Enter your 4- digit codes (6789) in Paid Preparer’s block (PTIN) on page 1 Form 1120. You should sign and date the return (penalties for tax preparers are stiff). You will be penalized if you do not give the Paid Preparer’s PTIN of 6789.
Due on Tuesday, February 22nd. The Project should be submitted on Canvas.
Comments on IRS Forms
Form 1120 (6 pages)
Use Form 1120, U.S. Corporation Income Tax Return, to report the income, deductions and to figure the income tax liability of a corporation.
Use Form 1125-A to calculate and deduct cost of goods sold for certain entities.
Certain entities with total receipts of $500,000 or more use Form 1125-E to provide a detailed report of the deduction for compensation of officers.
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