Corporate Tax Returns

Corporate tax return and provide an analysis of the ethical considerations related to tax preparation involving corporations.

Key Components:

Use the financial data below to complete Form 1120.

Complete the respective tax forms and schedules required to complete the return. The parts of your respective business tax return for which there is information.

https://www.irs.gov/pub/irs-pdf/f1120.pdf Complete the return for XYLEM Corporation.

In a separate document:

Show your income tax calculations.

write-up on analysis of the ethical considerations related to tax preparation.

Requirements: Submit

1) your tax return template,

2) Income tax calculations,

3) your analysis of the ethical considerations related to tax preparations involving corporations. Your paper must be

XYLEM Corporation

12/31/2016

Assets

Cash

$485,600

Computer

$7,000

Acc Dep-Computer

$(1,745)

Furniture

$3,000

AccDep-Furniture

$(321)

Land

$50,000

Total Assets

$543,534

Liabilities

Equity

Retained Earnings

$53,534

Stock-Anderson

$50,000

Stock-Bacon

$150,000

Stock-Cox

$100,000

Stock-Day

$50,000

Stock-Elders

$40,000

Stock-Fawcett

$80,000

Stock-Gonzalez

$20,000

Total Liabilities plus Equity

$543,534