The goal of this project is to learn how to fill out the individual tax return (Form 1040 and its supplemental forms). You will work in groups, but each person will turn in his own tax return to be graded. You should use the free software TaxAct or log in to FreeTaxUSA (FreeTaxUSA® – Free Tax Filing for All Federal Returns, E-File Income Taxes OnlineLinks to an external site.)
to generate your tax returns.
What to submit:
Submit the tax return and all its worksheets to the file ″Group Project #1 Due- Upload″ in week 4 (due Sunday Oct 13 at 11:59pm).
Please DO NOT submit the software generated printout.
Use the software printout to hand-copy over to the tax forms (forms found at IRS.gov) in your own hand-written forms. Submit only your hand-copied versions to me in 1 file as a PDF.
Label the files as: ″your first, last name, GRP Proj #1″
Remember to include form 8867 (Paid Tax Preparer Checklist Due Diligence form) and fill it out as though you were interviewing the client. Be thorough on this form because this form is submitted with the real Tax return to the IRS.