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Changing 1120s balance sheet to GAAP basis from tax. Do we
Changing 1120s balance sheet to GAAP basis from tax.Do we address the change by an addition /reduction in AAA account or can we just restate the opening balance sheet on the tax return?… read more
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I need help completing schedule L in form 1120 S. I have the
I need help completing schedule L in form 1120 S. I have the balance sheet (very simple) but I can't seem to enter the amounts in the correct boxes to reconcile. Will tip for help and assistance with … read more
DK_CPA
DK_CPA
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ONLY Prior period adjustment Do you put prior period
this question is for taxmanrog ONLYPrior period adjustmentDo you put prior period adjustment on Schedule L line 25 " adjustments to shareholders' equity" on Form 1120S page 4… read more
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I'm trying to prepare a partnership tax return and can't get
Hi Pearl. I'm trying to prepare a partnership tax return and can't get my balance sheet to balance. The trial balance I'm using is in balance but when I enter the numbers in TurboTax I have an out of … read more
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I am working on an S-Corp return and need some help. It is
I am working on an S-Corp return and need some help. It is for a retail store that closed the physical location but continuing with an online store. The schedule L was in balance for 2014 but it is of… read more
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Line 27 of Schedule L is out of balance to Assets by exactly
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Lane
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I sold my apartment building for $2.3 million and netted
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I am awaiting my response on Sch L, M-1 and M-2. Again as
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Where exactly do I get numbers for lines 6, 22 and 24 for the
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jgordosea
jgordosea
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I went to the bank to get a loan, their accountant says that
I went to the bank to get a loan, their accountant says that my schedule L on tax form 1065 for partnership is not in balance as it should be. My accountant has redone the form and still not in balanc… read more
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What if S-corp has two non-equal members (stock ownership and
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I have completed an 1120S and because I reconciled the companys
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If my S corp buys a $10 computer cable, it winds up on my 1120S
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I am completing Form 8825 for condo rentals. I have meals as
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I have difficulties reconciling the shareholders undistributed
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I have a client that is new to me. They have a small S ...
I have a client that is new to me. They have a small S Corp. Electrical services business. The tax returns for years since inception (2002) include capital stock of ~ $32K, however, this amount was ne… read more
jgordosea
jgordosea
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How do you balance an 1120S form and schedule an M2?
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