Paste MS G D A 3 Mr.X and Yeach invested $50,000 to start a plumbing business on 01/01/2019 4 Prepare 2019 CORPORATE Tax Return from the following information Dr cr 23,000 6 Cash 85,000 7 Accounts Receivable 30,000 8 Investment in Stocks/Bonds 9 Equpment 185,000 43,000 10 Accumulated Depreciation 11 Accounts Payable 120,000 100,000 12 Common Stock 13 Sales 873,000 14 Interest income 2,500 15 Dividend (5% owned) 1,500 16 Cost of sales 450,000 17 Salaries to X 50,000 18 Salaries to Y 50,000 19 Other salaries 85,000 20 Charitable Contribution 1,000 21 Rent 60,000 22 Utilities 18,000 23 Penalties 1,000 24 Advertising 24,000 25 Depreciation-MACRS 43,000 26 Contract Labor 35,000 27 28 1,140,000 1,140,000 29 30 Taxable income 60,250 31 32 Check Figures 33 line# 11 26 290 34 form 35 1120 36 37 38 39 40 41 Schedule Amount 427000 53,000 750 60,250 0 12,653 1.500 30 33 35 TILS 41 Schedule 42 1(a) i(b) 10 1,500 65 750 750 43 24 15(d) 25(d) 1 2 50 Penalty 6 10 2 8 280,000 50,012 47,347 12,653 1,000 61,000 61,000 47,347 47,347 44 45 46 ScheduleL 47 48 Schedule M-1 49 50 51 52 53 Schedule M-2 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 2019 Income Form U.S. Corporation Income Tax Return OMEN 1545.012 Department of the Treasury For calendar year 2018 or tax year beginning Internal Revenue Service ending Go to www.lrsgow Form1120 for instructions and the latest Information A Check ta Constad retum (attach Form 851) X AND Y CORPORATION Lenorite con TYPE Number, roland room or when IPO box, sonsons daldrum OR C Date Incorporated 2 Personal holding PRINT City or town (attach Sch. PHD ZIP code 3 Personal service corp Foreign country me Foreign provincest county Foreign postal code 0 4 Schedule M-3 attached E Check itxartun Fins um Name change 1 Archange 1a Gross receipts of sales ta b Returns and allowance 1b c Balance. Subtract line 1b from line la 10 0 2 Cost of goods sold (attach Form 1125-A) 2 3 Gross profit. Subtract line 2 from line 1 3 0 4 Dividends and inclusions (Schedule C, line 23) 5 Interest 5 6 Grossrents 6 7 Gross royalties 7 8 Capital gain net income (attach Schedule D (Form 11201) 8 9 Net gain or loss) from Form 4797, Part II line 17 (attach Form 4797) 9 10 Other income (see instructions-attach statement) 10 11 Total income. Add lines through 10 11 12 Compensation of officers (see instructions-attach Form 1125-E), 12 13 Salaries and wages (less employment credits) 13 14 Repairs and maintenance 14 15 Bad debts 15 16 Rents 16 17 Taxes and licenses 17 18 Interest (see instructions) 18 19 Charitable contributions 19 20 Depreciation from Form 4562 not claimed on Form 1125 A or elsewhere on return (attach Form 4562) 21 Depletion 21 22 Advertising 22 23 Pension profit-sharing te plans 23 24 Employee benefit programs 25 Reserved for future use 25 26 Other deductions (attach statement) 27 Total deductions. Add lines 12 through 26 28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11 29a Net operating loss deduction (see instructions) b Special deductions (Schedule C, line 24). 29 C Add lines 23 and 2 30 Taxable income. Subtract line 29c from line 28. See instructions 31 Total tax (Schedule J. Part I line 11) 32 32 2019 net 965 taxability paid (Schedule J. Part It, line 12). 33 Total payments, credits, and section 65 net tax liability (schedule J. Part 1, line 23) 34 34 Estimated tax penalty See instructions. Check if Form 2220 is attached 35 Amount owed of line 33 is smaller than the total of lines 31, 32 and 34, enter amount owed 0 36 Overpayment in 33 is larger than the total of lines 31, 32 and 34. enter amount overpad Refunded 37 Entertainment Credited to 2020 estimated tas Deductions (See Instructions for limitations on deductions Teren MacBook Air (a) Dividends and Inclusions (h) Page 2 (c) Special deductions (a) = (h) Form 2019) XANDY CORPORATION Schedule C Dividends, Inclusions, and Special Deductions (see instructions) 1 Dividends from less-than-20%-owned domestic corporations (other than debt financed stock) 2. Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) 50 0 65 0 3 Instructions 0 4 23.3 0 5 26.7 0 6 50 0 7 Dividends on certain debt-financed stock of domestic and foreign corporations Dividends on certain preferred stock of less-than-20%-owned public utilities Dividends on certain preferred stock of 20%-c-more-owned public utilities Dividends from less-than-20%-owned foreign corporations and certain FSCS Dividends from 20%-or-more-owned foreign corporations and certain FSCS Dividends from wholly owned foreign subsidiaries Subtotal. Add lines 1 through 8. See instructions for limitations Dividends from domestic corporations received by a small business Investment company operating under the Small Business Investment Act of 1958 Dividends from affiliated group members 65 8 100 0 9 10 0 instructions 0 100 0 11 100 0 12 13 100 0 Dividends from certain FSCs Foreign-source portion of dividends received from a specified 10%-owned foreign corporation (excluding hybrid dividends) (see instructions) Dividends from foreign corporations not included on line 3, 6, 7, 8, 11, 12, of 13 (including any hybrid dividends) 100 0 14 intructions 15 Section 965(a) inclusion 16 a Subpart F inclusions derived from the sale by a controlled foreign corporation (CFC) of the stock of a lower-tier foreign corporation treated as a dividend (attach Form(s) 5471) (see instructions) b Subpart F inclusions derived from hybrid dividends of tiered corporations (attach Form(s) 5471) (see instructions) c Other inclusions from CFCs under subpart F not included on line 15, 160, 161, or 17 (attach Form(s) 5471) (see instructions) 100 0 17 Global Intangible Low-Taxed Income (GILTI) (attach Form(s) 5471 and Form 8092) 16 Gross-up for foreign taxes deemed paid 19 IC-DISC and former DISC dividends not included on line 1.2 or 3 20 Other dividends 21 Deduction for dividends paid on certain preferred stock of public blities Pare 2 3 4 ole 6 0 7 8 Form 1120 (2010) X AND Y CORPORATION Schedule J Tax Computation and Payment (see instructions) Part -Tax Computation 1 Check if the corporation is a member of a controlled group (attach Schedule (Form 1120)). See Instructions 2 Income tax. See Instructions 3 Base erosion minimum tax amount (attach Form 8991) 4 Add lines 2 and 3 5a Foreign tax credit (attach Form 1118) 5 6 b Credit from Form 8834 (see Instructions) Sb c General business credit (attach Form 3800) 5c d Credit for prior year minimum tax (attach Form 8827) 5d Bond credits from Form 8912 50 6 Total credits. Add lines Sa through 50 7 Subtract line 6 from ine 4 8 Personal holding company tax (attach Schedule PH (Form 1120)) 98 Recapture of investment credit (attach Form 4255) 9a Recapture of low-income housing credit (attach Form 8611) 9b Interest due under the look back method completed long-term contracts (attach Form 8697) 9c d Interest due under the look back method income forecast method (attach Form 3806) 9d Alternative tax on qualifying shipping activities (attach Form 8902) 90 | Other (see instructions attach statement) 91 10 Total. Add lines Da through 9 11 Totaltax. Add lines 7 Band 10 Enterhes and on rare 1line 31 Part 11-Section 965 Payments (see instructions) 12 2019 net 965 tax liability paid from Form 965-8. Part column line 3. Enter here and on page 1. line 32 Part IIl-Payments, Refundable Credits, and Section 965 Not Tax Liability 13 2018 overpayment credited to 2019 14 2019 estimated tax payments 15 2019 refund applied for on Form 4466 16 Combine lines 13, 14, and 15 17 Tax deposited with Form 7004 18 Withholding (see instructions) 19 Total payments. Add lines 16, 17, and 18 20 Refundable credits from & Form 2430 200 b Form 4136 20 C Form 8827. line 5c 206 d Other (attach statement-se instructions) 200 21 Total credits. Add lines 20a through 20d 22 2019 net 965 taxabity from Form 65-6, Parti, column (d), line 3. See instructions 23 Total payments, credits, and section 965 net tax liability. Add lines 10.21 and 22. Enter here and on page 1 10 11 0 0 12 13 14 15 16 17 0 19 0 21 22 Form 11200 347621-dr-content-rid-26617581 1/courses/212022 PORATION%20BLANK%ZOFORMS.pdf Page 4 c Yes No Form 1120 (2019) X AND Y CORPORATION Schedule K Other Information (see instructions 1 Check accounting method: Cash Accrual Other (specity 2 See the instructions and enter the a Business activity code no. b Business activity c Product or service 3 Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? 17 "Yes,"enter name and EIN of the parent corporation 4 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote? lt Yes," complete Part 1 of Schedule G (Form 1120) (attach Schedule G). b Did any individual or estate own directly 20% or more or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote? It "Yes," complete Part II of Schedule G (Form 1120) (attach Schedule G). At the end of the tax year, did the corporation: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive ownership, see instructions "Yes." complete through (w) below. Name of Corporation Identification Number Incorporation 5 Employer County of Porta Owned in Voong b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership (including an entity treated as a partnership or in the beneficial interest of a trus For rules of constructive ownership, see instructions Yes complete through w below Name of Erity Identification Number Cory of Organito Percentage One 7 During this tax year, dd the corporation pay dividends (other than stock dividends and distributions in exchange for stock in excess of the corporation's current and accumulated earnings and profits? See sections 301 and 316 "Yes," Form 5452, Corporate Report of Nondividend Distributions. See the instructions for Form 5452 If this is a consolidated return answer here for the parent corporation and on Form 51 for each wiary At any time during the tax year, did one foreign person own directly or indirectly, at least 25% of the total voting power of classes of the corporation's stocketted to vote or at least 25% of the total value of all classes of the corporation's stock? For rules of attribution, see section 318 If Yesenter (a) Percentage owned and (b) Owner's country (c) The corporation may have to file Form 5472, Information Return of a 25. Foreign-Owned US. Corporation or a Foreign Corporation Engaged in a US Trade or Business Enter the number of Forms 5472 attached 8 9 10 11 Check this box if the corporation issued publicly offered debt instruments with original issue discount If checked, the corporation may have to file Form 8281, Information Return for Publicy Offered Original Issue Discount Instruments Enter the amount of tax-exempt interest received or accrued during the tax year $ Enter the number of shareholders at the end of the tax year (if 100 or lower) If the corporation has an NOL. for the tax year and is electing to forego the carryback period, check here (see Instructions) If the corporation is filing a consolidated return, the statement required by Regulations section 1.1502-21(3) must be attached or the election will not be valid Enter the available NOL carryover from prior tax years do not reduce it by any deduction reported on page 1, line 29a.) >$ Form 1120 2019 12 Page 5 Yos No Form 1120 (2019) X AND Y CORPORATION Schedule K Other Information continued from page 4) 13 Are the corporation's total receipts (page 1, line 1a plus lines 4 through 10) for the tax year and its total assets at the end of the tax year less than $250,000? "Yes," the corporation is not required to complete Schedules L. M-1, and M-2. Instead, enter the total amount of cash distributions and the book value of property distributions (other than cash) made during the tax year 14 Is the corporation required to file Schedule UTP (Form 1120) Uncertain Tax Position Statement? See instructions If "Yes," complete and attach Schedule UTP. 15 a Did the corporation make any payments in 2019 that would require it to file Form(s) 1000? b If "Yes," did or will the corporation file required Form(s) 1099 16 During this tax year, did the corporation have an 80% or more change in ownership, including a change due to redemption of its own stock? 17 During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more than 65% (by value) of its assets in a taxable, non-taxable, or tax deferred transaction? 18 Did the corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or fair market value of more than $1 million? 19 During the corporation's tax year, did the corporation make any payments that would require it to file Forma 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474) of the Code? 20 Is the corporation operating on a cooperative basis? 21 During the tax year, did the corporation pay or accrue any interest or royalty for which the deduction is not allowed under section 267A? See instructions. "Yes,' enter the total amount of the disallowed deductions S 22 Does the corporation have gross receipts of at least 500 million in any of the 3 preceding tax years? (See sections 50Alex2) and (3)) "Yes," complete and attach Form 8091 23 Did the corporation have an election under section 1630) for any real property trade or business or any forming business in effect during the tax year? See instructions 24 Does the corporation satisfy one or more of the following? See instructions a The corporation owns a pass-through entity with current or prior year carryover excess business interest expense b The corporation's aggregate average annual gross receipts (determined under section 448(e)) for the 3 tax years preceding the current tax year are more than $26 million and the corporation has business interest expense c The corporation is a tax shelter and the corporation has business interest expense If "Yes" to any, complete and attach Form 8900 25 Is the corporation attaching Form 8096 to certify as a wasted Opportunity Fund? XANO TICO ORION Schedule L Balance Sheets per Books Beginning of laxy End of Assets (al 1 Cash 2a Trade notes and accounts receivable bless allowance for bad debts 3 inventories 4 US government obligations 5 Tax-exempt securities (instructions) 6 Other currents (tach statement) 7 Loans to shareholders 8 Mortgage and real estate loans 9 Other investments (attach statement) 10a Buldings and other depreciable assets bless accumulated depreciation 11a Depletables bless accumulated depletion 0 12 Land one of any amortization) 13a Intangible assets (amortizable only) b Less accumulated amortization 0 14 Other sechstment 15 Total Liabilities and Shareholders' Equity 16 Accounts payable 17 Mortgages, notes, bonds payable in less than 1 year 18 Other current sachsen 19 Loans from shareholders 20 Mortgages, notes, bonds payable in year or more 21 Other labies (attach statement) Capital Preferred stock bCommon stock Additional pidin capital 24 Retained earnings Appropriate ach statement 25 Retained earningsUnappropriated 26 Adjustments to shareholders' equity latachment Less cost of treasury stock Totales and requity Schedule M.1 Reconciliation of Income (LOS) per Books With Income per Return Note: The corporation may be required to schedule M. 3. Sections Not income) per books 7 Income recorded on books this year not 2 Federal income tax proches included on this 3 Excess of capitalosses over capital 4 03 Deductions on the charged 5 Expenses recorded on bossen deducted on this retum (e.cz Depreciation Charte contributions Travel and tramont $ Add MacBook Air 80 DOO Gore 910 + A % 5 & 7 4 6 8 8 9 0 URPORATION%20BLANK%20FORMS.pdf H H Tien H - 10a Buildings and other depreciable assets b Less accumulated depreciation 11a Depletable assets. 0 0 b Less accumulated depletion 0 12 Land (net of any amortization) 0 13a Intangible assets (amortizable only) b Less accumulated amortization 0 14 Other assets (attach statement) 0 15 Total assets 0 Liabilities and Shareholders' Equity 0 16 Accounts payable 17 Mortgages, notes, bonds payable in less than 1 year 18 Other current liabilities (attach statement) 19 Loans from shareholders 20 Mortgages, notes, bonds payable in 1 year or more 21 Other liabilities (attach statement) 22 Capital stock a Preferred stock b Common stock 0 23 Additional paid in capital 24 Retained earnings Appropriated (attach statement) 25 Retained earnings-Unappropriated 26 Adjustments to shareholders' equity (attach statement) 27 Less cost of treasury stock 28 Total liabilities and shareholders' equity 0 Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3. See Instructions 1 Net income (los) per books 7 Income recorded on books this year not 2 Federal income tax per books included on this retum (itemize) 3 Excess of capital losses over capital gains Tax-exempt interest $ 4 Income subject to tax not recorded on books this year (itemize): 0 08 Deductions on this return not charged 5 Expenses recorded on books this year not against book income this year (itemize) deducted on this return (itemize): a Depreciation a Depreciation b Charitable contributions b Charitable contributions c Travel and entertainment $ 0 09 Add lines 7 and 8 6 Add lines 1 through 5 010 Income (page 1. line 28)-line 6 loss ine 9 Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Line 25. Schedule L) 1 Balance at beginning of year 5 Distributions a Cash 2 Net income foss) per books b Stock Other increases itemize) c Property 6 Other decreases itemize) O 0 4 Add lines 1, 2, and 3 07 08 Add lines 5 and 6 Balance at end of year (line 4 less line 7) 0 Form 1120 2010 Paste MS G D A 3 Mr.X and Yeach invested $50,000 to start a plumbing business on 01/01/2019 4 Prepare 2019 CORPORATE Tax Return from the following information Dr cr 23,000 6 Cash 85,000 7 Accounts Receivable 30,000 8 Investment in Stocks/Bonds 9 Equpment 185,000 43,000 10 Accumulated Depreciation 11 Accounts Payable 120,000 100,000 12 Common Stock 13 Sales 873,000 14 Interest income 2,500 15 Dividend (5% owned) 1,500 16 Cost of sales 450,000 17 Salaries to X 50,000 18 Salaries to Y 50,000 19 Other salaries 85,000 20 Charitable Contribution 1,000 21 Rent 60,000 22 Utilities 18,000 23 Penalties 1,000 24 Advertising 24,000 25 Depreciation-MACRS 43,000 26 Contract Labor 35,000 27 28 1,140,000 1,140,000 29 30 Taxable income 60,250 31 32 Check Figures 33 line# 11 26 290 34 form 35 1120 36 37 38 39 40 41 Schedule Amount 427000 53,000 750 60,250 0 12,653 1.500 30 33 35 TILS 41 Schedule 42 1(a) i(b) 10 1,500 65 750 750 43 24 15(d) 25(d) 1 2 50 Penalty 6 10 2 8 280,000 50,012 47,347 12,653 1,000 61,000 61,000 47,347 47,347 44 45 46 ScheduleL 47 48 Schedule M-1 49 50 51 52 53 Schedule M-2 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 2019 Income Form U.S. Corporation Income Tax Return OMEN 1545.012 Department of the Treasury For calendar year 2018 or tax year beginning Internal Revenue Service ending Go to www.lrsgow Form1120 for instructions and the latest Information A Check ta Constad retum (attach Form 851) X AND Y CORPORATION Lenorite con TYPE Number, roland room or when IPO box, sonsons daldrum OR C Date Incorporated 2 Personal holding PRINT City or town (attach Sch. PHD ZIP code 3 Personal service corp Foreign country me Foreign provincest county Foreign postal code 0 4 Schedule M-3 attached E Check itxartun Fins um Name change 1 Archange 1a Gross receipts of sales ta b Returns and allowance 1b c Balance. Subtract line 1b from line la 10 0 2 Cost of goods sold (attach Form 1125-A) 2 3 Gross profit. Subtract line 2 from line 1 3 0 4 Dividends and inclusions (Schedule C, line 23) 5 Interest 5 6 Grossrents 6 7 Gross royalties 7 8 Capital gain net income (attach Schedule D (Form 11201) 8 9 Net gain or loss) from Form 4797, Part II line 17 (attach Form 4797) 9 10 Other income (see instructions-attach statement) 10 11 Total income. Add lines through 10 11 12 Compensation of officers (see instructions-attach Form 1125-E), 12 13 Salaries and wages (less employment credits) 13 14 Repairs and maintenance 14 15 Bad debts 15 16 Rents 16 17 Taxes and licenses 17 18 Interest (see instructions) 18 19 Charitable contributions 19 20 Depreciation from Form 4562 not claimed on Form 1125 A or elsewhere on return (attach Form 4562) 21 Depletion 21 22 Advertising 22 23 Pension profit-sharing te plans 23 24 Employee benefit programs 25 Reserved for future use 25 26 Other deductions (attach statement) 27 Total deductions. Add lines 12 through 26 28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11 29a Net operating loss deduction (see instructions) b Special deductions (Schedule C, line 24). 29 C Add lines 23 and 2 30 Taxable income. Subtract line 29c from line 28. See instructions 31 Total tax (Schedule J. Part I line 11) 32 32 2019 net 965 taxability paid (Schedule J. Part It, line 12). 33 Total payments, credits, and section 65 net tax liability (schedule J. Part 1, line 23) 34 34 Estimated tax penalty See instructions. Check if Form 2220 is attached 35 Amount owed of line 33 is smaller than the total of lines 31, 32 and 34, enter amount owed 0 36 Overpayment in 33 is larger than the total of lines 31, 32 and 34. enter amount overpad Refunded 37 Entertainment Credited to 2020 estimated tas Deductions (See Instructions for limitations on deductions Teren MacBook Air (a) Dividends and Inclusions (h) Page 2 (c) Special deductions (a) = (h) Form 2019) XANDY CORPORATION Schedule C Dividends, Inclusions, and Special Deductions (see instructions) 1 Dividends from less-than-20%-owned domestic corporations (other than debt financed stock) 2. Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) 50 0 65 0 3 Instructions 0 4 23.3 0 5 26.7 0 6 50 0 7 Dividends on certain debt-financed stock of domestic and foreign corporations Dividends on certain preferred stock of less-than-20%-owned public utilities Dividends on certain preferred stock of 20%-c-more-owned public utilities Dividends from less-than-20%-owned foreign corporations and certain FSCS Dividends from 20%-or-more-owned foreign corporations and certain FSCS Dividends from wholly owned foreign subsidiaries Subtotal. Add lines 1 through 8. See instructions for limitations Dividends from domestic corporations received by a small business Investment company operating under the Small Business Investment Act of 1958 Dividends from affiliated group members 65 8 100 0 9 10 0 instructions 0 100 0 11 100 0 12 13 100 0 Dividends from certain FSCs Foreign-source portion of dividends received from a specified 10%-owned foreign corporation (excluding hybrid dividends) (see instructions) Dividends from foreign corporations not included on line 3, 6, 7, 8, 11, 12, of 13 (including any hybrid dividends) 100 0 14 intructions 15 Section 965(a) inclusion 16 a Subpart F inclusions derived from the sale by a controlled foreign corporation (CFC) of the stock of a lower-tier foreign corporation treated as a dividend (attach Form(s) 5471) (see instructions) b Subpart F inclusions derived from hybrid dividends of tiered corporations (attach Form(s) 5471) (see instructions) c Other inclusions from CFCs under subpart F not included on line 15, 160, 161, or 17 (attach Form(s) 5471) (see instructions) 100 0 17 Global Intangible Low-Taxed Income (GILTI) (attach Form(s) 5471 and Form 8092) 16 Gross-up for foreign taxes deemed paid 19 IC-DISC and former DISC dividends not included on line 1.2 or 3 20 Other dividends 21 Deduction for dividends paid on certain preferred stock of public blities Pare 2 3 4 ole 6 0 7 8 Form 1120 (2010) X AND Y CORPORATION Schedule J Tax Computation and Payment (see instructions) Part -Tax Computation 1 Check if the corporation is a member of a controlled group (attach Schedule (Form 1120)). See Instructions 2 Income tax. See Instructions 3 Base erosion minimum tax amount (attach Form 8991) 4 Add lines 2 and 3 5a Foreign tax credit (attach Form 1118) 5 6 b Credit from Form 8834 (see Instructions) Sb c General business credit (attach Form 3800) 5c d Credit for prior year minimum tax (attach Form 8827) 5d Bond credits from Form 8912 50 6 Total credits. Add lines Sa through 50 7 Subtract line 6 from ine 4 8 Personal holding company tax (attach Schedule PH (Form 1120)) 98 Recapture of investment credit (attach Form 4255) 9a Recapture of low-income housing credit (attach Form 8611) 9b Interest due under the look back method completed long-term contracts (attach Form 8697) 9c d Interest due under the look back method income forecast method (attach Form 3806) 9d Alternative tax on qualifying shipping activities (attach Form 8902) 90 | Other (see instructions attach statement) 91 10 Total. Add lines Da through 9 11 Totaltax. Add lines 7 Band 10 Enterhes and on rare 1line 31 Part 11-Section 965 Payments (see instructions) 12 2019 net 965 tax liability paid from Form 965-8. Part column line 3. Enter here and on page 1. line 32 Part IIl-Payments, Refundable Credits, and Section 965 Not Tax Liability 13 2018 overpayment credited to 2019 14 2019 estimated tax payments 15 2019 refund applied for on Form 4466 16 Combine lines 13, 14, and 15 17 Tax deposited with Form 7004 18 Withholding (see instructions) 19 Total payments. Add lines 16, 17, and 18 20 Refundable credits from & Form 2430 200 b Form 4136 20 C Form 8827. line 5c 206 d Other (attach statement-se instructions) 200 21 Total credits. Add lines 20a through 20d 22 2019 net 965 taxabity from Form 65-6, Parti, column (d), line 3. See instructions 23 Total payments, credits, and section 965 net tax liability. Add lines 10.21 and 22. Enter here and on page 1 10 11 0 0 12 13 14 15 16 17 0 19 0 21 22 Form 11200 347621-dr-content-rid-26617581 1/courses/212022 PORATION%20BLANK%ZOFORMS.pdf Page 4 c Yes No Form 1120 (2019) X AND Y CORPORATION Schedule K Other Information (see instructions 1 Check accounting method: Cash Accrual Other (specity 2 See the instructions and enter the a Business activity code no. b Business activity c Product or service 3 Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? 17 "Yes,"enter name and EIN of the parent corporation 4 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote? lt Yes," complete Part 1 of Schedule G (Form 1120) (attach Schedule G). b Did any individual or estate own directly 20% or more or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote? It "Yes," complete Part II of Schedule G (Form 1120) (attach Schedule G). At the end of the tax year, did the corporation: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive ownership, see instructions "Yes." complete through (w) below. Name of Corporation Identification Number Incorporation 5 Employer County of Porta Owned in Voong b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership (including an entity treated as a partnership or in the beneficial interest of a trus For rules of constructive ownership, see instructions Yes complete through w below Name of Erity Identification Number Cory of Organito Percentage One 7 During this tax year, dd the corporation pay dividends (other than stock dividends and distributions in exchange for stock in excess of the corporation's current and accumulated earnings and profits? See sections 301 and 316 "Yes," Form 5452, Corporate Report of Nondividend Distributions. See the instructions for Form 5452 If this is a consolidated return answer here for the parent corporation and on Form 51 for each wiary At any time during the tax year, did one foreign person own directly or indirectly, at least 25% of the total voting power of classes of the corporation's stocketted to vote or at least 25% of the total value of all classes of the corporation's stock? For rules of attribution, see section 318 If Yesenter (a) Percentage owned and (b) Owner's country (c) The corporation may have to file Form 5472, Information Return of a 25. Foreign-Owned US. Corporation or a Foreign Corporation Engaged in a US Trade or Business Enter the number of Forms 5472 attached 8 9 10 11 Check this box if the corporation issued publicly offered debt instruments with original issue discount If checked, the corporation may have to file Form 8281, Information Return for Publicy Offered Original Issue Discount Instruments Enter the amount of tax-exempt interest received or accrued during the tax year $ Enter the number of shareholders at the end of the tax year (if 100 or lower) If the corporation has an NOL. for the tax year and is electing to forego the carryback period, check here (see Instructions) If the corporation is filing a consolidated return, the statement required by Regulations section 1.1502-21(3) must be attached or the election will not be valid Enter the available NOL carryover from prior tax years do not reduce it by any deduction reported on page 1, line 29a.) >$ Form 1120 2019 12 Page 5 Yos No Form 1120 (2019) X AND Y CORPORATION Schedule K Other Information continued from page 4) 13 Are the corporation's total receipts (page 1, line 1a plus lines 4 through 10) for the tax year and its total assets at the end of the tax year less than $250,000? "Yes," the corporation is not required to complete Schedules L. M-1, and M-2. Instead, enter the total amount of cash distributions and the book value of property distributions (other than cash) made during the tax year 14 Is the corporation required to file Schedule UTP (Form 1120) Uncertain Tax Position Statement? See instructions If "Yes," complete and attach Schedule UTP. 15 a Did the corporation make any payments in 2019 that would require it to file Form(s) 1000? b If "Yes," did or will the corporation file required Form(s) 1099 16 During this tax year, did the corporation have an 80% or more change in ownership, including a change due to redemption of its own stock? 17 During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more than 65% (by value) of its assets in a taxable, non-taxable, or tax deferred transaction? 18 Did the corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or fair market value of more than $1 million? 19 During the corporation's tax year, did the corporation make any payments that would require it to file Forma 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474) of the Code? 20 Is the corporation operating on a cooperative basis? 21 During the tax year, did the corporation pay or accrue any interest or royalty for which the deduction is not allowed under section 267A? See instructions. "Yes,' enter the total amount of the disallowed deductions S 22 Does the corporation have gross receipts of at least 500 million in any of the 3 preceding tax years? (See sections 50Alex2) and (3)) "Yes," complete and attach Form 8091 23 Did the corporation have an election under section 1630) for any real property trade or business or any forming business in effect during the tax year? See instructions 24 Does the corporation satisfy one or more of the following? See instructions a The corporation owns a pass-through entity with current or prior year carryover excess business interest expense b The corporation's aggregate average annual gross receipts (determined under section 448(e)) for the 3 tax years preceding the current tax year are more than $26 million and the corporation has business interest expense c The corporation is a tax shelter and the corporation has business interest expense If "Yes" to any, complete and attach Form 8900 25 Is the corporation attaching Form 8096 to certify as a wasted Opportunity Fund? XANO TICO ORION Schedule L Balance Sheets per Books Beginning of laxy End of Assets (al 1 Cash 2a Trade notes and accounts receivable bless allowance for bad debts 3 inventories 4 US government obligations 5 Tax-exempt securities (instructions) 6 Other currents (tach statement) 7 Loans to shareholders 8 Mortgage and real estate loans 9 Other investments (attach statement) 10a Buldings and other depreciable assets bless accumulated depreciation 11a Depletables bless accumulated depletion 0 12 Land one of any amortization) 13a Intangible assets (amortizable only) b Less accumulated amortization 0 14 Other sechstment 15 Total Liabilities and Shareholders' Equity 16 Accounts payable 17 Mortgages, notes, bonds payable in less than 1 year 18 Other current sachsen 19 Loans from shareholders 20 Mortgages, notes, bonds payable in year or more 21 Other labies (attach statement) Capital Preferred stock bCommon stock Additional pidin capital 24 Retained earnings Appropriate ach statement 25 Retained earningsUnappropriated 26 Adjustments to shareholders' equity latachment Less cost of treasury stock Totales and requity Schedule M.1 Reconciliation of Income (LOS) per Books With Income per Return Note: The corporation may be required to schedule M. 3. Sections Not income) per books 7 Income recorded on books this year not 2 Federal income tax proches included on this 3 Excess of capitalosses over capital 4 03 Deductions on the charged 5 Expenses recorded on bossen deducted on this retum (e.cz Depreciation Charte contributions Travel and tramont $ Add MacBook Air 80 DOO Gore 910 + A % 5 & 7 4 6 8 8 9 0 URPORATION%20BLANK%20FORMS.pdf H H Tien H - 10a Buildings and other depreciable assets b Less accumulated depreciation 11a Depletable assets. 0 0 b Less accumulated depletion 0 12 Land (net of any amortization) 0 13a Intangible assets (amortizable only) b Less accumulated amortization 0 14 Other assets (attach statement) 0 15 Total assets 0 Liabilities and Shareholders' Equity 0 16 Accounts payable 17 Mortgages, notes, bonds payable in less than 1 year 18 Other current liabilities (attach statement) 19 Loans from shareholders 20 Mortgages, notes, bonds payable in 1 year or more 21 Other liabilities (attach statement) 22 Capital stock a Preferred stock b Common stock 0 23 Additional paid in capital 24 Retained earnings Appropriated (attach statement) 25 Retained earnings-Unappropriated 26 Adjustments to shareholders' equity (attach statement) 27 Less cost of treasury stock 28 Total liabilities and shareholders' equity 0 Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3. See Instructions 1 Net income (los) per books 7 Income recorded on books this year not 2 Federal income tax per books included on this retum (itemize) 3 Excess of capital losses over capital gains Tax-exempt interest $ 4 Income subject to tax not recorded on books this year (itemize): 0 08 Deductions on this return not charged 5 Expenses recorded on books this year not against book income this year (itemize) deducted on this return (itemize): a Depreciation a Depreciation b Charitable contributions b Charitable contributions c Travel and entertainment $ 0 09 Add lines 7 and 8 6 Add lines 1 through 5 010 Income (page 1. line 28)-line 6 loss ine 9 Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Line 25. Schedule L) 1 Balance at beginning of year 5 Distributions a Cash 2 Net income foss) per books b Stock Other increases itemize) c Property 6 Other decreases itemize) O 0 4 Add lines 1, 2, and 3 07 08 Add lines 5 and 6 Balance at end of year (line 4 less line 7) 0 Form 1120 2010