Get 1120s Schedule B

Filling out the 1120s Schedule B form online is an essential step for S corporations reporting information about certain shareholders. This guide will provide clear instructions to help you complete each section efficiently while ensuring compliance with tax regulations.

Follow the steps to complete the 1120s Schedule B form online.

1. Click 'Get Form' button to access the form and open it in your preferred online editor.
2. Fill in the employer identification number of the corporation at the top of the form. This identifies your corporation for tax purposes.
3. Enter the name of the corporation in the designated field to ensure proper association with the tax return.
4. In question 3, provide information on any shareholder that was a disregarded entity, trust, estate, or nominee. Start by listing the shareholder's name in column (a).
5. In column (b), include the Social Security Number or Employer Identification Number (if applicable) for the shareholder listed.
6. Indicate the type of shareholder of record in column (c), specifying whether they are a disregarded entity, trust, estate, or nominee.
7. Lastly, in column (d), enter the name and Social Security Number or Employer Identification Number of the individual or entity responsible for reporting the shareholder’s income, deductions, and credits as obtained from Schedule K-1.
8. After completing all required fields, review your entries for accuracy and completeness.
9. Once you are satisfied, save your changes, and you will have options to download, print, or share the completed form as needed.

Start filling out your 1120s Schedule B form online today to ensure your compliance and ease of submission.