Form 1120 Sf PDF 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?Yes
Fillable fields1
Avg. time to fill out42 sec
Other namesirs form 1093, usps form 1093, 1093 form, irs forms 1093

Form Preview Example

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<![endif]>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.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<![endif]>or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<![endif]>Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<![endif]>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

 

 

 

 

 

 

 

 

 

<![endif]>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

 

 

 

 

 

 

 

 

 

<![endif]>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)

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As part of part Cash, Assets, USGovernmentobligations, Stateandlocalgovernmentobligations, Otherinvestmentsattachstatement, Otherassetsattachstatement, TotalassetsAddlinesthrough, LiabilitiesandFundBalance, Liabilities, Fundbalance, TotalAddlinesand, AdditionalInformation, and YesNo, define the rights and responsibilities.

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