Individual Income Tax Return Preparation

Part 1
Prepare an individual income tax return. Complete problem 9-72 in your textbook (this is attached). All applicable tax forms are required to be submitted. The tax return should be a single document. Do not scan and submit the completed tax forms individually. Name the PDF file HillT.ACC460.TR1, where the TR1 refers to the Tax Return 1 assignment.

Utilize the attached “Topic 5 Check Figures Tax Return 2018 Forms” document to assist you with this project.

Part 2

In addition to the preparation of the individual income tax return for this topic, write a 300-500-word paper in which you address the following ethical issues associated with tax preparation:

Discuss the legal and ethical aspects of accurately reporting income on tax returns using Circular 230 as published by the Department of Treasury (located in Topic Materials). Discuss one item in Section B on Duties and Restrictions and the consequences to tax preparers if they fail to adhere to the guidelines as provided by the Department of Treasury.
Compare and contrast the concepts of “tax avoidance” and “tax evasion”.
(Optional)
Prepare this portion of the assignment in a Microsoft Word document. Ensure that your file name is: EthicsACC460Hill.docx