Module $01$ Written Assignment $-$ Searching for Information on the IRS Website

Module $01$ Content

For your written assignment, visit the IRS website and locate the the latest individual tax form $1040.$ All individuals must use this tax form.

Read each of the following scenarios and determine the filing status and individual tax form that should be used by each client. Include your reason for filing status for each client

Your client, John is age $25$ and single. He has no dependents, received $$200$ in interest from his saving account, and earned $$30,000$ this year.

Your client, Susan, is divorced and has custody of her two children who are both under age $16.$ She earned $$65,000$ this year and had interest and dividend income of $$2,000.$ She contributed $$5,000$ to her IRA.

Your client, Mark, is married and has no children. He is caring for his mother who lives with him. He provides more than $50\%$ of her support. Your client is self$-$ employed and operates a sole proprietorship from which he earned $$45,000.$ His wife, Donna, is a bank auditor and she earned $$55,000.$ Mark and Donna also own rental property.