| Government Form |
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| Worksheet | Section | Field | ||
| Name | General > Basic Data | General | Corporation name | |
| Number and Street | General > Basic Data | General | Street address | |
| City, State/Province, Country and Zip. | General > Basic Data | General |
City State ZIP code Foreign province or state or county Foreign country code Foreign postal code |
|
| Fiscal Year Dates | General > Basic Data | General |
Beginning Ending |
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| A | General > Basic Data | General | Date of election as S corporation | |
| B | General > Basic Data | General | Business Code | |
| C | Automatic | |||
| D | General > Basic Data | General |
Employer identification number Date FEIN applied for |
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| E | General > Basic Data | General | Date incorporated | |
| F | Calculated (Prints regardless of balance sheet) | |||
| G | General > Basic Data | General | Initial return | |
| H | General > Basic Data | General |
Final return Name change Change of address Amended return and Schedule K-1 S corporation election termination or revocation |
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| I | Calculated (Based on numbers of Schedule K-1) | |||
| OR | ||||
| General > Basic Data | General | Number of shareholders in corporation during the tax year - Override | ||
| J1 | Shareholders > Schedule K-1 Footnotes | Schedule K-1 Footnotes | Special Use Code = 465 | |
| OR | ||||
| General > Basic Data | General | Aggregated activities for Section 465 at risk purposes - Override | ||
| J2 | Shareholders > Schedule K-1 Footnotes | Schedule K-1 Footnotes | Special Use Code = 469 | |
| OR | ||||
| General > Basic Data | General | Grouped activities for Section 469 passive activity purposes - Override | ||
| 1a | Income / Deductions > Business | Income |
Gross receipts or sales OR Schedule M-3 Detail - Amount IF Return Type = GRS |
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| Income / Deductions > 8825 / Other - Rent and Royalty | General |
IF Rental type = Trade or Business |
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| Income / Deductions > Depletion | Statement Information |
IF Form Code = X or C |
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| 1b | Income / Deductions > Business | Income |
Less Returns and allowances OR Schedule M-3 Detail - Amount IF Return Type = RTN |
|
| 1c | Calculated | |||
| 2 | Form 1125-A,Line 8 | |||
| 3 | Calculated | |||
| OR | ||||
| Income / Deductions > Business | Income | Gross profit - Override | ||
| 4 | Form 4797, Part II, Line 17 | |||
| Form 4684 | ||||
| OR | ||||
| Income / Deductions > Business | Income | Form 4797 gain (loss) - Override | ||
| 5 | Income / Deductions > Business | Income |
State and city tax refunds Other income |
|
| Income / Deductions> Partnership Passthrough (K-1 1065) | Partnership Passthrough |
Ordinary business income (loss) Guaranteed payments to partners |
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| Income / Deductions > Fiduciary Passthrough (K-1 1041) | Fiduciary Passthrough | Ordinary business income | ||
| Farm Profit or Loss Schedule, Line 34 or Line 50 | ||||
| Form 4136 | ||||
| IF | ||||
| General > Return Options | Calculation Options | Option to carry Form 4136 credit = 2 | ||
| Form 6478, Line 4 | ||||
| Form 8864, Line 10 | ||||
| Income / Deductions > Business | Income |
Farm income - Override Ordinary income from passthrough entities - Override |
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| Income / Deductions > Interest (1099-INT) | Interest Income if "Non-portfolio" is marked |
Amount from savings and loans, banks, and other (Box 1) U.S. bonds and obligations (Box 3) |
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| Income / Deductions > Sec. 179 / 280F Recapture & Sec. 179 Transactions Report | Section 179 and 280F Recapture | Deduction taken adjusted by deduction that would have been allowed | ||
| 6 | Calculated | |||
| 7 | Form 1125-E | |||
| OR | ||||
| Income / Deductions > Business | Compensation of Officers | Amount of compensation less Compensation claimed elsewhere | ||
| Income / Deductions > Business | Deductions |
Compensation of officers - Override OR Schedule M-3 Detail - Amount IF Return Type = OFF |
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| 8 | Income / Deductions > Business | Deductions |
Salaries and wages OR Schedule M-3 Detail - Amount IF Return Type = SAL, less employment credits on Forms 5884, 8844, 8845, 8923, and 8932 OR Employment credits wage reduction - Override |
|
| 9 | Income / Deductions > Business | Deductions |
Repairs and maintenance OR Schedule M-3 Detail - Amount IF Return Type = REP |
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| 10 | Income / Deductions > Business | Deductions | Bad debts | |
| 11 | Income / Deductions > Business | Deductions |
Rents OR Schedule M-3 Detail - Amount IF Return Type = RNT |
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| 12 | Income / Deductions > Business | Taxes and Licenses | ||
| Income / Deductions > Depletion | Property Production Income and Expense | Severance tax amount | ||
| General > Return Options | Calculation Options | State and city tax accrual option = Tax to Page 1 | ||
| Income / Deductions > Business | Deductions |
Taxes and licenses - Override, less credit on Form 8846 - Credit for Employer Social Security & Medicare Taxes Paid |
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| Taxes > S corporation Taxes | Other S Corporation Taxes Information |
Allocation of Tax to Sch. K - Ordinary income - Override IF Excess Net Passive Tax Information Subject to tax on excess net passive |
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| Taxes > S Corporation Taxes | Excess Net Passive Tax Information | Income is marked | ||
| 13 | Income / Deductions > Business | Deductions | Interest | |
| 14 | Form 4562 | |||
| Income / Deductions > Business | Deductions | Depreciation - Override | ||
| 15 | Income / Deductions > Depletion | Statement Information |
IF Form Code = X, and Non-oil and gas is marked |
|
| Income / Deductions > Business | Deductions | Depletion - Override | ||
| 16 | Income / Deductions > Business | Deductions |
Advertising OR Schedule M-3 Detail - Amount IF Return Type = ADV |
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| 17 | Income / Deductions > Business | Deductions | Pension and profit sharing plans | |
| 18 | Income / Deductions > Business | Deductions |
Employee benefit programs OR Schedule M-3 Detail - Amount IF Return Type = EBP Credits Form 8941 (credit reduction) |
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| 19 | Income / Deductions > Business | Other Deductions |
Meals and entertainment subject to 50% limit Amortization - Override (or from Form 4562), Other Deductions Form 8873 IF Activity type = Trade/business |
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| Income / Deductions > 8825 / Other - Rent and Royalty |
Other Expenses IF Rental Type = A |
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| Income / Deductions > Depletion | Expenses |
IF Form Code = X, and IDC Code = Carry IDC expense to page 1 of federal return less credits on Forms 6765, 8820, 8881, and 8896 |
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| 20 | Calculated | |||
| 21 | Calculated | |||
| 22a | Calculated from Worksheet for Excess Net Passive Income Tax if you mark this field: | |||
| Taxes > S Corporation Taxes |
Excess Net Passive Tax Information Other S Corporation Taxes Information |
Subject to tax on excess net passive income and entries from any of the following:
|
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| Taxes > S Corporation Taxes |
Excess Net Passive Tax Information Other S Corporation Taxes Information |
Excess Net Passive Income Override |
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| Taxes > Additional Taxes | Other Recapture Taxes and Amount Due | LIFO recapture Tax | ||
| 22b | Schedule D | |||
| OR | ||||
| Income / Deductions > Gains or Losses | Capital Gains and Losses detail if | 1120S code to classify gain or loss blank | ||
| Taxes > S Corporation Taxes |
Built-In Gains Tax Information Other S Corporation Taxes Information |
Built-In Gains Tax Override | ||
| 22c | Calculated | |||
| Other > Form 8697 - Interest Computation Under Look-Back Method | ||||
| Other > Form 8866 - Interest Computed Under the Look-Back for Property | ||||
| Taxes > Additional Taxes | Other Recapture Taxes and Amount Due |
Interest from Form 8697 - Override Interest from Form 8866 - Override Form 4255 - ITC recapture Tax - Override |
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| Taxes > 4255 - Recapture of Investment Credit | Recapture of Investment Credit | Not pass through - 1120S only (is checked) | ||
| Taxes > 8611 - Recapture of Low-Income Housing Credit | Recapture of Low-Income Housing Credit | Not pass through - 1120S only (is checked) | ||
| Taxes > Additional Taxes | Summary Taxes and Overrides | Details | ||
| 23a | Payments/Penalties/Estimates > Payments | Federal Tax Payments | Total estimated tax payments - Override | |
| Payments/Penalties/Estimates > Payments | Federal Tax Payments | Payment | ||
| Payments/Penalties/Estimates > Payments | Federal Tax Payments | Prior year's overpayment applied | ||
| Income / Deductions > Interest (1099-INT) | Federal tax withheld (if there is tax due) | |||
| Income / Deductions > Dividends (1099-DIV) | Federal tax withheld (if there is tax due) | |||
| Income / Deductions > Partnership Passthrough (K-1 1065) | Partnership Passthrough | Backup withholding (if there is tax due) | ||
| Income / Deductions > Fiduciary Passthrough (K-1 1041) | Fiduciary Passthrough | Backup withholding (if there is tax due) | ||
| Payments/Penalties/Estimates > Payments | Federal Tax Payments | Tax withheld on dividends and interest - Override | ||
| 23b | Payments/Penalties/Estimates > Payments | Federal Tax Payments | Tax deposited with extension Form 7004 | |
| 23c | Form 4136 | |||
| Credits > Credits Summary | Credit Summary and Credit Recapture | Credit for federal tax on fuels - Override | ||
| 23d | Form 8827, line 8c | |||
| 23e | Calculated | |||
| Payments/Penalties/Estimates > Payments | Federal Tax Payments | Estimated tax payments credited to trust beneficiaries under a Section 643 (g) election (Adjustment) | ||
| 24 | Form 2220 | |||
| 25 | Calculated. not including late interest and penalty charges based on the following entries. These charges are included on "Total Balance Due" line at the end of this form, when there is tax due shown on Line 22c. | |||
| Payments/Penalties/Estimates > Penalties | Federal Late Penalties and Interest |
Date return to be filed, if after due date Late Interest Late payment penalty Late filing penalty Late interest - Override Late penalty - Override Late filing penalty - Override |
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| 26 | Calculated | |||
| 27 (Credited) | Payments/Penalties/Estimates > Estimates and Application of Overpayment | Federal Estimates and Application of Overpayment |
Amount of overpayment to apply to estimate Application of overpayment code |
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| 27 (Refunded) | Calculated | |||
| Title of Signing Officer or Agent | General > Basic Data | General | Signing officer's title | |
| May the IRS discuss this return with the preparer | General > Basic Data | General - Other Questions | ||
| Paid Prepare information | General > Return Options | Preparer Information - Overrides |
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