Let's start preparing simple tax returns (please) We will cover 5 practice problems using the 5 filing statuses. I will also talk about the child tax credit and additional child tax credit. I will attempt to show you simple tax returns using video showing professional tax software and adobe reader that is the closes I can get to show how to prepare one by hand. These are the 5 filing statuses that will cover simple tax returns.
The first practice problem is
Bill Davis was born 2/12/1977 and his SSN is (400-55-2121) has a W2 and one dependent child. Name Troy Davis (400-77-4141) 03/03/2010
Bill Davis W2 box 1 $15,500 box 3 $17,500 and 5 $17,500 box 13 retirement plan box 12 D2,500 box 12 DD $8,500 box 16 $15,500 box 17 $750
box b employer identification number 36-4501102 (Cintas Management Company) 8750 S Halsted your state and city zip code. These are the forms for this practice problem 10402020, box 2 $1,500, schedule 3, schedule EIC, 8812 additional child tax credit, form 8880 credit for qualified retirement savings contributions, 8867 Paid Preparer's Due Diligence checklist refund is be given once you finished the practice problems.
(Live training sessions)