Business Finance Homework Help

ACCT 2256 Income Tax – Business Project #1

Form 1120 US Corporate Income Tax Return Due Date March 19, 2019 at 1:00pm

It is time for the first tax return project of the semester. For the assignment, we will be preparing a corporate tax return. The problem is in your textbook chapter 3 pages 3-49 to 3-50 and is worth 100 points.

To complete the project you will need to go to the IRS website at www.irs.gov and download the 2018 Form 1120. The Form 1120 is available on the IRS website and you are to only use this form, not a paper form. The form is in a fillable pdf format.

When filling out the 1120 form only use Adobe Acrobat Reader. If you do not have the Adobe reader installed it on your computer. The reader is a free download just google it to find it. Again, only use Adobe when you fill out the form, on past assignments, I have had issues with the information entered on the forms not saving correctly when using the Microsoft reader and the forms submitted are blank with no information.

To be able to keep the returns separate, please add your name to the company name. On this project the company name is Pet Kingdom, Inc. by adding my name to it, I would use “Brian Keller’s Pet Kingdom, Inc.”

The form is 8 pages long and there are many questions other than filling in numbers, that need to be answered. Most are yes or no check the box type questions, but the form is not complete if the questions are not answered, do not just fill the numbers in also, answer the questions.

please used the ext and References

Books

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E

book

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Raabe, Hoffman, Young, Nellen & Maloney, Corporations,

Partnerships, Estates & Trusts 2019 edition, Cengage South Western

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With inclusive access to CengageNow

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Optional:

o

Loose leaf paper copy

–

available

at the bookstor