1120/1120S CORPORATION

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1120 Tax Return Including State

 

1120 Data Sheets

1120 Data Sheets Sample

 

 

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1120S Tax Return Including 5 K-1s and State 

 

1120S Data Sheets

 

This is a SAMPLE of 1120-S Data Sheets. If you would like to see a full sample, please click on REQUEST A FREE TRIAL and include which states you are interested in. 

 

 

 

1120/1120S CORPORATION FEATURES

  • All 1120/1120S states
  • Electronic Filing Federal & State (If state has capability)
  • Transfer of all income, loss, and expense items needed to track AAA for S corporations
  • Automatic Schedule L and M-1 rounding options
  • Ability to enter Schedule K-1 information from other passthrough entities in one location for automatic transfer to forms
  • Annualization of tax liabilities for short-year clients
  • Multiple Forms 4562 for multiple activities including a summary
  • Controlled group allocations and calculations for S and C corporations
  • Automatic tracking of carryovers for NOLs, 1231 losses, capital losses, charitable contributions, general business credits, and the foreign tax credit from year to year
  • Summary of rent and royalty properties for 1120S
  • Handles short-year and 52/53 week clients including 2200 short-year calculations
  • Prints a collated shareholder package with all the federal and state forms for each shareholder
  • Ability to track shareholder stock and loan basis
  • 1120S shareholder weighted average ownership percentages allowing up to 24 changes per year
  • Ability to select which shareholder gets rounding amounts
  • Ability to print shareholder Schedule K-1 instructions for each shareholder
  • Handles up to 160 shareholders per 1120S Return
  • Ability to enter all state apportionment information in one place
  • Easily change client from C to S status
  • 1120S shareholder calculations for termination of interest under IRC 1377(a)(2)

1120/1120S CORPORATION AUTOMATIC CALCULATIONS

  • Calculation of recapture amounts under Section 179 and 280F(b)(2) when business use of an asset drops to 50% or less
  • Special deductions for dividends
  • Charitable contribution limitations
  • Travel and entertainment limitations
  • Net operating loss deductions
  • Section 179 expense limitations
  • Schedule M-1 book/tax differences including depreciation and amortization
  • S as C Worksheet (shows taxable income of S-corporation as if it were a C-corporation)
  • 1120S shareholder weighted average ownership percentages allowing up to 24 changes per year
  • Large corporation estimated tax calculation
  • Accrual of federal and state liabilities and the related page 1, Schedule L and Schedule M-1 adjustments
  • Schedule M-1 net income per books
  • Optimization between Form 1120H and 1120 for homeowners’ associations

1120/1120S CORPORATION WORKSHEETS

  • Adjusted Current Earnings
  • Controlled Group of Corporations Election
  • Diagnostics
  • Dividends Received Deductions
  • Estimated Tax Payments
  • Foreign Tax Credit Carryover
  • K-1 Reconciliation
  • Late Filing Interest and Penalty
  • NOL and Contributions Carryover and carryback (Regular Tax and AMT)
  • Oil/Gas Well Schedule
  • Other Carryovers (general business credit, net capital loss, Section 1231 losses)
  • Rent and Royalty Summaries for Corporation and Shareholder Reporting
  • Shareholder Basis with Suspended and Disallowed Losses
  • Small Corporation Exemption
  • Tax Accrual Journal Entry
  • Tax Computation
  • Tax Projection
  • Two-Year Comparison
  • 1120S Excess Net Passive Income Tax
  • 1120-F US Net Equity
  • 1120S PassThrough Sales Worksheet
  • 1120-REIT Built-in Gains Tax
  • 1120S Retained Earnings Reconciliation
  • 1120S Rent and Royalty
  • 1120S IRC 1377 (a)(2) (for corporation and shareholder reporting)
  • 1120S Shareholder’s Distributive Share from PassThrough Entities (for shareholder reporting)
  • 1120S Schedule K-1 Summary
  • 1120S Shareholder Analysis of Low-Income Housing Credit
  • 1120 PHC Income Tax

1120/1120S CORPORATION STATE and LOCAL SOFTWARE

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa°
  • Kansas
  • Kentucky
  • Kentucky Cities
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts *
  • Michigan SBT
  • Michigan Cities
  • Minnesota
  • Mississippi
  • Missouri
  • Missouri Cities
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • New York City
  • North Carolina
  • North Dakota
  • Ohio
  • Ohio Cities
  • Oklahoma
  • Oregon
  • Oregon Business
  • Pennsylvania
  • Pennsylvania Cities
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • West Virginia
  • Wisconsin

1120 CORPORATION FORMS and SCHEDULES

851
966
970
982
1120
1120-A
1120-F
1120-H
1120-POL
1120 REIT
1120SF
1120X
1120-W
1122
1118
1118, Pg. 3-9

1138
1139
2220
2220, Sch. A
2553
2848
3115
3468
3800, Pg. 1
3800, Pg. 2
4136
4255
4466
4562
4626
4684

4797
4835
5471
5471, Sch. J
5471, Sch. M
5471, Sch. N
5471, Sch. O
5472
5735
5884
6198
6252
6478
6765
6781
7004

8050
8109
8271
8275
8283
8586
8594
8609
8609, Sch. A
8697
8716
8810
8820
8821
8822
8824, Pg. 1

8824, Pg. 2
8826
8827
8830
8833
8834
8835
8842
8844
8845
8846
8847
8848
8860
8861
8873

8874
8879-C
8881
8882
8884
8886
Schedule D
Schedule F
Schedule H
Schedule N
Schedule PH

1120S S-CORPORATION FORMS and SCHEDULES

1120S
1120SF
1120-W
966
970
982
2220
2220, Sch. A
2553
2848
3115
3468
4136
4255

4466
4562
4684
4797
4835
5471
5471, Sch. J
5471, Sch. M
5471, Sch. N
5471, Sch. O
5472
5735
5884
6252

6478
6765
6781
7004
8050
8082
8109
8271
8275
8283
8586
8594
8609
8609, Sch. A

8697
8716
8752
8820
8821
8822
8824, Pg. 1
8824, Pg. 2
8825
8826
8830
8833
8834
8835*

8842
8844
8845
8846
8847
8848
8860
8861
8869
8873
8874
8879-S
8881
8882

8884
8886
Schedule D
Schedule F
Schedule K-1
Schedule N

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