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1120 Tax Return Including State
1120 Data Sheets Sample
This is a SAMPLE of 1120 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.
1120S Tax Return Including 5 K-1s and State
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
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1120/1120S CORPORATION STATE and LOCAL SOFTWARE
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1120 CORPORATION FORMS and SCHEDULES
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851 |
1138 |
4797 |
8050 |
8824, Pg. 2 |
8874 |
1120S S-CORPORATION FORMS and SCHEDULES
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1120S |
4466 |
6478 |
8697 |
8842 |
8884 |
