• LTCG/qualified div tax: 15% × $2,872 = $430.80

Total income tax before credits: $16,792.25 + $430.80 = $17,223.05

Step 7: Credits

Total income tax after credits: $17,223.05 - $2,784.96 = $14,438.09 (estimated)

Step 8: Payments vs. Tax Owed

If no Q3 payment was made:

• Total payments: $17,746.57
• Estimated tax: $14,438.09
• Estimated refund: ~$3,308 (before actual K-1 values)

If a Q3 payment of ~$3,900 was made:

• Total payments: $21,646.57
• Estimated refund: ~$7,208 (before actual K-1 values)

Key Sensitivities

The estimate is highly sensitive to the actual K-1 ordinary income. Here is a range:

Critical action: Obtain the actual K-1 from Collective HUB before finalizing. The difference between a $110K and $140K K-1 income is a ~$4,100 swing in tax liability.

Self-Employment Tax Note

Ben’s S-Corp salary of $57,500 is the basis for payroll taxes (already withheld via the W-2: $3,565 SS + $833.75 Medicare = $4,398.75 employee side). The S-Corp pays the matching employer side. S-Corp distributions from the K-1 are not subject to self-employment tax — this is the primary S-Corp tax advantage.

Ben does not pay self-employment tax on K-1 ordinary income, only on his W-2 wages (already handled by payroll). No Schedule SE is required.