What line is taxable income on 1120S?
What line is taxable income on 1120S? The taxable income reported on Schedule M-1, line 8, is available from the calculation of Form 1120-S, page 3, Schedule K, line 18; Schedule M-1, line 1, “Net income (loss) per books,” is not available without book-to-tax adjusting entries. What is employer’s payroll Read more…