Feb 17, 2025 · On Form 1120S Schedule K-1, distributions are reported on Line 16 using Code D. The list of codes generally supplied with Schedule K-1 shows the description for Code D as …

Mar 11, 2025 · I read this on the IRS website but can't find the form. Where can I find it? " For Form 1120-S or Form 1120-F – Attach to the amended Form 1120S/1120-F, the XML …

Jun 7, 2019 · I made the mistake of not reimbursing, but claiming a deduction on my 1120s for business mileage from 2016 to 2019. In 2020, my s Corp reimbursed me for that outstanding …

To claim this deduction, the health insurance premiums must be paid or reimbursed by the S corporation and reported as taxable compensation in box 1 of your W-2.

Partnership income (Form 1065) and S corporation income (Form 1120S) taxes are due September 15, 2026. Estates and trusts income (Form 1041) taxes are due September 30, …

Feb 23, 2021 · In 2020 I purchased a personal truck that I use predominantly for business with my single member S corp. From what I understand, I need to reimburse my personal self for all …

Jun 4, 2019 · The "Business" end of Home and Business only lets me create W2's and 1099's. I was able to file an 1120S last year, I thought with the same software.

Jun 5, 2019 · Form 1120S in a subchapter S corporate tax return. An S Corp is a special type of corporation. It generally pays no tax itself. Instead, each shareholders claims a portion of the …

Jun 7, 2019 · I'm an S Corp owner wanting to report a SEP IRA contribution. The "Self-Employed Retirement Plans" page's continue btn only returns me to summary. What am I missing?

Mar 6, 2024 · When you check the box for Form 1120S Schedule K-1 Box 17 and enter Code V, do not enter an amount. Instead, continue through the interview to the page " We see you …