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 Va Pte  Form 2014

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Yo yo to CPA strength back again the strongest CPA guy anyway we're going to do we're gonna talk about Kate ones right now we're just gonna talk about what it is where it comes from a pass-through entity big pass-through entities are s corpse and partnerships we're going to focus we're going to focus on k1 from an S corp today an 11 20s okay now it's called 1120 s and S Corp I should put escort is a pass-through entity meaning the entity itself doesn't pay taxes on the income or loss it passes through to the shareholders, and it passes through via a k1, so I'm going to show you one second, but you're going to have you're going to have your 1120s tax return, and then it's gonna then the shareholders are going to get K ones from the income or loss from the pass-through entity from the 11 20s and those K ones are going to go through to the shareholders personal tax returns so let's go we have 11 20s it files its own tax rate it's going to file its own tax return, so we have the 1120s the

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