Table of Contents

• Instructions for Form 1120S - Introductory Material
  • What's New
  • Photographs of Missing Children
  • Unresolved Tax Issues
  • Direct Deposit of Refund
  • How To Get Forms and Publications
• General Instructions
  • Purpose of Form
  • Who Must File
  • Termination of Election
  • Electronic Filing
  • When To File
    • Private Delivery Services
    • Extension of Time To File
  • Who Must Sign
  • Paid Preparer Authorization
  • Assembling the Return
  • Depository Methods of Tax Payment
    • Electronic Deposit Requirement
    • Deposits With Form 8109
  • Estimated Tax Payments
  • Interest and Penalties
  • Accounting Methods
  • Accounting Period
  • Rounding Off to Whole Dollars
  • Recordkeeping
  • Amended Return
  • Other Forms and Statements That May Be Required
  • Passive Activity Limitations
    • Activities That Are Not Passive Activities
    • Trade or Business Activities
    • Rental Activities
    • Portfolio Income
    • Self-Charged Interest
    • Grouping Activities
    • Recharacterization of Passive Income
    • Passive Activity Reporting Requirements
  • Extraterritorial Income Exclusion
• Specific Instructions
  • Period Covered
  • Name and Address
  • Item B. Business Code
  • Item C. Employer Identification Number (EIN)
  • Item E. Total Assets
  • Item F. Initial Return, Final Return, Name Change, Address Change, or Amended Return
  • Item H. Schedule M-3 Information
  • Income
    • Line 1. Gross Receipts or Sales
    • Line 2. Cost of Goods Sold
    • Line 4. Net Gain (Loss) From Form 4797
    • Line 5. Other Income (Loss)
  • Deductions
    • Limitations on Deductions
    • Line 7. Compensation of Officers and Line 8. Salaries and Wages
    • Line 9. Repairs and Maintenance
    • Line 10. Bad Debts
    • Line 11. Rents
    • Line 12. Taxes and Licenses
    • Line 13. Interest
    • Line 14. Depreciation
    • Line 15. Depletion
    • Line 17. Pension, Profit-Sharing, etc., Plans
    • Line 18. Employee Benefit Programs
    • Line 19. Other Deductions
    • Reforestation expenditures.
    • Line 21. Ordinary Business Income (Loss)
  • Tax and Payments
    • Line 22a. Excess Net Passive Income and LIFO Recapture Tax
    • Line 22b. Tax From Schedule D (Form 1120S)
    • Line 22c
    • Line 23d. Credit for Federal Telephone Excise Tax Paid
    • Line 23e
    • Line 24. Estimated Tax Penalty
    • Line 27
  • Schedule A. Cost of Goods Sold
    • Line 1. Inventory at Beginning of Year
    • Line 4. Additional Section 263A Costs
    • Line 5. Other Costs
    • Line 7. Inventory at End of Year
    • Lines 9a Through 9f. Inventory Valuation Methods
  • Schedule B. Other Information
    • Item 2
    • Question 5
    • Item 7
    • Item 8
    • Question 9
  • Schedules K and K-1 (General Instructions)
    • Purpose of Schedules
    • Substitute Forms
    • Shareholder's Pro Rata Share Items
  • Specific Instructions (Schedule K-1 Only)
    • General Information
    • Part I. Information About the Corporation
    • Part II. Information About the Shareholder
  • Specific Instructions (Schedules K and K-1, Part III)
    • Income (Loss)
    • Deductions
    • Credits
    • Foreign Transactions
    • Alternative Minimum Tax (AMT) Items
    • Items Affecting Shareholder Basis
    • Other Information
  • Reconciliation
    • Line 18. Income/Loss Reconciliation (Schedule K Only)
  • Schedule L. Balance Sheets per Books
    • Line 5. Tax-Exempt Securities
    • Line 24. Retained Earnings
    • Line 25. Adjustments to Shareholders' Equity
  • Schedule M-1. Reconciliation of Income (Loss) per Books With Income (Loss) per Return
    • Line 2
    • Line 3b. Travel and Entertainment
  • Schedule M-2. Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders' Undistributed Taxable Income Previously Taxed
    • Column (a). Accumulated Adjustments Account
    • Column (b). Other Adjustments Account
    • Column (c). Shareholders' Undistributed Taxable Income Previously Taxed
    • Distributions
    • Example
• Instructions for Form 1120S - Notices
  • Privacy Act and Paperwork Reduction Act Notice.
• Instructions for Form 1120S - Additional Material
  • Form 1120S
    • Principal Business Activity Codes
    • Agriculture, Forestry, Fishing and Hunting
    • Mining
    • Utilities
    • Construction
    • Manufacturing
    • Wholesale Trade
    • Retail Trade
    • Transportation and Warehousing
    • Information
    • Finance and Insurance
    • Real Estate and Rental and Leasing
    • Professional, Scientific, and Technical Services
    • Management of Companies (Holding Companies)
    • Administrative and Support and Waste Management and Remediation Services
    • Educational Services
    • Health Care and Social Assistance
    • Arts, Entertainment, and Recreation
    • Accommodation and Food Services
    • Other Services
• Index