1120A Form PDF Details

The 1120A form is for U.S. citizens and resident aliens to report income from a U.S. trade or business conducted by a partnership, estate, or trust. This form is used to figure the partnership's or estate's share of income, deductions, credits, etc., from the trade or business. The 1120A form must be filed by the due date (including extensions) of the partnership's or estate's tax return for its taxable year that includes the last day of the partnership's tax year or the due date (excluding extensions) of the estate's tax return for its taxable year that includes the death of the decedent. Be sure to file this form if you are a U.S.

Question	Answer
Form Name	1120A Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	irs form 1120a, 1120 a, 1120 a form, 1120 c corp

Form Preview Example

Form1120-A

U.S. Corporation Short-Form Income Tax Return

OMB No. 1545-0890

2006

Department of the Treasury

For calendar year 2006 or tax year beginning

, 2006, ending

, 20

▶ See separate instructions to make sure the corporation qualifies to file Form 1120-A.

Internal Revenue Service

Name

B Employer identification number

A Check this box if the

Use IRS

label.

corporation is a

Number, street, and room or suite no. If a P.O. box, see instructions.

C Date incorporated

Otherwise,

personal service

print or

corporation (see

instructions)

type.

City or town, state, and ZIP code

D Total assets (see instructions)

E Check if:

(1)

Initial return

(2)

Final return

(3)

Name change

(4)

Address change

F Check accounting method:

(1)

Cash

(2)

Accrual

(3)

Other (specify)

▶

Income

(See instructions for Deductions limitations on deductions.)

Tax and Payments

1a	Gross receipts or sales			b Less returns and allowances						c Balance ▶		1c
2	Cost of goods sold (see instructions)											2
3	Gross profit. Subtract line 2 from line 1c											3
4	Domestic corporation dividends subject to the 70% deduction											4
5	Interest											5
6	Gross rents											6
7	Gross royalties											7
8	Capital gain net income (attach Schedule D (Form 1120))											8
9	Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797)											9
10	Other income (see instructions—attach schedule)											10
11	Total income. Add lines 3 through 10										▶	11
12	Compensation of officers (see instructions)											12
13	Salaries and wages (less employment credits)											13
14	Repairs and maintenance											14
15	Bad debts											15
16	Rents											16
17	Taxes and licenses											17
18	Interest											18
19	Charitable contributions											19
20	Depreciation from Form 4562 not claimed elsewhere on return (attach Form 4562)											20
21	Domestic production activities deduction (attach Form 8903)											21
22	Other deductions (attach schedule)											22
23	Total deductions. Add lines 12 through 22										▶	23
24	Taxable income before net operating loss deduction and special deductions. Subtract line 23 from line 11											24
25	Less:	a Net operating loss deduction (see instructions)						25a
25	Less:	a Net operating loss deduction (see instructions)						25a
		b Special deductions (see instructions)						25b				25c
26	Taxable income. Subtract line 25c from line 24											26
27	Total tax (page 2, Part I, line 5)											27
28 a	2005 overpayment credited to 2006			28a
b	2006 estimated tax payments			28b
c	2006 refund applied for on Form 4466			28c	(	)	Bal ▶	28d
e	Tax deposited with Form 7004							28e
f	Credits:	(1) Form 2439	(2) Form 4136					28f
f	Credits:	(1) Form 2439	(2) Form 4136					28f
g	Credit for federal telephone excise tax (attach Form 8913)											28g
h	Total payments. Add lines 28d through 28g											28h
29	Estimated tax penalty (see instructions). Check if Form 2220 is attached									▶		29
30	Amount owed. If line 28h is smaller than the total of lines 27 and 29, enter amount owed											30
31	Overpayment. If line 28h is larger than the total of lines 27 and 29, enter amount overpaid											31
32	Enter amount from line 31 you want: Credited to 2007 estimated tax ▶								Refunded ▶			32
32									Refunded ▶			32

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

				May the IRS discuss this return
				with the preparer shown below
				(see instructions)?	Yes	No
▶ Signature of officer		▶		(see instructions)?	Yes	No
▶ Signature of officer	Date	▶	Title

Paid	Preparer’s		Date		Check if		Preparer’s SSN or PTIN
	Preparer’s
	signature ▶
Preparer’s	signature ▶				self-employed
Preparer’s	Firm’s name (or	▶				EIN
	Firm’s name (or
Use Only
Use Only	address, and ZIP code					Phone no. (	)
	yours if self-employed),
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.				Cat. No. 11456E			Form 1120-A (2006)

Form 1120-A (2006)		Page 2

Part I	Tax Computation (see instructions)

1	Income tax. If the corporation is a qualified personal service corporation (see instructions), check here		▶
2	General business credit. Check box(es) and indicate which forms are attached:
	Form 3800	Form(s) (specify) ▶

3	Subtract line 2 from line 1
4	Other taxes. Check if from:	Form 4255	Form 8611	Form 8697	Form 8866	Form 8902
	Other (attach schedule)

5Total tax. Add lines 3 and 4. Enter here and on page 1, line 27

Part II Other Information (see instructions)

1See instructions and enter the: a Business activity code no. ▶ b Business activity ▶

c Product or service ▶

2At the end of the tax year, did any individual, partnership, estate, or trust own, directly or indirectly, 50% or more of the corporation’s voting stock? (For rules of attribution, see section

267(c).)

Yes

If “Yes,” attach a schedule showing name and identifying number.

3Enter the amount of tax-exempt interest received or accrued

during the tax year

▶

4Enter total amount of cash distributions and the book value of property distributions (other than cash) made during the tax

year

▶

Part III Balance Sheets per Books

		1	Cash
		2a	Trade notes and accounts receivable
		b	Less allowance for bad debts
		3	Inventories
		4	U.S. government obligations
	Assets	5	Tax-exempt securities (see instructions)
	Assets	6	Other current assets (attach schedule)
		6	Other current assets (attach schedule)
		7	Loans to shareholders
		8	Mortgage and real estate loans
		9a	Depreciable, depletable, and intangible assets
		b	Less accumulated depreciation, depletion, and amortization
		10	Land (net of any amortization)
		11	Other assets (attach schedule)
		12	Total assets
		13	Accounts payable
	Shareholders’Equity	14	Other current liabilities (attach schedule)
Liabilitiesand		15	Loans from shareholders
		16	Mortgages, notes, bonds payable
		17	Other liabilities (attach schedule)
		17	Other liabilities (attach schedule)
		18	Capital stock (preferred and common stock)
		19	Additional paid-in capital
		20	Retained earnings
		21	Adjustments to shareholders’ equity (attach schedule)
		22	Less cost of treasury stock
		23	Total liabilities and shareholders’ equity

5a If an amount is entered on page 1, line 2, enter from worksheet in instructions:

(1)Purchases

(2)Additional 263A costs (attach schedule)

(3)Other costs (attach schedule)

bIf property is produced or acquired for resale, do the rules of section

263A apply to the corporation?

Yes

6At any time during the calendar year, did the corporation have an interest in or a signature or other authority over a financial account (such as a bank account, securities

account, or other financial account) in a foreign country?

Yes

If “Yes,” the corporation may have to file Form TD F 90-22.1. If “Yes,” enter the name of the foreign country ▶

7Are the corporation’s total receipts (line 1a plus lines 4 through 10 on page 1) for the tax year and its total assets at the end of the tax

year less than $250,000?

Yes

If “Yes,” the corporation is not required to complete Parts III and IV below.

(a) Beginning of tax year

(b) End of tax year

(

)

(

)

(

)

(

)

(

)

(

)

Part IV Reconciliation of Income (Loss) per Books With Income per Return

1Net income (loss) per books

2 Federal income tax per books

3 Excess of capital losses over capital gains

4 Income subject to tax not recorded on books this year (itemize):

5 Expenses recorded on books this year not deducted on this return (itemize):

6 Income recorded on books this year not included on this return (itemize):

7 Deductions on this return not charged against book income this year (itemize):

8 Income (page 1, line 24). Enter the sum of lines 1 through 5 less the sum of lines 6 and 7

Form 1120-A (2006)

How to Edit 1120A Form Online for Free

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1. To begin with, while completing the 1120 due date, start out with the section containing subsequent fields:

2. After completing this part, head on to the subsequent stage and enter all required details in all these blank fields - c , c , h , Taxes and licenses Interest, Domestic production activities, a b, a b, Net operating loss deduction see, overpayment credited to , Tax deposited with Form , Form , Credits Credit for federal, Form , Total payments Add lines d through, and Bal .

Form , Bal , and Tax deposited with Form of irs form 1120a

As for Form and Bal , be sure that you double-check them in this current part. Those two could be the most important ones in this file.

3. This next section is about Paid Preparers Use Only For, Preparers signature Firms name or, Check if selfemployed, EIN Phone no, Cat No E, and Form A - fill in all these fields.

4. To go forward, this fourth part will require typing in a handful of form blanks. These comprise of Part I, Tax Computation see instructions, Income tax If the corporation is a, Forms specify , Form , Form , Form , If an amount is entered on page , Purchases Additional A costs, Yes, If property is produced or, Yes, Yes, Beginning of tax year, and End of tax year, which you'll find key to moving forward with this PDF.

Part number 4 for completing irs form 1120a

5. The pdf should be wrapped up by dealing with this area. Here you'll see a full set of fields that must be completed with specific details for your document submission to be accomplished: Beginning of tax year, End of tax year, Cash Trade notes and accounts, b Less allowance for bad debts, Inventories US government, Accounts payable Other current, s t e s s A a b, d n a, s e i t i l i, b a L, y t i u q E, Part IV, s r e d o h e r a h S, Loans from shareholders Mortgages, and Reconciliation of Income Loss per.

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1120A Form – Fill Out and Use This PDF

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