Prepare a form 1040 and all required schedules

Assignment Help Taxation
Reference no: EM131288857

INSTRUCTIONS:

Using Turbo Tax please prepare a Form 1040 and all required schedules using the data provided.

o You may access Turbo Tax online and print a free Federal Tax Return, or

o You may download Tax Act if you have a Microsoft operating system on your computer using McGraw Hill's Additional Student Resources. There should not be any charge (4) for this download.

Then, prepare and attach a one-page, one sided, typed, formal client letter; include the date, taxpayer name, address, city, state & zip code, salutation and formal closing signature line. Include three (3) specific tax recommendations and label them as 1), 2), & 3) within the body of the formal client letter.

Attach the 2015 Form 1040 to the formal typed client letter and include all required schedules and forms in ascending sequence order using a single paper clip in the top left corner, including all computer generated worksheets and schedules.

CLIENT DATA:

Elizabeth H. Johnston

Age 21, SSN 808-80-8080, Single, no kids or dependents

Lives in an apartment at 4213 East 41 St, East Hempstead NY 10101

Graduated from college in May 2015 and went to work full time June 1, 2015.

Her employer began to pay for her health care June 1 and she had health care at college from January 1 to May 31. No one else claims her as a dependent since she has had no living family members since age 18 and has supported herself since then.

She aims to become President of the United States one day and wants $3 to go to the Presidential Campaign Fund. Even though she qualifies to contribute to a 401(k) plan at her new full time job she chose not to.

Elizabeth has never deducted any tuition expense nor has she ever utilized any tuition tax credits in prior years.

Attachment:- tax-project-data.pdf

Reference no: EM131288857

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