How to File Form 1120-S for 2022 - Lawncare Business Example

How to fill out Form 1120-S 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 1120-S 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 1120-S, please see the following playlist:
• Form 1120-S (S Corpora...
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