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What are the tax planning considerations

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Reference no: EM13318382

Brian and Maureen Sullivan; a married couple from Chicago, Illinois, to fill in their Form 1040.

Each week, you will help them fill in the different schedules that make up the Form 1040.

Schedule B (Form 1040)

Complete Schedule B (Form 1040), Interest and Ordinary Dividends.

Note: You can use TaxCut or any other tax preparation software program. Alternatively, you can use the actual Schedules B Form to fill in the requisite details.

Once you have completed filling in the Schedule B, create a 2- to 3-page Microsoft Word document that includes the answers to the following questions:

•What are the tax concepts involved in completing the Schedule B? Explain in detail.

•What are the tax planning considerations you took into account while completing the Schedule?

•What are the various steps and the calculations for each step you made while completing the Schedule?

Support your answers with appropriate research and reasoning.

Cite any sources in APA format.

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Reference no: EM13318382

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