Reference no: EM13982550
Please I need this tax return solve using the form 4626 from 2015 from the IRS.
Please attached the tax return as a pdf file when finished.
King Corporation, an accrual method taxpayer, reports the following results for 2014:
|
Regular taxable income before regular tax NOL deduction
|
$800,000
|
|
Minus: Regular tax NOL deductionRegular taxable income
|
(200,000)
$600,000
|
|
Alternative tax NOL deductionAMT depreciation adjustment
|
$175,000
$148,000
|
|
Personal property acquired eight years ago and sold this year:
Acquisition cost
|
$50,000
|
|
Regular tax depreciationAMT depreciationIncrease in LIFO recapture amount
|
$38,845
$26,845$75,000
|
|
Tax-exempt interest income:
Private activity bonds (not issued in 2009 or 2010)
Other bonds (not issued in 2009 or 2010)
Dividends received (less than 1% ownership)
Dividends paid
|
$31,000
$33,000$120,000$110,000
|
|
|
|
|
|
|
King is not a small corporation exempt from the alternative minimum tax (AMT), and it has no AMT adjustment for the U.S. production activities deduction. Regular taxable income includes$35,000 of Sec. 1231 gain from a prior year installment sale on which King's total realized gain was $350,000.
Regular taxable income also includes $39,000 of Sec. 1231 gain from a 2014 installment sale on which King's total realized gain is $195,000. King's ACE adjustments for prior years are a net positive $500,000.
Prepare Form 4626 for King Corporation to report its 2014 AMTliability (if any).
Form 4626 can be found at: https://www.irs.gov/pub/irs-pdf/f4626.pdf
|
Why would the temperatures be different at the same levels
: Calculate parcel temperatures for all windward and lee-side levels and explain your calculations and what would happen to the parcel (size, Ta, relative humidity [RH]), and how would it change as it ascends the windward side and descends the lee si..
|
|
Do you agree with the court in the hale decision
: Hale v. Walsh (1987): do you agree with the Court in the Hale decision that his firing violated the liberty interest established by joining the union? Explain why or why not
|
|
What is the speed of the first and second missile
: A spaceship leaving Earth traveling to a distance 2.4 lightyears away at a speed of 0.6c. At the halfway point the spaceship launches the two missles one towards the distant planet and one towards earth both traveling at 0.8c but in opposite direc..
|
|
What is the angle of second-order diffraction
: The spacing between atomic planes in a crystal is0.120nm. 12.0keV x rays are diffracted by this crystal. What is the angle of first-order diffraction?
|
|
Prepare form 4626 for king corporation
: Prepare Form 4626 for King Corporation to report its 2014 AMTliability (if any) - tax return solve using the form 4626 from 2015 from the IRS.
|
|
How is the fear of natural disasters different from other
: Support your paper with a minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
|
|
Why deconfined monopoles present in some 3d lattice models
: Surprisingly, in some phases, but not all phases, the analog of topological solitons, or at least what can be interpreted as them, also emerge over lattice models. Why is that? There is no nontrivial homotopy over a lattice. Why are there some pha..
|
|
What is the overall tone of the poem
: what is the overall tone of the poem? How does he feel about the two paths in front of him? How do you personally relate to this poem
|
|
How does something about mass energy tensor alter geodesics
: Space isn't moving so as to push or rotate mater. Surely it's curvature it's just a map of the rotations in (light and) matter's 4-vector? How does something about the mass energy tensor alter geodesics or 4-velocity vectors? I see no explanation ..
|