How do i complete a S-Corp return with this information? specifically the M-1 and M-2...
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How do i complete a S-Corp return with this information? specifically the M-1 and M-2 would be helpful
Tax Retum Problem--Form 1120 PREPARE FORM 1120 FOR CREATIVE KTCHENS Creative Kitchens of 1400 Main Street, Dayton, Ohio, was formed on January 2,1976, Kitchens is in the buiness of retailing custom kitchens cabinets and accessories. The corporation's business code is 442299 and its employer identification number is 86-0806200. Stock ownership and officer compensation are as follows: R. Gee #347-54-1212 5096 60,000 E. Gee #379-12-5447 25% 20,000, G. Gee #406-23-4567 2596 20,000. R. Gee devotes 1006 of his timeto the buines; E. Gee and G. Gee together devotes 506 of their time to the business. The coporation made cash distributions of $30,000 on March 1, 2014 and 20,000 on September 13, 2004. The distributions were made in proportion to stockholdings. The corporation's only asset transaction involved the purchase of additional office equipment at a cost of 10,000. Estimated tax payments of $750 each were made on April 12 June 13, and December 13. Additional Data Includes: Sales Repairs $800 Sales Returns 20,000 Bad Debt 2000 15,000 8,000 205,000 Dividends Interest-City cf Contributions 1,400 Chicago bonds 1,500 Advertising 18,000 Financial Balance Sheet Beginning of year End of year 5,700 53,062 45,000 160,000 Accounts Recievable Depreciable assets (20,000) (40,000) Accounts Payable Capital Stock Retain Earnings 35,000 150,000 Inappropriated PLEASE HELP ME Tax Retum Problem--Form 1120 PREPARE FORM 1120 FOR CREATIVE KTCHENS Creative Kitchens of 1400 Main Street, Dayton, Ohio, was formed on January 2,1976, Kitchens is in the buiness of retailing custom kitchens cabinets and accessories. The corporation's business code is 442299 and its employer identification number is 86-0806200. Stock ownership and officer compensation are as follows: R. Gee #347-54-1212 5096 60,000 E. Gee #379-12-5447 25% 20,000, G. Gee #406-23-4567 2596 20,000. R. Gee devotes 1006 of his timeto the buines; E. Gee and G. Gee together devotes 506 of their time to the business. The coporation made cash distributions of $30,000 on March 1, 2014 and 20,000 on September 13, 2004. The distributions were made in proportion to stockholdings. The corporation's only asset transaction involved the purchase of additional office equipment at a cost of 10,000. Estimated tax payments of $750 each were made on April 12 June 13, and December 13. Additional Data Includes: Sales Repairs $800 Sales Returns 20,000 Bad Debt 2000 15,000 8,000 205,000 Dividends Interest-City cf Contributions 1,400 Chicago bonds 1,500 Advertising 18,000 Financial Balance Sheet Beginning of year End of year 5,700 53,062 45,000 160,000 Accounts Recievable Depreciable assets (20,000) (40,000) Accounts Payable Capital Stock Retain Earnings 35,000 150,000 Inappropriated PLEASE HELP ME
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