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How to File Form 1120 for 2022 - Lawncare Business Example

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Jason D. Knott

For other Form 1120 tutorials, see our playlist below:
   • Form 1120 (Corporate Tax) Tutorials  

How to file Form 1120 for the 2022 tax year. In this video, we cover a simple example with a corporation operating a landscaping business in Florida.

The corporation is taxed as a "C" corporation for federal tax purposes, meaning it did not make an election to be taxed as an "S" corporation by filing Form 2553.

The corporation has two owners, and the corporation is claiming the Work Opportunity Tax Credit (Form 5884) and the Federal Fuel Tax Credit (Form 4136).

For other form tutorials that might be applicable to your return, visit these videos below:

Form 851 Affiliations:    • IRS Form 851  Affiliations Schedule ...  
Schedule L:    • IRS Form 1120 Schedule L  Balance Sh...  
Schedule B:    • Form 1120 Schedule B  Additional Inf...  
Schedule C:    • Form 1120 Schedule C  Dividends and ...  
Schedule G:    • Form 1120 Schedule G  Persons Owning...  
Schedule N:    • Form 1120 Schedule N  Disclosure of ...  
Deferred Tax Assets & Liabilities:    • How to record Deferred Tax Assets & L...  
Form 5452 Nondividend Distributions:    • IRS Form 5452  How to Report Nondivi...  
Form 1122 Consolidated:    • How to Complete IRS Form 1122  Filin...  
Deducting Business Gifts:    • Can Business Gifts Be Tax Deductible?  

Do you have a personal holding company?
   • Personal Holding Company Taxes  Sche...  

For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/

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. Selfhelp services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorneyclient or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

#Form1120 #CorporateTax #IRS #TaxRefund

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