This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for IRS Form 1120-S for the current year.
This document contains official instructions for IRS Form 1120-S , U.S. Income Tax Return for an S Corporation - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1120-S Schedule D is available for download through this link.
Q: What is IRS Form 1120-S?A: IRS Form 1120-S is the U.S. Income Tax Return for an S Corporation.
Q: Who should file IRS Form 1120-S?A: S corporations should file IRS Form 1120-S.
Q: What is the purpose of IRS Form 1120-S?A: IRS Form 1120-S is used to report the income, deductions, and credits of an S corporation.
Q: When is the deadline to file IRS Form 1120-S?A: The deadline to file IRS Form 1120-S is the 15th day of the 3rd month after the end of the corporation's tax year.
Q: Is there an extension available for filing IRS Form 1120-S?A: Yes, an extension of time to file IRS Form 1120-S can be requested using Form 7004.
Q: Are there any specific requirements for completing IRS Form 1120-S?A: Yes, S corporations must include Schedule K-1 for each shareholder, as well as other supporting schedules and forms as necessary.
Q: Do I need to attach any additional documents when filing IRS Form 1120-S?A: Yes, S corporations must attach Schedule K-1 and any other supporting schedules and forms as required.
Q: Can I file IRS Form 1120-S electronically?A: Yes, IRS Form 1120-S can be filed electronically using approved e-file providers or the IRS' e-file system.
Q: What if my S corporation has no activity or income for the tax year?A: Even if there is no activity or income, S corporations are still required to file IRS Form 1120-S.
Q: Can I amend my IRS Form 1120-S if I made a mistake?A: Yes, you can file an amended IRS Form 1120-S using Form 1120X to correct any errors or omissions.
Instruction Details:
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