Lesson Objectives
- Describe the steps when filing a federal income tax return.
Assignment TU3.5
- Today we will be working through steps to determine if the Itemized Deduction or Standard Deduction is the best option for a taxpayer. To complete these steps, you will need the following materials and these instructions:
- Form 1040 (obtained from your teacher yesterday)
- J.B. & Dianna Jenkins Personal Information (Espanol)
- Tax Documents
Assignment TU3.6
- After walking through the steps for preparing the Itemized Deduction steps in class with your teacher, use the following information to prepare those same sections of Form 1040 using the information below:
- Your Shultz 1040-(Your Initials) in your Lesson 3 folder.
- Mark & Katie Schultz Personal Information (Espanol)
- Once you have completed through line 9, use this audit to check your figures.