Corporate Tax Return Project

This assignment requires the completion of a Federal corporate tax return, the 2015 return for the MPC Corporation.  The return involves the third year of operations of MPC Corporation.  MPC is a C Corporation. 

You may prepare the tax return using tax software or use the IRS's "fill-in" forms.  The forms may be found by going to www.irs.gov go to - Forms and Publications.  Under Forms and Publications there is a link to "previous years" for the 2015 forms.  I highly suggest using the tax software in the book- if you don't have the software see me.

FORMS:  use the 2015 forms (you can also use 2013 or 2014 forms):  do NOT buy the 2015 or 2014 software.  You can get old software on Amazon or Ebay.

Instructions:

Complete the corporate tax return for 2015 for MPC 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.

I am looking for the following (and will grade accordingly) with this assignment:

1. Correct use of the Forms

2. 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.rar