$[$Note: Refer to ACC $350$ Project One Guidelines and Rubric for detailed rubric criteria and what to submit.$]$

VITA Program Eligibility

$[$Describe how the client qualified for VITA in each scenario.$]$

Tax Laws, Regulations, Codifications, and Filing Status $[$Identify the tax laws, regulations, codifications, and filing status as applicable to each scenario.$]$

Types of $1040$ Forms and Supporting Schedules

$[$Describe $1040$ forms and supporting schedules used for each scenario.$]$

Taxable and Non$-$Taxable Income

$[$Describe how taxable and non$-$taxable income was presented to client for each scenario. Include $2-3$ examples of each.$]$

Deductions versus Credits

$[$Describe when deductions and credits were used for each scenario.$]$

Input Information Directly

$[$Describe the importance of inputting information directly from intake sheets and tax documents into VITA tax software for each scenario.$]$

Accurate Tax Return

$[$Describe the tools and procedures used to prepare an accurate tax return according to VITA for each scenario.$]$

Intake and Review Process

$[$Describe the steps of the intake and review process used for each scenario.$]$

VITA Software

$[$Describe how information was entered into VITA tax software for each scenario.$]$

Correct Tax Liability

$[$Explain how a correct tax liability was obtained using the VITA tax software in each scenario.$]$

age $1$ of $1$

$222$ words

Focus

ACC $350$ Project One VITA Client Scenarios

Table of Contents

Client Scenario #$1$: Owen and Kimberly Walker

Client Scenario #$2$: Zoe Watson

Client Scenario #$3$: Hailey Simpson

Client Scenario #$1$: Owen and Kimberly Walker

Interview Notes

Owen, age $69$ and Kimberly, age $64$ elect to file Married Filing Jointly. Neither taxpayer is blind.

Owen is retired. He received Social Security benefits and a pension.

Owen and Kimberly's daughter Shelby, age $20,$ is a full$-$time college student in her third year of study. She is pursuing a degree in nursing and does not have a felony drug conviction. She received a Form $1098-$T for $2023.$ Box $7$ was not checked on her Form $1098-$T for the previous tax year.

Shelby spent the summer at home with her parents but lived in an apartment near campus during the school year.

Shelby received a scholarship that paid the full tuition. Owen and Kimberlf paid the cost of course$-$related books in $2023$ not covered by scholarship. They paid $$120$ for a parking sticker, $$5,500$ for a meal plan, $$850$ for textbooks purchased at the college bookstore, and $$200$ for access to an online textbook.

Owen and Kimberly paid more than half the cost of maintaining a home and support for Shelby.

Owen and Kimberly do not have enough deductions to itemize on their federal tax return.

Owen, Kimberly, and Shelby are U$.$S$.$ citizens and have valid Social Security numbers. They all lived in the United States for the entire year.

If Owen and Kimberly receive a refund, they would like to deposit it into their checking account. Documents from Baldwin Bank show that the routing number is $111000025.$ Their checking account number is $11337890.$