Hello I need help with a project: 4-2 Project One Milestone Two Guidelines and Rubric ACC 330 Project One Milestone Two Guidelines and Rubric Overview Tax organizers are used to help perform due dilig
ACC 330 Project One Milestone Two Milestone Tax OrganizerCLIENT ID: ______________
Instructions: Complete only applicable areas of the form. Leave other areas blank.
PERSONAL INFORMATION (Please review all information for changes and/or corrections.)
Description | Taxpayer | Spouse |
Full Name: | ||
Preferred Pronoun: | ||
Age: | ||
Occupation: | ||
Citizen/U.S. Resident Status: | ||
Marital Status: |
CONTACT INFORMATION (Please verify information and change if necessary.)
Description | Information |
Mailing or Street Address: |
DEPENDENT INFORMATION (Please include all information for new dependents.)
Full Name | SSN (if new) | Age | Relationship |
TAX YEAR RETURN QUESTIONS (For any question answered “Yes,” please include support.)
Personal Information: | Yes | No |
Did your marital status change? | ||
Can you or your spouse be claimed as a dependent by someone else? | ||
Dependents: | ||
Were there any changes in dependents from the prior year? | ||
Did you or your spouse pay for childcare while either of you worked? | ||
Do you have any children under age 18 with unearned income greater than $1,100? | ||
Do you have any children aged 18 or older (or students aged 19-23) who did not provide more than half of their cost of support with unearned income greater than $1,100? | ||
Education: | ||
Did you or your spouse pay any student loan interest? | ||
Did you, your spouse, or your dependents incur any post-secondary education expenses, such as tuition? | ||
Gifts: | ||
Did you or your spouse make any gifts (including birthday, holiday, anniversary, graduation, etc.) with a total value in excess of $15,000 to an individual? | ||
Did you or your spouse make any gifts of difficult-to-value assets (such as non-publicly traded stock) to any person regardless of value? | ||
Retirement or Severance: | ||
Did you or your spouse contribute to a Roth IRA, convert an existing IRA into a Roth IRA, or roll any other distributions into a Roth IRA? | ||
Did you or your spouse turn age 70 ½ and have money in an IRA or other retirement account without taking any distribution? | ||
Personal Residence: | ||
Did your address change? If yes, please provide the new address. | ||
Did you or your spouse take out a home equity loan? If yes, please provide the purpose. | ||
Did you or your spouse have an outstanding home equity loan at year-end? If so, provide the principal balance and interest rate at the beginning and end of the year. | ||
Are you claiming a deduction for mortgage interest paid to a financial institution and someone else received the Form 1098? | ||
Did you sell your home? If yes, provide all closing documents and forms. | ||
Miscellaneous: | ||
Were you or your spouse notified by the Internal Revenue Service or other taxing authority of any changes in prior year returns? | ||
Did you or your spouse sell, acquire, or exchange any virtual currencies? If so, please provide information regarding these activities. | ||
Did you, your spouse or your dependents receive an identity protection PIN from the IRS? If so, please include this information. |
WAGES, SALARIES & TIPS (Please include all W-2 forms.)
Employer Name | Wages | Federal Withheld | State Withheld |
SOCIAL SECURITY BENEFITS (Please include all 1099s.)
Gross Benefits Received | Federal Withheld | State Withheld | Medicare Premiums | Medicare Part D – Drug Cov. | |
Taxpayer | |||||
Spouse |
INCOME FROM RETIREMENT (Please include all 1099s.)
Payer Name | Distribution Amount | Federal Withheld | State Withheld | State |
STATE AND LOCAL TAX REFUNDS (Please include all 1099s.)
Source (State or City) | Tax Year | Refund Amount |
PASSTHROUGH INCOME (Please include all K-1s.)
Entity Name | Rcvd | Entity Name | Rcvd |
OTHER SOURCES OF INCOME (Please include all 1099s or supporting documentation.)
Payer Name and/or Nature & Source (List any other items and amounts below) | Amount | Federal Withheld | State Withheld | State |
Unemployment Income (Form 1099-G) | ||||
Alimony Received | ||||
Jury Duty Pay | ||||
Gambling Income (Form W-2G) | ||||
Cancellation of Debt (1099-C) | ||||
Other (Describe): | ||||
INTEREST INCOME (Please include all 1099s.)
Payer Name | Interest Income | U.S. Bond Interest | Tax-Exempt Interest |
DIVIDEND INCOME (Please include all 1099s.)
Payer Name | Ordinary Dividends | Qualified Dividends | Capital Gain Distributions |
CAPITAL GAINS & LOSSES (Please include all 1099s.)
Property Description | Date Acquired | Date Sold | Gross Sales Price | Cost Basis |
PROFIT OR LOSS FROM BUSINESS – SCHEDULE C (Please include all 1099s.)
Name of Business: | |
Principal Product or Service: | |
Tax ID: | |
Business Income (List Below): | Amount |
Gross Receipts or Sales | $ |
Other (Describe): |
|
Cost of Goods Sold (List Below): | Amount |
Cost of Labor | $ |
Purchases and Materials |
|
Other (Describe): |
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|
|
Business Expenses (List Below): | Amount |
Advertising | |
Auto Expenses | |
Actual Expenses | |
Standard Mileage | |
(Business Miles x Mileage Rate) | |
Commissions and Fees | |
Contract Labor | |
Employee Benefit Programs | |
Insurance (Other than Health) | |
Interest Expense | |
Legal and Professional Services | |
Office Expenses | |
Pension and Profit-Sharing Plans | |
Rent or Lease of Machinery and Equipment | |
Rent or Lease of Real Estate | |
Repairs and Maintenance | |
Supplies | |
Taxes and Licenses | |
Travel (Hotel, Airfare, Parking, Etc.) | |
Meals | |
Utilities | |
Wages (Please include W-2s) | |
Dues and Subscriptions | |
Other (Describe): | |
Medical Expenses | Taxpayer/Joint | Spouse |
Prescription Medicines and Drugs | ||
Health Insurance Premiums Paid | ||
Long-Term Care Insurance Premiums Paid | ||
Insurance Reimbursements Paid to You | ||
Medical Miles ( ____________________ x $____) | ||
Lodging | ||
Doctors, Dentists, Etc. | ||
Hospitals | ||
Lab Fees | ||
Eyeglasses and Contacts | ||
Other (Describe): | ||
Taxes Paid | Taxpayer/Joint | Spouse |
Real Estate Taxes | $ | |
General Sales Tax Paid on Specified Items |
| |
Other (Describe): |
| |
Mortgage & Investment Interest Paid (List Institution Paid) | Taxpayer/Joint | Spouse |
$ | ||
Cash Contributions (List Organization Paid) | Taxpayer/Joint | Spouse |
$ | ||
Noncash Contributions (List Organization & Description) | Taxpayer/Joint | Spouse |
$ | ||
STUDENT LOAN INTEREST EXPENSE (Please include Form 1098-E)
Payee Name | Amount |
RETIREMENT CONTRIBUTIONS (Please include all supporting documentation.)
Payee Name | Traditional | Roth | SEP/SIMPLE |
CHILD AND DEPENDENT CARE EXPENSES (Please include all supporting documentation.)
Provider Name | Provider Address | SSN or EIN | Amount Paid |
OTHER POTENTIALLY DEDUCTIBLE ITEMS (Please include all supporting documentation.)
Nature and Source | Taxpayer/Joint | Spouse |
Educator Expenses | ||
Health Savings Account Contributions (Include form 1099-SA) | ||
Alimony Paid (List Recipient & SSN) | ||
Gambling Losses | ||
Tuition Expenses (Include Form 1098-T) | ||
§529 Plan Contributions to M.A.C.S. & M.P.A.C.T. | ||
Prior Year Tax Preparation Fees | ||
Other (Describe): | ||
Detail | Amount Paid | Date Paid |
Prior Year Overpayment Applied | ||
1st Quarter Estimate (Due 4/15) | ||
2nd Quarter Estimate (Due 6/15) | ||
3rd Quarter Estimate (Due 9/15) | ||
4th Quarter Estimate (Due 1/15) | ||
Extension Payment (Due 4/15) | ||
Other (Describe): |
Do you expect any of the following to occur NEXT YEAR? (If yes, explain below) | Yes | No |
A change in marital status | ||
A change in dependents | ||
A substantial change in income | ||
A substantial change in withholding | ||
A substantial change in deductions |
Please include any other information that might be of significance. |
I (we) have submitted this information for the sole purpose of preparing my (our) tax return(s). Each item can be substantiated by receipts, canceled checks or other documents. This information is true, correct, and complete to the best of my (our) knowledge.