Basic Data
General › Entity information for Form 1120.
Corporation
Income
Income/Deductions › Form 1120, page 1, lines 1–11.
Income 0
LnDescriptionAmount
1aGross receipts or sales
1bReturns and allowances
1cBalance (1a − 1b)
0
2Cost of goods sold (Form 1125-A)
3Gross profit (1c − 2)
0
4Dividends and inclusions (Sch C)
5Interest
6Gross rents
7Gross royalties
8Capital gain net income (Sch D)
9Net gain/(loss) (Form 4797)
10Other income (attach statement)
11Total income
0
Deductions
Income/Deductions › Form 1120, page 1, lines 12–30.
Deductions 0
LnDescriptionAmount
12Compensation of officers (Form 1125-E)
13Salaries and wages (less credits)
14Repairs and maintenance
15Bad debts
16Rents
17Taxes and licenses
18Interest (see instructions)
19Charitable contributions
20Depreciation (Form 4562)
21Depletion
22Advertising
23Pension, profit-sharing plans
24Employee benefit programs
25Reserved for future use
26Other deductions (attach statement)
27Total deductions
0
28Taxable income before NOL & special deductions (11 − 27)
0
29aNet operating loss deduction
29bSpecial deductions (Sch C)
30Taxable income
0
Tax and Payments
Income/Deductions › Form 1120, page 1, lines 31–37.
Tax, Credits, and Payments
LnDescriptionAmount
31Total tax (Sch J — 21% of line 30)
0
32Reserved for future use
33Total payments and credits
34Estimated tax penalty (Form 2220)
35Amount owed (if 31+34 > 33)
0
36Overpayment (if 33 > 31+34)
0
Schedule L — Balance Sheets per Books
Balance Sheet › Beginning and end of tax year.
Assets
LnDescriptionBeginningEnd of year
1Cash
2aTrade notes and accounts receivable
2bLess allowance for bad debts
3Inventories
4U.S. government obligations
5Tax-exempt securities
6Other current assets
7Loans to shareholders
8Mortgage and real estate loans
9Other investments
10aBuildings and other depreciable assets
10bLess accumulated depreciation
11aDepletable assets
11bLess accumulated depletion
12Land (net of amortization)
13aIntangible assets (amortizable only)
13bLess accumulated amortization
14Other assets
15Total assets
0
0
Liabilities and Shareholders' Equity
LnDescriptionBeginningEnd of year
16Accounts payable
17Notes/bonds payable in less than 1 year
18Other current liabilities
19Loans from shareholders
20Notes/bonds payable in 1 year or more
21Other liabilities
22aCapital stock — Preferred
22bCapital stock — Common
23Additional paid-in capital
24Retained earnings — Appropriated
25Retained earnings — Unappropriated
26Adjustments to shareholders' equity
27Less cost of treasury stock
28Total liabilities and equity
0
0
Schedule M-1 — Reconciliation of Income per Books
Schedule M-1 / M-2 › Book income to taxable income.
Reconciliation
LnDescriptionAmount
1Net income (loss) per books
2Federal income tax per books
3Excess of capital losses over capital gains
4Income subject to tax not on books
5 — Expenses on books not deducted on return
5aDepreciation
5bCharitable contributions
5cTravel and entertainment
5dOther
6Add lines 1 through 5
0
7 / 8 — Items not on the return
7aTax-exempt interest (income on books)
7bOther income on books
8aDepreciation (deducted on return)
8bCharitable contributions (on return)
8cOther deductions on return
9Add lines 7 and 8
0
10Income (page 1, line 28) (6 − 9)
0
Schedule M-2 — Unappropriated Retained Earnings
Schedule M-1 / M-2 › Analysis per books (Line 25, Schedule L).
Analysis
LnDescriptionAmount
1Balance at beginning of year
2Net income (loss) per books
3Other increases (itemize)
4Add lines 1, 2, and 3
0
5 / 6 — Decreases
5aDistributions — Cash
5bDistributions — Stock
5cDistributions — Property
6Other decreases (itemize)
7Add lines 5 and 6
0
8Balance at end of year (4 − 7)
0
📄 Government Form — Form 1120 (2025), populated from worksheet input.
Form
1120
Department of the Treasury
Internal Revenue Service
Internal Revenue Service
U.S. Corporation Income Tax Return
For calendar year 2025
OMB No. 1545-0123
Name
B Employer identification number
Number, street, and room or suite no.
C Date incorporated
City or town, state, ZIP
D Total assets
| Income | ||
| 1a | Gross receipts or sales | |
| 1b | Returns and allowances | |
| 1c | Balance. Subtract line 1b from 1a | |
| 2 | Cost of goods sold (Form 1125-A) | |
| 3 | Gross profit | |
| 4 | Dividends and inclusions (Schedule C) | |
| 5 | Interest | |
| 6 | Gross rents | |
| 7 | Gross royalties | |
| 8 | Capital gain net income (Schedule D) | |
| 9 | Net gain or (loss) (Form 4797) | |
| 10 | Other income | |
| 11 | Total income | |
| Deductions | ||
| 12 | Compensation of officers | |
| 13 | Salaries and wages | |
| 14 | Repairs and maintenance | |
| 15 | Bad debts | |
| 16 | Rents | |
| 17 | Taxes and licenses | |
| 18 | Interest | |
| 19 | Charitable contributions | |
| 20 | Depreciation (Form 4562) | |
| 21 | Depletion | |
| 22 | Advertising | |
| 23 | Pension, profit-sharing, etc. | |
| 24 | Employee benefit programs | |
| 26 | Other deductions | |
| 27 | Total deductions | |
| 28 | Taxable income before NOL and special deductions | |
| 29c | NOL and special deductions | |
| 30 | Taxable income | |
| Tax, Refundable Credits, and Payments | ||
| 31 | Total tax (Schedule J, Part I, line 11) | |
| 33 | Total payments and credits | |
| 34 | Estimated tax penalty | |
| 35 | Amount owed | |
| 36 | Overpayment | |
Form 1120 (2025) · Page 6 — Schedules L, M-1, and M-2
| Schedule L — Balance Sheets per Books | |||
| Assets | Beginning | End of year | |
| 1 | Cash | ||
| 2a | Trade notes and accounts receivable | ||
| 2b | Less allowance for bad debts | ||
| 3 | Inventories | ||
| 6 | Other current assets | ||
| 10a | Buildings and other depreciable assets | ||
| 10b | Less accumulated depreciation | ||
| 12 | Land | ||
| 14 | Other assets | ||
| 15 | Total assets | ||
| Liabilities and Shareholders' Equity | |||
| 16 | Accounts payable | ||
| 17 | Notes/bonds payable < 1 year | ||
| 18 | Other current liabilities | ||
| 20 | Notes/bonds payable ≥ 1 year | ||
| 22b | Capital stock — Common | ||
| 23 | Additional paid-in capital | ||
| 25 | Retained earnings — Unappropriated | ||
| 28 | Total liabilities and equity | ||
| Schedule M-1 — Reconciliation of Income (Loss) per Books | ||
| 1 | Net income (loss) per books | |
| 2 | Federal income tax per books | |
| 5c | Travel and entertainment | |
| 6 | Add lines 1 through 5 | |
| 7a | Tax-exempt interest | |
| 8a | Depreciation (on return) | |
| 9 | Add lines 7 and 8 | |
| 10 | Income (page 1, line 28) | |
| Schedule M-2 — Unappropriated Retained Earnings | ||
| 1 | Balance at beginning of year | |
| 2 | Net income (loss) per books | |
| 4 | Add lines 1, 2, and 3 | |
| 5a | Distributions — Cash | |
| 7 | Add lines 5 and 6 | |
| 8 | Balance at end of year | |
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 11450Q · Form 1120 (2025)