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Form 1120-S (Schedule K-1) Irvine California: What You Should Know

If you are not sure whether you should file Form 1065/1120S, have an expert look at your return and see whether you need an advance estimate. All new filers should file the corresponding Form 8865; you can file an advance estimate only if you are confident in the result and have completed Form 8865 using the new schedules.  For all other filers, you can do a quick estimate for one Form 1095 (or an advance 30 Form 1040): For filers in certain categories, go to the IRS Website, , to get a good estimate if you do not know how much income tax you owe by type to figure your federal tax liability.  For more information on K-2 and K-3, or general information on how to prepare tax forms and answer tax questions, go to .  The best online resources for tax preparation and answers to your tax questions are the following: The Tax Adviser () The Federal Tax Topics Website () The AARP Tax Center (AARP.org.)  The IRS's Taxpayer Advocate Service (taxpayeradvocateservice.IRS.gov) The Internal Revenue Service, Publication 4681 () and . Posted by Mark S.

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