1120 Tally, Inc. Case Study Facts (CASTAM)
Tally, Inc. is a C Corporation. Prior to this year, the 1120 return was prepared manually. (The data has been simplified for purposes of the exercise.) Tally, Inc. recently purchased a high rise building and owns a retail facility in California. The California sales manager sells some “hard to find” products to a sporting goods supplier in Arkansas each year. Tally, Inc. is not part of a consolidated group, not a personal holding company, and not a personal service corporation. Tally, Inc. uses the accrual method of accounting.
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Case Study Facts/tally_intro.htm/TY2019
Last Modified: 03/19/2020
Last System Build: 06/17/2021
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