Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation. Current Revision Form 1120-S PDF Instructions for Form 1120-S (Print Version PDF) Recent Developments Frequently Asked Questions (FAQs) for Schedules K-2 and K-3 (Forms 1065, 1120S, and 8865) -- 16-FEB-2022 Changes to the 2021 S Corporation Instructions for Schedules K-2 and K-3 (Form 1120-S) -- 18-JAN-2022 Contributions in aid of construction for regulated water and sewerage disposal utility companies -- 14-JAN-2022 Treasury and IRS release draft partnership form to provide greater clarity on international tax reporting --18-AUG-2020 Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020 Schedules Schedule B-1 (Form 1120-S), Information on Certain Shareholders of an S Corporation Use Form 1120-S (Schedule B-1), Information on Certain Shareholders of an S Corporation, to provide the information applicable to any shareholder in the S corporation that was a disregarded entity, a trust, an estate, or a nominee or similar person at any time during the tax year. Schedule B-1 (Form 1120-S) PDF Schedule D (Form 1120-S), Capital Gains and Losses and Built-in Gains Corporations that elect to be S corporations use Schedule D (Form 1120-S) to report: Capital gains and losses. Sales or exchanges of capital assets. Gains on distributions to shareholders of appreciated capital assets. Schedule D (Form 1120-S) PDF Instructions for Schedule D (Form 1120-S) (Print Version PDF) Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc. The S corporation files a copy of this schedule with the IRS to report your share of the corporation's income, deductions, credits, etc. Schedule K-1 (Form 1120-S) PDF Instructions for Schedule K-1 (Form 1120-S) (Print Version) PDF Schedule K-2 (Form 1120-S), Shareholders’ Pro Rata Share Items—International Schedule K-2 (Form 1120-S) is an extension of Form 1120-S, Schedule K. Use Schedule K-2 (Form 1120-S) to report items of international tax relevance from the operation of an S corporation. Schedule K-2 (Form 1120-S) PDF Instructions for Schedule K-2 & K-3 (Form 1120-S) (Print Version) PDF Schedule K-3 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc.—International The S corporation files a copy of this schedule with the IRS to report your share of the corporation's income, deductions, credits, etc that with international tax relevance from the operation of an S corporation. Schedule K-3 (Form 1120-S) PDF Instructions for Schedule K-3 (Form 1120-S) (Print Version) PDF Schedule M-3 (Form 1120-S), Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More Part I of this schedule asks certain questions about the corporation's financial statements and reconciles financial statement worldwide net income (loss) for the corporation to income (loss) per the income statement of the corporation for U.S. income tax purposes. Parts II and III reconcile financial statement net income (loss) for the U.S. tax return to total income (loss) on Form 1120S, Schedule K. Schedule M-3 (Form 1120-S) PDF Instructions for Schedule M-3 (Form 1120-S) (Print Version PDF) Instructions for Schedule D (Form 1120-S) (Print Version PDF) Other Items You May Find Useful All Form 1120-S Revisions Reporting Related to IRC Section 965 on 2017 Returns Tax Reform Guidance for 1120 filers S Corporations Other Current Products Related About Form 720, Quarterly Federal Excise Tax Return About Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return About Form 943, Employer's Annual Federal Tax Return for Agricultural Employees About Form 944, Employer's Annual Federal Tax Return About Form 945, Annual Return of Withheld Federal Income Tax About Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) About Form 1125-A, Cost of Goods Sold
