Question: + Consider + the + following + narrative + describing + the + process + of + preparing + an + income + tax +
Considerthefollowingnarrativedescribingtheprocessofpreparinganincometaxreturn:
EachyearbeforeAprilyoufileyourincometaxes.YoucollectmultipleWanddocuments.Youprepareyourtaxreturnanddoublecheckitforaccuracy.Youfileyourforms.YoumailyourdocumentstotheIRS.Ifyouaregettingarefund,youwaittoreceiveyourrefundbycheckanddeposityourrefundinyourbankaccount.
Required:
bConsiderthesamenarrativeasdescribedinthebeginning.Youareusingcloudbasedtaxsoftware.YoustillneedtoassembleyourWanddocuments,butyounolongerneedtodownloadIRSformssincethesoftwarewillpreparetheformsforyou.Onceyoucompleteenteringyourinformation,youwillfileelectronically.TheIRSsendsyourrefunddirectlytoyourbankaccount.Ifyouowemoney,theIRSwillautomaticallydeducttheamountfromyourcheckingaccountindays.
Foreachstepinthediagramfromthebeginning,entertheappropriatesymbolandlabel.Iftwoeventscanoccuratthe
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