Complete Tax Return Problem
Required:
- Use the following information to complete a 2012 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ignore the alternative minimum tax for this problem.
- Any required forms, schedules, and instructions can be found at the IRS Web site (www.irs.gov). The instructions can be helpful in completing the forms. The following forms are required:
o 1040
o Schedule C
o Schedule D
o Form 4562
o Form 4797
o Form 8949
o Schedule SE
· AMT (alternative minimum tax) is NOT part of this Project; You do NOT have to calculate AMT!!!
· Also, you do NOT need to depreciate the Artwork