2015-2024 Form

Instructions and help about Schedule E Cash, Bank Deposits & Misc Personal Property REV 1508 FormsPublications

okay for this next video we're going to go over the schedule e1 so schedule e1 is part of the schedule e so schedule e1 is used to disclose taxes paid accrued or deemed paid on emp of that forum corporation okay so if we look at our required information chart here see when is this required we can see here these two line items they are separately stated we have schedule e and then schedule e1 right included with a separate schedule e so when is the e1 included e1 is required when we have 1a 1b or a 4 5 a 5 b filer right so if we have one of those types of category of filers then we need to include the e1 schedule now similar to the last video that we just watched on schedule e e1 is going to be blank right so in this example the fact pattern we're working with the foreign corporation doesn't have any foreign taxes paid or accrued uh in the cayman islands or any other jurisdiction for that matter nor do they have any lower tier subs that would be passing up p-tip and any kind of foreign