Kiritsis & Associates
The IRS often tries to simplify and streamline tax reporting, but not all their efforts seem to bear fruit, as demonstrated with Form 1120A.
1. This form has been discontinued. Following, the recent overhaul in U.S. federal tax laws, the IRS announced that Form 1120A would be discontinued as a form filing option.
2. Perhaps you need to consider S Corp tax election. Perhaps, the proposed discontinuance of that form had something to do with being rarely used (I have never seen or felt the need to file a Form 1120A). This is largely, because a corporation considering filing Form 1120, would probably be better off choosing an S Corp tax election status.
3. You may be better off filing Form 1120 in the long run. Even, if it makes sense for a Form 1120A to be filed, it would like make a bookkeeper's job easier, if the Corporation filed Form 1120, because trial balance accounts and worksheets, are often set up to mirror Form 1120 lines and its accompanying schedules.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
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We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.
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