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
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
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.
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.
Instructions for Schedule D (Form 1120-S) (Print Version PDF)
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) 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
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
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)