ACCounting-Acct 3210 Fall 2013 §002

Acct 3210 Fall 2013 §0022nd Tax Return ProjectPart of the educational objective of this project is to enhance your understanding of how the differenttax forms are related to each other, and how amounts from one from one part of the form to a differentpart of the same form or flow to another form. Therefore, all forms are to be completed manually. Youmay not use a computer-based tax compliance software program in completing this assignment. Eachstudent is required to complete an original of the tax return forms. Also, you cannot use fillable forms.You should complete your forms in blue ink or in pencils, something that is clearly distinguishable fromink or photocopy.You should turn in all of your workpapers supporting your conclusions. Such workpapers would normallyinclude forms that are not required for the return but that you used in calculating an amount for thereturn, or copies of research that was done to determine or support a technical conclusion.If you make an assumption about a technical matter, a matter that affects any item on the return oromitted from the return, you should submit the research you did to support that assumption.For students working in groups, it is not important that all students agree with the conclusions of othermembers. Each student submits his or her own results.Students may consult only with other members of the same group. You may not seek the advice ofindividuals outside of your group, meaning that students may also not seek the advice of anyone outsidethe class. You can do online research, but you may not post questions or seek online solutions toquestions specific to the facts of this assignment.If you elected to work alone and you decide that you would instead prefer to work in a group, pleaseadvise me in advance of all members of the group. I will respond with a written acknowledgement andapproval. Until you have that acknowledgement and approval, you are not authorized to work in thegroup.All assignments are due at the start of class on the due date. Because we will be reviewing the solutionin class, late submissions will not be accepted without advance written approval from the instructor.Such approval will not be granted easily and will be accompanied by a penalty of 20 points for eachcalendar day or fraction thereof._____________________________________________________________________________________Acct 3210 Fall 2013 §0022nd Tax Return ProjectI have read the requirements on the preceding page, and I affirm that the work I am submitting isentirely my own work or my work in collaboration only with other members of my group. Also, eventhough the attached represents my work or the work of my group, I affirm that I have not helped anyother class member with this assignment. I understand that any violation of these requirements will beconsidered as a violation of the College’s Honesty Policy, and I may receive a score of zero for thisassignment.Print NameSignatureAcct 3210 Fall 2013 §0022nd Tax Return ProjectPlease complete the required federal individual income tax return forms for the following taxpayer.Unless instructed otherwise, the information provided is for the taxpayer’s 2012 tax year. Pleasecomplete his 2012 tax return. Ignore the requirement to attach the form(s) W-2.Bob Grant is unmarried and lives in Lexington, Kentucky. Bob’s wife died in 2009, leaving him with threechildren Alyssa, now age 19, Jared, now age 15 and Katherine, now age 12.complete the required federal individual income tax return forms for the following taxpayer. Unless instructed otherwise, the information provided is for the taxpayer’s 2012 tax year. Please complete his 2012 tax return. Ignore the requirement to attach the form(s) W-2.Bob Grant is unmarried and lives in Lexington, Kentucky. Bob’s wife died in 2009, leaving him with three children Alyssa, now age 19, Jared, now age 15 and Katherine, now age 12. Bob’s Social Security number is 987-45-1234 Alyssa’s Social Security number is 412-32-4537 Jared’s Social Security number is 412-32-5690 Katherine’s Social Security number is 412-32-6940 The Grants’ mailing address is 95 Hickory Road, Lexington, Kentucky 40502. Jared and Katherine are tax dependents for federal tax purposesAlyssa is a full-time student at the University of Lexington. Bob provided all of her support. During 2012, Bob paid $11,000 in tuition expenses, $7,300 in Room and Board expenses, and $1,875 for books.

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