I file my own business tax returns each year, and in this video I walk through the simple steps I use to complete Form 1120S. I share my process using example numbers so you can clearly see how the form works and understand the general method from start to finish. My goal is to make the S corporation filing process easier to follow, especially for new business owners learning how to file their own business tax returns.
In this video, you will see:
• how I organize documents for the S corporation return
• how Form 1120S connects to Schedule K 1
• where key information appears on the form
The following forms were discussed:
• Form 1120S instructions step by step
• Schedule B (Form 1120S)
• Schedule L (Balance Sheet)
• Schedule K (Form 1120S)
• Schedule M‑2 (Form 1120S)
• Schedule K‑1 (Form 1120S)
• K‑1 QBI
Resources
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Disclaimer:
I am not an attorney and do not provide legal services. I am not a CPA. Although I hold a valid PTIN as a tax preparer, I do not provide one‑on‑one tax preparation or personalized tax advice.
All content on this channel is for general educational purposes only and is based on my personal experience and publicly available IRS information.
Please use this information at your own discretion and consult a licensed tax professional for advice specific to your situation.
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