FORM 1120-S, U.S. INCOME TAX RETURN FOR AN S CORPORATION.
IRS Form 1120S is the tax return filed by corporations that have elected to be taxed as S corporations. This tax form reports the corporation’s income, gains, losses, credits, and deductions, but the corporation does not pay taxes on its net income.
- All K-1’s for shareholders
- Shareholder Basis
- Tax Planning
- Retirement Planning
- Florida form DR601C Intangible tax returns when required
FILE C CORPORATION TAXES 1120 BUSINESS TAX FILING.
A C corporation is a traditional corporation that pays corporate income tax on its profits, with its shareholders paying tax on the salary and dividends they receive.
- Form F1120 Florida Income Tax returns
- Tax Planning
- Retirement Planning
- Florida form DR601C Intangible tax returns when required.
FORM 1065, U.S. RETURN OF PARTNERSHIP INCOME!
Each partner reports their share of the partnership’s income or loss on their personal tax return. Partners are not employees and shouldn’t be issued a Form W-2. The partnership must furnish copies of Schedule K-1 (Form 1065) to the partner.
- Form 1065 Income tax returns
- All K-1’s for partners
- Shareholder Basis
- Tax Planning
- Retirement Planning
- Florida form DR601C Intangible tax returns when required.
Accounting, bookkeeping, and tax tips to help you understand your small business finances.
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