Form 1125-a
What is form 1125-a?
Form 1125-A is a tax form used by businesses to report cost of goods sold and other expenses related to production that are deductible under the Internal Revenue Code. It provides a detailed breakdown of these expenses for accurate tax reporting.
What are the types of form 1125-a?
There are two types of form 1125-A: 1. Form 1125-A (Schedule A) - This is used by manufacturing, mining, wholesale trade, and transportation businesses to report the cost of goods sold and other expenses. 2. Form 1125-A (Schedule B) - This is used by farmers to report the cost of goods sold and other expenses related to agricultural production.
How to complete form 1125-a
Completing form 1125-A can seem daunting, but by following these steps you can easily navigate through the process:
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