Form-1120S-Corporate-Tax-Return

Form 1120S is used to file your corporate tax return for an S-Corporation.  This business tax return reports all of you income and deductions for the year to the IRS.  If you have questions about how to prepare and file form 1120S, please contact Austin and Larson Tax Resolution to speak with one of our tax return specialists.   Corporate Tax Returns So you have decided to make the plunge into being an entrepreneur and formed a S Corporation.  One of the most important things to know about running your business is how to file your corporate tax return.  What can you claim as a deduction from your business and where do the deductions go on your corporate tax return? The IRS defines a S Corporation as a “corporation that elects to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes”.  To qualify and open a S Corporation you need to do all of the following: Be a domestic… Read More

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