[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-301528-105":53,"doc-detail-301528-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","nebraska-s-corporation-income-tax-booklet-2023-instructions","Nebraska S Corporation Income Tax Booklet 2023 - Instructions","","Nebraska S corporation income tax booklet for 2023 provides instructions for completing common Nebraska income tax return forms and schedules, including Form 1120-SN and relevant schedules and PTET-related items. It explains key updates such as Pass-Through Entity Tax election rules and estimated payment requirements for certain tax years, as well as the Nebraska employer tax credit for employing convicted felons. Guidance also covers filer obligations, rounding amounts to whole dollars, penalties and interest, amended return requirements, and extension of time procedures. Contact and filing resources are included for electronic options and assistance.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/nebraska-s-corporation-income-tax-booklet-2023-instructions/301528/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/nebraska-s-corporation-income-tax-booklet-2023-instructions/301528.png","ImageObject",442,249,{"name":88,"@type":89},"Valentina","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-24","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":9},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What updates are included in the 2023 Nebraska S Corporation Income Tax Booklet?","Question",{"text":108,"@type":109},"The booklet explains Pass-Through Entity Tax (PTET) election rules and the refundable credit for electing entities’ partners and shareholders. It also notes that for tax years beginning on or after January 1, 2024, an electing S corporation must make estimated payments like a C corporation. It additionally introduces the Nebraska Employer Tax Credit for employing convicted felons.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How should amounts be entered on the Nebraska return and schedules?",{"text":113,"@type":109},"Enter all amounts as whole dollars and do not include cents. Do not alter pre-printed zeros in the cents column. Amounts from 50 cents to 99 cents are rounded up, while amounts less than 50 cents are rounded down.",{"name":115,"@type":106,"acceptedAnswer":116},"When must an amended Nebraska S corporation return be filed, and what are key requirements?",{"text":117,"@type":109},"An Amended Nebraska S Corporation Income Tax Return, Form 1120-XSN, must be filed if previously filed information is incorrect. The booklet states Form 1120-XSN cannot be e-filed and lists timing and attachment requirements, including reporting IRS or other state changes within 60 days and attaching related amended federal or other documentation.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},301528,1790278136,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},13056703020460,"https://ap-avatar.wpscdn.com/avatar/be000253dac470eee5d?_k=1778207105932848923","2023  \nNebraska S Corporation Income Tax Booklet  \nIncluded in this Booklet are:  \nForm 1120-SN;  \nSchedules A, I, II, III, K-1N, PTET; Form 7004N; and  \nUse Tax information.  \nElectronic filing and payment options are available.  \nQuestions?  \n[revenue.nebraska.gov](revenue.nebraska.gov)  \nSign up for a FREE subscription service at the Nebraska Department of Revenue’s website to get email updates on your topics of interest.  \n800-742-7474 (NE or IA) or 402-471-5729  \n8-301-2023  \n2023 Nebraska S Corporation Income Tax Return  \nInstructions  \nWhat’s New  \nPass-Through Entity Tax (PTET) (LB 754). A partnership or S corporation may elect to be subject to Nebraska income tax for tax years beginning on and after January 1, 2018. The partners and shareholders of an electing entity will receive a refundable credit for their share of the PTETs paid by the electing entity.  \nFor tax years beginning on and after January 1, 2024, an electing S corporation is required to make estimated payments in the same manner as a C corporation.  \nNebraska Employer Tax Credit for Employing Convicted Felons (LB 917) . Employers may receive a nonrefundable credit for wages paid to an employee convicted of a felony. The credit is equal to 10% of the wages paid to the employee during the taxable year. The credit is limited to $20,000 for each eligible employee and applies to the wages paid during the first 12 months of employment. The employer must file an application with the Nebraska Department of Revenue (DOR) to receive the credit.  \nImportant Information for All Filers  \nPurpose. The instructions in this booklet provide guidance in completing the most common Nebraska S corporation return of income forms and schedules. This booklet is intended tobe useful to the greatest number of taxpayers. Nothing in these instructions supersedes, alters, or otherwise changes any provisions of the Nebraska tax code, regulations, rulings, or court decisions.  \nWe encourage the preparer ofany Nebraska S Corporation Income Tax Return, Form 1120‑SN, to review applicable Nebraska law regarding any issue that may have a material effect on this return. Nebraska law and other useful information may be found at [revenue.nebraska.gov](revenue.nebraska.gov).  \nEnter All Amounts as Whole Dollars. Do not include cents on the return or schedules. Do not change the pre‑printed zeros in the cents column of the Form 1120‑SN or schedules. Round any amount from 50 cents to 99 cents to the next higher dollar. Round any amount less than 50 cents to the next lower dollar.  \nPenalties and Interest. Either or both may be imposed under the following conditions:  \nu Failing to file a return and pay the tax due on or before the due date;  \nu Failing to pay the tax due on or before the due date;  \nu Failing to file an amended Nebraska income tax return to report changes made to your federal return;  \nu Preparing or filing a fraudulent income tax return; or  \nu Understating income on an income tax return.  \nFiling a false or fraudulent Nebraska return is subject to penalty, even if the amounts reported are taken from your federal return. Unpaid tax is subject to interest at the statutory rate of 5% from the original due date to the date the tax is paid. See Revenue Ruling 99‑22‑ 1 for applicable interest rates.  \nReporting Changes or Corrections. If information on a Nebraska S corporation return previously filed is incorrect, an Amended Nebraska S Corporation Income Tax Return, Form 1120‑XSN must be filed. A Form 1120‑XSN cannot be e‑filed. When filing an amended return, remember:  \nu Changes made by the IRS or another state must be reported to DOR within 60 days;  \nu Please be sure to use the correct form for the tax year you are amending;  \nu You must attach a copy of the related federal or other state amended return and all related schedules or other documentation to explain the changes shown on the amended Nebraska return; and  \nu When an amended return reflects a reduction in tax due beca","cbCaipxbLRyJECWD","https://ap.wps.com/l/cbCaipxbLRyJECWD","pdf",1051287,19,"English","# What’s New\n# Important Information for All Filers\n## Purpose\n## Enter All Amounts as Whole Dollars\n## Penalties and Interest\n## Reporting Changes or Corrections\n## Nebraska Extension of Time","[{\"question\":\"What updates are included in the 2023 Nebraska S Corporation Income Tax Booklet?\",\"answer\":\"The booklet explains Pass-Through Entity Tax (PTET) election rules and the refundable credit for electing entities’ partners and shareholders. It also notes that for tax years beginning on or after January 1, 2024, an electing S corporation must make estimated payments like a C corporation. It additionally introduces the Nebraska Employer Tax Credit for employing convicted felons.\"},{\"question\":\"How should amounts be entered on the Nebraska return and schedules?\",\"answer\":\"Enter all amounts as whole dollars and do not include cents. Do not alter pre-printed zeros in the cents column. Amounts from 50 cents to 99 cents are rounded up, while amounts less than 50 cents are rounded down.\"},{\"question\":\"When must an amended Nebraska S corporation return be filed, and what are key requirements?\",\"answer\":\"An Amended Nebraska S Corporation Income Tax Return, Form 1120-XSN, must be filed if previously filed information is incorrect. The booklet states Form 1120-XSN cannot be e-filed and lists timing and attachment requirements, including reporting IRS or other state changes within 60 days and attaching related amended federal or other documentation.\"}]","Nebraska S Corporation Income Tax Booklet 2023 - Instructions | PDF",1789783271,7]