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You will need to complete a Form 1040, Form 4562, Schedule C, and Schedule SE and submit them as file uploads.The PDF forms are available

You will need to complete a Form 1040, Form 4562, Schedule C, and Schedule SE and submit them as file uploads.The PDF forms are available here and in the assessment instructions.

Jayne Smith is single with no dependents and is the sole proprietor of a consulting business. In 2015, she had gross receipts of $580,000. She also incurred the following expenses:

Advertising 6,000
Employee Salaries 120,000
Employee Health Insurance Premiums 14,000
Health Insurance for Jayne 3,000
Meals and entertainment 4,200
Office Rent 18,000
Supplies 15,600
Taxes and licenses 12,000
Travel - lodging only 6,000
Utilities 4,800
Parking fees and tolls 300
Car insurance 2400
Car - fuel 1500

She also made some purchases, which she wants to maximize:

A new car for business use for $35,000. She drove a total of 18,000 miles of which 12,000 was for business and the remaining miles were personal.

Purchased new computer technology equipment for $40,000.

Purchased 7-year fixtures on April 1 for $100,000 and on September 1 for $150,000.

Jayne has no itemized deductions or other income. She did make estimated income tax payments to the IRS for $25,000. She wants to maximize her deductions in this tax year.

Prepare all necessary tax forms for Jayne's return and submit.

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