Form 1120 Schedule M 3 Navigation 2019-2024

Hello and thank you for joining. As we discussed the crosslink business module today, we're going to walk through a return and evaluate how crosslink facilitates the completion of business returns by using proven and efficient methods. As we begin our demonstration, it's important to note first that the crosslink business is integrated into the already established crosslink 10:40 platform. A similar methodology will be used for creating and processing a return. Today, we're going to walk through that process. Client data will be transmitted, and finally, we'll examine how crosslink business uses proven functionalities to give users various and efficient ways of completing the return. Crosslink has been relied upon by tax professionals for decades. Cross-link business is directly integrated with the crosslink 10:40 platform and is ready to be a productive part of your office's software far into the future. With that integration, users will recognize the same efficient and intuitive methodology used in cross-linked 1040. Additionally, preparers can utilize many of the signature features of the cross-link 1040 software, including the digital signature pad, document archive, point-and-shoot error correction, and many more. Currently, the entities supported by the crosslink business package are Form 1065 for partnership returns, Form 1120 for corporation returns, and Form 1120s for S corporation returns. Completing returns in crosslink business uses the same simple and familiar process as the 1040 returns. The client data will be used for basic information about your client. The income statement and balance sheet is where the initial financial information is input. After completing the financial statements, add and complete any additional forms or schedules. Afterwards, simply verify for accuracy, print, or archive the documents required for both you and your clients. Then transmit the return to the IRS. With that, let's move into the program. From our work in progress...