How to File Form 1120-S for 2023. Step-by-Step Instructions for Landscaping Company Example

For the 2022 example in the prior year: • How to File Form 1065 ...
This sample Form 1120-S for the 2023 tax year covers a lawncare and landscaping business in Florida. The S corporation has two shareholders who actively participate in the business. For the first-year initial return example, see the 2022 video posted above.
For other Form 1120-S tutorials, see our playlist: • Form 1120-S (S Corpora...
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
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[@sausland]

I would like to know more about loan from shareholder debt basis with calculate interest. I like it overall. Very valuable information!

[@loboferozlove]

Thank you Jason, very thorough explanation.

[@JasonDKnott]

Glad it was helpful!

[@falonnebilly2910]

Hi Jason! Thank you for your video. Can you please make a video about procedures when preparing Tax Returns involving multiple forms ? I am working as a tax professional . I was use to simple returns . Now I am having a hard time keeping track of my work when preparing Tax Returns that involve multiple documents . I found myself going over the return countless times to make sure everything is included. Which result in inefficiency.

[@anthonymartin4900]

Do you have a video on form 3115?

[@rshea41588]

Hi Jason, Quick Question you have payroll taxes in 2 places one on the COG and other as expenses?

[@shirleyj.wright838]

Please explain line 17 of 1120 S K1

[@gentao2005]

I’ve run into the situation where the shareholders actually issued the check for distributions but tax preparer took only tax distributions on k1, ignoring the actual distributions. I don’t think it’s correct but do you take tax distributions instead of the actual distributions??