Complete Tax Return Problem

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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

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