Tallyfor works with the following IRS tax forms.
Form 1120, U.S. Corporation Income Tax Return.
Form 1120S, U.S. Income Tax Return for an S Corporation. Details
Form 1065, U.S. Return of Partnership Income.
In General
Tallyfor imports
1. All Income and Deduction lines on Page 1.
2. All end of tax year fields for Assets and Liabilities on Schedule L.
3. For 1120S Schedule K Sections.
Income (Loss)
Deductions
Other nondeductible expenses Box 16c
Items Affecting Shareholder Basis
Other Information
Attached Statements
For certain tax lines, multiple rows are allowed. On the IRS tax form, these lines are indicated with "attach statement" next to the line name.
Tallyfor allows for import of multiple rows of the following Attached Statements.
If you wish data to show as individual rows in use the field mapping in ALL CAPS.
Page 1
OTHER INCOME
TAXES AND LICENSES
OTHER DEDUCTIONS
Schedule L
OTHER CURRENT ASSETS
OTHER INVESTMENTS
OTHER ASSETS
OTHER CURRENT LIABILITIES
OTHER LIABILITIES
Schedule K
INTEREST INCOME
ORDINARY DIVIDENDS
QUALIFIED DIVIDENDS
CHARITABLE CONTRIBUTIONS
Schedule M-1