(Solution) 1120 U. Corporation Income Tax Return Form Department Of The Treasury Internal Revenue Service A Check If: B Life/nonlife Consolidated Return . 2... | Snapessays.com


(Solution) 1120 U. Corporation Income Tax Return Form Department of the Treasury Internal Revenue Service A Check if: b Life/nonlife consolidated return . 2...


Apply information generated from the spreadsheet and worksheet generated in Week 3.Prepare pages 1 through 5 of Form 1120 - US Corporation Income Tax Return:Utilize PDF fill-in form. See additional information attached.Click the Assignment Files tab to submit your assignment as a PDF file.I am to do Schedule M-1 through M-3's Form

 

1120

 

Department of the Treasury

 

Internal Revenue Service

 

U.S. Corporation Income Tax Return

 

For calendar year 2015 or tax year beginning

 

, 2015, ending

 

, 20

 

a

 

Information about Form 1120 and its separate instructions is at

 

www.irs.gov/form1120.

 

OMB No. 1545-0123

 

20

 

15

 

TYPE

 

OR

 

PRINT

 

Name

 

Number, street, and room or suite no. If a P.O. box, see instructions.

 

City or town, state, or province, country, and ZIP or foreign postal code

 

A

 

Check if:

 

1a

 

Consolidated return

 

(attach Form 851)

 

.

 

b

 

Life/nonlife consoli-

 

dated return .

 

.

 

.

 

2

 

Personal holding co.

 

(attach Sch. PH) .

 

.

 

3

 

Personal service corp.

 

(see instructions)

 

.

 

.

 

4

 

Schedule M-3 attached

 

B

 

Employer identification number

 

C

 

Date incorporated

 

D

 

Total assets (see instructions)

 

$

 

E

 

Check if:

 

(1)

 

Initial return

 

(2)

 

Final return

 

(3)

 

Name change

 

(4)

 

Address change

 

Income

 

1a

 

Gross receipts or sales .

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

1a

 

b

 

Returns and allowances .

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

1b

 

c

 

Balance.

 

Subtract line 1b from line 1a

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

.

 

.

 

.

 

.

 

1c

 

2

 

Cost of goods sold (attach Form 1125-A) .

 

.

 

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.

 

.

 

.

 

.

 

.

 

.

 

2

 

3

 

Gross profit.

 

Subtract line 2 from line 1c .

 

.

 

.

 

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3

 

4

 

Dividends (Schedule C, line 19)

 

.

 

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.

 

.

 

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.

 

.

 

.

 

.

 

.

 

4

 

5

 

Interest

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

5

 

6

 

Gross rents

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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.

 

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.

 

.

 

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.

 

.

 

.

 

.

 

6

 

7

 

Gross royalties

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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.

 

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.

 

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7

 

8

 

Capital gain net income (attach Schedule D (Form 1120)) .

 

.

 

.

 

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.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

8

 

9

 

Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797)

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

9

 

10

 

Other income (see instructions—attach statement) .

 

.

 

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.

 

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.

 

.

 

10

 

11

 

Total income.

 

Add lines 3 through 10

 

.

 

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.

 

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.

 

.

 

a

 

11

 

Deductions (See instructions for limitations on deductions.)

 

12

 

Compensation of officers (see instructions—attach Form 1125-E)

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

a

 

12

 

13

 

Salaries and wages (less employment credits)

 

.

 

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.

 

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.

 

.

 

.

 

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.

 

.

 

.

 

.

 

13

 

14

 

Repairs and maintenance

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

.

 

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.

 

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.

 

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.

 

.

 

.

 

14

 

15

 

Bad debts .

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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.

 

.

 

.

 

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.

 

.

 

15

 

16

 

Rents

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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.

 

.

 

.

 

.

 

.

 

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16

 

17

 

Taxes and licenses

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

.

 

.

 

.

 

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.

 

17

 

18

 

Interest

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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18

 

19

 

Charitable contributions .

 

.

 

.

 

.

 

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.

 

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.

 

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.

 

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.

 

.

 

.

 

.

 

19

 

20

 

Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) .

 

.

 

20

 

21

 

Depletion .

 

.

 

.

 

.

 

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21

 

22

 

Advertising

 

.

 

.

 

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.

 

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.

 

22

 

23

 

Pension, profit-sharing, etc., plans

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

.

 

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.

 

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.

 

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.

 

.

 

.

 

.

 

23

 

24

 

Employee benefit programs

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

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.

 

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.

 

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24

 

25

 

Domestic production activities deduction (attach Form 8903) .

 

.

 

.

 

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.

 

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.

 

.

 

.

 

.

 

.

 

.

 

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25

 

26

 

Other deductions (attach statement)

 

.

 

.

 

.

 

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.

 

.

 

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.

 

26

 

27

 

Total deductions.

 

Add lines 12 through 26 .

 

.

 

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.

 

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.

 

.

 

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.

 

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.

 

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.

 

.

 

.

 

.

 

.

 

a

 

27

 

28

 

Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11.

 

28

 

29a

 

Net operating loss deduction (see instructions) .

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

29a

 

b

 

Special deductions (Schedule C, line 20) .

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

29b

 

c

 

Add lines 29a and 29b

 

.

 

.

 

.

 

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.

 

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.

 

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.

 

.

 

.

 

.

 

.

 

29c

 

Tax, Refundable Credits, and

 

Payments

 

30

 

Taxable income.

 

Subtract line 29c from line 28 (see instructions)

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

30

 

31

 

Total tax

 

(Schedule J, Part I, line 11) .

 

.

 

.

 

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31

 

32

 

Total payments and refundable credits (Schedule J, Part II, line 21) .

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

32

 

33

 

Estimated tax penalty (see instructions). Check if Form 2220 is attached

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

.

 

a

 

33

 

34

 

Amount owed.

 

If line 32 is smaller than the total of lines 31 and 33, enter amount owed

 

.

 

.

 

.

 

.

 

.

 

34

 

35

 

Overpayment.

 

If line 32 is larger than the total of lines 31 and 33, enter amount overpaid

 

.

 

.

 

.

 

.

 

.

 

35

 

36

 

Enter amount from line 35 you want:

 

Credited to 2016 estimated tax

 

a

 

Refunded

 

a

 

36

 

Sign

 

Here

 

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,

 

and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

 

F

 

Signature of officer

 

Date

 

F

 

Title

 

May the IRS discuss this return

 

with the preparer shown below

 

(see instructions)?

 

Yes

 

No

 

Paid

 

Preparer

 

Use Only

 

Print/Type preparer’s name

 

Preparer's signature

 

Date

 

Check

 

if

 

self-employed

 

PTIN

 

Firm’s name

 

a

 

Firm's EIN

 

a

 

Firm's address

 

a

 

Phone no.

 

For Paperwork Reduction Act Notice, see separate instructions.

 

Cat. No. 11450Q

 

Form

 

1120

 

(2015)

 


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