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How To Complete Form 1120S & Schedule K-1 (+Free Checklist)
February 15, 2024. 12 MIN READ
Written By: Tim Yoder, Ph.D., CPA
Taxes
The Difference Between a Tax Credit vs Deduction
October 15, 2024. 5 MIN READ
Written By: Liz Smith, CPA, MSTFP
Buyer's Guide
Best Tax Software for Small Business
August 13, 2024. 5 MIN READ
Written By: Danielle Bauter
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FREE RESOURCES
October 11, 2024
MACRS Depreciation Calculator
Free Calculator
Our free MACRS depreciation calculator will show you the deductible amount for each year of the asset’s life. The IRS’s MACRS depreciation tables are included, along with an explanation of how to use them to calculate MACRS depreciation by hand.
You need the following information to
September 17, 2024
Worksheet for Deductible Business Expenses
Free Worksheet
The list below includes the most common business expense categories that a small business may encounter; it’s not an exhaustive list. In general, you may deduct expenses that are ordinary and necessary for your business. The IRS website defines “ordinary” as something common for your
February 15, 2024
Documents Checklist for Completing Form 1120S
Free Checklist
Form 1120S is required annually of every S corporation (S-corp). The return includes a combination of financial information and questions the IRS will use to determine potential tax liabilities. We’ll cover how to enter the financial information and do an in-depth dive into the questions
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