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 1120x 2016-2023

1120x 2016-2023

Use the form 1120x 2016 template to simplify high-volume document management.

Used on original return. If same as above, write “Same.” ▲ Internal Revenue Service Center where original return was filed Fill in applicable items and use Part II on the back to explain any changes Part I (a) As originally reported or as previously adjusted Income and Deductions (see instructions) 1 Total income . . . . . . . . . . . . . . 1 2 Total deductions . . . . . . . . . . . . 2 3 Taxable income. Subtract line 2 from line 1 . . . . 3 4 Total...
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Instructions and help about irs 1120x form

Hey what's up guys this is Josh with CPA on fire and today we're going to look at how to fill out form 1120s which is the tax return for S corporations okay so the only people that would be using this form are people who have made an election to be taxed as an S corporation so we'll look at the beginning here you just go over the basic info part a wants to know your s lection effective date this will probably be January 1st of whatever year you made the election okay so let's assume that it was for this year all right so one 114 Part B wants to know your business activity code and this is just a code that describes what you do in your business you can find these online if you google tax code or a business activity codes it'll be a list from there for you there's tons and tons of them so you'll have to sort through and find yours ID you're using tax software it's probably going to give you a choice of them so for now it's a six digit code we're just going to use the one for other busine

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