Business Entities
A Corporation files this Federal tax form with the IRS
What is a 1120?
An Individual typically files this federal tax form to the IRS to report their taxable income for the year.
What is a 1040?
I am due by April 15th
You can fill me out using a pro (like all of you) or do it yourself
I report your salary, wages, taxable interest, any investments and any other income
What is Form 1040?
I own a farm and would let you ride my tractors.
Who is Ronny?
What's the basketball tournament going on down the road?
What is the SEC tournament?
A consolidated form that reports all subsidiaries in an affiliate group.
What is Form 851?
This is the three tax rates for capital gains.
what is 0, 15, and 20%
I am a non-profit. What form do I file my tax return on?
What is Form 990?
How do you spell the potential new office building in Germantown?
What is N-E-U-H-O-F-F?
The world's largest fast food restaurant famous for their clown mascot
Who is McDonalds?
A tax election that allows you adjust the basis of the property within a partnership when a partner sales their interest to an outside investor or is redeemed.
Bonus: Name the two IRC Sections.
What is a 754 Election?
Bonus: 734(b) & 743(b)
This individual recently plead guilty to tax evasion and other tax crimes
Who is Hunter Biden?
I am an entity that has a financial interest in or signature or other authority over at least one financial account located outside the United States. What form do I need to file to avoid a $10,000 failure to file penalty?
What is FBAR?
I am the person that you reach out to for State Income Tax Questions, along with Brian.
Who is Anna Cronic?
What is the highest mountain in the USA?
Denali
This form is required during an asset purchase and allocates assets based on there classes.
What is form 8594?
To list allowable expenses on your personal tax return
What is itemizing?
Non-W2 taxpayers who earn or receive money throughout the year pay this type of tax so as not to owe anything or too much at the end of the year
What are quarterly taxes?
How many cubicles are in the office?
What is 10
This is the only continent without deserts.
What is Europe?
This was the federal tax rate for all US corporations before the Tax Cut and Jobs Act.
What is 35%?
Which is more valuable- a $1 tax deduction or a $1 tax credit?
What is a $1 tax credit?
The Seller and Buyer need to file me with my federal tax return when I acquire another business.
What is Form 8594?
Name 5 Nashville Advisory Team Members. (Brandon doesn't count since he is Office Managing Partner.)
Who is...
Bryant, Jessica
Casper, Jones
Davis, Scott
Deason, John
Eshleman, Kurt
Felix, Cat
Hanus, Breanna
Keller, Austin
Langemeier, Logan
Maier, Emily
Mark, Adam
Milliet, Mindy
Ollinger, Elison
Patel, Heta
Pryhoda, John
Robinson, William
Sandell, Jesse
Sherrill, Samantha
Spray, Josh
Swigor, Chad
Wiley, Alexis
Zotti, Chris
Who was the 27th President of the United States.
Bonus Points if you can name the VP.
Who is William Howard Taft and Who is James S. Sherman?