How to File Form 1120 for 2022 - Lawncare Business Example

[@Team8LA]

Thank you, so helpful. Please show different business types and scenarios, million thank you!!

[@yashgamingsingh523]

Thanks you very much and update my self and it is very helpful for tax

[@tapanshah2831]

Thanks

[@Skillanz]

Hi Jason, a big hug & subscribed your channel for such informative stuff. I live in the UK and own SMDE LLC to operate an Amazon FBA business, but I haven't had any business yet. Where should i mention the reportable transaction (Registered agent & LLC fee etc) on F1120 & 5472? Do i need to file form 1040NR as i don't have ITIN? I'm looking forward to hearing your valuable comments.

[@emanuel617]

Hi Jason, I appreciated for all of your content shown in your channel. Is there any video about startup/organization costs over the 5k tax allowed along with adjustments for M1 Sch on the 1120? Thank you in advance

[@trixiamaeroa2707]

Same question

[@Horsedillon]

Hi, Jason. I am the sole owner of a C-Corporation. The only income that I received in 2022 was from investments. I received a 1099-Div from the investment company. Box 1a $1,306.96, box 1b $1,306.96, box 3 $5,379.12, and box 7 $66.96. My question is, where on the 1120 do I enter these numbers? Thank you!

[@incometax6079]

thank you

[@latonyasmith5465]

Hello, do you have any printable scenarios?

[@SheryMalik936]

Hi Sir, have you made any video on foreign owned llc filing form 5472 re-portable transactions????

[@JasonDKnott]

Yes! We have a video posted with an example Form 5472 for a foreign owned disregarded entity. You can see the video here: kzbin.info/www/bejne/ZmiQdWaGicZqeNU

[@Hotpepper2005]

What software do you use? I like your software. Unlike some transactions, it doesn’t show in my Lacerte unless I have to type in manually…

[@JasonDKnott]

We use Drake Tax Software to prepare our tax returns.

[@Hotpepper2005]

@@JasonDKnott Thank you. As for the other SCorp videos of yours (excess distribution over the basis), I have a diagnosis of m2 and Sch L. How can you balance in the return without being effected in k-1?

[@MrTriniboy98]

Hi Jason, I live in Canada but I incorporated a business in Delaware in March 2022 but I have no income to claim for. And there’s only one owner which is me. Do I just need to put zeros on the specific lines?

[@hopedeleon8806]

for Line 12 for officer wages- Is this for officer that has w-2?

[@JasonDKnott]

Yes! Line 12 represents the W2 wages paid to officers of the corporation.

[@hopedeleon8806]

@@JasonDKnott Thank you for your input!