IRS Form 1120 Schedule O "Consent Plan and Apportionment Schedule for a Controlled Group"

What Is IRS Form 1120 Schedule O?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2018. Check the official IRS-issued instructions before completing and submitting the form.

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Consent Plan and Apportionment Schedule
SCHEDULE O
(Form 1120)
for a Controlled Group
OMB No. 1545-0123
(Rev. December 2018)
Attach to Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-L, 1120-PC, 1120-REIT, or 1120-RIC.
Department of the Treasury
Go to www.irs.gov/Form1120 for instructions and the latest information.
Internal Revenue Service
Name
Employer identification number
Part I
Apportionment Plan Information
1
Type of controlled group:
a
Parent–subsidiary group
b
Brother–sister group
c
Combined group
d
Life insurance companies only
2
This corporation has been a member of this group:
a
For the entire year.
b
.
From
, 20
, until
, 20
3
This corporation consents and represents to:
a
Adopt an apportionment plan. All the other members of this group are adopting an apportionment plan effective for the
, and for all succeeding tax years.
current tax year which ends on
, 20
b
Amend the current apportionment plan. All the other members of this group are currently amending a previously adopted
, and for all succeeding tax years.
plan, which was in effect for the tax year ending
, 20
c
Terminate the current apportionment plan and not adopt a new plan. All the other members of this group are not adopting
an apportionment plan.
d
Terminate the current apportionment plan and adopt a new plan. All the other members of this group are adopting an
, and for all
apportionment plan effective for the current tax year which ends on
, 20
succeeding tax years.
4
If you checked box 3c or 3d above, check the applicable box below to indicate if the termination of the current apportionment
plan was:
a
Elected by the component members of the group.
b
Required for the component members of the group.
5
If you did not check a box on line 3 above, check the applicable box below concerning the status of the group’s apportionment
plan (see instructions).
a
No apportionment plan is in effect and none is being adopted.
b
An apportionment plan is already in effect. It was adopted for the tax year ending
, and for
, 20
all succeeding tax years.
6
If all the members of this group are adopting a plan or amending the current plan for a tax year after the due date
(including extensions) of the tax return for this corporation, is there at least one year remaining on the statute of limitations
from the date this corporation filed its amended return for such tax year for assessing any resulting deficiency?
See instructions.
a
Yes.
(i)
The statute of limitations for this year will expire on
.
, 20
(ii)
On
, 20
, this corporation entered into an agreement with the Internal Revenue Service to
extend the statute of limitations for purposes of assessment until
.
, 20
b
No. The members may not adopt or amend an apportionment plan.
7
If the corporation has a short tax year that does not include December 31, check the box. See instructions.
For Paperwork Reduction Act Notice, see Instructions for Form 1120.
Cat. No. 48100N
Schedule O (Form 1120) (Rev. 12-2018)
Consent Plan and Apportionment Schedule
SCHEDULE O
(Form 1120)
for a Controlled Group
OMB No. 1545-0123
(Rev. December 2018)
Attach to Form 1120, 1120-C, 1120-F, 1120-FSC, 1120-L, 1120-PC, 1120-REIT, or 1120-RIC.
Department of the Treasury
Go to www.irs.gov/Form1120 for instructions and the latest information.
Internal Revenue Service
Name
Employer identification number
Part I
Apportionment Plan Information
1
Type of controlled group:
a
Parent–subsidiary group
b
Brother–sister group
c
Combined group
d
Life insurance companies only
2
This corporation has been a member of this group:
a
For the entire year.
b
.
From
, 20
, until
, 20
3
This corporation consents and represents to:
a
Adopt an apportionment plan. All the other members of this group are adopting an apportionment plan effective for the
, and for all succeeding tax years.
current tax year which ends on
, 20
b
Amend the current apportionment plan. All the other members of this group are currently amending a previously adopted
, and for all succeeding tax years.
plan, which was in effect for the tax year ending
, 20
c
Terminate the current apportionment plan and not adopt a new plan. All the other members of this group are not adopting
an apportionment plan.
d
Terminate the current apportionment plan and adopt a new plan. All the other members of this group are adopting an
, and for all
apportionment plan effective for the current tax year which ends on
, 20
succeeding tax years.
4
If you checked box 3c or 3d above, check the applicable box below to indicate if the termination of the current apportionment
plan was:
a
Elected by the component members of the group.
b
Required for the component members of the group.
5
If you did not check a box on line 3 above, check the applicable box below concerning the status of the group’s apportionment
plan (see instructions).
a
No apportionment plan is in effect and none is being adopted.
b
An apportionment plan is already in effect. It was adopted for the tax year ending
, and for
, 20
all succeeding tax years.
6
If all the members of this group are adopting a plan or amending the current plan for a tax year after the due date
(including extensions) of the tax return for this corporation, is there at least one year remaining on the statute of limitations
from the date this corporation filed its amended return for such tax year for assessing any resulting deficiency?
See instructions.
a
Yes.
(i)
The statute of limitations for this year will expire on
.
, 20
(ii)
On
, 20
, this corporation entered into an agreement with the Internal Revenue Service to
extend the statute of limitations for purposes of assessment until
.
, 20
b
No. The members may not adopt or amend an apportionment plan.
7
If the corporation has a short tax year that does not include December 31, check the box. See instructions.
For Paperwork Reduction Act Notice, see Instructions for Form 1120.
Cat. No. 48100N
Schedule O (Form 1120) (Rev. 12-2018)
2
Schedule O (Form 1120) (Rev. 12-2018)
Page
Part II
Apportionment (See instructions)
Apportionment
(c)
(d)
(a)
(b)
(e)
Group member’s name and
Tax year end
Accumulated earnings
Penalty for failure to
Other
employer identification number
(Yr-Mo)
credit
pay estimated tax
1
2
3
4
5
6
7
8
9
10
Total
Schedule O (Form 1120) (Rev. 12-2018)
Page of 2