How to fill out Form 1120S for the 2022 tax year. For this video tutorial, we have an S corporation operating a landscaping and lawncare business.

The S corporation is owned by two shareholders. One shareholder actively participates in the business, while the other shareholder is a passive investor.

The Form 1120S example includes reporting the Work Opportunity Tax Credit (IRS Form 5884) and the Federal Fuel Tax Credit (IRS Form 4136). Unlike the Form 1065 reporting, the Form 4136 fuel tax credit is reported and refunded at the company level.

For more 2022 tutorials on Form 1120S, please see the following playlist:
   • Form 1120S (S Corporation) Tutorials  

For other form tutorials that might be applicable to your return, check our videos here:

S Corp Health Ins:    • How to Deduct Health Insurance for S ...  
Schedule B1 Disclosure:    • Form 1120S Schedule B1....Disclosur...  
Form 8869 Q Sub Election:    • How to Prepare IRS Form 8869  Qualif...  
How is Income Allocated?    • How Is Income Allocated for an S Corp...  
S Corp Debt Forgiveness:    • S Corporation Debt Forgiveness  Is i...  
S Corp Restricted Stock:    • S Corporation Restricted Stock Disclo...  
Deducting Business Gifts:    • Can Business Gifts Be Tax Deductible?  
Did your S corp election terminate?    • Inadvertently Terminate your S Corpor...  

For a larger database of tutorials, please visit our website and search for your question:
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