Education Service Center Region 13



Chapter 6 Project Do Your Own Taxes Note: Please also pick up a Form 1040.For your project, you will have a choice as to how you would like to demonstrate you have mastered filing income taxes. Pick either Project A OR Project BProject AIf you plan to file your personal taxes, you may show me your completed return for the 10-point assignment credit. Please recall that if you are uncomfortable with sharing personal information, you may make a copy and black out anything you don’t want to share. I will not review the return for accuracy. Make sure you complete the Standard Deduction Worksheet on the back of this page. I will simply make sure you have completed the front and back of the 1040 as well as the standard Deduction Worksheet. You will also complete the “Income Tax Reflection Questions”. (See end of instructions.) Get the Tax Table online from the IRS website if needed.Project BIf you do not work and you don’t plan to file a return, you will need to complete this option.The scenario below indicates that you had a job and your parents claim you as a dependent, but you still need to file a tax return. You will need to complete a 1040. Make sure you complete the Standard Deduction Worksheet on the back of this page. You will also complete the “Income Tax Reflection Questions”. (See end of assignment.) Use the profile information below to complete the assignment:Name: Monica L. LindoSocial Security #: 222-22-2222Employment: Full-time student, part-time registration assistant in ERMarital status: SingleChildren: NoneOther: You are 21 years old and live in Texas with your parents, who pay for all of the costs of maintaining the home. Your parents paid for the majority of your expenses including health care for all 12 months. You do not wish to contribute to the Presidential Election Campaign. You received your W-2 from your employer but not a 1099 because you do not have a savings account. Your W-2 and one of your blank check are on the back of this page. Get the Tax Table online from the IRS website if needed.Income Tax Reflection QuestionsHave you filed taxes before? If so, did you complete the forms or did you have someone do it for you? Did they charge you to do them?What thoughts do you have on the process? Did you find it difficult?After doing taxes in class, will you complete your own taxes in the future? Why or Why not?6070602159000 273748515430516103601320800011811031813500 ................
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