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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Print Form 1120, Page 5 - Schedules L, M-1 and M-2
You don't need to complete Schedules L, M-1, and M-2 for C Corporations if total receipts for the year and year-end assets equal less than $250,000.
To change the settings of Form 1120, Page 5, select
Setup
, 1120 Corporation
, Federal
, then Other Return Options
.note
To set these options on an individual client basis, select the Balance folder and mark the
Complete Schedule XXX when not required
checkbox on the L
screen and the Mc
screen. This checkbox isn't available if you complete the previous steps to mark the checkbox globally.This article applies to:
- PRODUCT: UltraTax CS
- Return type: 1120 Corporation
- Subject: balance-sheet-m1-m3