1. Use the following information to complete Vivian Sweet’s 2012 federal tax return. If information is missing, use reasonable assumptions to fill in the gaps.
2. You will need the following forms and schedules to complete the project: Form 1040, Schedule A, Schedule B, Schedule C, Schedule D, Schedule E, Schedule SE, Form 2106, Form 4562, Form 4684, Form 8283, and Form 8949. The forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov). The instructions can be helpful in completing the forms.
3. The tax return may be completed individually, or you may work in a group (no more than three people per group). Groups should turn in only one return.
4. Tax returns received after the due date Jerry be penalized 5% each day.
5. You must complete the tax return by hand using federal tax forms. You must use a pencil when completing the tax forms (no ink or computer generated return).
6. Print your name(s) in the top right hand corner of Form 1040 before turning in the solution. You may leave the “Sign Here” and “Paid Preparer’s Use Only” sections blank.
7. When filling out the forms and schedules, leave the “cents” columns blank; round all amounts to the nearest dollar. Also, do not insert zeros on lines for which there are no entries (unless the instructions specifically direct you to insert a zero); you should merely leave the lines blank. When assembling your return, pay attention to the “attachment sequence” number in the right hand corner of each form; that is, you should assemble your completed return based on the attachment sequence numbers.
8. Please submit your project in an envelope (9” x 12” or larger). No folders.
Tax 315 Tax Return Project FALL 2013 Required: 1. Use the following information to complete Vivian Sweet’s 2012 federal tax return. If information is missing, use reasonable assumptions to fill in the gaps. 2. You will need the following forms and schedules to complete the project: Form 1040, Schedule A, Schedule B, Schedule C, Schedule D, Schedule E, Schedule SE, Form 2106, Form 4562, Form 4684, Form 8283, and Form 8949. The forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov). The instructions can be helpful in completing the forms. 3. The tax return may be completed individually, or you may work in a group (no more than three people per group). Groups should turn in only one return. 4. Tax returns received after the due date Jerry be penalized 5% each day. 5. You must complete the tax return by hand using federal tax forms. You must use a pencil when completing the tax forms (no ink or computer generated return). 6. Print your name(s) in the top right hand corner of Form 1040 before turning in the solution. You may leave the “Sign Here” and “Paid Preparer’s Use Only” sections blank. 7. When filling out the forms and schedules, leave the “cents” columns blank; round all amounts to the nearest dollar. Also, do not insert zeros on lines for which there are no entries (unless the instructions specifically direct you to insert a zero); you should merely leave the lines blank. When assembling your return, pay attention to the “attachment sequence” number in the right hand corner of each form; that is, you should assemble your completed return based on the attachment sequence numbers. 8. Please submit your project in an envelope (9” x 12” or larger). No folders. Taxpayer Information 1. Vivian Sweet is single and has two children from her previous marriage. Linda lives with Vivian, and Vivian provides more than half of her support. Patrick lives with his father, Jerry (Patrick lived with Jerry for…
Attachments:
Tax Return Pr….docx