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Tax Return Preparation Problem- Part 7
ACCT 570, Fall 2007
The primary purpose of this part of the tax
return problem is to help you see what information is required to file a
complete and accurate income tax return for an individual and how that
information is reported.
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Assignment |
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Part |
Task |
Required 2006 Forms |
Check Figures |
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7 |
Individual Income Tax
Return- use the taxpayer's information and the
various source documents to complete the taxpayer's Form 1040. |
1) Form 1040
Pages 1, 2: Everything necessary.
Schedules A & B: Everything necessary
Schedule D: Lines 1-18 as necessary
Schedule E: Parts II & V as necessary
Schedule SE: Part I as necessary |
1) Line 22-
$1,172,850;
Line 36-
$12,817;
Line 41-
$1,075,624 |
Use the taxpayers' information in the Tax Return Case Study to
complete the required parts of the returns. You must download the necessary tax
return forms from the
IRS web page. Note that
you are going to complete only the forms listed in the material, NOT all of the
forms that would be required by the IRS.
The answers to this part are due by the
start of the final exam period as listed on the Daily Schedule web page.
You must submit your points
using the input form that you can access by clicking
here.
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