Hey everyone, thanks for joining me on this rainy Saturday. Today, we're gonna do a quick overview or walk-along on how to do the ATF Form 1 to create an SBR as an individual. Now, I'm not a lawyer, and this isn't legal advice. This is simply informed opinion because I have done two of these on my own, and I've gotten two tax stamps as a result. So, I think I have enough experience to be able to speak very briefly and as an overview about this process. One more thing, this is only going to address SBRs as an individual, and specifically, it's only addressing AR-style short-barreled rifles. So, I'm not gonna touch on AKs here or any other type of short-barreled rifle. I simply know ARs the best, and that's what is going to be talked about in this video. Alright, as you can see on the screen here, this is a screen capture of the new ATF Form 1, or the full name is the ATF eform 153 20.1, which was revised in May 2016. You can get these forms by going to the ATF's website. This is available as a PDF, which you can download, and the cool thing about this is you no longer have to fill it out by hand. You can type this up on the computer. It will auto-generate into duplicate forms at the end, and then you simply save and print those out, which is great. It's so much easier than doing this by hand. So, I recommend you do that to start with. Now, question one, type of application. This is directly linked to question two, which is about who's making the form, who's submitting the form for us. This is gonna be type 1a because we're submitting $200 with the application. Now,...
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When to file 1120-W Form: What You Should Know
Filing Corporate Tax Return and Paying Tax If Corporate Tax is due on the last day of the tax year: All returns and schedules must be filed by the 15th day of the (month) in which the tax is due. In other words, if Corporate Tax is due the last day of the tax year, Forms 941, 942, 943, and 944 must be mailed by the 15th day of the next calendar year. How to Report Corporate Income Tax The Form 1120-W, Estimated Tax for Corporations, is the form the corporation uses to report its estimated income and taxes and to make estimated payments through the end of the year. If you pay corporate income taxes this year for any corporations you do business with, you have to file Form 1120-W with your estimated tax payment. However, if you pay your corporation's estimated annual tax directly to the Treasury Department before the 15th of the due year, the payment is not subject to withholding and your return or return information will not be available to the IRS for computation of estimated taxes on your next tax return. The Corporation and the Taxpayer Form 1120-W, Estimated Tax for Corporations, tells you how estimated taxes are calculated for a corporation. It also tells the corporation how much corporate taxes will be calculated in the following tax year and how you will receive the payments estimated to be due. Form 8962, Employer's Estimated Tax for Calendar Year 2017 If the corporation uses either the annualized income installment method or the adjusted seasonal installment method, it must complete Form 8962, Estimated Tax for Calendar Year 2017. Other Forms to File The Schedule A, Estimated Tax For Corporations (including extensions) should be used to file your Forms 1120-W, 1120-NR, 1120-SF, 1120-SA, 1120-QS, and 1120-VR. The Schedule B, Estimated Tax for a Partnership or S Corporation should be used to calculate the annual amount by which your partnership, S corporation, or partnership or S corporation will pay you. The schedule should be sent by mail. The Form 941, Payment by Individuals and Form 943, Payment by Certain Trusts, if you received a Form 941 during the tax year will use Form 8938 to make the estimated tax payments required by Form 1120-W.
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