Description
Turn corporate financial statements into a completed tax return. Each case includes books and supporting documents so you can work through the adjustments between book income and taxable income.
What’s Included
- 10 fictional C corporation scenarios with financial statements and supporting client documents.
- A 4-page Form 1120 Return Blueprint and a blank 4-page Corporate Client Organizer.
- Completed federal Form 1120 and state return links for every scenario.
How You’ll Use It
Review the client facts and supporting documents, prepare the return in your own tax software, then compare your work with the completed returns. Trace any differences back to the source documents.
View All Scenarios
- First-year corporation and startup costs.
- Inventory and depreciation.
- Personal service corporation and cash method.
- Equipment sale and a Texas return.
- Dividends and charitable contribution limits.
- Loss year and FICA tip credit.
- Research costs and a California return.
- NOL carryforward and a Michigan return.
- Shareholder loan and a Colorado return.
- Schedule M-1 and M-2 capstone with an Arizona return.
Who It’s For
Preparers learning C corporation returns or wanting more practice with financial statements and corporate adjustments.
Format & Details
Digital practice pack • Tax year 2025 • One preparer per license. Tax software is separate.
