Corporate Tax Return Project
This assignment requires the completion of a Federal corporate tax return, the 2011 return for the BUCKSTAR Corporation. The return involves the third year of operations of BUCKSTAR Corporation. BUCKSTAR is a C Corporation.
You may prepare the tax return using tax software or use the IRS's "fill-in" forms. Under Forms and Publications there is a link to "previous years" for the 2011 forms. I highly suggest using the tax software in the book- if you don't have the software see me.
FORMS: use the 2011 forms (you can also use 2010 and if you have access to 2012 forms you can use 2012): do NOT buy the 2012 software unless you already have it.
The returns must be completed no later than April 24, 2013 at 1:00pm. For every DAY that the return is turned in earlier than the due date 1 bonus point is awarded up to a maximum of 10 points. For each day the project is late there is a penalty of 10 points. The return is worth a base of 100 points.
Instructions:
Complete the corporate tax return for 2011 for BUCKSTAR Corporation. This may include the Schedules A, C, D, E, J, K, L, M-1/ M-2, 4626 and 1120-W. Be careful about what additional forms are needed.
This project is an individual assignment. It is NOT a group assignment.
I am looking for the following (and will grade accordingly) with this assignment:
1. Correct use of the Forms.
2. Issue identification.
3. Documentation.
For any judgment call you must document your position. A very short summary of facts/ law/ conclusion is required. In the documentation include any questions you have for the client.
Attachment:- Assignment Files.rar