Description
Hi! I have a partnership tax return assignment that's about 90% finished. I just need someone to review it, complete the remaining schedules, and make sure everything is correct before I submit it.
Assignment: Complete a Form 1065 Partnership Return using the provided Prima Donna Partnership case. The professor requires all necessary schedules, any required attachments, and a short list of assumptions/judgments made while completing the return. Form 4562 is NOT required.
Grading Rubric (50 points):
- Book-to-tax differences & ordinary business income (15 pts)
- Separately stated items & Schedule K-1s (10 pts)
- Balance Sheet & Capital Accounts (15 pts)
- Completeness (all required schedules/forms attached) (10 pts)
What I've already completed
- Form 1065 (mostly completed)
- Schedule K
- Schedule B
- Schedule B-1
- Form 1125-A (Cost of Goods Sold)
- Schedule K-2 (if needed)
- Most calculations are already entered.
What still needs to be done
- Complete Schedule L (Balance Sheet)
- Complete Schedule M-1 (Book-to-Tax Reconciliation)
- Complete Schedule M-2 (Partners' Capital Accounts)
- Prepare both Schedule K-1s (one for each partner)
- Double-check the return for any missing required attachments or corrections
- The attached PDF's: [ANSWER 1-5] is the completed stuff already. and [the prima donna] pdf attached is the data you need to use.
- I'm mainly looking for someone to finish the remaining schedules, review everything for accuracy, and make sure it's ready to submit.