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A.C.N. 000 412 779 THE ACCREDITED SCHOOL OUTFITTERS FOR C.A.S. & G.P.S SCHOOLS 1315 Pacific Highway, Turramurra NSW 2074 P.O. Box 119 Turramurra NSW 2074 Phone: (02) 9449 9777 Fax: (02) 9440 8931
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S Schools refer to the IRS Form 1120-S, which is used by S corporations to report income, deductions, and other tax information.
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S corporations, which are small business entities that have elected to be taxed under Subchapter S of the Internal Revenue Code, are required to file S Schools.
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To fill out S Schools, you need to provide financial information of the corporation, including income, deductions, credits, and shareholder information, completing the required sections of Form 1120-S.
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The purpose of S Schools is to report the income, gains, losses, deductions, and credits of an S corporation to the IRS, allowing shareholders to report their share of the income on their personal tax returns.
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S Schools must report the corporation's income, deductions, tax credits, and the distribution of income among shareholders.
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