Question
Assume you are a paralegal working for a corporate law firm. New clients Bradley Harris and Cynthia Lund have just finished an initial meeting with
Assume you are a paralegal working for a corporate law firm. New clients Bradley Harris and Cynthia Lund have just finished an initial meeting with your supervising attorney, Belinda Murphy. Ms. Murphy has briefed you on their situation. Bradly Harris and Cynthia Lund have just incorporated a business called Cutting Edge Computer Repair, Inc. After consulting with Ms. Murphy, they feel it would be in their best interests to be taxed as an S Corporation. Ms. Murphy has asked you to prepare the necessary Form 2553 to elect S Corporation status for their signatures. Using the earlier information and the information in Appendix B-3 on pages 689-690 of this text, do a Form 2553 for Cutting Edge Computer Repair, Inc. This form may be downloaded from the Internal Revenue Service's website athttp://www.irs.gov(Links to an external site.)
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