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Form 1120S: U.S. Income Tax Return for an S Corporation Overview


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Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil!

— Golda Meir

Form 1120S: U.S. Income Tax Return for an S Corporation is a tax document used to report the income, losses, and dividends of S corporation shareholders. Essentially, Form 1120S is an S corporation’s tax return. Form 1120S is part of the Schedule K-1 document. The form identifies the percentage of company shares owned by each individual shareholder for the tax year and must be prepared for all individuals.


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