Form 1120 Schedule G Guide: Corporate Ownership Rules
08/04/2026
1. Introduction – What is Form 1120 (Schedule G)? IRS Form 1120 (Schedule G), officially titled “Information on Certain Persons Owning Corporation’s Voting Stock,” is a corporate disclosure schedule. The Internal Revenue Service (IRS) governs this schedule under Sections 6001, 6011, and 6038A of the Internal Revenue Code. Schedule G (Form 1120) is attached to
Form 1120 Schedule D Guide: Corporate Capital Gains
08/04/2026
1. Introduction – What is Form 1120 (Schedule D)? IRS Form 1120 (Schedule D), officially titled “Capital Gains and Losses,” is a fundamental corporate tax schedule. The Internal Revenue Service (IRS) governs this schedule under Subchapter P (Sections 1201 through 1231) of the Internal Revenue Code. Schedule D (Form 1120) is attached to the primary
Form 1120 Schedule B Guide: Additional M-3 Info Rules
08/04/2026
1. Introduction – What is Form 1120 (Schedule B)? IRS Form 1120 (Schedule B), officially titled “Additional Information for Schedule M-3 Filers,” is a supplementary corporate tax schedule. The Internal Revenue Service (IRS) governs this schedule under various provisions of the Internal Revenue Code, including Sections 267(b), 446, and 6001. Schedule B (Form 1120) is
IRS Form 1118 Guide: Corporate Foreign Tax Credit
08/04/2026
1. Introduction – What is Form 1118? IRS Form 1118, officially titled “Foreign Tax Credit — Corporations,” is a federal tax schedule used by U.S. domestic corporations to calculate and claim a credit for income taxes paid to foreign countries or United States possessions. The Internal Revenue Service (IRS) governs this form under Sections 901
Form 1118 Schedule L Guide: Corporate Tax Redetermination
08/04/2026
1. Introduction – What is Form 1118 (Schedule L)? IRS Form 1118 (Schedule L), officially titled “Foreign Tax Redeterminations for Corporations,” is a supplementary corporate tax schedule. The Internal Revenue Service (IRS) governs this schedule under Section 905(c) of the Internal Revenue Code and Treasury Regulations Section 1.905-3. When a U.S. domestic corporation claims a
Form 1118 Schedule K Guide: Foreign Tax Credit Carryover
08/04/2026
1. Introduction – What is Form 1118 (Schedule K)? IRS Form 1118 (Schedule K), officially titled “Foreign Tax Carryover Reconciliation,” is a supplementary corporate tax schedule. The Internal Revenue Service (IRS) governs this schedule under Section 904(c) of the Internal Revenue Code. When a domestic corporation pays or accrues foreign income taxes that exceed its
Form 1118 Schedule J Guide: Foreign Loss Adjustments
08/04/2026
1. Introduction – What is Form 1118 (Schedule J)? IRS Form 1118 (Schedule J), officially titled “Adjustments to Separate Limitation Income or Loss Categories for Determining the Foreign Tax Credit,” is an advanced corporate tax schedule. The Internal Revenue Service (IRS) governs this schedule under Sections 904(f) and 904(g) of the Internal Revenue Code. When
Form 1118 Schedule I Guide: Foreign Oil & Gas Tax Credit
08/04/2026
1. Introduction – What is Form 1118 (Schedule I)? IRS Form 1118 (Schedule I), officially titled “Reduction of Foreign Taxes on Foreign Oil and Gas Extraction Income,” is a specialized corporate tax schedule. The Internal Revenue Service (IRS) governs this schedule under Section 907 of the Internal Revenue Code. When U.S. corporations earn income from
IRS Form 1117 Guide: Income Tax Surety Bond Requirements
08/04/2026
1. Introduction – What is Form 1117? IRS Form 1117, officially titled “Income Tax Surety Bond,” is a legal financial guarantee document used in connection with federal Foreign Tax Credits. The Internal Revenue Service (IRS) governs this form under Section 901 and Section 905(c) of the Internal Revenue Code. When an individual or domestic corporation
IRS Form 1116 Guide: Foreign Tax Credit Instructions
08/04/2026
1. Introduction – What is Form 1116? IRS Form 1116, officially titled “Foreign Tax Credit (Individual, Estate, or Trust),” is a federal tax schedule used to claim a credit for income taxes paid to foreign countries or United States possessions. The Internal Revenue Service (IRS) governs this form under Section 901 of the Internal Revenue