Overview
Go to the Internal Revenue Service (IRS) link: IRS website and become familiar with the website. Search and locate the most recent Publication 17, "Your Federal Income Tax (For Individuals)." Once located, read the "What's New" section and write a paragraph addressing the following questions:
- What areas do you think you would struggle with?
- What areas make the most sense to you?
- What area do you think the average person who does their own return might miss when filing their taxes?
- I will struggle with understsnding how changing filing thresholds and credits interact with my specific situation. Especially when multiple factors come into play.
What makes most sense. Push to efile and availability of free resources like free file- Most will struggle or miss things like tefund offsets for outstanding debt or importance of using the correct priorvyear agi when filing electronicslkt.
- Write a 1 page paper eloborate on these.