Common questions about Federal Tax on Form 1120S in Lacerte

Use Federal Taxes to trigger and/or override tax on Form 1120S.  Refer to the following information to help with Screen 37, Federal Taxes questions.

• Explanation of Excess Net Passive Income Tax
• Generating Built-in Gains Tax in an S-Corporation Return
• Entering Accrued Taxes for Form 1120 / 1120S Corporations
• Entering Tax Exempt Income for an S Corporation