Question
The income and expenses of a corporation for federal income tax purposes are referred to as what type of income



Question 1 of 75. The income and expenses of a corporation for federal income tax purp O Book. O Nontaxable. O Accounting. Tax. □ Mark for follow up Question 2 of 75. The Form 1120S balance sheet is presented on what schedule? 0 Schedule J. Schedule K. O Schedule L O Schedule M-2 Mark for follow up Question 3 of 75. Complete this sentence. The purpose of Form 7004 is to: O Report the income and expenses of a C corporation. O Report the income of an S corporation. O Request a Form 4797 to report gain or loss for a corporation. O Request an extension of time to file a business return Mark for follow up
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Answer #1

Q1) Please question is not complete.

Q 2)

Answer : "Schedule L"

=> The purpose of Schedule L of Form 1120S is to provide the IRS with the balance sheet informations like assets, liabilities and equity of the S Corporation.

Q 3)

Answer : "Request an extension of time to file a business return."

=> Form 7004 is the application for automatic extension of time to file certain business income tax and other returns.

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