Domestic corporations use this form to:
- Report their income, gains, losses, deductions, credits.
- Figure their income tax liability.
Current Revision
Recent Developments
Relief from additions to tax for underpayments applicable to the new corporate alternative minimum tax -- 21-DEC-2023
Guidance on Determining a Corporation’s Estimated Tax Payment –- 20 -JUN-2023
Contributions in aid of construction for regulated water and sewerage disposal utility companies -- 14-JAN-2022
Schedules
Filers of Schedule M-3 (Form 1120), Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More, use this schedule to provide answers to additional questions.
Use Schedule D (Form 1120) to:
- Figure the overall gain or loss from transactions reported on Form 8949.
- Report certain transactions the corporation does not have to report on Form 8949.
- Report capital gain distributions not reported directly on Form 1120.
Use Schedule G (Form 1120) to provide information applicable to certain entities, individuals, and estates that own, directly, 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote.
A personal service corporation (PSC) that elects to have a tax year other than a calendar year uses this schedule to:
- determine if the PSC meets the minimum distribution requirement for the tax year, or
- figure the limits on deductions if the requirement is not met.
Corporations file Schedule M-3 (Form 1120) to answer questions about their financial statements and reconcile financial statement net income (loss) for the corporation to net and taxable income on Form 1120.
Corporations may have to file this schedule if, at any time during the tax year, they had assets in or operated a business in a foreign country or a U.S. possession.
A corporation that is a component member of a controlled group must use Schedule O (Form 1120) to report the apportionment of taxable income, income tax, and certain tax benefits between all component members of the group.
A corporation that is a personal holding company (PHC) uses Schedule PH (Form 1120) to figure the PHC tax.
Instructions for Schedule PH (Form 1120) (Print Version PDF)
Schedule UTP (Form 1120) asks for information about tax positions that affect the U.S. federal income tax liabilities of certain corporations that issue or are included in audited financial statements and have assets that equal or exceed $10 million.
Instructions for Schedule UTP (Form 1120) (Print Version PDF)