Use the financial data from the following file to complete form 1120. Complete the following template that has the respective tax forms and schedules required to complete the return. Complete all of the parts of your respective business tax return for which there is information. In the space at the bottom of the template, show your income tax calculations and prepare a write-up on some questions contained within the tax return. Look at the information on Form 1120 Schedule K. With the exception of line 1, discuss the purpose of these questions. (You may select a sub-grouping of these questions to complete your milestone). What are some challenges (identify three to five), both anticipated and unexpected, when completing the corporate tax return? What solutions can you provide to those challenges?

Investor Info

Contributions

Beginning Balance Sheet

Income Statement

Ending Balance Sheet

Form 1120 needs to be completed along with alll the schedules included in Form 1120, as needed. Any explaination of any calculations made would be greatly appreciated.

SSN 756-12-1111 756-12-2222 756-12-3333 756-12-4444 756-12-5555 Address 10 Sysco Way 20 Sysco Wa 30 Sysco Wa 40 Sysco Way 50 Sysco Wa 60 Sysco Way 70 Sysco Wa First Name Last Name Andrew 30039 30039 30039 30039 30039 30039 30039 Shareholder Shareholder Shareholder Shareholder Andersorn ta GA Csily Doris Elr Farah Gomez Canc ray Atlanta ta GA CNA Fawcett nta GA Shareholder Shareholder