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Form 1120-SG: 1120 (Schedule G)
IRS Form 1120 Schedule G is used to provide information on certain persons owning the corporation’s voting stock. It must be filed by corporations that answer 'Yes' to Form 1120 Schedule K Questions 4a or 4b. The form requires listing entities, individuals, or estates that own directly 20% or more, or directly or indirectly 50% or more of voting stock.
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IRS Form 1120-SG - 1120 (Schedule G)
IRS Form 1120 Schedule G is used to provide information on certain persons owning the corporation’s voting stock. It must be filed by corporations that answer 'Yes' to Form 1120 Schedule K Questions 4a or 4b. The form requires listing entities, individuals, or estates that own directly 20% or more, or directly or indirectly 50% or more of voting stock.
Risk Radar
Scan points- 1Failing to apply constructive ownership rules could cause underreporting of stock ownership.
- 2Listing a disregarded entity instead of its owner (see instructions).
- 3Failing to report indirect ownership through partnerships or trusts.
- 4Not using section 267(c) constructive ownership rules (excluding 267(c)(3)).
- 5Omitting entities that own 20% or more directly, or 50% or more directly or indirectly.
Plain English
This form tells the IRS who really controls a corporation by listing large shareholders. Corporations use it to report any entity, individual, or estate that owns at least 20% directly, or 50% directly or indirectly, of the voting stock. It attaches to the corporation's annual tax return (Form 1120).
Submission Date
- Filing date: 2012-07-17 00:00:00
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when the corporation answers 'Yes' to Form 1120, Schedule K, Questions 4a or 4b, to provide information on entities, individuals, or estates that own directly 20% or more, or directly or indirectly 50% or more of the total voting power of all classes of the corporation's stock entitled to vote.
- Do not use it when the corporation does not answer 'Yes' to Form 1120 Schedule K Questions 4a or 4b, or when no owner meets the ownership thresholds.
- Check Form 1120 Schedule K Questions 4a and 4b instead when determining if Schedule G is required.
Form selector
Use this form or another form?
Filing a consolidated return
List parent corporation, not subsidiaries
✓ Confirm you are filing a consolidated return
Owner is a disregarded entity
List entity owner, not disregarded entity
✓ Verify if owner is an entity or individual
Owner of disregarded entity is an individual
List individual in Part II, not Part I
✓ Determine if owner is individual
Need to determine if Schedule G is required
Answer Yes to Questions 4a or 4b triggers filing
✓ Review Schedule K questions
Deadline or filing window
Not stated in the official source. Since the form attaches to Form 1120, the filing deadline is the same as Form 1120, but this is not provided in the source.
Checklist
What you need before filling it out
Part I: Name of Entity
Entity name as on records · Corporate records
Part I: Employer Identification Number
EIN (if any) · IRS correspondence or entity records
Part I: Type of Entity
Corporation, partnership, trust, or tax-exempt organization · Entity formation documents
Part I: Country of Organization
Country where entity is organized · Entity documents
Part I: Percentage Owned in Voting Stock
Direct and indirect ownership percentage · Ownership records
Part II: Name of Individual or Estate
Full name · Identification documents
Part II: Identifying Number
SSN or EIN (if any) · Tax documents
Part II: Country of Citizenship
Citizenship of individual or decedent for estate · Passport or estate documents
Before you submit
- 1Confirm that the corporation answered 'Yes' to Form 1120 Schedule K Question 4a or 4b
- 2Verify that all entities listed in Part I meet the ownership thresholds (direct 20% or more, or direct/indirect 50% or more)
- 3Ensure constructive ownership rules under section 267(c) are applied correctly
- 4For consolidated returns, list parent corporation only, not subsidiary members
- 5For disregarded entities, list the entity owner, not the disregarded entity
- 6If owner of disregarded entity is an individual, list in Part II
- 7Complete all columns for each entry: name, EIN, type, country, percentage
- 8Attach Schedule G to Form 1120 before filing
- 9Keep a copy for records
- 10Use the current revision (12-2011)
How to file this form
- 1Determine if Form 1120 Schedule K Questions 4a or 4b are answered 'Yes'
- 2Identify all entities, individuals, and estates that meet the ownership thresholds
- 3Apply constructive ownership rules under section 267(c)
- 4Complete Part I for entities (corporations, partnerships, trusts, tax-exempt organizations) that meet thresholds
- 5Complete Part II for individuals and estates that meet thresholds
- 6Enter the required information in each column
- 7Attach Schedule G to Form 1120
- 8File Form 1120 with Schedule G attached by the due date of the corporation's tax return
Known limitations
- 1Constructive ownership rules of section 267(c) apply, but section 267(c)(3) is excluded
- 2Family attribution rules have specific exceptions; see examples in instructions
- 3For affiliated groups filing consolidated returns, list only the parent corporation
- 4For disregarded entities, list the entity owner; if the owner is an individual, list in Part II
- 5The form does not apply if the corporation answers 'No' to Schedule K Questions 4a and 4b
Field map
Compact field-by-field guide
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.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition is Revision December 2011 (12-2011). The source does not indicate any subsequent changes or a 'latest information' page.
What changed or needs a fresh check
- Edition date — confirm revision reads December 2011 (12-2011)
- Fee — Not stated in the official source — verify on the agency site
- Mailing address — Not stated in the official source — verify on the agency site
- Signature — Schedule G is attached to Form 1120; sign Form 1120 as part of the return
- OMB No. — 1545-0123 is printed on the form
- Paperwork Reduction Act Notice — see the Instructions for Form 1120
Quick Facts
Downloads
After you file
- 1Retain a copy of Schedule G with the corporation's tax return
- 2Keep records for at least 3 years after filing
- 3If an error is discovered, file an amended Form 1120X with corrected Schedule G
- 4Monitor for IRS notices regarding ownership information
- 5Ensure that any changes in ownership are reported on future returns
Sources
- SRCForm p.1 — Title and purpose: Schedule G (Form 1120) Information on Certain Persons Owning the Corporation’s Voting Stock
- SRCForm p.1 — Part I columns (i)-(v) for entities
- SRCForm p.1 — Part II columns (i)-(iv) for individuals/estates
- SRCForm p.2 — Purpose of Form: provide information on certain owners
- SRCForm p.2 — Who Must File: corporations answering Yes to Schedule K Q4a or Q4b
- SRCForm p.2 — Constructive ownership rules apply
- SRCForm p.2 — Specific Instructions for Part I and Part II
- SRCForm p.2 — Example 2 and 3 illustrate family attribution rules
- SRCForm p.2 — For consolidated returns, list parent corporation
- SRCForm p.2 — For disregarded entities, list entity owner; if owner is individual, list in Part II
Common confusion points
When to list in Part I vs Part II
Part I is for entities (corporations, partnerships, trusts, tax-exempt organizations); Part II is for individuals and estates
→ Check the type of owner: entity or individual/estate
How to apply constructive ownership
Rules under section 267(c) attribute ownership from entities to owners and among family members
→ Review examples in instructions and apply attribution rules step by step
What percentage to report
Report direct and indirect ownership as calculated
→ Use the total voting power percentage, including attributed ownership
How to handle disregarded entities
List the entity owner, not the disregarded entity itself
→ Determine if the owner is an entity or individual; if individual, list in Part II
How to handle consolidated returns
List the parent corporation only, not subsidiary members
→ Confirm you are filing a consolidated return and identify the parent
What is country of citizenship for an estate
The citizenship of the decedent
→ Use the decedent's citizenship, not the estate's country of administration
What identifying number to use
For entities, EIN; for individuals, SSN or ITIN; for estates, EIN
→ Use the number associated with the owner's tax filings
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 1120X — to amend ownership information
Questions about IRS Form 1120-SG
What is IRS Form 1120-SG used for?
This form tells the IRS who really controls a corporation by listing large shareholders. Corporations use it to report any entity, individual, or estate that owns at least 20% directly, or 50% directly or indirectly, of the voting stock. It attaches to the corporation's annual tax return (Form 1120).
Who must file IRS Form 1120-SG?
Every corporation that answers 'Yes' to Form 1120, Schedule K, Questions 4a or 4b must file Schedule G to provide additional information on certain entities, individuals, and estates owning the corporation’s voting stock.
What information does IRS Form 1120-SG require?
Part I collects information on foreign or domestic corporations, partnerships, trusts, or tax-exempt organizations that own the specified voting stock. Part II collects information on individuals or estates that own the specified voting stock. Each part requires name, identifying number, type/country, and percentage owned.
How do I complete IRS Form 1120-SG?
Complete Part I if the corporation answered 'Yes' to Form 1120, Schedule K, Question 4a, listing each entity that meets the ownership thresholds. Complete Part II if the corporation answered 'Yes' to Question 4b, listing individuals or estates. Apply constructive ownership rules under section 267(c) (excluding 267(c)(3)). Attach the completed Schedule G to Form 1120.
When to list in Part I vs Part II — what should I check?
Part I is for entities (corporations, partnerships, trusts, tax-exempt organizations); Part II is for individuals and estates Check the type of owner: entity or individual/estate
How to apply constructive ownership — what should I check?
Rules under section 267(c) attribute ownership from entities to owners and among family members Review examples in instructions and apply attribution rules step by step
What percentage to report — what should I check?
Report direct and indirect ownership as calculated Use the total voting power percentage, including attributed ownership
How to handle disregarded entities — what should I check?
List the entity owner, not the disregarded entity itself Determine if the owner is an entity or individual; if individual, list in Part II
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