Stratege4u Corp has $300,000 in taxable income.  Bernie, Bev,

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Stratege4u Corp has $300,000 in taxable income. 

Bernie, Bev, Benji & Bernardo are equal partners in Stratege4u Partnership.  The partnership net profit is $550,000.

  1. Compare and contrast the advantages and disadvantages between a C-corporation and a general partnership. What tax forms you should file with the IRS to report the taxable income or income for Stratege4u Corp and Stratege4u Partnership if you were their tax expert?
  1. If you were the tax expert for Stratege4u Corp, what amount of tax liability, if any, you would inform Stratege4u Corp that it owes to the IRS for tax year 2022 based on the above scenario?
  1. If you were the tax expert for Stratege4u Partnership, what amount of tax liability, if any, you would inform Stratege4u Partnership that it owes to the IRS for tax year 2022 based on the above scenario?
  1. If you were the tax expert for Bernie, how much income (dollar amount), if any, you would inform Bernie that she has to report on her (1040) tax return for tax year 2022 based on the above scenario?

Please include a bibliography to cite your sources.

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