Ensure that the income for 1120S is properly categorized and any related deductions are accounted for

description of Other Income, line 8, form 1120S

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Other income is line 5 on the 1120-S form and you should enter any income there that isn't included in your earlier income entries. Things like refunds for expenses claimed on prior year returns and the like go there.

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I filed my taxes last Saturday and needed to pay. How long before IRS deducts from my bank account?

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