Re: does schedule m-2 on form 1120-s need to be completed if receipts are less than $25,000

does schedule m-2 on form 1120-s need to be completed if receipts are less than $25,000

posted

If the corporation's total receipts AND total assets at the end of the tax year are less than $250,000, the corporation is not required to complete Schedules L, M-1 and M-2.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I made my IRS payment on 4/14/2025 when I was completing my taxes on TurboTax. Where can I find the receipt of payment?

in Get your taxes done using TurboTax

Expert does your taxes

Do it yourself

Resources

Support

does schedule m-2 on form 1120-s need to be completed if receipts are less than $25,000

does schedule m-2 on form 1120-s need to be completed if receipts are less than $25,000

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

does schedule m-2 on form 1120-s need to be completed if receipts are less than $25,000

Do you have an Intuit account?

does schedule m-2 on form 1120-s need to be completed if receipts are less than $25,000

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert