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Form 1S SubApplicant Face Page Project Title:Application Type: Institutional Training RFA # 1009240111 Program Director Last Name, First Name, Middle Initial, Degree(s) CoProgram Director Last Name,
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Forms 1-S is a tax form used by certain types of organizations, specifically S-corporations, to report income, deductions, and other important financial information to the IRS.
S-corporations that have elected to be taxed under Subchapter S of the Internal Revenue Code are required to file forms 1-S.
To fill out forms 1-S, taxpayers must provide detailed financial information about the corporation, including income, deductions, credits, and shareholder information, typically using tax software or manual forms.
The purpose of forms 1-S is to ensure that the income and tax liability of S-corporations are accurately reported to the IRS and that the income is passed through to the shareholders.
Forms 1-S must report information such as the corporation's income, deductions, credits, and the distribution of income among shareholders.
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