Chat with us, powered by LiveChat ACCT 426, Introduction to Taxation I, Spr. Sem. 2021 ACCT 426, Tax Return Project - 2 Problems: Cha - Aqhomework

ACCT 426, Introduction to Taxation I, Spr. Sem. 2021 ACCT 426, Tax Return Project – 2 Problems: Cha

 

* I uploaded the three forms and a screenshot of the problem from the book.

See the instructions about the project below. 

ACCT 426, Introduction to Taxation I, Spr. Sem. 2021

ACCT 426, Tax Return Project – 2

Problems: Chapter 8-53 (Janice Morgan) South-Western’s Federal Taxation, Comprehensive Volume (2021). Prepare the Tax Return for 2020.

Changes to Problem: Change all year-ends to one year later; that is, 2019 becomes 2020.

The following information should be helpful in your preparation of the tax return.

(1) (a) Requirement: Prepare the federal income tax return on the appropriate IRS forms. (Even if you use a software program, you must turn in manual entries on IRS forms.) Copies of those forms and instructions are available at www.irs.gov

(b) Additional Requirements: Prepare a brief top sheet summarizing the factual information in the format of the tax formula.

(2) Strategy: You might want to start with page 1 of the 1040 and manually make entries (pencil recommended). You may then need to do subsidiary forms (e.g., Schedules C). You might also want to work out the figures for the tax formula roughly first before beginning the return.

(3) Check figures:

Adjusted gross income 20,263 Itemized deductions 12,650Taxable income 6,090 None of SE tax is deferred(4) Check forms: (please include in your return):

(5) Grading:

a. Per the syllabus, this manual return is 16% of the grade; i.e., 40 points, since the four exams are worth 75 points each of the 400 possible points.b. Actual maximum, manual return, 43 points (3 points extra credit)c. Forms: 1040 pages 1 and 2; Schedules 1, 2, 3, A, B, C, SE; Forms 8995 and 4562

(6) Additional helpful information:

a. Please use the sequence numbers in the upper right-hand corner of the official IRS forms for the proper orderb. Do not calculate next year’s estimates or any late filing penalty or interest.c. There is a QBI deduction on Form 1040, page 1, line 10.

 

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Do you need help with this question?

Get assignment help from Aqhomework.com Paper Writing Website and forget about your problems.

Aqhomework provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Click Order now to access our order form, fill your paper details correctly, select your paper deadline and wait for our writers to send a perfectly written assignment. 

Chat with us today! We are always waiting to answer all your questions.