Get Us 1120s

Filling out the US 1120S form online can seem daunting, but this guide is here to support you through each step of the process. This form is essential for S corporations to report their income, deductions, and tax liability. By following the detailed instructions outlined here, you can successfully complete the form with confidence.

Follow the steps to complete the US 1120S form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling out the top section of the form, including your corporation’s name, address, and ID number. Ensure that all information is accurate to avoid delays in processing.
3. Navigate to Line 19, titled 'Other Deductions.' This section allows you to itemize various deductions incurred by your corporation throughout the tax year.
4. For each type of deduction, enter the corresponding amount next to its respective category. Categories include amortization, answering service, auto and truck expenses, bank charges, and various other expenses.
5. When filling out meals and entertainment deductions, remember to note the percentage allowable per the instructions: 50%, 80% for Department of Transportation hours of service, and 100% where indicated.
6. Ensure to list all relevant deductions, including but not limited to, computer expenses, delivery and freight, legal and professional fees, licenses and permits, office expenses, and utilities.
7. After completing all applicable fields in the 'Other Deductions' section, double-check your entries for accuracy.
8. Once all sections of the form are filled out, you can save your changes, download the completed form, print a hard copy, or share it as necessary.

Start completing your US 1120S form online today for a smooth filing experience.