IRS 1120 U.S. Corporation Income Tax Return Form

Every U.S. corporation must report its income, gains, losses, deductions, credits, and to figure its  income tax liability through this form.  It is advised that it should  go through the instructions which involve purpose of form, who must file, where to file, and other issues pertaining to filing 2016 Form 1120, U.S. Corporation Income Tax Return. For more instructions, visit https://www.irs.gov/pub/irs-pdf/i1120.pdf.

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Form 1120

 

2012

 

U.S. Corporation Income Tax Return 

 

Department of the Treasury Internal Revenue Service

▶ Information about Form 1120 and its separate instructions is at www.irs.gov/form1120.

OMB No. 1545-0123For calendar year 2012 or tax year beginning , 2012, ending , 20 

A Check if:

1a Consolidated return (attach Form 851) .

Life/nonlife consoli- dated return…

Personal holding co. (attach Sch. PH) ..

Personal service corp. (see instructions)..

Schedule M-3 attached

TYPE OR PRINT 

Total assets (see instructions)

Check if: (1) 

(2) 

(3) 

(4) 

Income

1

a

Gross receipts or sales ……………..

1a

b

Returns and allowances ……………..

1b

c

Balance. Subtract line 1b from line 1a …………………

1c

2

Cost of goods sold (attach Form 1125-A)………………..

2

3

Gross profit. Subtract line 2 from line 1c ………………..

3

4

Dividends (Schedule C, line 19) ………………….

4

5

Interest ………………………..

5

6

Gross rents ……………………….

6

7

Gross royalties ………………………

7

8

Capital gain net income (attach Schedule D (Form 1120)) ……………

8

9

Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) ………..

9

10

Other income (see instructions—attach statement) ……………..

10

11

Total income. Add lines 3 through 10 ………………… ▶

11 

Deductions (See instructions for limitations on deductions.)

12

12

Compensation of officers (see instructions—attach Form 1125-E) ………… ▶

13

Salaries and wages (less employment credits) ………………

13

14

Repairs and maintenance ……………………

14

15

Bad debts………………………..

15

16

Rents …………………………

16

17

Taxes and licenses ……………………..

17

18

Interest ………………………..

18

19

Charitable contributions …………………….

19

20

Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562)..

20

21

Depletion ………………………..

 

21

 

22

 

Advertising ……………………….

 

22

 

23

 

Pension, profit-sharing, etc., plans …………………

 

23

 

24

 

Employee benefit programs …………………..

 

24

 

25

 

Domestic production activities deduction (attach Form 8903) …………..

 

25

 

26

 

Other deductions (attach statement) …………………

 

26

 

27

 

Total deductions. Add lines 12 through 26 ………………. ▶

 

27

 

28

 

Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11.

 

28

 

29

 

a

 

Net operating loss deduction (see instructions) ……….

 

29a

 

b

 

Special deductions (Schedule C, line 20)…………

 

29b

 

c

 

Add lines 29a and 29b…………………….

 

29c

 

Tax, Refundable Credits, and Payments

 

30

 

Taxable income. Subtract line 29c from line 28 (see instructions) …………

 

30

 

31

 

Total tax (Schedule J, Part I, line 11) …………………

 

31

 

32

 

Total payments and refundable credits (Schedule J, Part II, line 21) …………

 

32

 

33

 

Estimated tax penalty (see instructions). Check if Form 2220 is attached …….. ▶

 

33

 

34

 

Amount owed. If line 32 is smaller than the total of lines 31 and 33, enter amount owed …..

 

34

 

35

 

Overpayment. If line 32 is larger than the total of lines 31 and 33, enter amount overpaid …..

 

35

 

36 

 

Refunded 

 

36

 

Sign Here

 

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.

 

 

Signature of officer

 

Date

 

 

May the IRS discuss this return with the preparer shown below (see instructions)?

 

Paid Preparer Use Only 

 

Preparer’s signature

 

Date

 

Check if self-employed

 

For Paperwork Reduction Act Notice, see separate instructions.

 

Cat. No. 11450Q

 

Form 1120 (2012)Name Number, street, and room or suite no. If a P.O. box, see instructions. City or town, state, and ZIP code B Employer identification number C Date incorporated $ Initial return Final return Name change Address change Enter amount from line 35 you want: Credited to 2013 estimated tax ▶ Title Yes No Print/Type preparer’s name PTIN Firm’s name ▶ Firm’s EIN ▶ Firm’s address ▶ Phone no.

 

Form 1120 (2012)

 

Page 2

 

Schedule C

 

Dividends and Special Deductions (see instructions)(a) Dividends received (b) % (c) Special deductions(a) (b)
Dividends from less-than-20%-owned domestic corporations (other than debt-financed stock) ……………………
Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) ……………………
Dividends on debt-financed stock of domestic and foreign corporations …..
Dividends on certain preferred stock of less-than-20%-owned public utilities…
Dividends on certain preferred stock of 20%-or-more-owned public utilities ….
Dividends from less-than-20%-owned foreign corporations and certain FSCs …
Dividends from 20%-or-more-owned foreign corporations and certain FSCs …
Dividends from wholly owned foreign subsidiaries ………..
Total. Add lines 1 through 8. See instructions for limitation ……..
10  Dividends from domestic corporations received by a small business investment company operating under the Small Business Investment Act of 1958…..
11  Dividends from affiliated group members …………..
12  Dividends from certain FSCs ……………..
13  Dividends from foreign corporations not included on lines 3, 6, 7, 8, 11, or 12 …
14  Income from controlled foreign corporations under subpart F (attach Form(s) 5471) .
15  Foreign dividend gross-up ………………
16  IC-DISC and former DISC dividends not included on lines 1, 2, or 3 ……
17  Other dividends …………………
18  Deduction for dividends paid on certain preferred stock of public utilities ….
19  Total dividends. Add lines 1 through 17. Enter here and on page 1, line 4 … ▶