1040 for the year 2020, thank you

Instructions: You are going to prepare the 2020 federal tax return for your client. This is a group project. Up to 3 people make a group and work on this case together. All group members will receive the same grade. The case is to be submitted on Canvas by the due date in the Case section. Cases emailed to the TA or Professor will not be graded. Please clearly mention group members' names on the submitted document. Total Points: 50 You will be graded in three parts. A. The first part of your grade will be based on the accuracy of federal tax return submitted. For full points, information entered into the tax return and relevant schedules must be complete and accurate (20 points). For this part, the following rubric will be used: Below Expectations Approaching Meets Expectations Exceeds Expectations (5 points) Expectations (15 points) (20 points) (10 points) Multiple data entry Data entered is Most of the data All data entered into erroes and areas left partially correct but entered was complete was complete and incomplete was incomplete and accurate accurate B. The second part your grade (10 points) will be based on the answers to the following questions: 1. What is the filing status of Whitney M. Refund? (1) point) 2. What is the appropriate deduction for her, Itemized or Standard? (1 point) 3. How much is the deduction? (1 point) 4. How much is the estimated tax for her? (1 point) 5. What credits does she qualify for and how much? (4 points) 6. Does she owe taxes or get refunds? (1 point) How much? (1 point) C. The rest of your grade will be based on your suggestions that will help to reduce her tax liability for the 2021 tax year. Do not forget to justify your recommendations with solid research. Explain the pros and cons of your choices and why you ultimately feel this is in the taxpayer's best interest. (20 points) Approaching Meets Expectations Exceeds Expectations Expectations Expectations (15 points) (30 points) (5 points) (16 points) Recommendations Recommendations Recommendations Recommendations are are not based on are based on solid are based on solid based on solid research. solid research rescarch research, backed by backed by explanation of explanation of pros pros and cons and your thoughts on how it will Nove your clients best Below and cons interest Case 1: Whitney Refund Client's Social Security Number 257-00-4321 Taxpayers Date of Birth 03/01/1979 Taxpayer is not Blind or Deceased Client's First Name. Initial, and Last Name Whitney M. Refund Street Address 4175 Spring Street Zip Code 30809 (Evans, Georgia) Daytime Telephone 706-868-0985 E-Mail: whitneyrefund@yahoo.com Taxpayer's Occupation Librarian Dependent Information Dependent Name Jeremy D. Refund Dependent's Date of Birth 05/03/2013 Dependents SSN 364-00-5654 Relationship Son Number of Months Lived in Home 12 Dependent Care Expenses $3800 Taxpayer has not released the claim for Jeremy to another person Daycare Information Provider's Name Sunshine House Providers EIN 589632100 Address 521 Furys Ferry Road - Evans, GA 30809 Amount Paid to Daycare Provider $3800 Health Insurance Information Taxpayer had full-year minimum essential health care coverage. Health care coverage was NOT purchased through the Exchange. W-2 Information Employer Identification Number 58-6412038 Employer Name Address RCS 610 Ronald Reagan Drive Evans, GA 30809 Wages S26263 Federal Withholding $264 State State ID Number 28594178 State Tax Withheld S564 GA Instructions: You are going to prepare the 2020 federal tax return for your client. This is a group project. Up to 3 people make a group and work on this case together. All group members will receive the same grade. The case is to be submitted on Canvas by the due date in the Case section. Cases emailed to the TA or Professor will not be graded. Please clearly mention group members' names on the submitted document. Total Points: 50 You will be graded in three parts. A. The first part of your grade will be based on the accuracy of federal tax return submitted. For full points, information entered into the tax return and relevant schedules must be complete and accurate (20 points). For this part, the following rubric will be used: Below Expectations Approaching Meets Expectations Exceeds Expectations (5 points) Expectations (15 points) (20 points) (10 points) Multiple data entry Data entered is Most of the data All data entered into erroes and areas left partially correct but entered was complete was complete and incomplete was incomplete and accurate accurate B. The second part your grade (10 points) will be based on the answers to the following questions: 1. What is the filing status of Whitney M. Refund? (1) point) 2. What is the appropriate deduction for her, Itemized or Standard? (1 point) 3. How much is the deduction? (1 point) 4. How much is the estimated tax for her? (1 point) 5. What credits does she qualify for and how much? (4 points) 6. Does she owe taxes or get refunds? (1 point) How much? (1 point) C. The rest of your grade will be based on your suggestions that will help to reduce her tax liability for the 2021 tax year. Do not forget to justify your recommendations with solid research. Explain the pros and cons of your choices and why you ultimately feel this is in the taxpayer's best interest. (20 points) Approaching Meets Expectations Exceeds Expectations Expectations Expectations (15 points) (30 points) (5 points) (16 points) Recommendations Recommendations Recommendations Recommendations are are not based on are based on solid are based on solid based on solid research. solid research rescarch research, backed by backed by explanation of explanation of pros pros and cons and your thoughts on how it will Nove your clients best Below and cons interest Case 1: Whitney Refund Client's Social Security Number 257-00-4321 Taxpayers Date of Birth 03/01/1979 Taxpayer is not Blind or Deceased Client's First Name. Initial, and Last Name Whitney M. Refund Street Address 4175 Spring Street Zip Code 30809 (Evans, Georgia) Daytime Telephone 706-868-0985 E-Mail: whitneyrefund@yahoo.com Taxpayer's Occupation Librarian Dependent Information Dependent Name Jeremy D. Refund Dependent's Date of Birth 05/03/2013 Dependents SSN 364-00-5654 Relationship Son Number of Months Lived in Home 12 Dependent Care Expenses $3800 Taxpayer has not released the claim for Jeremy to another person Daycare Information Provider's Name Sunshine House Providers EIN 589632100 Address 521 Furys Ferry Road - Evans, GA 30809 Amount Paid to Daycare Provider $3800 Health Insurance Information Taxpayer had full-year minimum essential health care coverage. Health care coverage was NOT purchased through the Exchange. W-2 Information Employer Identification Number 58-6412038 Employer Name Address RCS 610 Ronald Reagan Drive Evans, GA 30809 Wages S26263 Federal Withholding $264 State State ID Number 28594178 State Tax Withheld S564 GA