Perfect Plants, Inc. Tax Return Preparation Project Tax Year: 2015 Required: Prepare the 2015 corporate tax return for Perfect Plants, Inc. along with any necessary supporting schedules. Prepare schedule M-1 instead of M-3 (even though M-3 is required Forms Needed: 1120, 1125-A, 1125-E, 4562, 4797, schedule D (form 1120) Taxpayer Information Perfect Plants, Inc. is located at 5500 First Street, San Jose, CA 95118 The Corporation uses the calendar year and accrual basis for both book and tax purposes. It is in the business of the sale of plants and landscaping supplies. The Employer ldentification number (EIN) is 23-4567890. The company incorporated on December 31, 2010 and began business on January 2, 2011 Here are some additional details: Estimated Tax Payments The corporation deposited estimated tax payments are as follows: 4/15/2015 105,000 6/15/2015 210,000 9/15/2015 252,000 12/15/2015 252,000 Total 819,000 Inventory The corporation uses the periodic inventory method and prices its inventory using the lower of FIFO cost or market. Only beginning inventory, ending inventory, and purchases should be reflected on Form 1125-A. No other costs or expenses are allocated to cost of goods sold. check (ii) (a) Line 9 (b), C) & (d) Not applicable E) & (f) No Compensation of officers (Form 1125-E) of Stock of Time Social Security Name 100% 111-22-3333 Mary Travis 100% 222-33-4444 John Willis 25%. 333-44-5555 Chris Parker Amount 265,000 160,000 160,000 585,000