Irs Form 1120s
/ˌaɪˌɑːrˈɛs fɔːrm ɪˈlɛvən twɛnti ɛs/
Definitions
- (n.) An IRS tax form filed by S corporations to report income, gains, losses, deductions, and credits.
The shareholder reviewed the IRS Form 1120S to understand the corporation's financial performance.
Forms
- irs form 1120s
Related terms
See also
Commentary
IRS Form 1120S is specifically used by S corporations, reflecting their unique tax status as pass-through entities for federal tax purposes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.