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Federal Free Printable Schedule B (Form 1120) (Rev. December 2018) for 2019 Federal Additional Information for Schedule M-3 Filers

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Additional Information for Schedule M-3 Filers
Schedule B (Form 1120) (Rev. December 2018)

SCHEDULE B (Form 1120) (Rev. December 2018) Department of the Treasury Internal Revenue Service Additional Information for Schedule M-3 Filers OMB No. 1545-0123 ▶ Attach to Form 1120. ▶ Go to www.irs.gov/Form1120 for the latest information. Employer identification number (EIN) Name 1 Does any amount reported on Schedule M-3 (Form 1120), Part II, line 9 or 10, column (d), reflect allocations to this corporation from a partnership of income, gain, loss, deduction, or credit that are disproportionate to this corporation’s capital contribution to the partnership or its ratio for sharing other items of the partnership? . . . 2 At any time during the tax year, did the corporation sell, exchange, or transfer any interest in an intangible asset to a related person as defined in section 267(b)? . . . . . . . . . . . . . . . . . . . . . . . 3 At any time during the tax year, did the corporation acquire any interest in an intangible asset from a related person as defined in section 267(b)? . . . . . . . . . . . . . . . . . . . . . . . . . . 4a During the tax year, did the corporation enter into a cost-sharing arrangement with any related foreign party on whose behalf the corporation did not file Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations? . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No b At any time during the tax year, was the corporation a participant in a cost-sharing arrangement with any related foreign party on whose behalf the corporation did not file Form 5471? . . . . . . . . . . . . . . . 5 At any time during the tax year, did the corporation make any change in accounting principle for financial accounting purposes? See instructions for the definition of “change in accounting principle” . . . . . . . 6 At any time during the tax year, did the corporation make any change in a method of accounting for U.S. income tax purposes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 At any time during the tax year, did the corporation own any voluntary employees’ beneficiary association (VEBA) trusts that were used to hold funds designated for employee benefits? . . . . . . . . . . . . . . 8 At any time during the tax year, did the corporation use an allocation method for indirect costs capitalized to self-constructed assets that varied from its financial method of accounting? . . . . . . . . . . . . . 9 At any time during the tax year, did the corporation treat for tax purposes indirect costs, as defined in Regulations sections 1.263A-1(e)(3)(ii)(F), (G), and (H), as mixed-service costs, as defined in Regulations section 1.263A-1(e)(4) (ii)(C)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Did the corporation, under section 118 or 362(c) and the related regulations, take a return filing position characterizing any amount as a contribution to the capital of the corporation during the tax year by any nonshareholders? Amounts so characterized may include, without limitation, incentives, inducements, money, and property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see the Instructions for Form 1120. Cat. No. 49737Q Schedule B (Form 1120) (Rev. 12-2018) Schedule B (Form 1120) (Rev. 12-2018) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Schedule B (Form 1120) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1120. What’s New After December 22, 2017, the following nonshareholder contributions to the capital of a corporation are not eligible for exclusion under section 118. • Any contribution by any civic group; or • Any contribution by any governmental entity, except any contribution that was made after December 22, 2017, according to a master development plan that was approved prior to December 22, 2017, by a governmental entity. Purpose of Form Use Schedule B (Form 1120) to provide answers to additional questions for filers of Schedule M-3 (Form 1120). Who Must File Generally, filers of Form 1120 that file Schedule M-3 (Form 1120), must complete and file Schedule B (Form 1120). However, filers that (a) are required to file Schedule M-3 and have less than $50 million in total assets at the end of the tax year or (b) are not required to file Schedule M-3 and voluntarily file Schedule M-3, are not required to file Schedule B (Form 1120). See the Instructions for Schedule M-3 (Form 1120) for more information. In the case of a consolidated group, a parent corporation files one Schedule B for the entire group. Specific Instructions Question 1. Partnership Allocations Answer “Yes” if this corporation is a partner in a partnership and has received special allocations of income, gain, loss, deduction, or credit from such partnership. Example. P, a corporation, joins with B, an individual, in forming the PB Partnership. P and B each contribute $50,000 in cash to PB Partnership. Profits and losses are allocated equally, with the exception of depreciation, which is allocated 99% to P and 1% to B. P answers “Yes” to question 1 because its 99% allocation of depreciation deductions from PB Partnership is disproportionate to its ratio of sharing other items of income, gain, loss, deduction, or credit from PB Partnership. Page 2 Question 5. Changes in Accounting Principle The term “change in accounting principle,” means a change from one generally accepted accounting principle to another generally accepted accounting principle as described in Statement of Financial Accounting Standards (SFAS) No. 154—Accounting Changes and Error Corrections. Answer “Yes” if a change in accounting principle occurred during the tax year that affected (or is expected to affect) the amount of income reported for financial statement purposes. If the corporation has audited financial TIP statements, any changes in accounting principle should be identified in footnotes to those statements. Question 6. Change in Method of Accounting Corporations are generally required to file Form 3115, Application for Change in Accounting Method, or a statement in lieu of Form 3115, to request a change in a method of accounting. See the Instructions for Form 3115 for information on requesting a change in accounting method. Question 7. Voluntary Employees’ Beneficiary Association Trusts Employers that establish and fund welfare benefit plans on behalf of their employees do so through a tax-exempt trust that is referred to as a voluntary employees’ beneficiary association (VEBA). See section 501(c)(9) and Regulations sections 1.501(c)(9)-1 through 1.501(c)(9)-8 for details. Answer “Yes” if the corporation owned any VEBA trusts that were used to hold funds designated for employee benefits. Question 8. Indirect Costs Section 446(a) and Regulations section 1.446-1(a)(1) generally provide that taxable income shall be figured under the method of accounting on the basis of which the corporation regularly figures its income in keeping its books. An exception applies if book income does not clearly reflect income. Answer “Yes” if the corporation, during the tax year, used an allocation method for indirect costs capitalized to self-constructed assets that varied from its financial statement method of accounting. Otherwise, answer “No.” Also answer “No” if the corporation used the same method of allocating indirect costs to self-constructed assets, but capitalized a different amount due to differences in the amount of costs which are includible in the computation of income for the tax year. Question 9. Mixed–Service Costs Answer “Yes” if the corporation, during the tax year, treated purchasing, handling, and storage, as discussed in Regulations sections 1.263A-3(c)(1) through (5), and as defined in Regulations sections 1.263A-1(e)(3)(ii)(F), (G), and (H), as mixed-service costs as defined in Regulations section 1.263A-1(e)(4)(ii)(C). Otherwise, answer “No.”
Extracted from PDF file 2018-federal-1120-schedule-b.pdf, last modified November 2018

More about the Federal 1120 (Schedule B) Corporate Income Tax TY 2018

We last updated the Additional Information for Schedule M-3 Filers in December 2018, so this is the latest version of 1120 (Schedule B), fully updated for tax year 2018. You can download or print current or past-year PDFs of 1120 (Schedule B) directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 1120 (Schedule B).

Form Code Form Name
1120 (Schedule G) Information on Certain Persons Owning the Corporation's Voting Stock
1120 (Schedule H) U.S. Income Tax Return for Homeowners Associations
1120 (Schedule O) Consent Plan and Apportionment Schedule for a Controlled Group
1120 (Schedule D) Capital Gains and Losses
1120 (Schedule PH) U.S. Personal Holding Company (PHC) Tax
1120 (Schedule N) Foreign Operations of U.S. Corporations
1120 (Schedule UTP) Uncertain Tax Position Statement
1120 (Schedule M-3) Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More

Download all  tax forms View all 775 Federal Income Tax Forms


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 (Schedule B) from the Internal Revenue Service in December 2018.

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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 (Schedule B)

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


2018 1120 (Schedule B)

Schedule B (Form 1120) (Rev. December 2018)

2017 1120 (Schedule B)

Form 1120 (Schedule B) (Rev. December 2014)

2016 1120 (Schedule B)

Form 1120 (Schedule B) (Rev. December 2014)

Additional Information for Schedule M-3 Filers 2015 1120 (Schedule B)

Form 1120 (Schedule B) (Rev. December 2014)

Additional Information for Schedule M-3 Filers 2014 1120 (Schedule B)

Form 1120 (Schedule B) (Rev. December 2014)

Additional Information for Schedule M-3 Filers 2012 1120 (Schedule B)

Form 1120 (Schedule B) (Rev. December 2009)

Additional Information for Schedule M-3 Filers 2011 1120 (Schedule B)

Form 1120 (Schedule B) (Rev. December 2009)


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