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Required: 1. Complete Fancy Pups, Inc.'s (FPI) corporate tax return for 2022. Only the following forms are to be completed: Form 1120: U.S. Corporation Income
Required: 1. Complete Fancy Pups, Inc.'s (FPI) corporate tax return for 2022. Only the following forms are to be completed: Form 1120: U.S. Corporation Income Tax Return (all six pages) Form 1125-A: Cost of Goods Sold Form 4562: Depreciation and Amortization Form 4797: Sales of Business Property Schedule D: Capital Gains and Losses If the forms ask for any information not given in the project, use reasonable assumptions to fill in the gaps. 2. You may complete the return individually, or you may work in a group (no more than three members people per group). Groups should turn in only one return with the names of all group included. 3. You must complete the tax return manually (by hand or fillable tax forms downloaded from the irs.gov website) using federal tax forms. Do not use any tax return software programs to complete this project. See the "Detailed instruction video for information on how to download the fillable tax forms. Taxpayer Facts: Fiona Lake and Katie Ayers formed Fancy Pups, Inc
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