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