FREE PDF FILLER FORM 1120S 2017 PRO

If the corporation has assets and gross receipts of at least $250,000, you are required to complete Schedule L and will not enter the Total Assets on this menu. Total Assets - Enter the Total Assets of the corporation if the entity is not required to complete a Schedule L (as determined by the accounting method regularly used in keeping the corporation's books and records). Exit the menu to be taken to the Heading Information Menu. From this menu you may also enter an optional e-mail address for correspondence from the IRS to the corporation. This information is required and must be entered in order to electronically file the return. Enter the Name, Title, and Contact Phone Number for the Officer of the corporation that is responsible for the filing of the tax return. Step 4 – Name & Address Menu - The corporation information that you have entered will be displayed in this menu. Step 3 – Form 1120S – Company Information Menu - Enter the corporation's Name, Address, and the Date of Incorporation (which is the date the Articles of Incorporation were filed with the state of incorporation).

You will be queried if you want to create a new return. Step 2 – Enter the EIN of the S Corporation.

FREE PDF FILLER FORM 1120S 2017 PRO

Step 1 – From the Quick Menu of TaxSlayer Pro select Business, then 1120S – S-Corporation Return.

When applicable enter the Balance Sheet and reconcile Book Income (Loss) to the tax return (Steps 19-22).

Enter the information on the K-1 for the various shareholders (Steps 15-18) and.

Enter the various income, deductions and items being distributed to the shareholder (Steps 8-14).

Enter basic information about the corporation and the return (Steps 1- 7).

Specifically, the preparer needs to address each of the following areas: A 1120-S return has four basic areas that need to be completed, each of which will be covered below.

This publication contains line by line instructions detailing the transactions that need to be entered on each line of the 1120-S return. To assist your preparation of an 1120-S return review the IRS instructions for Form 1120-S, US Income Tax Return for an S Corporation. Creating a basic return for a Subchapter S Corporation is done in the Business Program of the TaxSlayer Pro by following the steps below.

Free pdf filler form 1120s 2017