Form 1120s 2007-2025

Show details

4 out of 5

58 votes

The document is the U.S. Income Tax Return for an S Corporation (Form 1120S) for the tax year 2007. It outlines the requirements for filing, including the necessity of having filed Form 2553 to elect S corporation status. The form includes sections for reporting income, deductions, and tax payments, as well as schedules for cost of goods sold, balance sheets, and reconciliation of income. It serves as a comprehensive guide for S corporations to report their financial activities and tax obligations.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The easiest way to modify Form 1120s 2007 in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Handling documents with our feature-rich and user-friendly PDF editor is simple. Follow the instructions below to complete Form 1120s 2007 online easily and quickly:

Sign in to your account. Log in with your credentials or create a free account to try the service prior to choosing the subscription.
Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Form 1120s 2007. Effortlessly add and underline text, insert images, checkmarks, and icons, drop new fillable areas, and rearrange or delete pages from your paperwork.
Get the Form 1120s 2007 completed. Download your modified document, export it to the cloud, print it from the editor, or share it with other participants through a Shareable link or as an email attachment.

Benefit from DocHub, the most straightforward editor to quickly manage your paperwork online!

See more form 1120s 2007 versions

We've got more versions of the form 1120s 2007 form. Select the right form 1120s 2007 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.6 Satisfied (60 Votes)
2022	4.1 Satisfied (39 Votes)
2021	4.9 Satisfied (39 Votes)
2020	4.3 Satisfied (174 Votes)
2019	4.2 Satisfied (47 Votes)
2018	4.3 Satisfied (81 Votes)
2017	4.2 Satisfied (110 Votes)
2016	4.4 Satisfied (321 Votes)
2015	4.2 Satisfied (41 Votes)
2014	4 Satisfied (46 Votes)
2013	4.1 Satisfied (47 Votes)
2012	3.7 Satisfied (31 Votes)
2011	4.4 Satisfied (38 Votes)
2010	4 Satisfied (23 Votes)
2009	4 Satisfied (41 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between 1120S and 1040?

Remember, Form 1120-S is for the corporate entity (your S Corp), while Form 1040 is for your personal taxes. To file your personal taxes, you need to first complete your S Corp tax return. You must file your business and personal returns separately.

Can you file 1120-S yourself?

You can file 1120-S online using tax filing software for businesses. But if you dont want to take the time to complete these forms, Block Advisors has your back. Take back the time it takes to complete complex tax forms. Let a certified small business tax proarmed with an average of 12 years of experiencehelp you.

How to report sale of S corp stock on S corp tax return?

You can report the sale of an S corp using IRS form 1120-S (U.S. Income Tax Return for an S Corporation) and Schedule K-1 (Partners Share of Income, Deductions, Credits, etc.).

Where do I report my S corp income?

Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.

What is the difference between 1120S and 1065?

The 1120/1120S forms are received by parents whom have ownership in a corporation. The 1065 form is received by parents whom have ownership in a partnership. The supporting Schedule K-1s will indicate the percentage that parent(s) own in the business.

Where to report shareholder distributions on 1120S?

Distributions of property by an S corporation to a shareholder are reported on Schedule K (Form 1120-S) line 16d.

How do I report 1120S?

How to fill out Form 1120-S Keep your accounting records and financial statements up-to-date. Record your income. Record your expenses. Calculate your net profit or loss. Record taxes owed and payments made. Answer questions on Schedule B. Complete Schedule K. Complete Schedule L.

Where do I report royalty income on 1120-S?

1120S - enter royalties on Schedule K, line 6, which will flow to each shareholders K-1, line 6. Amounts entered in either field will adjust any amounts coming from the K1P screen, line 7. Note: If the royalties are coming to the return from another partnership, enter them on the K1P screen.

Form 1120s 2007-2025

Here's how it works