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BUSN380 Week 2 TCO 2 Notes - Taxes
$ 15.00

Organize tax records to find info easily

- Subtract Adjustments to Income deductions, and Allowances for Exemption from Gross Income

Total Tax Liability based on published tax tables or schedules less any tax credits

PREPARE FEDERAL INCOME TAX RETURN

 

  • On time each year
  • Understand major sections of Form 1040:
  • Filing Status
  • Exemptions
  • Income from all sources
  • Adjustments to Income

 

  • Standard Deductions or itemized deductions
  • Tax Credits you qualify for
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