Irs Forms 1093 Details

Form 1120 Sf is a form used by shareholders of domestic corporations electing to have their income taxed at the shareholder level. This form is also for S corporations that want to use the cash method of accounting. The due date for this form is March 15th and it must be filed with the IRS. There are many benefits to using this form, such as paying taxes only on your profits and not on your income, which can save you money. Make sure you are familiar with all the requirements before filing, as there are penalties for incorrect or late filings. Contact an accountant if you have any questions about using this form.

The listing has got specifics of the form 1120 sf. You can go through it just before filling in the form.

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

Form Preview Example

Form 1120- SF

(October 1993)

Department of the Treasury Internal Revenue Service

U.S. Income Tax Return for Settlement Funds

(Under Section 4 6 8 B)

OMB No. 1545-1394 Expires 8-31-96

For tax year beginning

, 19

, and ending

, 19

.

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, and ZIP code

 

 

 

 

 

 

 

 

 

 

 

Please

 

 

 

 

 

 

Name and address of administrator (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check applicable boxes:

(1)

Final return

(2)

Change of address

(3)

Amended return

Part I Income and Deductions of Fund (see instructions)

Deductions Income

1Taxable interest

2 Dividends

3 Capital gain net income (attach Schedule D (Form 1120)) 4 Items of income or gain from a partnership interest

5 Other income (attach schedule)

6 Gross income. Add lines 1 through 5

7Trustee/administrator fees

8 Taxes

9 Accounting and legal services (attach schedule)

10Notification of claimants and claim processing expenses

11Items of loss, deduction, or credit from a partnership interest

12Other deductions (attach schedule)

13Net operating loss deduction

14Total deductions. Add lines 7 through 13

1

2

3

4

5

6

7

8

9

10

11

12

13

14

Part II Tax Computation

15Modified gross income. Subtract line 14 from line 5

16Total tax—Enter 39.6% of line 15 (see instructions)

17Credits and payments:

aOverpayment from prior year allowed

 

as a credit

17a

 

 

 

b

Current year estimated tax payments

17b

 

 

 

c Refund of overpaid estimated tax

 

 

 

 

 

 

applied for on Form 4466

17c

 

 

 

d

Subtract line 17c from the total of lines 17a and 17b

 

17d

 

 

 

 

e

Tax deposited with Form 7004

 

 

17e

 

 

fTotal credits and payments (add lines 17d and 17e)

18Estimated tax penalty (see page 4 of instructions). Check if Form 2220 is attached

19Tax due—If the total of lines 16 and 18 is more than line 17f, enter amount owed

20Overpayment—If line 17f is more than the total of lines 16 and 18, enter amount overpaid

21Enter amount of line 20 you want: Credited to next year’s estimated tax Refunded

15

16

17f

18

19

20

21

Please

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.

Sign

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here

 

 

 

 

 

 

 

 

Signature of person filing return

Date

 

Title

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preparer’s

 

 

Date

 

 

Check

 

Preparer’s social security number

 

 

 

 

 

 

if self-

 

 

Pai d

signature

 

 

 

 

 

 

 

 

 

 

 

 

employed

 

 

Preparer’ s

 

 

 

 

 

 

 

 

 

 

 

Firm’s name (or

 

 

 

 

E.I. No.

Use Only

 

 

 

 

and address

 

 

 

 

ZIP code

 

 

yours if self-employed)

 

 

 

 

 

 

 

 

 

For Paperwork Reduction Act Notice, see page 1 of separate instructions.

 

Cat. No. 14989I

 

Form 1120-SF (10-93)

Form 1120-SF (10-93)

 

 

 

 

 

Page 2

 

 

 

 

 

 

 

Schedule L

Balance Sheets

 

Beginning of year

End of year

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

1

Cash

 

1

 

 

 

 

2

U.S. Government obligations

2

 

 

 

 

3

State and local government obligations

3

 

 

 

 

4

Other investments (attach schedule)

4

 

 

 

 

5

Other assets (attach schedule)

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?

 

 

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

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