How do I fill out the 1120s aka S-Corp tax form? Let Halon fill you in.

  Рет қаралды 49,950

Halon Tax

Halon Tax

Күн бұрын

Пікірлер: 51
@bettinac.gentry6149
@bettinac.gentry6149 2 жыл бұрын
I must say this has got to be the most detailed 1120 & K1 breakdown I have watched.
@ohsotrue03
@ohsotrue03 2 жыл бұрын
If I could like this 100x I would. THANK YOU. I have watched a LOT of videos on the 1120s and the k-1 and this one is the most detailed...with EVERYTHING...and easily understood!!! I appreciate you.
@anupambarua
@anupambarua 7 күн бұрын
Awesome presentation. I am lucky to watch this great video. Thank you so much !!!
@toyaa3352
@toyaa3352 Жыл бұрын
Thank you very much for your generosity, your time, and all the valuable information.
@alexcolombu1025
@alexcolombu1025 Жыл бұрын
Taxes are easy folks. Just get some books that EA -Enrolled Agents get and study. Soon you will be more competent than the dummies at the IRS, HnR whack, Turbolacks, Jackson Screw it, and the rest of em.
@gleidismazo9250
@gleidismazo9250 2 жыл бұрын
Thank you!!! I love the video. I got answers to my questions. I will keep watching your videos!!!
@HandsOnRealEstate
@HandsOnRealEstate Жыл бұрын
I M so grateful for this video. I’ve been waiting to understand my returns better for so long ! What is Halon, an app?
@GUITSY1
@GUITSY1 3 жыл бұрын
Thanks for sharing this Information it was helpful. One question , If the Business never started , do I put zero in all the boxes? How may of the 11 do I file?
@tonypascente4794
@tonypascente4794 Жыл бұрын
I own 4 companies where 1 of them (service company) is where the payroll is done. All employees are in the other 3 companies where employees work for all 3 companies so there is an allocation. The 3 companies fund the payroll to the company that does the payroll. All taxes are paid by the service company including Form 941 etc. How should the other 3 companies include the amount that they pay to the service company in their tax returns (1120s), Salary broken down with payroll taxes etc? or should that be considered a management fee and all the salaries and payroll taxes shown by the service company in that 1120s filing?
@Axel-vt8no
@Axel-vt8no Жыл бұрын
If I was going to calculate total assets on page 1, how would I do so? Thanks in advanced!
@aaronsweet8032
@aaronsweet8032 4 жыл бұрын
Thanks for video, helped put my toddler to sleep :) informative too
@valleygrove2209
@valleygrove2209 4 жыл бұрын
Thank you for sharing this with us. Much appreciated. How do you carry over a loss from a prior year (LLC / S corporation) into the 1120-S? Please advise. Thank you again.
@mohammedhafiz7967
@mohammedhafiz7967 4 жыл бұрын
Thanks for the video!
@KamalSharma-yc6of
@KamalSharma-yc6of 3 жыл бұрын
this is so important info. Do you similar for Ccorp video?
@gleidismazo3426
@gleidismazo3426 2 жыл бұрын
Great video!!!! Thank you!!!
@helenropalo7808
@helenropalo7808 3 жыл бұрын
This was so helpful!!
@mrsteel10213
@mrsteel10213 5 жыл бұрын
what do we awnser on 10 on schedule b form . i see you marked it no
@kecharakittie
@kecharakittie 4 жыл бұрын
Loved this! Extremely helpful and insightful. Thank you for sharing!
@mickstreeter3728
@mickstreeter3728 4 жыл бұрын
Very nice and spot on. Thank you for producing such an excellent series.
@inezbsmith
@inezbsmith 3 жыл бұрын
Thank you for the refresher course on 1120s now I'm able to do a friend taxes that just became a Scorp
@marquez1469
@marquez1469 5 жыл бұрын
Thank you for share your knowledge
@abits-taxes
@abits-taxes 2 жыл бұрын
Where can I put loss carryover on the 1120s?
@blmt44
@blmt44 3 жыл бұрын
If you k1 says have a w 2 form what does the mean to you.
@NityaVink
@NityaVink 3 жыл бұрын
Amazing. I learned so much. Wow. Thank you.
@upishararuwan1881
@upishararuwan1881 4 жыл бұрын
Great video & very helpful. Thank you!
@jocelynstrong
@jocelynstrong 2 жыл бұрын
Hi Halon Tax. This video was amazing and so helpful. I have one question, I have two officers who only took distributions during the year. I report this on line 7 compensation of officers, but do I also report it on Schedule K 16d? Thanks!
@markkile8215
@markkile8215 2 жыл бұрын
If the shareholders only took distributions, then no amount is counted as compensation of officers as wages, The only amount that goes there are the wages that were reported on Forms W2
@markkile8215
@markkile8215 2 жыл бұрын
If the shareholders only took distributions, then no amount is counted as compensation of officers as wages, The only amount that goes there are the wages that were reported on Forms W2
@kingnuggo9578
@kingnuggo9578 2 жыл бұрын
If I put Gas into the other deductions account, will I still be reimbursed? First time filer here. I want to get as much $$ reimbursed on my expenses as possible. I do mobile detailing, so the gas reimbursement is big for me. How would I go about that?
@ramzeyj7142
@ramzeyj7142 10 ай бұрын
How can I download it ?
@donttread5414
@donttread5414 4 жыл бұрын
"Foreign Transactions" in line 14 confuses me. Some of my income is sources from Canada.
@christalmarotta8535
@christalmarotta8535 2 жыл бұрын
Where is the download section?
@jacquereddick3056
@jacquereddick3056 4 жыл бұрын
This was VERY helpful
@ketocutie2981
@ketocutie2981 3 жыл бұрын
What happened to the balance due?
@roselouissaint1433
@roselouissaint1433 3 жыл бұрын
thank you so much
@smills72
@smills72 5 жыл бұрын
this was so helpful, thank you!!
@myfeedback572
@myfeedback572 4 жыл бұрын
Splendid!
@huetien58
@huetien58 3 жыл бұрын
In quarter 1 2020, I have only month #3 50% declined, am I qualified for quarter
@mariateran221
@mariateran221 4 жыл бұрын
I like this!
@henrygutierrez7289
@henrygutierrez7289 3 жыл бұрын
One question: a corporation was formed on June last year (2020, and no 2553 was filed). Could I file the 1120S now (February 2021) and include the form 2553 with it?
@inezbsmith
@inezbsmith 3 жыл бұрын
Yes you can
@pd5774
@pd5774 5 жыл бұрын
Most of it was good, however, he blew through the 4562 form and only explained 2 lines of it. My return has a 9 lines of information on that form. It would have been nice if he had walked us through the entire form
@aclegacy7
@aclegacy7 4 жыл бұрын
Hi guys I was wondering if you have an extra time right now to help me out to file my client S Corp please let me know ASAP!!!!!!!!
@muhammaddfaheem4566
@muhammaddfaheem4566 4 жыл бұрын
sir can you do e - file?
@walkinwonders5013
@walkinwonders5013 3 жыл бұрын
how to submit 1020 form anyone let me know as soon as possible
@MaryAnglin
@MaryAnglin 4 жыл бұрын
THANK YOU!!
@bobbyevers3290
@bobbyevers3290 3 жыл бұрын
Mickey
@elizabethyulan5931
@elizabethyulan5931 Жыл бұрын
THANK YOU!
@transparentcreditsolutionc975
@transparentcreditsolutionc975 4 жыл бұрын
Thank you!!
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