ACC 330 Module Six Assignment Template

Directions

Begin by filing in the high-level information for each of the clients in the first category. Then, dig deeper by opening the 1040s for each of the primary taxpayers. This will provide deeper insights into their income streams, deductions, and tax credits. Complete all three parts of the comparison for the first scenario. Then, repeat this process using a second category. Once you have completed the table below you will have enough information to determine which category interests you most. Choose one category to use for Project Two, and enter the number of the client set you plan to use under #4 below.

1. Complete the high-level view of the client tax profiles.

a. Identify the category type.

b. Identify the client IDs.

c. Enter taxpayer’s names.

d. Enter filing status.

e. Enter the spouse’s name if applicable.

f. List the dependents.

2. Perform an analysis based on reviews of the additional information from client profiles and Form 1040.

a. Income Streams: Consider all forms of income, look at the AGI or taxable income.

b. Deductions: Review deductions for the tax year.

c. Tax Credits: Review tax credits for the tax year.

3. List multiple tax planning factors.

4. Make a category selection. [Enter the number here of the client set you plan to use in Project Two.]

Tax Category Comparison Table of Two Client Profile Sets
Client Profile Set #	[Enter the first client profile Set # here.]	[Enter the second client profile Set # here.]
Category/Scenario Type	[Enter the first category here]	[Enter the second category here]
Client ID #	[last four digits of SN# of primary]	[last four digits of SN# of primary]	[last four digits of SN# of primary]	[last four digits of SN# of primary]
Primary Taxpayer Name
Filing Status
Spouse’s name (if applicable)
Dependents (list)
1040 Income Streams (list)
1040 Deductions (list)
1040 Tax Credits (List)
Tax planning topics to research (List)