Complete pages 2 and 4 of the tax form 1120? The information below provides details
Additional Details: Schedule C: Dividends and Special Deductions
- Dividends were received from Big Labs. Phoenix Medical holds a 15% ownership of Big Labs.
Schedule K Information:
Line 2. a. Business Activity Code: 621111
b. Business Activity: Medical
c. Product or Services: Skin Care
Line 3. Not a subsidiary.
Line 4. a. Not owned by a foreign or domestic entity.
b. Owned equally by three individuals (33.33%).
Line 5. Not an owner of 20% or more of a foreign or domestic corporation or partnership.
Line 6-11. No.
Line 12. NOL carryforward of $1,535,624 is available to offset 2014 income.
Line 13 & 14. No.
Line 15. Yes and Yes.
Line 16-18. No.
Attachment:- Assignment Files.rar