Thank you for doing this tutorial! Very helpful information. Can you go over Form 1125-A and also Capitalized Organization costs in the first year. Thank you!
Hi Jason, I appreciated for all of your content shown in your channel. Is there any video about startup/organization costs over the 5k tax allowed along with adjustments for M1 Sch on the 1120? Thank you in advance
Hi Jason, a big hug & subscribed your channel for such informative stuff. I live in the UK and own SMDE LLC to operate an Amazon FBA business, but I haven't had any business yet. Where should i mention the reportable transaction (Registered agent & LLC fee etc) on F1120 & 5472? Do i need to file form 1040NR as i don't have ITIN? I'm looking forward to hearing your valuable comments.
Yes! We have a video posted with an example Form 5472 for a foreign owned disregarded entity. You can see the video here: th-cam.com/video/07-D3PTa7Bs/w-d-xo.html
@@JasonDKnott Thank you. As for the other SCorp videos of yours (excess distribution over the basis), I have a diagnosis of m2 and Sch L. How can you balance in the return without being effected in k-1?
Hi, Jason. I am the sole owner of a C-Corporation. The only income that I received in 2022 was from investments. I received a 1099-Div from the investment company. Box 1a $1,306.96, box 1b $1,306.96, box 3 $5,379.12, and box 7 $66.96. My question is, where on the 1120 do I enter these numbers? Thank you!
Hi Jason, I live in Canada but I incorporated a business in Delaware in March 2022 but I have no income to claim for. And there’s only one owner which is me. Do I just need to put zeros on the specific lines?
Thank you for doing this tutorial! Very helpful information. Can you go over Form 1125-A and also Capitalized Organization costs in the first year. Thank you!
Thank you. really helpful!
Thank you, so helpful. Please show different business types and scenarios, million thank you!!
Thanks you very much and update my self and it is very helpful for tax
Hello, do you have any printable scenarios?
Hi Jason, I appreciated for all of your content shown in your channel. Is there any video about startup/organization costs over the 5k tax allowed along with adjustments for M1 Sch on the 1120? Thank you in advance
Same question
Hi Jason, a big hug & subscribed your channel for such informative stuff. I live in the UK and own SMDE LLC to operate an Amazon FBA business, but I haven't had any business yet. Where should i mention the reportable transaction (Registered agent & LLC fee etc) on F1120 & 5472? Do i need to file form 1040NR as i don't have ITIN?
I'm looking forward to hearing your valuable comments.
Hi Sir, have you made any video on foreign owned llc filing form 5472 re-portable transactions????
Yes! We have a video posted with an example Form 5472 for a foreign owned disregarded entity. You can see the video here: th-cam.com/video/07-D3PTa7Bs/w-d-xo.html
What software do you use? I like your software. Unlike some transactions, it doesn’t show in my Lacerte unless I have to type in manually…
We use Drake Tax Software to prepare our tax returns.
@@JasonDKnott Thank you. As for the other SCorp videos of yours (excess distribution over the basis), I have a diagnosis of m2 and Sch L. How can you balance in the return without being effected in k-1?
for Line 12 for officer wages- Is this for officer that has w-2?
Yes! Line 12 represents the W2 wages paid to officers of the corporation.
@@JasonDKnott Thank you for your input!
Hi, Jason. I am the sole owner of a C-Corporation. The only income that I received in 2022 was from investments.
I received a 1099-Div from the investment company. Box 1a $1,306.96, box 1b $1,306.96, box 3 $5,379.12, and box 7 $66.96.
My question is, where on the 1120 do I enter these numbers? Thank you!
Hi Jason, I live in Canada but I incorporated a business in Delaware in March 2022 but I have no income to claim for. And there’s only one owner which is me.
Do I just need to put zeros on the specific lines?
Thanks
thank you