Form 1120 Sf PDF Details

The Form 1120-SF is a crucial document for settlement funds in the United States, serving as their income tax return under Section 468B. This form, revised in November 2018, requires detailed information about a fund's income, deductions, and tax computations for the calendar year it covers. It includes various parts where the fund needs to report its taxable interest, dividends, capital gain net income, and other relevant financial activities. Deductions allowed include trustee or administrator fees, taxes, accounting and legal services, and others directly tied to the fund's operation. The form not only ensures compliance with the Internal Revenue Service but also helps maintain transparency regarding the financial health and activities of the settlement fund. It's instrumental in calculating the fund's tax obligations, including any overpayments from prior years that could be credited or refunded. Additionally, the form includes sections for reporting the fund's balance sheet details at the beginning and end of the year, providing a comprehensive overview of its financial standing. For funds, correctly filling out and submitting Form 1120-SF is a vital part of managing their tax-related responsibilities and contributes to their overall governance and accountability.

QuestionAnswer
Form NameForm 1120 Sf
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameswhat is a 1093 tax form, irs 1093, irs form 1093, 1093 c tax form

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Form 1120-SF

 

 

U.S. Income Tax Return for Settlement Funds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Rev. November 2018)

 

 

 

(Under Section 468B)

 

 

 

 

 

 

 

 

 

 

OMB No. 1545-0123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Department of the Treasury

 

 

▶ Go to www.irs.gov/Form1120SF for instructions and the latest information.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Internal Revenue Service

 

 

 

 

 

For calendar year 20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Print

Name of fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employer identification number

of fund (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City or town, state or province, country, and ZIP or foreign postal code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name and address of administrator (see instructions for definition)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check applicable boxes:

(1)

Final return

(2)

Name change

(3)

Address change

(4)

 

Amended return

Part I

 

 

Income and Deductions (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

Taxable interest

1

 

 

 

 

 

 

 

 

 

Income

2

 

 

Dividends

2

 

 

 

 

 

 

 

 

 

3

 

 

Capital gain net income (attach Schedule D (Form 1120))

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

Items of income or gain from a partnership interest

4

 

 

 

 

 

 

 

 

 

 

5

 

 

Other income (attach statement)

5

 

 

 

 

 

 

 

 

 

 

6

 

 

Gross income. Add lines 1 through 5

6

 

 

 

 

 

 

 

 

 

 

7

 

 

Trustee/administrator fees

7

 

 

 

 

 

 

 

 

 

Deductions

8

 

 

Taxes

8

 

 

 

 

 

 

 

 

 

12

 

 

Net operating loss deduction

12

 

 

 

 

 

 

 

 

 

9

 

 

Accounting and legal services (attach statement)

9

 

 

 

 

 

 

 

 

 

 

10

 

 

Notification of claimants and claim processing expenses

10

 

 

 

 

 

 

 

 

 

11

 

 

Other deductions (attach statement)

11

 

 

 

 

 

 

 

 

 

13

 

 

Total deductions. Add lines 7 through 12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

 

 

 

 

 

 

 

 

Part II

 

 

Tax Computation (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

 

 

Modified gross income. Subtract line 13 from line 6

14

 

 

 

 

 

 

 

 

 

15

 

 

Total tax. Multiply the amount on line 14 by 37% (0.37)

15

 

 

 

 

 

 

 

 

 

16

 

 

Credits and payments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a

 

Overpayment from prior year allowed as

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a credit

 

16a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b

 

Current year estimated tax payments .

 

16b

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c

 

Refund of overpaid estimated tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

applied for on Form 4466

 

16c

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d

 

Subtract line 16c from the total of lines 16a and 16b . . . .

16d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

e

 

Tax deposited with Form 7004 . . .

. . . . . . . .

16e

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

f

 

Total credits and payments (add lines 16d and 16e)

16f

 

 

 

 

 

 

 

 

 

17

 

 

Estimated tax penalty. See instructions. Check if Form 2220 is attached .

. . . ▶

17

 

 

 

 

 

 

 

 

 

18

 

 

Tax due. If the total of lines 15 and 17 is more than line 16f, enter amount owed . . .

18

 

 

 

 

 

 

 

 

 

19

 

 

Overpayment. If line 16f is more than the total of lines 15 and 17, enter amount overpaid

19

 

 

 

 

 

 

 

 

 

20

 

 

Enter amount of line 19 you want: Credited to next year’s estimated tax ▶

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Refunded ▶

. . . . . . .

 

20

 

 

 

 

 

 

 

 

 

 

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,

Sign

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

Here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

with the preparer shown below?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See instructions.

Yes No

 

 

 

▲Signature of fund administrator

 

 

 

 

Date

 

▲Title

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paid

 

 

 

Print/Type preparer’s name

 

 

Preparer’s signature

 

 

 

 

Date

 

 

 

Check

if

 

PTIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preparer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

self-employed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firm’s name ▶

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firm’s EIN ▶

 

 

 

 

Use Only

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Firm’s address ▶

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phone no.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Paperwork Reduction Act Notice, see separate instructions.

 

 

 

 

Cat. No. 14989I

 

 

 

Form 1120-SF (Rev. 11-2018)

Form 1120-SF (Rev. 11-2018)

 

 

 

Page 2

 

Balance Sheets

 

 

 

 

 

Schedule L

 

 

(a) Beginning of year

(b) End of year

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

1

Cash

 

1

 

 

 

2

U.S. Government obligations

 

2

 

 

 

3

State and local government obligations

 

3

 

 

 

4

Other investments (attach statement)

 

4

 

 

 

5

Other assets (attach statement)

 

5

 

 

 

6

Total assets. Add lines 1 through 5

 

6

 

 

 

 

 

Liabilities and Fund Balance

 

 

 

 

 

7

Liabilities

 

7

 

 

 

8

Fund balance

 

8

 

 

 

9

Total. Add lines 7 and 8

 

9

 

 

 

Additional Information

 

 

 

Yes

No

 

 

 

1a Enter the amount of cash and the fair market value of property, valued at the date of the transfer,

 

 

 

transferred to the fund during the tax year

. . . . . . . . . $

 

 

bFor transfers of property included on line 1a, attach a copy of each qualified appraisal and the statements received from a transferor under Regulations sections 1.468B-3(b) and 1.468B-3(e).

c

Were amounts transferred to the fund during the tax year by a person other than a transferor? .

. . . . .

▶

2

Enter the amount of tax-exempt interest received or accrued during the tax year

$

 

 

3a

Were direct and indirect distributions made to claimants during the tax year?

. . . . .

▶

b

If “Yes,” enter the amount of the total distributions

$

 

 

4a

Did the fund make any distributions (including deemed distributions) to a transferor or related party during the tax

 

year?

. . . . .

▶

b If “Yes,” enter the amount of the total distributions and attach a statement showing the name,

$

 

 

 

identifying number, and the amount of distributions to each transferor or related party . . .

 

 

5a

Check the type of liability (or liabilities) for which the fund was established.

 

 

 

 

Tort

 

 

 

Breach of Contract

Violation of Law

CERCLA

Other

bIf “Other” is checked, enter the percent (by value) of the assets of the fund that are allocated to the

“Other” liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶

%

Attach a statement describing the type of liability (or liabilities).

 

 

6If the fund was established by a court order, enter the Court Order Number under which the fund was established . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form 1120-SF (Rev. 11-2018)

How to Edit Form 1120 Sf Online for Free

It really is quite simple to prepare the irs form 1093. Our PDF editor was built to be help you prepare any form swiftly. These are the four steps to take:

Step 1: The very first step should be to select the orange "Get Form Now" button.

Step 2: The moment you get into the irs form 1093 editing page, you will notice all of the actions you can take regarding your template at the top menu.

For every single segment, create the details demanded by the program.

completing irs forms 1093 stage 1

You need to provide the crucial details in the Part I Part II, s n o i t c u d e D, Taxable interest Dividends, Modified gross income Subtract, Total tax Multiply the amount on, a Overpayment from prior year, a credit, b Current year estimated tax, applied for on Form, tax, d Subtract line c from the total, d e, and Overpayment If line f is more than area.

Completing irs forms 1093 stage 2

You will be required to enter the details to help the program fill out the segment Sign Here, Enter amount of line you want, Under penalties of perjury I, Signature of fund administrator, Date, Title, Paid Preparer Use Only, PrintType preparers name, Preparers signature, Date, Firms name, Firms address, For Paperwork Reduction Act Notice, Cat No I, and May the IRS discuss this return.

irs forms 1093 Sign Here, Enter amount of line you want, Under penalties of perjury I, Signature of fund administrator, Date, Title, Paid Preparer Use Only, PrintType preparers name, Preparers signature, Date, Firms name, Firms address, For Paperwork Reduction Act Notice, Cat No I, and May the IRS discuss this return blanks to complete

As part of part Cash, Assets, US Government obligations, State and local government, Other investments attach statement, Other assets attach statement, Total assets Add lines through, Liabilities and Fund Balance, Liabilities, Fund balance, Total Add lines and, Additional Information, Yes No, a Enter the amount of cash and, and b For transfers of property, define the rights and responsibilities.

Finishing irs forms 1093 part 4

Review the areas Enter the amount of taxexempt, a Were direct and indirect, b If Yes enter the amount of the, a Did the fund make any, year, If Yes enter the amount of the, a Check the type of liability or, Tort, Breach of Contract, Violation of Law, CERCLA, and Other and then fill them in.

stage 5 to finishing irs forms 1093

Step 3: Select the Done button to be sure that your finished file is available to be exported to any type of device you end up picking or mailed to an email you specify.

Step 4: Prepare copies of the document. It will save you from possible problems. We cannot see or distribute your data, therefore feel comfortable knowing it's going to be secure.

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