111.Tax Return Problem. KJJ Corp. was formed on October 10, 2003 by Kimberly Jen (123-45-6789), Jennifer James (234-56- 7890) and James Kim (345-67-8901). It is a hardware store and is located at 175 Clerk Road, Newtown, OH 45105. KJJ's employer identification number is 10-1010101 and its business code is 444130. KJJ's telephone number is 513-525-1234 and its e-mail address is KJJCorp@kij.com. KJJ Corp. uses the calendar year and the accrual basis. It uses straight-line depreciation for tax and book purposes and FIFO and lower-of-cost-or-market for inventory purposes. Kimberly, Jennifer and James each received 200 shares of KJJ Corp.'s common stock on October 10, 2003. No other stock has been issued or is outstanding. Each is a full- time employee of the firm and each is paid $200,000. KJJ Corp. made a $105,000 ($35,000 to each owner) cash distribution in 2019. During 2019, KJJ Corp. made estimated federal tax payments of $55,000 each quarter.

i need tax forms

1120. m-1 & m-2

1125 A

1125E

Financial information for 2019 Follow Income Statement Couto 120.000 ORE 5600,000 510,000 20.000 30 000 249.000 Life insurance premis on three owners officers Corp. is the beneficiary Repairs and maintenance Taxes are local, payroll) interest expense Loans to acquire $25.000 state bonds Other 47000 Advertising Charitable contribution Depreciation Employee benefits program Total expenses Net Income before taxes Federal income taxes Net income per books 72.000 36,000 25.000 120.000 63.000 1725.000 5715,000 204.2001 5500 809 Forms 1120 1125 A 1125 E M-1 M2 14-65 Taration of Corporation - Rave Concepts Balance Sheet Wave Cat 140.000 10.000 100.000 10.000 300,000 0.000 200.000 1000 100.000 20- 1.800 1030.000 11220,000 50.000 3.000 Prepared.com o Property, plant and 3.000.000 Accumulated depreciation (1300,000 50.000 Other assets 5000 Total Assets 56406.000 Labilities and Owners' Equity Accounts payable 5301000 Other currenties 405.000 Mortuages 1.500.000 Capital stock 3.000.000 Retained earnings 1200.000 Total liabilities and 58.605.000 Owners' Equity $257000 430.000 1200 000 3.000.000 1595 800 56.482.800 Prepare KJJ Corp.'s From 1120 and related schedules/forms: Forms 1125-A and 1125- E, and Schedules C. J. K, L, M-1, and M-2. (Do not complete Form 4562 [depreciation calculation) since you do not have all the information). Go to www.irs.gov and download the necessary forms. Federal income Tax 136,500 Net Income per book 578,500 f year Retained Earnings 1,673,500 Prepard Federal income tax 83,500 End of