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IRS Form 1120S — 1120-S. Official IRS tax form (260.85 KB). Get AI-powered field-by-field guidance in the BrieflyGo AI Editor.
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IRS Form 1120S — 1120-S. Official IRS tax form (260.85 KB). Get AI-powered field-by-field guidance in the BrieflyGo AI Editor.
Plain English
This is a corporate tax form that businesses use to report their annual income and expenses to the IRS. The corporation calculates its taxable income by subtracting allowable expenses from gross revenue, then applies the corporate tax rate to determine the tax owed.
Submission Date
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Entity Info
2 items
Full legal name of the corporation and its Employer Identification Number.
Current mailing address and date of incorporation.
Income
3 items
Total revenue from business operations before deducting costs.
Direct costs attributable to producing goods sold by the corporation.
Gross receipts minus cost of goods sold and returns/allowances.
Deductions
1 items
Sum of all business expenses including compensation, rent, interest, taxes, and depreciation.
Tax
2 items
Total income minus total deductions.
Tax calculated on taxable income using the applicable corporate tax rate, minus any credits.
Signatures
1 items
An authorized corporate officer must sign and date the return.
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