Write 3-5 page paper in which you do the following:Identify at least three errors or omissions on the Zeus, Inc.’s Form 1120: U.S. Corporation Income Tax Return 2020 [PDF], justifying selections with IRS codes, IRS regulations, court cases, or FASB statements.Explain the criteria that requires the use of M-3 and describe how it is more beneficial to the financial statement user.Explain at least two IRS approved methods available to Zeus Inc. to make estimated tax payments, explaining and justifying the preferred method.Explain the relationship of a corporation’s tax year and their financial reporting year, explaining at least two complications. Provide how to mitigate the two complications that might arise in preparing Zeus Inc’s income tax provision for the financial statements.Use at least two quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.Writing contains accurate grammar, mechanics, and spelling in accordance with SWS style.This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.The specific course learning outcomes associated with this assignment:Analyze a corporate tax return to collect the required information for the preparation of a corporate tax return.
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