Comprehensive Guide to U.S. Corporation Income Tax Return

U.S. Corporation Income Tax Return For calendar year 2021 or tax year beginning, 2021, ending, 20 ▶Go towww.irs.gov/Form1120for instructions and the latest information. OMB No. 1545-0123 2021 TYPE OR PRINT NameNumber, street, and room or suite no. If a P.O. box, see instructions.City or town, state or province, country, and ZIP or foreign postal codeACheck if:1a Consolidated return (attach Form 851). bLife/nonlife consoli- dated return ... 2Personal holding co. (attach Sch. PH) ..3 Personal service corp. (see instructions).. 4 Schedule M-3 attachedBEmployer identification number CDate incorporated DTotal assets (see instructions) $ ECheck if:(1)Initial return(2)Final return(3)Name change(4)Address change Income 1aGross receipts or sales ..................1a bReturns and allowances ..................1b cBalance.Subtract line 1b from line 1a.....................1c 2Cost of goods sold (attach Form 1125-A) .....................2 3Gross profit.Subtract line 2 from line 1c .....................3 4Dividends and inclusions (Schedule C, line 23)...................4 5Interest..............................5 6Gross rents.............................6 7Gross royalties............................7 8Capital gain net income (attach Schedule D (Form 1120))................8 9Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797)............9 10Other income (see instructions—attach statement) ..................10 11Total income.Add lines 3 through 10....................▶ 11 Deductions (See instructions for limitations on deductions.) 12Compensation of officers (see instructions—attach Form 1125-E)............▶12 13Salaries and wages (less employment credits)...................13 14Repairs and maintenance.........................14 15Bad debts..............................15 16Rents...............................16 17Taxes and licenses...........................17 18Interest (see instructions).........................18 19Charitable contributions ..........................19 20Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562)...20 21Depletion ..............................21 22Advertising.............................22 23Pension, profit-sharing, etc., plans......................23 24Employee benefit programs........................24 25Reserved for future use ..........................25 26Other deductions (attach statement)......................26 27Total deductions.Add lines 12 through 26 ...................▶ 27 28Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11..28 29aNet operating loss deduction (see instructions)...........29a bSpecial deductions (Schedule C, line 24).............29b cAdd lines 29a and 29b..........................29c Tax, Refundable Credits, and Payments30Taxable income.Subtract line 29c from line 28. See instructions.............30 31Total tax(Schedule J, Part I, line 11) ......................31 32Reserved for future use ..........................32 33Total payments and credits (Schedule J, Part III, line 23)................33 34Estimated tax penalty. See instructions. Check if Form 2220 is attached.........▶ 34 35Amount owed.If line 33 is smaller than the total of lines 31 and 34, enter amount owed......35 36Overpayment.If line 33 is larger than the total of lines 31 and 34, enter amount overpaid......36 37Enter amount from line 36 you want:Credited to 2022 estimated tax▶Refunded▶37 SignHere 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 officerDate▲ Title May the IRS discuss this return with the preparer shown below? See instructions. YesNo Paid Preparer Use OnlyPrint/Type preparer's namePreparer's signatureDateCheckif self-employed PTIN Firm's name▶Firm's address▶ Firm's EIN ▶ Phone no.