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Video instructions and help with filling out and completing Form 1120 C Pub

Instructions and Help about Form 1120 C Pub

Good morning, everyone. This is Med City CPA, and I'm just reading through the Form 1040 instructions. It appears that there's a line in here that asks if you want the IRS to figure the tax on your taxable income for you. You can check "yes" and refer to Chapter 29 of Publication 17 for details on eligibility and what to do if you paid too much. The IRS will send you a refund if you didn't pay enough, or a bill if you paid too much. You can use one of the following methods to figure out your tax. Let's read through the instructions here. The IRS asks in the instructions if you want them to figure out the tax and taxable income for you. I looked for Publication 17, but the current version has not been released yet. I found last year's publication, which is Chapter 34 of the 2017 IRS Publication 17. It says that the tax can be figured by the IRS if you filed by the due date of your return (April 17, 2017). For most people, the IRS can figure your taxes for you on Form 1040EZ, Form 1040A (which doesn't exist for 2018), or Form 1040. If the IRS figures your tax and you pay too much, you will receive a refund. If you didn't pay enough, you will receive a bill for the balance. To avoid interest or penalties for late payment, you must pay the bill within 30 days, or by the due date of your return, whichever is later. The IRS can also figure the credit for the elderly when they cannot figure your tax. However, there are certain situations when the IRS cannot figure your tax for you. These include if you want your refund directly deposited into your...