Get 1996 Form 1120

Filling out the 1996 Form 1120 is an important step for corporations to accurately report their estimated tax payments. This guide aims to provide clear and concise instructions to help users complete the form effectively and with confidence.

Follow the steps to accurately complete the 1996 Form 1120 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the taxable income expected in the tax year on line 1. If you are a qualified personal service corporation, skip lines 2 through 13 and proceed to line 14.
3. On line 2, enter the smaller of the amount from line 1 or $50,000. Take note that members of a controlled group should refer to the instructions for specific details.
4. For line 3, subtract line 2 from line 1 to find your remaining taxable income.
5. Continue with line 4 by entering the smaller of line 3 or $25,000 for your calculation.
6. On line 5, subtract line 4 from line 3 to determine the next portion of your taxable income.
7. Line 6 requires you to enter the smaller of line 5 or $9,925,000, if applicable.
8. Proceed to lines 9 through 13, where you will calculate various tax amounts based on previously entered values. Multiply accordingly as instructed.
9. Once all relevant tax calculations are completed, summarize the total in line 19 by adding lines 16 through 18.
10. If applicable, enter any estimated tax credits on line 20 and calculate your final estimated tax payment on line 21.
11. Review all entries for accuracy before proceeding to save changes, download, print, or share the form.

Complete your 1996 Form 1120 online today for accurate tax reporting.