• Form 1120 - U.S. Corporation Income Tax Return (2025)

  • A Check if:
  • C Date incorporated
     - -
    2 digit month, 2 digit day, 4 digit year
  • E Check if:

  • Income

  • Deductions (See instructions for limitations on deductions.)

  • Tax, Refundable Credits, and Payments

  • d Type:

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  • Clear
  • Date
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    2 digit month, 2 digit day, 4 digit year
  • May the IRS discuss this return with the preparer shown below? See instructions.

  • Paid Preparer Use Only

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  • Date
     - -
    2 digit month, 2 digit day, 4 digit year
  • Format: (000) 000-0000.

  • Schedule C (Form 1120)

  • Schedule c Dividends, Inclusions, and Special Deductions (see instructions)
    Rows

  • Schedule J (Form 1120) (2025)

  • Schedule J Tax Computation and Payment (see instructions)

  • 16 Reserved for future use

  • Schedule K Other Information (see instructions)

  • 1 Check accounting method:
  • 3 Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?
  • 4 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exemptorganization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation’s stock entitled to vote? If “Yes,” complete Part I of Schedule G (Form 1120) (attach Schedule G)
  • b Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the corporation’s stock entitled to vote? If “Yes,” complete Part II of Schedule G (Form 1120) (attach Schedule G)
  • 5 At the end of the tax year, did the corporation: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive ownership, see instructions

  • If “Yes,” complete (i) through (iv) below.

  • Rows
  • b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructiveownership, see instructions

  • If “Yes,” complete (i) through (iv) below.

  • Rows
  • 6 During this tax year, did the corporation pay dividends (other than stock dividends and distributions in exchange for stock) in excess of the corporation’s current and accumulated earnings and profits? See sections 301 and 316

  • If “Yes,” file Form 5452, Corporate Report of Nondividend Distributions. See the instructions for Form 5452. 


    If this is a consolidated return, answer here for the parent corporation and on Form 851 for each subsidiary.

  • 7 At any time during this tax year, did one foreign person own, directly or indirectly, at least 25% of the total voting power of all classes of the corporation's stock entitled to vote or at least 25% of the total value of all classes of the corporation's stock?

  • Schedule K Other Information (continued from page 4)

  • 13 Are the corporation’s total receipts (page 1, line 1a, plus lines 4 through 10) for the tax year and its total assets at the end of the tax year less than $250,000?
  • 14 Is the corporation required to file Schedule UTP (Form 1120), Uncertain Tax Position Statement? See instructions. If “Yes,” complete and attach Schedule UTP.
  • 15a Did the corporation make any payments that would require it to file Form(s) 1099?
  • b If “Yes,” did or will the corporation file required Form(s) 1099?
  • 16 During this tax year, did the corporation have an 80%-or-more change in ownership, including a change due to redemption of its own stock?
  • 17 During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more than 65% (by value) of its assets in a taxable, non-taxable, or tax deferred transaction?
  • 18 Did this corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or fairmarket value of more than $1 million?
  • 19 During this corporation’s tax year, did the corporation make any payments that would require it to file Forms 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474) of the Code?
  • 20 Is the corporation operating on a cooperative basis?
  • 21 During this tax year, did the corporation pay or accrue any interest or royalty for which the deduction is not allowed under section 267A? See instructions
  • 22 Does this corporation have gross receipts of at least $500 million in any of the 3 preceding tax years? (See sections 59A(e)(2) and (3). If “Yes,” complete and attach Form 8991.
  • 23 Did the corporation have an election under section 163(j) for any real property trade or business or any farming business in effect during this tax year? See instructions
  • 24 Does the corporation satisfy one or more of the following? If “Yes,” complete and attach Form 8990. See instructions. a The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense. b The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the current tax year are more than $31 million and the corporation has business interest expense. c The corporation is a tax shelter and the corporation has business interest expense.
  • 25 Does the corporation intend to self-certify as a Qualified Opportunity Fund?
  • 26 Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties held directly or indirectly by the corporation, and was the ownership percentage (by vote or value) for purposes of section 7874 greater than 50% (for example, the shareholders held more than 50% of the stock of the foreign corporation)? If “Yes,” list the ownership percentage by vote and by value. See instructions
  • 27 At any time during this tax year, did the corporation (a) receive a digital asset (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? See instructions
  • 28 Is the corporation a member of a controlled group? If “Yes,” attach Schedule O (Form 1120). See instructions.

  • 29 Corporate Alternative Minimum Tax:

  • a Was the corporation an applicable corporation under section 59(k)(1) in any prior tax year?
  • b Is the corporation an applicable corporation under section 59(k)(1) in the current tax year because the corporation was an applicable corporation in the prior tax year? If “Yes,” complete and attach Form 4626. If “No,” continue to question 29c.
  • c Does the corporation meet the requirements of the safe harbor method as provided under section 59(k)(3)(A) for the current tax year? See instructions. If “No,” complete and attach Form 4626. If “Yes,” the corporation is not required to file Form 4626.

  • 30 Is the corporation required to file Form 7208 relating to the excise tax on repurchase of corporate stock (see instructions):

  • a Under the rules for stock repurchased by a covered corporation (or stock acquired by its specified affiliate)?
  • b Under the applicable foreign corporation rules?
  • c Under the covered surrogate foreign corporation rules? If “Yes” to either 30a, 30b, or 30c, complete Form 7208, Excise Tax on Repurchase of Corporate Stock. See the Instructions for Form 7208.
  • 31 Is this a consolidated return with gross receipts or sales of $1 billion or more and a subchapter K basis adjustment, as described in the instructions, of $10 million or more? If “Yes,” attach a statement. See instructions.

  • Schedule L - Balance Sheets per Books

  • Assets
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  • Liabilities and Shareholders' Equity
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  • Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return

  • 5 Expenses recorded on books this year not deducted on this return (itemize):

  • 8 Deductions on this return not charged against book income this year (itemize):

  • Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Schedule L, Line 25)

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