Filing a S Corporation Tax Return - Schedule L - 90 Days to Taxes Day 28 (2026)

Описание: In this video I discuss Schedule L for Form 1120-S. This form is the S-Corporation tax return, Schedule L is often overlooked as a form that doesn't hold much weight, but it's designed to create checks for the accuracy of the tax return.

First and foremost Schedule L should always balance, that's why it's called the balance sheet. It also ties to multiple other schedules and forms on the tax return. In this video I explain the nuances of a properly prepared Schedule L and reg flags to avoid.

Our 90 Days to Taxes series helps entrepreneurs avoid the most common small business tax mistakes to avoid. From disorganization to clarity, over 90 days you'll discover how your business is taxed and optional tax elections, what taxes and forms you need to file, how your records should be kept, what you can write off and the tax deductions small business owners miss. This video is from our 2026 Taxes series, information is relevant to the 2026 tax season filing for the 2025 tax year.

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Happy Taxes!