Instructions will be uploaded later.
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)
I need help completing questions for a corporate tax return project for my tax accounting class
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)
Instructions will be uploaded later.
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)
Payroll project
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)
Regarding Order 6472050
I still need the following forms please.
Schedule 1
Schedule 2
Schedule A
Schedule B
Schedule C
Schedule D
Form 8949
Schedule SE
Form 8812
Form 8995
Form 6252
Form 8824
Form 8829
Forms 4562
After you complete the fillable forms, Save and select Print to PDF,
Hints
Diego’s taxable wage income includes his salary and bonus reduced by his § 401(k) plan (taxation is deferred until he takes distributions from the plan). Diego’s salary is not reduced by his group health insurance plan contribution because it was made with after-tax dollars. Instead, this amount represents health premiums paid.
The basic computation for QBI is the net income from the proprietorship less self-employment tax deduction and retirement contributions related to the business. QBI is reported on Form 8995. See QBI related post in Help Desk forum.
For Home Office use Form 8829. Computations in Part II differentiate between direct costs and indirect costs associated with the home which need to be prorated. e.g. indirect costs include mortgage interest, real estate taxes, insurance, repairs and maintenance, and utilities. Depreciation on the home is computed in Part III on the prorated business-use adjusted basis for the house. Isabel is electing § 179 expensing for the fireproof file cabinet. Refer to Chapter 8.
Isabel’s exchange of the Ector County property for the McLennan County property qualifies as a like-kind exchange. She reports this transaction on Form 8824.
Installment sales are reported on Form 6252. The installment sale method of accounting generally applies to gains on dispositions of property if the seller receives at least one part of the purchase price in a year following the year of sale. Under this method of accounting, recognition of the realized gain occurs when installment payments are received.
To be deductible a nonbusiness bad debts must be completely worthless. A nonbusiness bad debt is treated as a short-term capital loss, on Form 8949 Part I with Box C checked.
Securities deemed worthless should be reported on Form 8949 Part II with Box F checked. The amount is determined as of the “date sold or disposed of” because worthless securities are deemed sold on the last day of the tax year in which worthlessness is established. The amount is also carried over to line 10, Part II of Schedule D.
See Chapter 5, Interest on Certain State and Local Government Obligations. Interest on state and local government obligations was specifically exempted from Federal income taxation. IRC Section 103(a).
The 1040 instructions (page 25) for Line 3. Qualified Dividends: Enter your total qualified dividends on line 3a. Qualified dividends are also included in the ordinary dividend total required to be shown on line 3b. Qualified dividends are eligible for a lower tax rate than other ordinary income.
Gambling gains and losses cannot be netted for reporting purposes. See Form 1040 Instructions for reporting gambling winnings and losses.
See Chapter 1, 1-4e, State Income Taxes footnote 27 regarding State Income Taxes on individuals. Also, see worksheet for Sales Tax deduction computation, found in the Schedule A instructions.
Charitable contribution deductions are limited to qualified charities. Confirm if a charity is qualified by visiting https://apps.irs.gov/app/eos/ and entering the organization’s EIN or entering the charity’s name on the organizations list at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search-bulk-data-downloads.
For purposes of determining dependent status and eligibility for credits see Chapter 3, 3-4a Qualifying Child and Age Test; and 3-4e, Child and Dependent Tax Credits.
To compute Tax on Form 1040 line 16, use the Schedule D Tax Worksheet (see attachment) found in the Schedule D instructions. Don’t be intimidated by the worksheet. You just need to read each line and enter the appropriate amount. You will need to use the Tax Tables found in the 1040 instructions for lines 44 and 46 of the Schedule D Tax Worksheet.
Please only do the following:
Ratio Analysis
Using Excel, (1) calculate the following financial ratios for the last three years (2021, 2022, and 2023) and
(2) discuss and interpret the ratios in each category:
Profitability:
Profit Margin
Return On Assets (ROA)
Return On Equity (ROE)
Return on Capital Employed
Gross Margin Ratio
Efficiency:
Asset Turnover
Receivables Turnover
Inventory Turnover
Average Collection Period
Average Days in Inventory
Discuss any potential weak performance and risk based on your calculations of the ratios for the two companies.
Are there any factors that could be erroneously influencing the results of the ratios you have calculated?
In this Team part of the Mini Project, you will work with your team on creating the Income Statement and the Balance Sheet for the fiscal year 2020 using the information from the individual mini-project (balance sheet from the previous year and the transaction template showing the impact of all transactions throughout the year).
The necessary information:
Balance Sheet from 12/31/2019 and the financial statement headers to be used for 2020 report (the last two pages) can be found here.
Please use the feedback you received on Mini Project – Part 1 to determine how the transactions should be recorded in the transaction template and use the template to help you create the financial statements for 2020.
The Balance Sheet must be a classified Balance Sheet and the Income Statement must be a multi-step Income Statement. For the Income Statement, make sure to include line items for the following sub(totals): total revenue, gross profit, total operating expenses, operating income, and net income;
Make sure to correctly title the line items and properly align the titles and amounts;
For the purposes of this practice case we ignore taxes;
Submit via Canvas assignment using Word, PDF, or Excel file format;
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)
The Research Proposal was written by one of your writers was sent to supervisor and has come back with some review and updates rquired. The instructions / comments are in track changes and needs to be either reduce the pages or additional information required.
The original order reference is 6599147, by Dr Charlotte. Will be great to have her for this work
Accounting
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)
Overview
The Governmental Accounting Standards Board (GASB) has established accountability as the cornerstone of financial reporting for governments. Accountability, as defined by GASB, includes budgetary and fiscal compliance. In this assignment, you will explore a local government′s Annual Comprehensive Financial Report (ACFR) for the elements of the ACFR and how those elements are incorporated by a local government.
Your professor will assign a local government ACFR for use in this assignment.
Instructions
Write a 3-5 page paper in which you address the following:
Analyze the local government ACFR for the types of budgets the local government maintains. Provide at least three different budget types maintained by the local government and an example of what each controls.
Analyze the Management Discussion and Analysis for at least three assertions made by management as to their budgetary and fiscal compliance. Provide an example of each of the three assertions you analyzed.
Analyze the Budget-to-Actual reports in the local government ACFR for at least three indications of budgetary and fiscal compliance, such as significant or non-significant variances. Provide the implication for the local government of each of the three indications.
Analyze the local government ACFR for at least three local government finance-related legal or contractual requirements. Provide an example of each of the three requirements.
Use at least three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment:
Analyze the financial reporting of a local government for specific indications of budgetary and fiscal compliance.
The Town of Cary is used for this assignment. The link is:
https://www.carync.gov/home/showpublisheddocument/31907/638374880796730000