Accounting Project

Below Expectations

0-2 points

Approaching Expectations

3-6 points

Meets Expectations

7-8 points

Exceeds Expectations

9-10 points

Personal Information

_________/10 points X .5

Below Expectations

Multiple errors and areas left incomplete.

Approaching Expectations

Partially correct but was incomplete.

Meets Expectations

Most of the data entered was complete and accurate. Filing options properly selected and disbursement/payment methods entered.

Exceeds Expectations

Data was complete and accurate. Filing options properly selected and disbursement/payment methods entered.

Filing Status

_________/10 points X .5

Below Expectations

Preparer did not properly identify tax payer's filing status

Approaching Expectations

N/A

Meets Expectations

N/A

Exceeds Expectations

Filing status was accurately determined

Dependents

_________/10 points X .5

Below Expectations

Preparer did not properly determine personal and dependency exemptions.

Approaching Expectations

Preparer somewhat determined personal and dependency exemptions.

Meets Expectations

Preparer properly determined personal and dependency exemptions.

Exceeds Expectations

Preparer properly determined personal and dependency exemptions, determined relationship, and if qualified for child tax credit

Below Expectations

0-2 points

Approaching Expectations

3-6 points

Meets Expectations

7-8 points

Exceeds Expectations

9-10 points

Business Income

_________/10 points

Below Expectations

Preparer did not identify all elements of business income and expenses, and/or made more than 2 on preparing Schedule C

Approaching Expectations

Preparer identified all elements of business income and expenses, and made no more 2 mistakes on preparing Schedule C

Meets Expectations

Preparer identified all elements of business income and expenses, and properly prepared Schedule C

Exceeds Expectations

Rental Income

_________/10 points

Below Expectations

Preparer did not identify all elements of rental income and expenses, and/or made more than 2 errors on preparing Schedule E

Approaching Expectations

Preparer identified all elements of rental income and expenses, and made no more 2 mistakes on preparing Schedule E

Meets Expectations

Preparer identified all elements of rental income and expenses, and properly prepared Schedule E

Exceeds Expectations

All Other Income

_________/10 points X 3

Wages, Interest, Dividends, lawsuit, inheritance, annuity, etc.

Below Expectations

Preparer did not identify all other elements of income, and/or made more than 1 mistake in preparing Form 1040

Approaching Expectations

Meets Expectations

Exceeds Expectations

Adjusted Gross Income

_________/10 points X .5

Below Expectations

Approaching Expectations

Meets Expectations

Exceeds Expectations

Below Expectations

0-2 points

Approaching Expectations

3-6 points

Meets Expectations

7-8 points

Exceeds Expectations

9-10 points

Standard vs Itemized Deductions

_________/10 points X 1.5

Below Expectations

Approaching Expectations

Meets Expectations

Exceeds Expectations

Credits/Tax

_________/10 points

Below Expectations

Approaching Expectations

Meets Expectations

Exceeds Expectations

Tax

_________/10 points X .5

Below Expectations

Approaching Expectations

Meets Expectations

Exceeds Expectations

Other

_________/ + or - points

_________/ 100 total points

Below Expectations

Approaching Expectations

Meets Expectations

Exceeds Expectations