Question
I need help with these 2 assignment. It can be 4 to sentence long for # 1 1. DISCUSSION - Let's have some fun! This
I need help with these 2 assignment. It can be 4 to sentence long for # 1
1. DISCUSSION - Let's have some fun! This week's discussion question is about presidential tax returns. Go the http://www.taxhistory.org/www/website.nsf/Web/PresidentialTaxReturns to review the tax returns of current and past presidents and presidential candidates. Select one tax return for discussion, let us know who you selected, what year, and post your comments. Be sure to look at Schedule A, Schedule C (if included), and Schedule D. Notice that some returns are just a few pages while others are hundreds of pages. Older returns are hand-written. Let us know if you found any surprises. (Avoid political commentary - we get enough of that during every election cycle).
2. Complete a Schedule C (Business Income) (2014) based on a fictitious business that you own. Complete all applicable lines and boxes at the top of the form (A - J). Include at least one type of revenue. Include five different expenses. Calculate your profit or loss. Self-employed taxpayers must pay Self-Employment (SE) tax on profits. Ignore SE tax for this exercise. Schedule C can be found at irs.gov under Forms and Publications. Scan your completed form to the Assignment Folder.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started