Joseph and diana cohen live in pleasantville new jersey

ACC4301 (21481) Individual Income Taxation Individual Income Tax Project Spring 2018 Instructions: Please complete the 2016 federal income tax return for Joseph and Diana Cohen. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps and include those assumptions in a cover page accompanying your submission of this project. Assignment Preparation Options: The Income Tax Return may be prepared manually, using the ProSeries 2016 software available on many UHD computers, or any other Federal Income Tax software to which you may have access. The ProSeries software may be accessed on the Network System in the Computer Center on the eight floor (South) at the University of Houston-Downtown One Main building, the second floor classrooms in the Davies College Of Business Building, or on the personal computers at UHD-Northwest campus at Lone Star College-University Park. If you choose to prepare the Income Tax (or Information) Return using the ProSeries 2016 software there is a new login requirement for every user. You must be granted access to log into the software and that access must be granted by Dr. Marvin Williams. To facilitate the access granting process, please send Dr. Williams at "williamsm@uhd.edu" the following email message (inserting your correct information in the bold/underlined item): "My name is JOHN DOE and I am a student in Professor Thomas Jackson’s Individual Income Taxation (ACC4301) class. I would like to have access to the ProSeries 2016 Version Software for purposes of completing class assignments." In the subject line, please use “ProSeries 2016 access request – UHD Downtown Campus” or “UHD Northwest Campus.” Please be sure to specify at which campus you will require access as ProSeries has assigned different account numbers for each. When your access has been granted you will have to create your own username and password. You will then be able to access the ProSeries software from any personal computer in the Computer Center that is connected to the Network System at the University Of Houston-Downtown Campus or on the personal computers on the personal computers at UHD-Northwest at Lone Star College-University Park. Please be sure to have a device available to you that will allow you to save your data. To assist you in using the ProSeries software, an operator's manual is available in the Computer Center (or at UHDNorthwest at Lone Star College-University Park). IMPORTANT - DEFAULT SETTINGS PLEASE DO NOT ALTER ANY OF THE DEFAULT SETTINGS IN THE SOFTWARE. 1 If you have questions, need additional information or would like to discuss any aspect of this assignment further, please contact me by email at jacksonth@uhd.edu. Thank you for your attention to this matter and Good Luck with the assignment. Forms Required: • • • • • • • • • 1040 – U.S. Individual Income Tax Return Schedule A – Itemized Deductions Schedule B – Interest and Ordinary Dividends Schedule C – Profit and Loss From Business Schedule D – Capital Gains and Losses 8949 – Sales and Other Dispositions of Capital Assets Schedule SE – Self-Employment Tax 6251 – Alternative Minimum Tax-Individuals 8582 – Passive Activity Loss Limitations Check figures: Please use the following as indicators as to whether you are on the correct path. Please do not be concerned about small differences between these and the results you get.