Ask Experts Questions for FREE Help !
Ask
    guscusi's Avatar
    guscusi Posts: 65, Reputation: 1
    Junior Member
     
    #1

    Sep 15, 2010, 03:18 PM
    Form 1120
    In Corp. 1120 Inc Tax Form, Line 16 "Rents" seems to be for includeing Rent of a car or other capital assets, but should I also include in that box the rental I pay for my office & warehouse space? Or should the office space rents paid be included in any other line?

    Thank you.
    wnhough's Avatar
    wnhough Posts: 200, Reputation: 12
    Full Member
     
    #2

    Sep 16, 2010, 05:43 AM
    QUOTE," but should I also include in that box the rental I pay for my office & warehouse space? "---Yes;on line 16, form 1120, you report not only your rent for office facilities or warehouse lease expense(s) but expenses for leasing cars and other vehicles.

Not your question? Ask your question View similar questions

 

Add your answer here.


Check out some similar questions!

1120-A for c-Corporations [ 1 Answers ]

How would I know if I have a C-Corporation or a S-Corporation if I incorporated my company offline?

Difference between IRS Forms 1120S AND 1120 [ 8 Answers ]

I have received a letter from the IRS stating that I have filed an 1120S form with out submitting and receiving an OK from the IRS on form 2553. If I do not respond they will submit my tax returns as an 1120. What is the difference, and how will it affect the taxes?

Forms 1120 and 1120S [ 3 Answers ]

Hi all - I need help with a question... I have gotten a letter from IRS stating that my corp. which I thought was a sub corp S is not and that I have not filed form 2553 for this permission. I can redo taxes on form 1120 instead of 1120S. How does this affect my personal taxes - can I file the...

Filing 1120 and Ca 100 [ 2 Answers ]

I incorporated in late NOV 2007. The Ca. Fee/Tax is $800 to be incorporated, with the first year waived, I believe. Must 2007 be my first year if there was no business done? And must I file for 2007, or can I start with the 2008 year. My articles of incorp. State operation from the first...

Equity account and 1120 s [ 1 Answers ]

If I get a personal credit for $ 20,000 in order to buy a grocery store how I register in my S-Corporation those funds and how show the repayments make to the bank. How the equity account should reflect that transaction. I have to deposit the money in the corporate bank first? How will be the...


View more questions Search