Executive Summary
Project Purpose: My project was, primarily,
a personal enrichment and learning experience. As an aspiring Tax Stem MAcc student
at BYU, I wanted to better understand simple federal income taxes and the
various rules regarding the IRS Forms 1040EZ, 1040A, and 1040. My project had
two goals: (1) I wanted to create a simple version of online tax software, understanding
its nuts and bolts, and (2) I wanted to help taxpayers with the most common
sources of income complete their 2014 tax returns with minimal hassle. This
project has been useful in providing check figures for income tax returns that
I have completed with and for family members. Additionally, this experience has
helped me feel better prepared for future tax classes and my upcoming tax
internship.
System Overview: Utilizing user
input, my project will help taxpayers identify which IRS income tax form they
qualify to use, particularly in regards to the sources from which their income
is derived. Using a variety of custom UserForms, VBYesNo MsgBoxes, and
InputBoxes, this program will help the taxpayer navigate the various forms and
tax worksheets. This project will help the tax payer calculate their number of
dependents, gross income, AGI, applicable deductions, applicable credits,
taxes, and refund or amount owed. Finally, the end result will be displayed to
the taxpayer, clearly indicating the appropriate line number or line description
and its associated value.
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