Question: Attached is an Excel spreadsheet which includes the Adjusted Trial Balance of Dakota Services Company which is owned equally by Chrina Jones and Samuel Smith.

Attached is an Excel spreadsheet which includes the Adjusted Trial Balance of Dakota Services Company which is owned equally by
Chrina Jones and Samuel Smith. The Business started operations May 1,2023 and still trying to decide whether it wants to operate
As a regular C Corporation (form 1120) or as a Limited Liability Company filing a form 1065. Therefore you are asked to complete a
FORM 1120 and a FORM 1065 so the Owners can better decide which style entity they want to choose moving forward.
PLEASE FILL OUT BOTH TAX FORMS
 Attached is an Excel spreadsheet which includes the Adjusted Trial Balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!