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November 8, 2021

Complete Project 1 by hand on IRS tax forms (typed or handwritten). Project 1.docx Download Project 1.docx Tax Forms:

Business & Finance /Accounting

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Complete Project 1 by hand on IRS tax forms (typed or handwritten).

Project 1.docx Download Project 1.docx

Tax Forms: https://www.irs.gov/forms-instructions (Links to an external site.)

List of Forms Required:

Form 1040 (pages 1 and 2)
Schedule 1 (Additional Income and Adjustments to Income)
Schedule 2 (Additional Taxes)
Schedule 3 (Additional Credits and Payments)
Schedule B (Interest and Ordinary Dividends)
Schedule C (Profit or Loss From Business)
Schedule SE (Self-Employment Tax)
Form 2441 (Child and Dependent Care Expenses)
Schedule 8812 (Additional Child Tax Credit) – use this schedule to calculate the refundable portion of the Child Tax Credit (after calculating the nonrefundable portion)
Form 8863 (Education Credits)
Form 8995 (Qualified Business Income Deduction)

You will also need the worksheet on pages 6 and 7 in Publication 972 Download Publication 972in order to calculate the nonrefundable part of the Child Tax Credit.

Please use the 2020 tax tables (versus tax rate schedules) for calculating the tax liability (https://www.irs.gov/instructions/i1040tt#idm139919140467168

Project11.docx

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