Completion should include
- W-2
- 1040
- Form 1120
- Schedule F
- Schedule C
- quarterly forms for self-employed individuals.
Process/Skill Questions:
- When must individuals file tax forms?
- Why do self-employed individuals pay income tax on a quarterly basis?
- What are the implications of not filing tax forms? When would one not file tax forms?
- How does one determine what tax deductions are allowed?