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Video instructions and help with filling out and completing Fill Form 1120 Schedule M 3 Reorganization

Instructions and Help about Fill Form 1120 Schedule M 3 Reorganization

Hello and thank you for joining us as we discuss the crosslink business module. Today, we're going to walk through the process of completing 1120s returns using the proven and efficient methods of cross-link. First of all, it's important to note that cross-link business is integrated into the already established cross-link 10/40 platform. A similar methodology will be used for creating and processing a return. Today, we're going to walk through that process, starting with gathering client data to transmit. Finally, we'll examine how cross-link business uses proven functionalities to provide users with various efficient ways of completing a tax return. Cross-link has been relied upon by tax professionals for decades, and cross-link business is directly integrated with the cross-link 1040 platform. It's ready to be a productive part of your office's software now and into the future. With that integration, users will recognize the same efficient and intuitive methodology used within the cross-link 10/40 software. Preparers can also utilize many of the same signature features, such as the digital signature pad, document archive, point-and-shoot error correction, and more. Currently, the entities supported by the cross-link business package are form 1065 for partnership returns, form 1120 for corporation returns, and form 1120s for S corporation returns, which we will be covering today. For completing returns in cross-link business, a simple and familiar process is recommended. First, we'll complete our client data screen to enter basic information about our client. Then, we'll move to the income statement and balance sheet to input initial financial information. After completing our financial statements, we'll add and complete any additional forms or schedules required. Afterwards, we'll simply verify for accuracy and print or archive the necessary documents for both the preparer and the client. Finally, we'll transmit the return to the IRS. Now, let's move...