Attached.

Running Head: ADVANCED TAXATION

1

Advanced Taxation
Name
Instructor
Institutional Affiliation
Date

2

ADVANCED TAXATION
Part 2
Business Entities

Tax forms and

Deadline the tax

The address to mail

The IRS

schedules to report

forms must be

the paper return

publication for

income to the IRS

filed

for the State of

information on

Colorado

Federal income tax

Sole

A sole proprietor

The deadline is

If the sole proprietor

Publication 334

proprietorship

files Schedule C to

April 15th.

does not include the

provides tax

report income to the

payment, he/she

information for sole

IRS on Form 1040.

should file it to the

proprietorship and

Furthermore, a sole

Department of the

other small

proprietor that earns

Treasury

businesses.

more than $400

Internal Revenue

should file Schedule

Service

SE for Form 1040

Ogden, UT 84201-

or 1040-SR.

0002.
If the payment is
included, the form
should be filed to the
Internal Revenue
Service
P.O. Box 802501
Cincinnati, OH
45280-2501.

3

ADVANCED TAXATION
Partnership

A partnership files

15th day of the

Department of the

Publication 541

its income and

3rd month after

Treasury

offers additional

expenses on Form

the partnership’s

Internal Revenue

federal income tax

1065. Although the

tax year that is on

Service Center

information for

partnership does not

15th March.

Ogden, UT 84201-

partnerships.

pay income tax, each

0011

partner gets
Schedule K-1 that
shows the
distributive stake of
each partner’s
expenses, income,
and other items
(Andrews, et al.
2018).
S corporation

Unlike the

15th day of the

Department of the

conventional

3rd month after

Treasury

corporations that file

the partnership’s

Internal Revenue

Form 1120, an S-

tax year that is on

Service

corporation files its

15th March.

Ogden, UT 84201-

return on Form.
Most expenses and
income of an S-

0013

Publication 542

4

ADVANCED TAXATION
corporation are
given to
shareholders on
Schedule K-1.
C corporation

A C-corporation

Department of the

Publication 542

files their returns and 4th month- 15th

Treasury

provides information

expenses on Form

Internal Revenue

regarding taxation

Service

for C corporation

Ogden, UT

(Barkoczy, 2016).

1120.

15th day of the

April.

84201-0012
Part 3
Memo
To: The Tax Preparers
From: Daniel Mackey
Date: February 22, 2020
Subject: Certification and Annual Requirements for Maintaining Certification
Every year, tax preparers assist millions of individuals and entities in preparing and filing
their taxes to the ...