Complete celebrity catering service inc

Assignment Help Taxation
Reference no: EM133223195

Purpose: The purpose of this is not merely to learn how to fill-in forms but to enable you to meet the following goals:
• Understand the corporate tax formula
• Identify common book-tax differences and distinguish between permanent & temporary differences.
• Calculate the current & deferred income tax expense or benefit components of a tax provision.

Task: In order to successfully complete this assignment you must:
• Complete Celebrity Catering Service Inc.'s (CCS) Form 1120 and all related schedules. Be sure to attach schedules for any line item, which indicates one is required on the 1120. This includes line items that may require you to create a schedule that identifies the various items that are included in a line on the return these usually indicate "attach schedule." Other lines will indicate specifically which schedule must be included with the return.
• The returns must be in.pdf format. The student can use either:
o Forms schedules and instructions found at www.irs.gov
o Tax preparation software may be used to prepare your assignment, but submission must still be in .pdf format.
• Include a list of all the judgments, decisions and assumptions that you made in order to complete the return. This should be submitted along with your return in a separate document.

Required:
• Complete Celebrity Catering Service Inc.'s (CCS)Federal Form1120 and all related schedules for the tax period indicated in the financial statements provided. Be sure to attach schedules for any line item, which indicates one is required on the 1120.
• If any information is missing, use reasonable assumptions to fill in the gaps and list those assumptions as an attachment.
• Also list on the attachment any tax positions that you took in the completion of the return, such as depreciation method, elections, etc.
• The forms schedules and instructions can be and download the necessary forms.

Attachment:- Corp Tax Return.rar

 

Reference no: EM133223195

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