INSTRUCTIONS FOR FILING 2010 U.S. CORPORATION INCOME TAX RETURN April 08, 2011 SIGNATURE: An authorized officer of the corporation should sign and date the return at the bottom of the first page. FILING: File your 2010 Form 1120, U.S. Corporation Income Tax Return, (or Form 1120-H, U.S. Income Tax Return for Homeowners Associations) with: Department of the Treasury Internal Revenue Service Center Cincinnati, OH 45999-0012 File your 2010 Form 1120/1120-H on or before: March 15, 2011 The
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calculation of Form 1120 & Form 4562 Note to Instructor: Part A requires the completion of pre-tax financial statements. This requirement may only be appropriate for accounting majors. You may wish to provide these statements to your students if you expect them to complete only the tax return in part B. Part A: Following are the before-tax financial accounting income statement and balance sheet for Snap- It-Open Corporation as of December 31, 2008 Snap-It-Open Corporation Income Statement
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Tax Return Problem 1 (TRP 1) Corporate Tax Return Information The Snap-It-Open Corporation incorporated and began operations on January 15, 2002. Its address is 3701 Commerce Drive, Baltimore, MD 23239. Its employer identification number is 69-7414447. It elects to file its initial tax return for 2002 as a calendar-year corporation and uses the accrual method of accounting. It elects the LIFO method of inventory valuation. Jason Sprull (SSN 333-33-3333) and Martin Winsock (SSN 555-55-5555)
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