Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / amended-return-instructions-memo.docx
amended-return-instructions-memo.docx
Parties
Harkness LLP
Penterra Pharmaceuticals Corp
Amended Federal Inc
Corporation Inc
Associates LLP
Net Inc
Certain Foreign Corp
Personal Service Corp
Dates
April 5, 2024
March 29, 2024
December 31, 2017
December 31, 2020
May 31, 2024
March 15, 2024
January 18, 2024
February 22, 2024
March 22, 2024
October 12, 2023
Amounts
$47,600,000
$380,400,000
$10,000,000
$2,840,000
$15,977,000
$12,840,000
$11,200,000
$3,920,000
$100,000
$3,000
Obligations
However, the amended returns must reflect the actual statutory rate applicable to each tax year — specifically, 35% for TY 2017 and 21% for TY 2018–2020
Corporation Income Tax Return) must be prepared and filed for each of the four tax years covered by the Closing Agreement: 2017, 2018, 2019, and 2020
The reconciliation of income (loss) per books with income per return must be revised to reflect the additional income arising from the transfer pricing adjustment
Form 5471 is required to be filed by PPC with respect to PBI under IRC § 6038 and § 6046