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INTRODUCTION TO CORPS

Virtual Instructor: Barbara Richardson
Across
Schedule L: Balance Sheet per _________
Form 2220 Underpayment ___________
S Corp filing requirement
1125-A (acronym)
Income Reported on 8825
AMT Item Schedule K
Compensation on 1125-E
Form 966
1120 Schedule J
S Corporations are ________ entities
1120 Schedule C
Down
Limitation for Shareholders
M-1: Reconciliation of __________ Book and Tax
Not Active Income
Reduces Shareholder Basis
C Corp no longer required to file 1120
Automatic 6 month
1120-S, Schedule B: Other _______
= Liabilities and Equity
M-2: Analysis of Unappropriated_________ Earnings Per Book