Where to Enter the Principal Business Activity And Code Number – Business Returns The Principal Business Activity Code for a company must be entered in order to file a business return electronically. The...
Marking A Business Return As “Final” Or “Terminated” To mark a business return as “Final” or “Terminated”, from the Main Menu of the Tax Return select: Heading Information...
Business State Extension Information Click the state for information about business returns extensions. Alabama Alabama business income taxpayers are no longer required to file...
Corporation Returns – Printing Schedule L (Balance Sheet), Schedule M-1, and Schedule M-2 Generally corporations with total receipts and total assets at the end of the tax year that are less than $250,000...
Form 966 – Corporate Dissolution or Liquidation A corporation (or a farmer’s cooperative) must file Form 966 if it adopts a resolution or plan to dissolve the...
Business Returns – Form 1120-H (Homeowners Associations) To access Form 1120-H, U.S. Income Tax Return for Homeowners Associations, from the Main Menu of the Tax Return (Form 1120)...
Changing A Business Return From Fiscal Year / Calendar Year To change a business return from a fiscal year to a calendar year or vice versa, from the Main Menu...
Amending A Business Return Form 1120 is the only business return with a separate amended return. For all other entities, the corrected return data...
Passive Activity / Non-Passive Activity Passive Activity Passive activity is any rental activity or business in which the taxpayer does not materially participate. A limited...
Schedule K-1 Input On A Business Return A Schedule K-1 is a tax document used to report the incomes, losses, dividend receipts, and capital gains of partners...