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Omb 1125 0003 Form

Omb 1125 0003 Form

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What is a W-9 tax form? What is a W-9 tax form?

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okay so in this video i wanted to cover the irs form 1125a this is a form that's included with a variety of different types of tax returns and it's used to reconcile your cost of goods sold calculation you would have a cost of goods sold calculation if you're a business that keeps inventory right so if you have beginning inventory ending inventory uh the movement in those accounts during the year is generally your cost of goods sold expense that's deducted on the tax return okay so 1125 um it can be filed with an 1120 1120s or 1065. it's the same version of the form um we have an example here that we'll go through as well for an e-commerce business but again it's the same type of form uh regardless of whether it's being applied to an 1120 corporate return s corp return or if you have a partnership okay so let's look at an example here the company has beginning of the year inventory of 150 000 jan 1 2020. during the year the company purchased new inventory of 75 000 and then at the end

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