Corporate Tax Return
Requirement 1: adjusting journal entry and financial statements:
& reconciliation of book and taxable income:
Requirement 2: Form 1120:
Form 1120, page 1: correct entries for all relevant line items for income, deductions, taxable income, tax, and tax due or overpaid.
Schedule L, page 5: correct entries for end of year balance sheet (columns c & d; note; total assets should equal total liabilities and equity.
Schedule M-1, page 5: correct entries for reconciliation; note; line 10 of schedule M-1 should agree with line 28, page 1.
Schedule M-2, page 5: correct entries; should agree with the balance sheet.
Overall professionalism and appearance:
Attach a supplemental schedule where appropriate (e.g., page 1, line 26)
Recently Asked Questions
- Find the annual percentage yield(APY) in the following situation. A bank offers an APR of 3.1 % compounded daily. The annual percentage yield is _________%.
- Scenic Routes operates a bus company that specializes in travelling on secondary roads, rather than Interstate highways. Their slogan is: "It Takes a Little
- EXPLAIN THE PHILOSOPHICAL CONCEPTS OF EPISTEMOLOGICAL DUALISM AND THE PLEASURE PRINCIPLE AND HOW EACH IS REFLECTED IN EMOTIVISM AND THE ENLIGHTENMENMT