Accounting Tax Return Project: Don and Megan Draper, 2019 Filing

This document presents a comprehensive solution to a 2019 individual tax return assignment for Don and Megan Draper, a married couple with two dependent children. The assignment required the creation of a professional and technically correct tax return, including all necessary forms and schedules, based on provided interview information and documentation. The solution includes Form 1040 and Schedule 3, along with other relevant forms. The solution demonstrates the application of tax law and regulations to accurately calculate tax liabilities and credits for the specified tax year. This assignment provides a practical application of tax principles and procedures, showcasing the ability to prepare a complete and accurate individual tax return.

SCHEDULE 3
(Form 1040 or 1040-SR)
Department of the Treasury
Internal Revenue Service
Additional Credits and Payments
▶ Attach to Form 1040 or 1040-SR.
▶ Go to www.irs.gov/Form1040 for instructions and the latest information.
OMB No. 1545-0074
2019Attachment
Sequence No.03
Name(s) shown on Form 1040 or 1040-SR Your social security number
Part I Nonrefundable Credits
1 Foreign tax credit. Attach Form 1116 if required. . . . . . . . . . . . . . . . . . 1
2 Credit for child and dependent care expenses. Attach Form 2441. . . . . . . . . . . . 2
3 Education credits from Form 8863, line 19. . . . . . . . . . . . . . . . . . . . 3
4 Retirement savings contributions credit. Attach Form 8880. . . . . . . . . . . . . . 4
5 Residential energy credits. Attach Form 5695. . . . . . . . . . . . . . . . . . . 5
6 Other credits from Form:a 3800 b 8801 c 6
7 Add lines 1 through 6. Enter here and include on Form 1040 or 1040-SR, line 13b .. . . . . . 7
Part II Other Payments and Refundable Credits
8 2019 estimated tax payments and amount applied from 2018 return. . . . . . . . . . . 8
9 Net premium tax credit. Attach Form 8962 .. . . . . . . . . . . . . . . . . . . 9
10 Amount paid with request for extension to file (see instructions). . . . . . . . . . . . . 10
11 Excess social security and tier 1 RRTA tax withheld .. . . . . . . . . . . . . . . . 11
12 Credit for federal tax on fuels. Attach Form 4136 .. . . . . . . . . . . . . . . . . 12
13 Credits from Form: a 2439 b Reserved c 8885 d 13
14 Add lines 8 through 13. Enter here and on Form 1040 or 1040-SR, line 18d. . . . . . . . . 14
For Paperwork Reduction Act Notice, see your tax return instructions.Cat. No. 71480G Schedule 3 (Form 1040 or 1040-SR) 2019
Don Draper 111111111
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