Analyzing a Corporate Tax Return 


Write a 3 to 5 page essay that does the following:
Find at least three errors or omissions on Form 1120 from Zeus, Inc.: US 2020 Corporate Income Tax Return Table [PDF], supports selection using IRS codes, IRS rules, court cases, or FASB statements.
Explain the criteria requiring the use of the M-3 and describe how the statement would be more beneficial to financial users.
Explain at least two IRS-approved Zeus Inc. estimated tax payment methods, explaining and justifying the preferred method.
Explain the relationship between a corporation’s tax year and its financial reporting year, and explain at least two complications in the following locations. Explain how to reduce two complications that can arise when Zeus Inc prepares its financial statements for income taxes.

Analyzing a Corporate Tax Return 


Write a 3 to 5 page essay that does the following:
Find at least three errors or omissions on Form 1120 from Zeus, Inc.: US 2020 Corporate Income Tax Return Table [PDF], supports selection using IRS codes, IRS rules, court cases, or FASB statements.
Explain the criteria requiring the use of the M-3 and describe how the statement would be more beneficial to financial users.
Explain at least two IRS-approved Zeus Inc. estimated tax payment methods, explaining and justifying the preferred method.
Explain the relationship between a corporation’s tax year and its financial reporting year, and explain at least two complications in the following locations. Explain how to reduce two complications that can arise when Zeus Inc prepares its financial statements for income taxes.

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