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Schedule Nts L Nr Py Form

Schedule Nts L Nr Py Form

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welcome to tax teach my name's Sean I'm a certified public accountant specializing in taxation today I want to go over how to calculate the Earned Income Tax Credit as well as report the credit on your tax return let's get right into it before we get into looking at the Forum and the calculation itself let's give the background of the facts for this example we have taxpayers Jan John Doe they're married filing jointly they have two children Joe who's eight Ben who's five we're gonna have W-2 income of fifty thousand dollars interest income of a hundred dollars and we're going to assume that all family members have valid Social Security numbers by the time this tax return is filed as well as all family members being a U.S resident or citizens for the full year I've been living in the US for the full year that is the facts behind this example now let's get into how the form will be prepared all right

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