ACC-455-Week-4-Team-Assignment-Week-Four-Tax-Return-Ch.-3-Tax-Return-127879386 - 1120 U.S Corporation Income Tax Return Form Department of the Treasury

ACC-455-Week-4-Team-Assignment-Week-Four-Tax-Return-Ch.-3-Tax-Return-127879386

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Form 1120Department of the Treasury Internal Revenue ServiceU.S. Corporation Income Tax ReturnFor calendar year 2008 or tax year beginning, 2008, ending, 20See separate instructions.OMB No. 1545-01232008A Check if:1a Consolidated return (attach Form 851) . b Life/nonlife consoli- dated return ...2 Personal holding co. (attach Sch. PH) ..3 Personal service corp. (see instructions)..4 Schedule M-3 attachedUse IRS label. Otherwise,print or type.NameNumber, street, and room or suite no. If a P.O. box, see instructions.City or town, state, and ZIP codeB Employer identification numberCDate incorporatedDTotal assets (see instructions)$E Check if:(1)Initial return(2)Final return(3)Name change(4)Address change1aGross receipts or salesb Less returns and allowancesc Bal1c2Cost of goods sold (Schedule A, line 8) .....................23Gross profit. Subtract line 2 from line 1c .....................34Dividends (Schedule C, line 19) .......................45Interest ..............................56Gross rents .............................67Gross royalties ............................78Capital gain net income (attach Schedule D (Form 1120)) ................89Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) ............910Other income (see instructions—attach schedule) ..................1011Total income. Add lines 3 through 10....................1112Compensation of officers (Schedule E, line 4) .................. 1213Salaries and wages (less employment credits) ...................1314Repairs and maintenance .........................1415Bad debts..............................1516Rents ...............................1617Taxes and licenses ...........................1718Interest ..............................1819Charitable contributions ..........................1920Depreciation from Form 4562 not claimed on Schedule A or elsewhere on return (attach Form 4562)...2021Depletion ..............................2122Advertising .............................2223Pension, profit-sharing, etc., plans ......................2324Employee benefit programs ........................2425Domestic production activities deduction (attach Form 8903) ...............2526Other deductions (attach schedule) ......................2627Total deductions. Add lines 12 through 26...................2728Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11..2829Less: a Net operating loss deduction (see instructions) .......29ab Special deductions (Schedule C, line 20).........29b29c30Taxable income. Subtract line 29c from line 28 (see instructions) .............3031Total tax (Schedule J, line 10) ........................3132a2007 overpayment credited to 2008 ..32ab2008 estimated tax payments ....32bc2008 refund applied for on Form 4466 ...32c( )d Bal 32deTax deposited with Form 7004 ...............32efCredits: (1)Form 2439(2) Form 413632fgRefundable credits from Form 3800, line 19c, and Form 8827, line 8c ...32g32h33Estimated tax penalty (see instructions). Check if Form 2220 is attached ........3334Amount owed. If line 32h is smaller than the total of lines 31 and 33, enter amount owed ......3435Overpayment. If line 32h is larger than the total of lines 31 and 33, enter amount overpaid ......3536Enter amount from line 35 you want: Credited to 2009 estimated tax Refunded 36Sign HereUnder penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
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