Federal Income Tax Accounting - Tax return assignment

VADER MAUL & CO. CERTIFIED PUBLIC ACCOUNTANTS

MEMORANDUM

DATE: January 26, 2015

FROM: Jabba D. Hutt, Tax Partner

TO: Droid 3327

MATTER: Count Dooku Tax Compliance Calendar

Exactly three months ago our friend Count Dooku took residence in Santa Teresa, NM. Count Dooku lived in a remote galaxy for several decades and is looking for current tax guidance for this part of the planet.

Count Dooku owns all of the shares of the Endor Brewing Co., a beer garden and deli located in Montecillo (N. Mesa Street, El Paso, TX). The Endor Brewing Co. was incorporated in Texas on November 10, 2014, and will be taxed as an “S” Corporation. Count Dooku hired a few independent contractors to finish the facilities in early December. A week before Christmas, Count Dooku hired a manager to begin preparations for tomorrow’s Grand Opening.

On January 15, 2015, he opened the doors to a new business by the name of Count Dooku d/b/a Imperial Massage Parlor. The business is located on the second floor of the same building where Endor Brewing Co. operates. Business is great and if all goes as planned, he will have to double the staff by January 31.

Lord Vader, founding partner of the Firm, has personally selected you for this assignment. You are to prepare a calendar showing all dates of possible tax consequence for Count Dooku and his two businesses. Since you are new to the Dark Side, I should remind you that Lord Vader is very precise in his word selection. If Lord Vader said all, it’s because he means ALL dates and ALL taxes.

Your written answer is due on April 27, 2015, the date of Lord Vader’s scheduled return from the Death Star Office. Be prepared to discuss findings on that day should Lord Vader see fit to call on you.

Remember that the last droid in your position is scattered in the scrap yard for performing below expectations. Accordingly, do not wait until the due date to request additional data or discuss with me any information that you consider important for this task.

You don’t know the power of the Dark Side!