Completion of a mock business tax form may require
- employer identification number (EIN)
- receipts
- sales slips
- invoices
- bank deposit slips
- canceled checks
- income statements
- deductions
- credits
- employment tax reports.
Process/Skill Questions:
- What are examples of deductions?
- How long should records be kept?
- What does one need for taxes if one has a farm?
- What type of deductions can one have for a business?
- When does one need to file taxes for a business?