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F 1120 Form

F 1120 Form

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now the schedule m2 it has a similar function okay and this line here on the balance sheet line 25 retained earnings can be broken out a couple different ways whatever is on the company balance sheet it may not be the same or actually excuse me it you may have other things that the irs wants to know about that account than are showed that are shown on the schedule l so when you fill out this tax return right picture from the irs perspective is there like okay you have a hundred and seven thousand dollars of retained earnings with a c corporation you're not supposed to build up too much cash right without taking it out they have accumulated earnings rules so the irs might want to know a little more about that account so the schedule m2 is going to say okay here's the net income here's the distributions this is how much was taken out in cash by the owner okay you transferred some stock to a different party those kind of things that affect this particular account o

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