C11-Chp-01-Form-1040-Sound-PP-2010-File-2-Income-pass-no

C11-Chp-01-Form-1040-Sound-PP-2010-File-2-Income-pass-no -...

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Finding Tax Law in the Code Slides are not numbered – If you print six slides par page, read left to right, then down to next line of slides. C11-Chp-01-Form 1040-Sound-PP-2010- File-2 File 2 – Income Items
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This PowerPoint presentation is divided into multiple files, because adding sound causes the file size to be much bigger. This is File 2. Slides with sound show a yellow picture of a speaker. You can click on that speaker and hear some explanation from instructor.
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Instructor – Howard Godfrey Professor of Accounting-UNC Charlotte Click speaker for voice.
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Please take a close look at Form 1040, your hard copy of the next slide. We must comply with the tax law when entering information on every line on the return . What law?
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The tax law requires us to: 1.File annual tax returns. 2.Report income according to the law. 3.Compute taxable income by taking only deductions allowed in the law. 4.Compute tax using tax rates provided in the law. 5.Make elections on how we compute our tax liability and pay it. 6.Only take credits allowed in the law. 7.Provide additional information that is required by law. (see next slide)
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Page 1. Taxpayer Info.
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Form 1040. Page 1. Why file? See IRC
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This note was uploaded on 03/09/2012 for the course ACCT 6120 taught by Professor Godfrey,h during the Spring '08 term at UNC Charlotte.

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C11-Chp-01-Form-1040-Sound-PP-2010-File-2-Income-pass-no -...

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