TaxGuyBill
Level 15

@nosam wrote:

This is my first time to do a small business Corporation single owner registered with NY State.  Please help!!!

Is it alright if prepare Schedule Conly

Or 1120 only if so where will I enter the 1120 info on 1040


 

If you have not done an extensive amount of research on how corporations are taxed, you really should tell the client to go to somebody else to have the corporate return prepared.

If you want to do corporations in the future, it would be a good summer project to do some continuing education classes, research, and some practice returns.

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