COMPLETING THE FEDERAL INCOME TAX RETURN (4)

Slides:



Advertisements
Similar presentations
FAFSA Free Application for Federal Student Aid Your 1 st step to getting $$ for college.
Advertisements

TYPES OF FINANCIAL SERVICES SAVE AS: FINANCIAL SERVICES NAME TEACHER DATE NAME, TEACHER AND DATE.
LESSON 13-3 REPORTING WITHHOLDING AND PAYROLL TAXES.
Federal Income Tax Personal Finance. 1. The IRS Internal Revenue Service Its main purposes are to collect income taxes and enforce tax laws.
Chapter 6 Should I File A Tax Return? Rochford, S. (2004). Taxes for teens. South-Western: Cengage Learning.
IRS Data Retrieval Tool Instructions. What is the IRS Data Retrieval Tool? Allows students and parents to access the IRS tax information needed to complete.
5.2 File a Tax Return.  Tax Return  Form W-2  Form 1099-INT  Form 1040EZ  Dependent  Deduction  Social Security Number  Taxable income.
1 Press Ctrl-A ©G Dear2009 – Not to be sold/Free to use DeductionsTax Stage 6 - Year 11 Applied Mathematic (Preliminary General 1)
TAX-AIDE Whats New: Colorado (Draft) Child Care Tax Credit Expansion Marijuana Business Expenditure Calculation.
Filing with the Canada Revenue Agency. How Can You File?  You can choose to file by “e-file” or by paper submission.  According to the CRA for the year.
Chapter 7 Federal Income Tax
Payroll Accounting, Taxes and Reports
FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA): SECTION-BY-SECTION JACQUELYNN MOL, SAINT MARY’S UNIVERSITY OF MN SOLEDAD KERN, CAPELLA UNIVERSITY “MAKING.
Federal Work Study Instructions in Completing the Forms Student Financial Services.
What New Business Owners Need to Know About Federal Taxes Student Name(s) Course Name Date Teacher Name 1.
© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO4 Prepare selected payroll tax reports.
Chapter Work Related Forms and Laws Ms. Dinnella.
Banking services and procedures Chapter 22. Banking in today’s business world Online Banking Checking account balances Paying bills electronically Other.
1 / 9 Introducing the Tax Estimator. © 2006, Universal Tax Systems, Inc. All Rights Reserved. The Tax Estimator Objectives –In this chapter you will learn:
U NDERSTANDING T AXES. W HAT IS A T AX ? Tax is a financial charge on a taxpayer by the federal and state governments.
Do Now 1)What things determine how much someone gets taxed by the federal government? 2) What date are taxes due every year?
Free Application For Federal Student Aid (FAFSA).
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-3 Other End-of-Fiscal-Period Work.
Accounting Review. Are the following accounts permanent or temporary? Directions: Insert a slide after each of the slides containing account names. On.
FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc Payroll Guide, 7345 IRS Form 8027, Employer's Annual Information Return of Tip Income and Allocated.
Write This Down Tax Returns Who has to file tax return by 4/15/2014? FederalState Only if you made more than certain amount in 2013 Living w/ parents Single,
- Every employee needs to fill out a W-4 form - Employee’s tax filing status, number of withholdings, and address information is entered into Centralized.
YOUR CREDIT REPORT WHY IS YOUR CREDIT REPORT IMPORTANT? NAME TEACHER DATE PG NAME, TEACHER AND DATE1.
BUDGETING Chapter 6. True or False ä Financial success depends on luck more than planning. ä Spending small amounts of money now will not affect your.
Taxes and Your Paycheck Career and Financial Management 2.
SEMINAR: JANUARY 13, 2016 FEDERAL FINANCIAL AID CLASS.
TYPES OF STOCK INVESTMENT HOW ARE STOCKS CLASSIFIED? PG NAME, TEACHER AND DATE.
Political Party Contribution Report Under section 29C of the Representation of the People Act the declaration of donations (Contribution reports) received.
UNDERSTANDING THE FEDERAL INCOME TAX RETURN (1) WHAT SHOULD YOU KNOW ABOUT THE FEDERAL INCOME TAX RETURN? PG NAME, TEACHER AND DATE.
Tax Timeline. When you first get hired… You fill out a what? – W-4 (Personal Allowances) – 4 first Why? – To help your employer figure the correct amount.
Get informed Refund tax | unfiled tax returns Get informed Refund tax | unfiled tax returns A tax refund or tax rebate is a repayment on taxes when the.
Income Taxes for Individuals Calculated as a percent of your taxable income Taxable Income = Gross Pay - Pre-Tax Deductions (examples: retirement plan.
Investing in America Aim: How do Americans invest their money? ERHSMr. Graboski.
Tax Deductions Standard Deduction Itemized Deduction standard deduction an amount of money set by the IRS that is not taxed itemized deduction a specific.
DEVRY ACCT 553 W EEK 4 Y OU D ECIDE Check this A+ tutorial guideline at For more classes.
CREATE A POWERPOINT PRESENTATION PG
Principles of Business, Marketing and Finance
CREATE A POWERPOINT PRESENTATION WHAT IS A CORPORATE BOND? PG
© 2014 Cengage Learning. All Rights Reserved.
Taxes Source:
PERSONAL BALANCE SHEET
PRECIOUS METALS, GEMS, AND COLLECTIBLES
TAXES – What You Can’t Avoid!
CREATE A POWERPOINT PRESENTATION
TAXES – What You Can’t Avoid!
Goodrich & Young Investments LLP Personal Investment Managers
© 2014 Cengage Learning. All Rights Reserved.
© 2014 Cengage Learning. All Rights Reserved.
FAFSA on the Web Preview Presentation
Ch 6.1 Vocab.
JOURNALIZING PAYMENT OF A PAYROLL
Tax Returns Who has to file tax return by 4/15/2014? Federal State
Chapter 4: Managing Taxes
Lesson 13-3 Other End-of-Fiscal-Period Work
© 2014 Cengage Learning. All Rights Reserved.
FAFSA Verification Requirements
NOTIFY FINANCIAL AID IF…
On-line Training for iBooking.
© 2014 Cengage Learning. All Rights Reserved.
Personal Financial Literacy Journal
Entrance Ticket What is the difference between progressive and flat taxes? Using your chart from last class, calculate how much in federal income tax a.
Do Now Write out the three branches of Minnesota state government.
Federal Income Tax Check the one that applies. Likely “Single.”
Thing / Person:____________________ Dates:_________________
NO INCOME? FORM 8843 INTERNATIONAL STUDENT LIFE.
Presentation transcript:

COMPLETING THE FEDERAL INCOME TAX RETURN (4) CREATE A POWERPOINT PRESENTATION COMPLETING THE FEDERAL INCOME TAX RETURN (4) WHAT DO OU NEED TO COMPLETE THE THREE MAIN INCOME TAX FORMS? PG 397-400 NAME, TEACHER AND DATE SAVE AS: FINANCIAL GOALS

FILLING YOUR FEDERAL INCOME TAX RETURN HOW TO FILE YOUR TAX RETURN NAME, TEACHER AND DATE

FILLING YOUR FEDERAL INCOME TAX RETURN TWO WAYS FOR INDIVIDUALS TO FILE ELECTRONICALLY NAME, TEACHER AND DATE

COMPLETING STATE INCOEM TAX RETURNS SEVEN STATES DO NOT HAVE A STATE INCOME TAX NAME, TEACHER AND DATE