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Form IL 1120 ST, Small Business Corporation Replacement Tax Return Tax Illinois

Form IL 1120 ST, Small Business Corporation Replacement Tax Return Tax Illinois

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Instructions and help about Form IL 1120 ST, Small Business Corporation Replacement Tax Return Tax Illinois

okay for this video i wanted to go through a very simple tutorial on how to complete an initial year form 1120s for an s corporation so the example we're going to be going through like i said it's going to be very straightforward just some simple income and expenses a couple of shareholders and so we're going to walk through the return we're going to look at the financial statements we're going to look at the fact pattern itself and i'm going to go through not only the financial statements but each part of the return and the k1s and show you how these things should be populated and completed so i've got a couple of items in front of us we've got obviously the 1120s itself and i do have one slide here with the very simple fact pattern that we're going to be working with how the company was formed who are the owners and some high level what are the income and expenses and then i've also got an excel spreadshe

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