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Form Instructions 1120-S and Form 1120: Basics

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Form 1120-S: U.S. Income Tax Return for an S Corporation Definition

Instructions Form 1040-N: U.S. Income Tax Return for an American Shareholder Definition Form 1040-N: U.S. Income Tax Return for an American Shareholder is used to report the income and deductions of American shareholders. Instruction Forms 5498-PF: U.S. Federal Income Tax Return Prepared by Individuals Under the Employee Retirement Income Security Act, or ERICA, and Certain Retirement Plans Definition Form 5498-PF: U.S. Federal Income Tax Return Prepared by Individuals Under the Employee Retirement Income Security Act, or ERICA, and Certain Retirement Plans is used to prepare U.S. federal income tax returns for certain retirement plans including individual retirement accounts and annuities, and to report distributions to participants as income. Instruction Forms 941-XN: Return to File Form 941-XN: Return to File is used to file amended returns, returns for return periods that do not have a filing date, or returns for return periods that have filed dates. Important Information Use the IRS Download Software to simplify your filing process. It also works with other free IRS software. Download the IRS Download Software. The IRS Download Software automatically updates your software to the most current version. The software downloads a new version about every 3 months. If you have only a desktop computer without Internet access, you can download the software to your computer from the IRS website. Frequently Asked Questions Can I get an additional statement for a return that I filed with more than one person if they do not file on the same day? Yes. An additional statement, also called a return extension, can be requested for returns that an individual files with more than one person if both individuals file by paper. For more information, click on How To Get An Additional Statement. When will I get my refund if I filed on April 18, 2017? The refund you should be getting will be based on your filing status. See Refund Basics. Will my Social Security and Medicare numbers be safe with the IRS? The IRS regularly receives identity theft claims and is working closely with its data providers to provide you with information to protect your information. We also encourage you to read Identity Theft Basics. Can I get help from the IRS for my tax problem? Our Taxpayer Advocate Service can help you understand your problems, get answers to your questions, and find ways to resolve them. You may also find additional information about filing a Form 2047.

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Form 1120-S: U.S. Income Tax Return for an S Corporation Definition

This form is sent to the Internal Revenue Service (IRS). These schedules can be used to: determine whether there is an election to include S corporation share of income by shareholders of the corporation, and Determine how dividends of the corporation and its shareholders are treated. If an S corporation is treated as a partnership for federal income tax purposes, Form 1120-S also requires information about the partnership's income, deductions, and credits. This information should be listed on Part III. If an S corporation is a personal service corporation (PSC) for federal income tax purposes, Form 1120-S also requires information about the corporation's income, deductions, and credits. This information should be listed on Part III. What if the information on the Schedule A is incorrect? If your Schedule A doesn't give the correct information, we will apply the following adjustments and provide notice of your corrections. If the corrected information doesn't affect the corporation's income tax, we'll include it in the return. If the amended information affects the corporation's federal tax liability, we'll apply either of the following: a) the modified adjusted gross income of the corporation, or b) the corporation's income amount on the Form 1120. If either of the adjustments above applies, no notice should be sent. Corrected return with income amount in effect Before we send a corrected return you must receive the following information. The following information must be found on the corrected return: Your corrected income tax return. Your corrected Form 1120-S. This item lists any adjustments that affect your income tax. You must have your corrected Form 1120-S if you haven't received it yet. The date the schedule is due. Any return received after that date but before the due date of the amended return may not be accepted. Corrected schedule Schedule A Corrected return without income amount on Form 1120-S Form 1120-S may be filed by completing the Form 1120. If a return is missing some or all of the information required on the form, or it's incorrect because of a typographical error, we may not fill the entire form. Therefore, our procedures for completing Schedule A depend on the return missing some or all of the required information. If we find that the return is missing any of the information on Schedule A, we won't make any of the adjustments listed on this form, even if the additional information required is on the form.

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