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prepare The Eerie Ensembles Corp.?s 2012 Federal income tax return

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Question;From the above information, prepare The Eerie Ensembles Corp.?s 2012 Federal income tax return (Form 1120S), including all supporting statements, schedules, and forms. Unless otherwise noted, assume the corporation makes all available elections to minimize the shareholders? current taxable incomes. Round amounts to the nearest dollar. If additional information is needed, make realistic assumptions and fill in all required data.Even though the corporation may not be technically required to do so, Noel has expressed a desire that Schedule L (Balance Sheets), Schedule M-1 (Reconciliation of Income (Loss) per Books With Income (Loss) per Return), and Schedule M-2 (Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders? Undistributed Taxable Income Previously Taxed) on Form 1120S, p. 5 be completed.Eerie Corp work is from pages 25-30 (http://www.cengage.com/resource_uploads/downloads/1285178505_399738.pdf).Data, forms and instructions are in the website provided.Additional RequirementsLevel of Detail: Only answer neededOther Requirements: Form 1120S and forms stated in the problem are required.Shareholder?s Share of Income, Credits, Deductions, etc. (2 forms).............. 38Form 1125-ACost of Goods Sold........................................................................................... 40Form 4797Sales of Business Property................................................................................ 41Form 4562Depreciation and Amortization......................................................................... 43Schedule D (Form 1120S)Capital Gains and Losses and Built-In Gains.................................................... 45Form 8949Sales and Other Dispositions of Capital Assets................................................ 46Page U.S. Income Tax Return for an S Corporation................................................. 33Form 1120SSchedule K-1 (Form 1120S) (2 Forms)

 

Paper#42009 | Written in 18-Jul-2015

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