Federal Free Printable Form 1120S Schedule B-1 (Rev. December 2016) for 2017 Federal Information on Certain Shareholders of an S Corporation

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Information on Certain Shareholders of an S Corporation
Form 1120S Schedule B-1 (Rev. December 2016)

SCHEDULE B-1 (Form 1120S) (Rev. December 2016) Department of the Treasury Internal Revenue Service Information on Certain Shareholders of an S Corporation ▶ Attach to Form 1120S. about Schedule B-1 (Form 1120S) and its instructions is at www.irs.gov/form1120s. ▶ Information OMB No. 1545-0123 Employer identification number Name of corporation Information on Any Shareholder That Was a Disregarded Entity, a Trust, an Estate, or a Nominee or Similar Person at Any Time During the Tax Year (Form 1120S, Schedule B, Question 3) (a) Name of Shareholder of Record—Disregarded Entity, Trust, Estate, Nominee or Similar Person (b) Social Security Number (SSN) or Employer Identification Number (EIN) (if any) of Shareholder of Record For Paperwork Reduction Act Notice, see the Instructions for Form 1120S. (c) Type of Shareholder of Record Cat. No. 60837X (d) Name and SSN or EIN (if any) of Individual or Entity Responsible for Reporting Shareholder’s Income, Deductions, Credits, etc., From Schedule K-1 Schedule B-1 (Form 1120S) (Rev. 12-2016) Page 2 Schedule B-1 (Form 1120S) (Rev. 12-2016) General Instructions Specific Instructions Section references are to the Internal Revenue Code unless otherwise noted. Column (a) Future Developments Enter the name of the shareholder (owner) of record in column (a). For example: For the latest information about developments related to Schedule B-1 (Form 1120S) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1120s. • If a disregarded entity (for example, a single member limited liability company (LLC) that did not elect to be taxed as a corporation for federal income tax purposes) is the shareholder (owner) of record, enter the name of the disregarded entity. Purpose of Form • If a nominee or similar person (for example, a guardian, custodian, or agent) is the shareholder (owner) of record, enter the name of the nominee or similar person. Use Schedule B-1 (Form 1120S) to provide the information applicable to any shareholder in the S corporation that was a disregarded entity, a trust, an estate, or a nominee or similar person at any time during the tax year. If the shareholder was a disregarded entity, provide the information even if the name, address, and social security number (SSN) or employer identification number (EIN) (if any) of the owner of the disregarded entity was entered on Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credit, etc. If the shareholder was a nominee, guardian, custodian, or agent, provide the information even if the name, address, and SSN or EIN (if any) of the person for whom the stock was held was entered on Schedule K-1 (Form 1120S). Who Must File Schedule B-1 (Form 1120S) must be filed by all S corporations that answer “Yes” to Form 1120S, Schedule B, question 3. Attach Schedule B-1 to Form 1120S. Column (c) Enter the type of shareholder (owner) of record. For example, the shareholder (owner) of record may be a disregarded entity, trust, estate, nominee, guardian, custodian, agent, or similar person. Column (d) Enter the name and SSN or EIN (if any) of the individual or entity responsible for reporting shareholder's income, deductions, credits, etc., from Schedule K-1 (Form 1120S). For example: 1. If a disregarded entity is the shareholder (owner) of record, the owner of the disregarded entity must be eligible to be an S corporation shareholder. Enter the name and SSN or EIN (if any) of the owner. For example, if a single member LLC owns stock in the corporation, and the LLC is treated as a disregarded entity for federal income tax purposes, enter the member's name and SSN or EIN (if any). An LLC that elects to be treated as a corporation for federal income tax purposes is not eligible to be an S corporation shareholder. 2. If a trust is the shareholder (owner) of record, the information entered in column (d) is dependent on the type of trust. a. If the trust is a grantor trust, the grantor must be an individual. Enter the name and SSN of the grantor. b. If the trust is a qualified subchapter S trust (QSST), there can only be one beneficiary, who must be an individual. Enter the name and SSN of the individual beneficiary. c. If the trust is an electing small business trust (ESBT), enter the information you entered under columns (a) and (b). Do not enter any beneficiary information. 3. If an estate is the shareholder (owner) of record, enter the information you entered under columns (a) and (b). Do not enter any beneficiary information.
Extracted from PDF file 2016-federal-1120-s-schedule-b-1.pdf, last modified January 2017

More about the Federal 1120-S (Schedule B-1) Corporate Income Tax TY 2016

We last updated the Information on Certain Shareholders of an S Corporation in May 2017, so this is the latest version of 1120-S (Schedule B-1), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1120-S (Schedule B-1) directly from TaxFormFinder. You can print other Federal tax forms here.


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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1120-S (Schedule B-1) from the Internal Revenue Service in May 2017.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal 1120-S (Schedule B-1)

We have a total of two past-year versions of 1120-S (Schedule B-1) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 1120-S (Schedule B-1)

Form 1120S Schedule B-1 (Rev. December 2016)

Information on Certain Shareholders of an S Corporation 2015 1120-S (Schedule B-1)

Form 1120S Schedule B-1 (December 2013)


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