Complete the following for this assignment:
Prepare a 1120 U.S. Corporation Income Tax Return as Jim’s Auto Body, Inc.
Complete the appropriate schedules in the 1120 and Statement 1 – Other Deductions.
Prepare a 1065 U.S. Return of Partnership as Jim’s Auto Body, LLC.
Complete the appropriate schedules in the 1065, Statement 1 – Other Deductions and the 1065 Schedule K1 for Jim.
Note: This project is to be completed without the use of tax preparation software. Use of tax preparation software is considered cheating and is grounds for a failing grade.