The Schedule L is a two-year comparison of the company balance sheet according to the accounting records. If information is entered incorrectly on the main Form 1120S or Schedule M-1, Schedule L ...

The Internal Revenue Service has issued for public comment draft versions of revised Form 1120-F, U.S. Income Tax Return of a Foreign Corporation, and related schedules, including Schedule M-3, new ...

If you, however, are going to file IRS Form 1120-S, you'll particularly want to pay attention to the Schedule's. There are several Schedules that you may need to add to Form 1120, including: ...

Filers of Forms 1120-PC, 1120-L, 1120S and 1065 will begin filing Schedule M-3 with their 2006 tax returns. Form 1120 corporate filers started filing Schedule M-3 with their 2004 returns. The final ...

These entities will not be required to file Form 1120, Schedule B, Additional Information for Schedule M-3 Filers; Form 1065, Schedule C, Additional Information for Schedule M-3 Filers; or Form 8916-A ...

Filing a protective form 1120-F solves this potential problem by preserving the ability to deduct normal business expenses if tax is later imposed by the IRS.

ROCK HILL, SC / ACCESSWIRE / February 17, 2022 / On March 15, 2022, S-Corporations will be required to complete and file their business income tax Form 1120-S with the IRS. For all businesses that ...

Tax preparers of IRS Form 1120S for a subchapter S corporation are required to do an annual calculation to reconcile the corporation's balance sheet on the tax return, Schedule L, with the net ...

The first two years of corporate income tax returns requiring Form 1120, Schedule UTP, Uncertain Tax Position Statement, have been filed, and the IRS has described first-year returns and provided ...

These organizations have the option to apply for a Form 7004 Extension. Upon approval, the IRS grants an additional 6 months for these organizations to complete their tax returns. As this is an ...