U.S. Income Tax Return for an S Corporation

• Legal Form Number: 1120-S
• Issuer: Treasury Department
• Section: Treasury Department

Form 1120-S

Department of the Treasury

Internal Revenue Service

U.S. Income Tax Return for an S Corporation

Do not file this form unless the corporation has filed or

is attaching Form 2553 to elect to be an S corporation.

Go to www.irs.gov/Form1120S for instructions and the latest information.

OMB No. 1545-0123

2023

For calendar year 2023 or tax year beginning , 2023, ending , 20

TYPE

OR

PRINT

Name

Number, 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 code

A S election effective date

B

Business activity code

number (see instructions)

C

Check if Sch. M-3 attached

D Employer identification number

E Date incorporated

F Total assets (see instructions)

$

G

Is the corporation electing to be an S corporation beginning with this tax year? See instructions.

Yes No

H

Check if:

(1)

Final return

(2) Name change (3) Address change (4) Amended return (5)

S election termination

I Enter the number of shareholders who were shareholders during any part of the tax year . . . . . . . .

J

Check if corporation:

(1)

Aggregated activities for section 465 at-risk purposes

(2)

Grouped activities for section 469 passive activity purposes

Caution: Include only trade or business income and expenses on lines 1a through 22. See the instructions for more information.

Income

1a

Gross receipts or sales

b

Less returns and allowances

c

Balance 1c

2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . 2

3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . 3

4 Net gain (loss) from Form 4797, line 17 (attach Form 4797) ............. 4

5 Other income (loss) (see instructions—attach statement) .............. 5

6 Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . . . 6

Deductions (see instructions for limitations)

7 Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . . . . . 7

8 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . 8

9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Bad debts ............................ 10

11 Rents .............................. 11

12 Taxes and licenses .......................... 12

13 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) 14

15 Depletion (Do not deduct oil and gas depletion.) ................ 15

16 Advertising ............................ 16

17 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . 17

18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . 18

19 Energy efficient commercial buildings deduction (attach Form 7205) . . . . . . . . . . 19

20 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . 20

21 Total deductions. Add lines 7 through 20 . . . . . . . . . . . . . . . . . . 21

22 Ordinary business income (loss). Subtract line 21 from line 6 . . . . . . . . . . . . 22

Tax and Payments

23 a Excess net passive income or LIFO recapture tax (see instructions) . . . 23a

b Tax from Schedule D (Form 1120-S) . . . . . . . . . . . . 23b

c Add lines 23a and 23b (see instructions for additional taxes) . . . . . . . . . . . . . 23c

24 a Current year’s estimated tax payments and preceding year’s overpayment

credited to the current year . . . . . . . . . . . . . . . 24a

b Tax deposited with Form 7004 . . . . . . . . . . . . . . 24b

cCredit for federal tax paid on fuels (attach Form 4136) . . . . . . . 24c

dElective payment election amount from Form 3800 . . . . . . . . 24d

zAdd lines 24a through 24d . . . . . . . . . . . . . . . . . . . . . . . 24z

25 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . . . 25

26 Amount owed. If line 24z is smaller than the total of lines 23c and 25, enter amount owed . . . 26

27 Overpayment. If line 24z is larger than the total of lines 23c and 25, enter amount overpaid . . . 27

28 Enter amount from line 27: Credited to 2024 estimated tax Refunded . 28

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 Title

May the IRS discuss this return

with the preparer shown below?

See instructions. Yes No

Paid

Preparer

Use Only

Print/Type preparer’s name Preparer’s signature Date Check if

self-employed

PTIN

Firm’s name

Firm’s address

Firm’s EIN

Phone no.

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11510H Form 1120-S (2023)