How to fill out a self-calculating Form 1120, Corporation Tax Return with depreciation schedule

[@toryroddy5568]

Thank you so much. I have been looking for a week for a video to make this simple like this. I am a accounting student and you helped more than my teacher.

[@o0XMzMayX0o]

I have been searching of some type of explanation of the schedules M-1 M-2 and L just to kind of understand what is going on and after a long long long time of searching and even paying for courses you are the one that explained it very well. Thank you for that.

[@andrewooten8298]

Great video, this has helped me so much on my 1120 Federal Tax return. Thank you!

[@joeyg283]

Another excellent video. Thank you for creating this, and helping viewers better understand an 1120 tax return.

[@JacqueStrode]

Super helpful. I needed this 5 months ago.

[@Noig117]

Hi, just curious how do you access your pdf forms in the way which allows you to type in your numbers/information? this will be my first year filing form 1120. Trying to figure out how do I efile as well. THANKS for the video!

[@pdftax8031]

www.pdftax.com/

[@MUDEELLYMN]

THANKS. Can i use the same way with form 1120-S (depreciation schedule) ?????????? thanks

[@pdftax8031]

Yes.

[@MUDEELLYMN]

@@pdftax8031 thank you so much

Hi, thanks for the great content. One question though: I realize that you somehow make the increase in assets equal to taxable income (Shecule L, line 15 b and d, i.e. beginning and end of tax year assets). Is this a necessity? Because your self calculating pdf does not give any error messages when the increase in assets from the beginning and end of the tax year does not equal to taxable income. Thanks

[@doubletax1006]

Can you do a video on form 2553 and form 1116

[@ricardohernandez5399]

Excellent video! Question, for a single member corporation with a first year loss. Should the tax return be filed as C or begin S corp election and be taxed as so? Thank you

[@pdftax8031]

If you filed with the IRS to be taxed as an S corp you should file 1120S.

[@msblackgold111]

Thank you, trying to balance. This was helpful.

[@garylillich]

Great idea. The website does not navigate easily. How get prior year 1120 forms?

[@pdftax8031]

www.pdftax.com/PriorYear/PriorYearSelect.html

[@Almostth3R]

Did you say you were able to find the 2017, self calculating document on the irs.gov website?

[@pdftax8031]

Try this: www.pdftax.com/PriorYear/PriorTax17.html

[@AKGDirector]

pdf.com when he said that I went that site and found all of the forms

[@kwood8766]

What wages get used for labor if 401k was involved? Do you use reg wages or social security wages for the deduction? Thanks. Great video

[@pdftax8031]

Use regular wages.

[@kwood8766]

@@pdftax8031 thank you for response. Can you explain why the smaller amount of regular is deducted and not the social security wages that shows the larger amount that was actually paid out to employee?

[@SACTAXEXPERTS]

JOHN HOW DO YOU GET THIS SELF CALUCATING TAX RETURN FORM THE IRS

[@pdftax8031]

pdftax.com/

[@jiorphia]

If a C Corp (parent company) is a single member of an LLC (subsidiary), would you also attach the Form Schedule C to this corporate tax return?

[@pdftax8031]

Schedule C is only attached to form 1040.

[@johnguo4217]

I have a small company. Do you help to fill 1120 form? How much cost? Thank you

[@sierrasracing]

do you have the 2019 and 2020 1120 form available

[@pdftax8031]

www.pdftax.com/PriorYear/PriorYearSelect.html

[@baldbutcher2692]

Hi I'm curious if we have to put our social security number on filing 1120 do we get K1

[@pdftax8031]

Not with 1120. There is no K1 with 1120, but there is with 1120-S.

[@pathwaysnaturalhealing]

Wow. Thanks a bunch. Really helpful!

[@garylillich]

On the forms, how do I see the price before going to Paypal?

[@pdftax8031]

Need to go to PayPal first. You can cancel any time.

[@garylillich]

Suppose one has all data on a schedule C, how difficult to use that data to complete an 1120?

[@pdftax8031]

Should be pretty straight forward.

[@karsenlin7073]

After you fill out this 1120 Form,then how to submit the 1120 form to IRS to complete Federal Business Tax Return?

[@pdftax8031]

Print it out and mail it. The mailing instructions are in the form instructions.

[@budfox4784]

Hi John, are you a CPA as well -- filing taxes for clients or no?

[@pdftax8031]

I used to do that but not now.

[@budfox4784]

@@pdftax8031 Ok. If you change your mind, feel free to reach out. I own a small business...StaySafe!

[@marinamorales8980]

Can you provide a link to the IRS or fix the 2016 link it does not work Please

[@pdftax8031]

Not sure which link you're referring to?

[@choco.es.unlimited]

Very clear and precise

[@pdftax8031]

Glad you liked it

[@karsenlin7073]

Or I can just print out the completed 1120 form,then mail it out to IRS?

[@pdftax8031]

Yes you can. The mailing instructions are in the instructions for the form.

[@gjefferson25]

Hello, my total deductions are higher than my total income, do I enter 0 for taxable income?

[@pdftax8031]

No. enter a negative amount. You probably have a net operating loss that can be carried forward to next year.

[@christiancalderon3821]

Which line i find cost of operating?

[@pdftax8031]

Expenses go on lines 12 to 26 unless they are for cost of goods sold, then they go on schedule 1125-A.

[@coreyanthony4782]

Very Helpful thank you

[@pdftax8031]

Thanks.

[@stacyhackney6100]

Thank you

[@buzznorcal]

Brilliant!

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