Tax return preparation, Department of Accounting Principles of Federal Income Taxation, Taxation

Tax return preparation, Taxation

Assignment Help:

Department of Accounting Principles of Federal Income Taxation
IOWA STATE UNIVERSITY ACCT 485 (SPRING 2013)
?TO: Tax Consulting Team FROM: Jon Perkins
DATE: March 26th, 2013
RE: Tax return preparation
MEMORANDUM
WriteRight, Inc. has engaged us to prepare its 2012 Federal (but not state) income tax return. Your responsibilities are as follows:
1. Prepare WriteRight, Inc.’s 2012 Federal income tax return, Form 1120, including any supporting information and forms that you feel are necessary. All necessary tax forms (e.g., Form 1120) and the related instructions may be obtained via the IRS web site (www.irs.gov). Unless otherwise indicated in the attached information, you should reduce taxable income as much as possible.
2. Write a letter to Russ Engle, the Treasurer of WriteRight, Inc., that includes instructions on how to file the return (where, when, etc.) and summarizing how much is owed as well as brief explanations of our treatment of any items that might surprise Mr. Engle (he knows GAAP quite well but doesn’t know much about tax rules and regulations...). Further, if estimated tax payments are necessary for 2013, instruct Mr. Engle on how and when to make them.
To aid you in this task, the 2011 and 2012 financial statements and related accounting information for WriteRight, Inc. are included as an attachment to this memorandum.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages

Tax return preparation, Taxation

Related Discussions:- Tax return preparation

Roberta Santos, How much is for the Roberta Santos taxation assignment?

Determine the interest, For the loan below, calculate principal interest po...

Research assignment, The following assignment is due the last day of class ...

Taxation - opportunity cost of capital and tax rate given, BBQ Beach corpor...

Income tax fundamental 2014, gregory and lulu clifden tax problem pg D6 to ...

Taxable income, The following 2012 projected income statement is provided b...

Deferred tax liability, Lehman Corporation purchased a machine on January 2...

Calculate the tax, Sue, Scarlett and Sally are in a partnership together pr...

Calculate the paid tax, Many years ago, in an effort to keep its costs down...

Justify the present budget deficit, Question 1: i) What is a public goo...

Write Your Message!

Featured Services

Online Tutoring

Project Development

Exam Preparation

Course Help

Assignment Help

Popular Subjects

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT