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Calculate Completing A 1040
Calculate Completing A 1040
Taxes
Spanish version
Teacher Tip Video
Virtual Adaptation Ideas
Part I: Scenarios
To illustrate how different circumstances affect your tax return, we’ll explore the case of five different individuals:
Virtual No
Currency
Line 12 Determine if the individual is/is not a dependent by reading the “Who qualifies as a dependent?” and
“Qualifying Child” sections of this article. Then, follow the directions below:
Line 16 ● To find tax for 16, refer to the tax table starting on page 66 of the 1040 Instructions
● In these scenarios, no one needs to complete additional forms
Lines 27-32 No one in our scenarios is eligible for these credits; Assume $0 for all
Line 35a If line 34 indicates they overpaid, complete line 35a that they’d like a full refund. You should NOT
enter bank account information.
Line 38 Directly from the IRS instructions, if you owe money, figuring out the penalty yourself is complicated;
you can leave line 38 blank and the IRS will simply send you a bill for the penalty. For this exercise, you
can leave line 38 blank.
2. Audit a teammate’s 1040 and note any potential errors you see so you can discuss them with the person who
filed that report.
List the errors you see Explain why you believe it might be an error. Use specific information
from the return in your explanation.
On line 15 It says subtract line 14 from line 11 but it looks like line 11 was subtracted
from line 14. It should have been 0 instead of 33,362.00
If line 15 is in fact wrong Line 15 is needed to complete the rest of the 1040, if Itzel got the
everything below line 15 is subtractionwrong then the rest of the form is wrong
wrong
3. Have a conversation with the classmate who completed your return. First, review the errors on one return, and
determine whether they were, in fact, errors. If they were errors, determine how to fix them so the tax return is
completed properly. Once finished with one return, move on to the other return.