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Option #2: Partnership Tax Returns

Review the grading rubric below to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.

Because it is important for accountants to demonstrate the filing requirements for specialized tax returns, for this final project you will be completing a partnership tax return and provide an analysis of the ethical considerations related to tax preparation involving partnerships.

Key Component:

Use the financial data from below to complete Form 1065.
Complete the Student Template (found in Module 8 under this assignment) that has the respective tax forms and schedules required to complete the return. Complete all the parts of your respective business tax return for which there is information.

Click this link to download Form 1065 (Links to an external site.) from IRS.gov. Complete the return for BADEC.

In a separate document, prepare an analysis of the ethical considerations related to tax preparation involving partnerships.

1. The purpose of some questions on Form 1065 Schedule B with the exception of line 1. (You may select a sub-grouping of these questions to complete your milestone.)
2. The challenges (identify three to five) you faced, both anticipated and unexpected, when completing the partnership tax return.
3. Solutions you can provide to those challenges.

Requirements:

Submit 1) your tax return template and 2) your analysis of the ethical considerations related to tax preparation involving partnerships. Your paper must be formatted according to the CSU Global Writing Center.

Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment. Note: Save the .docx file as a .pdf when submitting so that all information will be viewable.

BADEC Partnership
12/31/2016
Assets
	Cash		$485,600
	Computer		$7,000
	AccDep-Computer		$(1,745)
	Furniture		$3,000
	AccDep-Furniture		$(321)
	Land		$50,000
	Total Assets		$543,534
Liabilities
Equity
	Capital-Anderson		$57,299
	Capital-Bacon		$171,898
	Capital-Cox		$114,599
	Capital-Day		$57,299
	Capital-Elders		$40,840
	Capital-Fawcett		$85,679
	Capital-Gonzalez		$15,920
	Total Liabilities plus Equity		$543,534