TAX 650 Milestone two Part Two: Prepare a Complex Tax Return: Complete a tax return that adheres to tax laws, regulations, and codes. Evaluate which items meet the criteria for being included in gross income. Categorize deductions as either being from adjusted gross income or for adjusted gross income, including any variances or inaccuracies in these deductions. Calculate the individual taxable income using the tax formula. Determine whether the client has overpaid or underpaid their taxes. Include the following in your response: The client's calculated tax liability The client's subtracted tax withholdings for the current tax year Explain the tax laws, regulations, and codes that were used to determine the proper tax reporting.

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