Initial Return CodeThis figure includes examples a and b. Example a is a completed calendar year Form 1120 (entity section only). The date incorporated indicates October 1, 2024, within 12 months of the Tax Period ending date. The name control is underlined.Initial Return Code 2 is edited in the right margin. Edit initial return code when the date incorporated is within 12 months from the Tax Period ending date.Tax Period Beginning edited.Example b is a completed calendar year Form 1120 (entity section only) and a Page 5, Schedule L with no entries present. The name control is underlined.Initial return code 2 is edited in the right margin (the date incorporated is not present and Schedule L is blank). Edit initial return code when columns (a) and (b) of the balance sheet are blank or zeros and the date incorporated is within 24 months or blank.Tax Period Beginning edited.