Category: Science

What is Box 17 AC on K1?

In 2020, Form 1120-S, Schedule K-1, line 17, code AC is now used to report the gross receipts amount for section 448(c). The shareholder will use this amo...

Is Waiting confirmed?

It all depends on the ticket status. All the passengers in a ticket are assigned a ticket status which can be waiting (WL), RAC (a half berth), or confirm...