someone expert in taxation


Problems:     Chapter 8-57 (Janice Morgan) South-Western’s Federal Taxation, Comprehensive Volume (2017).  Prepare the Tax Return for 2016.



Changes to Problem:        Change all years to one year later (for example, 2015 becomes 2016).


The following information should be helpful in your preparation of the tax return.


(1)       (a)       Requirement:  Prepare the federal income tax return on the appropriate IRS forms.  (Even if you use a software program, you must turn in manual entries on IRS forms.)  Copies of those forms and instructions are available at


            (b)       Additional Requirements:  Prepare a brief top sheet summarizing the factual information in the format of the tax formula.


(2)       Strategy:  You might want to start with page 1 of the 1040 and manually make entries (pencil recommended).  You may then need to do subsidiary forms (e.g., Schedules C).  You might also want to work out the figures for the tax formula roughly first before beginning the return.


(3)       Check figures:        

            Adjusted gross income                   20,263                     Itemized deductions 11,700

            Taxable income                               4,513   


(4)       Check forms:   (please include in your return):


(5)                   Grading:

a.         Per the syllabus, this manual return is 10% of the grade; i.e., 33 points since the three exams are worth 300 points

            b.         Actual maximum, manual return, 43 points (10 points extra credit)

            c.         Forms: 1040 pages 1 and 2; Schedules A, B, C, SE; Form 4562


(6)                   Additional helpful information:

            a.         Please use the sequence numbers in the upper right-hand corner of the official IRS forms for the proper order

            b.         Do not calculate next year’s estimates or any late filing penalty or interest.




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