代做income tax accounting代写留学生Matlab语言程序

Part 1

Prepare a complete year 2023 federal corporate tax return (Form 1120) for Acme Corporation, including all necessary schedules and attachments.

Balance Sheet                                                 1/1/24                         12/31/24

Cash	40,000	600,000
Investments		60,000
Accounts Receivable		200,000
Equipment (less depreciation of $30,000)		40,000
Total Assets	40,000	900,000
Accounts Payable		260,000
Common Stock	40,000	40,000
Retained Earnings		600,000
Total Liab. And Equity	40,000	900,000
Income Statement Sales	4,000,000
Tax exempt interest	30,000
Dividends Received on Microsoft Stock	120,000
Salaries and Wages	(2,800,000)
Supplies and materials	(180,000)
Meals (50% deductible)	(140,000)
Depreciation	(30,000)
Charitable contributions	(400,000)
Book Income	600,000

Other Information

● You are the sole shareholder of Acme Corporation.

●    Please note that the financial statements have already been issued using the information above and will not be amended.

● You formed Acme by contributing $40,000 to the corporation in return for 100 shares

(i.e., 100%) of stock on 1/01/24.  You named yourself to the role of President and every other officer position.  Your Acme salary for the year 2024 was $500,000.  (This is included in the salary amount reported on the income statement.)  Running Acme is your full time job.

●   Acme’s sole depreciable asset was equipment purchased on 7/01/24 for $70,000.  For tax purposes, you will maximize the depreciation expense.

●   Acme also received a 2024 K-1 for a partnership interest it owned during the year.  The   K-1 showed ordinary income of $80,000 and interest income of $10,000.  No partnership income was recorded on the financial statements.

● Acme owns less than 1% of Microsoft stock outstanding.

● Acme has no cost of goods sold.

●    Please make up appropriate non-financial information that is not included above (e.g., address, etc.).

●    IRS forms can be obtained at: https://www.irs.gov/forms-instructions

Part 2

Complete an entirely separate year 2024 tax return (Form 1120-S) for Acme Corporation where an S election was made 1/1/24.  The information from the Tax Return Assignment (copied below) will be used to complete this separate S corporation tax return and is copied below.

Balance Sheet	1/1/24	12/31/24
Cash	40,000	600,000
Investments		60,000
Accounts Receivable		200,000
Equipment (less depreciation of $30,000)		40,000
Total Assets	40,000	900,000
Accounts Payable		260,000
Common Stock	40,000	40,000
Retained Earnings		600,000
Total Liab. And Equity	40,000	900,000
Income Statement Sales	4,000,000
Tax exempt interest	30,000
Dividends Received on Microsoft Stock	120,000
Salaries and Wages	(2,800,000)
Supplies and materials	(180,000)
Meals (50% deductible)	(140,000)
Depreciation	(30,000)
Charitable contributions	(400,000)
Book Income	600,000

Other Information

● You are the sole shareholder of Acme Corporation.

●    Please note that the financial statements have already been issued using the information above and will not be amended.

● You formed Acme by contributing $40,000 to the corporation in return for 100 shares

(i.e., 100%) of stock on 1/01/24.  You named yourself to the role of President and every other officer position.  Your Acme salary for the year 2024 was $500,000.  (This is included in the salary amount reported on the income statement.)  Running Acme is your full time job.

●   Acme’s sole depreciable asset was equipment purchased on 7/01/24 for $70,000.  For tax purposes, you will maximize the depreciation expense.

●   Acme also received a 2024 K-1 for a partnership interest it owned during the year.  The K-1 showed ordinary income of $80,000 and interest income of $10,000.  No partnership income was recorded on the financial statements.

● Acme owns less than 1% of Microsoft stock outstanding.

● Acme has no cost of goods sold.

●    Please make up appropriate non-financial information that is not included above (e.g., address, etc.).

●    IRS forms can be obtained at: https://www.irs.gov/forms-instructions