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Form 1120-S. Department of the Treasury Internal Revenue Service. U.S. Income Tax Return for an S Corporation. Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. Go to www.irs.gov/Form1120S for instructions and the latest information. OMB No. 1545-0123.
15 lut 2024 · FILE TO DOWNLOAD OR INTEGRATE. Download our Form 1120S Checklist. Download as PDF. Sample Financial Statements. Step 1: Gather the Necessary Information for Form 1120S. Whether you hire a tax professional to prepare your taxes or use tax software, you’ll need information and documentation to complete 1120S.
A Form 1120-S is also known as an U.S. Income Tax Return for an S Corporation. An S Corporation is a corporation that elects to pass corporate income, losses, deductions, and credits through to their shareholders.
Download a fillable version of IRS Form 1120-S through the link below or browse more documents in our library of IRS Forms. Download IRS Form 1120-S U.S. Income Tax Return for an S Corporation. 4.3 of 5 (16 votes) PDF Word.
Form 1120-S is how S corporations report how much they make to the Internal Revenue Service (IRS). So, if your business is an S-corp or taxed as one, you’ll have to file Form 1120-S as your company’s federal income tax return. Specifically, this form tells the IRS how much your company earned—your business income, deductions, and tax credits.
Form 1120S is the tax form S corporations use to file their federal income tax return (not to be confused with Form 1120 for C corporations). Every S corp needs to file one, including LLCs that are taxed as S corps.
IRS Form 1120-S is specifically designed to report the income, gains, losses, deductions, credits, and other financial information of a domestic corporation or other entity that has elected to be an S Corporation in the United States.
