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New Mexico Form Instructions 1120-S (Schedule K-1): What You Should Know

Schedule K-1 2. Schedule SEB (SEB or SEB-EZ) 3. Form I.N. (Nontaxable Interest, Net) 4. 1120S S-Corp 2. Form 1120-S (S-Corp) 3. Form 1120-S, with S corporation election 4. Form 1120-S, without S corporation election 5. Form 1120-S, S corporation return 6. Form 1120-S, without S corporation election To learn more about how to file an S Corp, click here. This link also shows you the most recent state tax forms from New Mexico. Please report any broken links/images or additional resources you would like to see on the  Contact Us page. Please note that this is a very complex topic. For more information, click here. There are many things that can affect the amount that you owe the IRS, such as your adjusted gross income or the number of shares owned. Some corporations are able to get a tax break by claiming a deduction or credit for their share of the operating expenses of the company.

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