****PLEASE READ DIRECTIONS THROUGHLY!!!!****

The project will be mostly from the textbook, so I do not need to mail you anything. All forms must be printed from the IRS web site. I will not accept any forms from your textbook, as they might have been updated and they have draft stamped on them. You will do Comprehensive Problem One: Noah and Joan Arc's Tax return, which can be found in Appendix D (D-2) in the back of the textbook. The following are some additions or changes which you must incorporate into this problem:

(A) Noah and Joan Arc donated a 2005 Honda Accord to a needy family in their town.

(B) For # 5 - on page D-3, you need to change the Red Co.'s Sales Price from $12,200 to $300. Three Hundred dollars is the revised amount to use for what the Arc's received when they sold the stock.

(C) For # 6 - all the dividends received were ordinary dividends. None were qualifying dividends. So change the 1099 DIV form on page D-4 to show 0 (zero) in box 1b.

(D) Do not pay attention to the community property comment included under the dividends in #6.

(E) I am adding a #9 - Joan has been going to college for the past three years and is enrolled at least half-time each semester in an accounting degree program. Her 1098 T form showed $2,950 in tuition paid and billed in 2015. Joan paid all the tuition. She does not get reimbursed by her employer. She also paid $535 for books for her accounting courses. Also, she has never been convicted of a drug felony offense and she does not have a prior college degree.

(F) I am adding a # 10 - They bought a new car on 02/22/2015 which cost $30,000 and they paid $1,800 in sales tax.

The forms should be prepared manually. You can use whole numbers and not use any decimals. Please write neatly and make sure you put your name at the top of page one and also sign your name as the preparer.

Good Luck!!