How to Fill Out Form 1120-S for 2021. Step-by-Step Instructions

How to fill out Form 1120-S for the 2021 tax year. We have a simple example for an S corporation with a simple profit and loss, a balance sheet, and three shareholders.

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

S Corp Health Ins: https://youtu.be/eX4HcEvEtk8
Schedule B-1 Disclosure: https://youtu.be/lpHos4BcMgA
Form 8869 Q Sub Election: https://youtu.be/90MhuuviXCw
How is Income Allocated? https://youtu.be/v5Pn6oHdBvo
S Corp Debt Forgiveness: https://youtu.be/60NldMgiRwY
S Corp Restricted Stock: https://youtu.be/Xx6bZwECBCI

Did your S corp election terminate? https://youtu.be/hAcGsoElcRI

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.