Prepare the 2016 Form 1040 and all other required Federal forms and schedules for Brett Simons.

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Prepare the 2016 Form 1040 and all other required Federal forms and schedules for Brett Simons.

Prepare the 2016 Form 1040 and all other required Federal forms and schedules for Brett Simons.

1. Prepare the 2016 Form 1040 and all other required Federal forms and schedules for Brett Simons. The returns should be prepared taking the maximum tax benefit allowable into consideration. Round all amounts to whole dollars.

2. Do not prepare tax returns for any other individuals mentioned in the problem.

3. The ages provided in the problem are determined as of 12/31/16.

4. Student must not use tax software. Prepare return using 2016 tax forms provided or found at www.irs.gov.

5. Important Requirement! Any and all amounts excluded from income or deductions either limited or not taken must be identified. All calculations used in the determination of the components of taxable income or tax liability must be provided. This requirement should be provided in a separate file (Word or Excel) and must be submitted with the completed tax return.

6. Work independently. Do not collaborate with anyone. Collaboration or assistance, in any form, is considered cheating and will result in a grade of zero for any student(s) involved.

7. Brett Simon’s tax return must be saved as a PDF file and submitted to the relevant assignment link at Unit 7 (in addition to the documents required by #5 and #8 of this document). This assignment is subject to the 10% late submission discount.

8. Page 1 of this document (with your name inserted) must be returned as part of your submission; points will be deducted if it is not attached.


 

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