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TAX FORM/RETURN PREPARATION PROBLEMS Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765The cor- poration uses the calendar year and accrual
TAX FORM/RETURN PREPARATION PROBLEMS Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765The cor- poration uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of musical instruments with an employer identification number (EIN) of XX-2017015. The company incorporated on December 31, 2011, and began busi- ness on January 2, 2012. Table C:3-4 contains balance sheet information at January 2015, and December 31, 2015. Table C:3-5 presents an income statement for 2015. These schedules are presented on a book basis. Other information follows the tables. C:3-66 Estimated Tax Payments (Form 2220) The corporation deposited estimated tax payments as follows: April 15, 2015 June 15, 2015 September 15, 2015 December 15, 2015 Total S 90,000 180,000 220,000 220,000 710,000 TAX FORM/RETURN PREPARATION PROBLEMS Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765The cor- poration uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of musical instruments with an employer identification number (EIN) of XX-2017015. The company incorporated on December 31, 2011, and began busi- ness on January 2, 2012. Table C:3-4 contains balance sheet information at January 2015, and December 31, 2015. Table C:3-5 presents an income statement for 2015. These schedules are presented on a book basis. Other information follows the tables. C:3-66 Estimated Tax Payments (Form 2220) The corporation deposited estimated tax payments as follows: April 15, 2015 June 15, 2015 September 15, 2015 December 15, 2015 Total S 90,000 180,000 220,000 220,000 710,000
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