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Federal Free Printable 2018 Form 1120-C for 2019 Federal U.S. Income Tax Return for Cooperative Associations

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U.S. Income Tax Return for Cooperative Associations
2018 Form 1120-C

1120-C Department of the Treasury Internal Revenue Service A Check if: (1) Consolidated return (attach Form 851) (2) Schedule M-3 (Form 1120) attached (3) Form 1120 filed in previous tax year Tax, Refundable Credits, and Payments Deductions (See instructions for limitations on deductions.) Income D Check if: (1) U.S. Income Tax Return for Cooperative Associations For calendar year 2018 or tax year beginning ▶ Please type or print Form , 2018, ending 2018 Go to www.irs.gov/Form1120C for instructions and the latest information. Name B Employer identification number Number, street, and room or suite no. If a P.O. box, see instructions. C (1) City or town, state or province, country, and ZIP or foreign postal code Initial return (2) Final return (3) Name change (4) Address change (5) 1a 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25a b 26 Gross receipts or sales b Less returns and allowances c Bal ▶ Cost of goods sold (see instructions—attach Form 1125-A) . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . Dividends and inclusions (Schedule C, line 23) . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gross rents and royalties . . . . . . . . . . . . . . . . . . . . . . . Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . Other income (see instructions—attach statement) . . . . . . . . . . . . . . . Total income. Add lines 3 through 9 . . . . . . . . . . . . . . . . . . ▶ Compensation of officers (attach Form 1125-E) . . . . . . . . . . . . . . . . Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . Domestic production activities deduction (see instructions) . . . . . . . . . . . . Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . Total deductions. Add lines 11 through 23 . . . . . . . . . . . . . . . . ▶ Taxable income before adjustments and special deductions. Subtract line 24 from line 10 25a Less: deductions and adjustments from Schedule H, line 5 . . . 25b Less: a Net operating loss deduction (see instructions) . . . . 26a b Special deductions (Schedule C, line 24) . . . . . . 26b 27 Taxable income. Subtract line 26c from line 25c. See instructions . . . . . . . . . . 28 Total tax (Schedule J, line 9) . . . . . . . . . . . . . . . . . . . . . . 29 2018 Net 965 Tax Liability Paid from Form 965-B, Part II, column (k), line 2 . . . . . . . 30a 2017 overpayment credited to 2018 30a b 2018 estimated tax payments . 30b ) d Bal ▶ 30d c 2018 refund applied for on Form 4466 30c ( e Tax deposited with Form 7004 . . . . . . . . . . . . 30e f Credits: (1) Form 2439 (2) Form 4136 30f g Refundable credits from Form 8827, line 8c . . . . . . . . 30g h Section 1383 adjustment (see instructions) . . . . . . . . 30h i 2018 Net 965 Tax Liability from Form 965-B, Part I, column (d), line 2 30i 31 Estimated tax penalty. See instructions. Check if Form 2220 is attached . . . . . . ▶ 32 Amount owed. If line 30j is smaller than the total of lines 28, 29, and 31, enter amount owed . 33 Overpayment. If line 30j is larger than the total of lines 28, 29, and 31, enter amount overpaid . 34 Enter amount of line 33 you want: Credited to 2019 estimated tax ▶ Refunded ▶ Check if: Farmers’ tax exempt cooperative . . . (2) Nonexempt cooperative . . . Amended return 1c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25c 26c 27 28 29 30j 31 32 33 34 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Signature of officer Paid Preparer Use Only Date Print/Type preparer’s name Firm’s name Preparer’s signature ▲ ▲ Sign Here OMB No. 1545-0123 , 20 May the IRS discuss this return with the preparer shown below? See instructions. Yes No Title Date PTIN Firm’s EIN ▶ ▶ Firm’s address ▶ For Paperwork Reduction Act Notice, see separate instructions. Check if self-employed Phone no. Cat. No. 47554F Form 1120-C (2018) Page 2 Form 1120-C (2018) Schedule C 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Dividends, Inclusions, and Special Deductions (see instructions) (a) Dividends and inclusions (b) % Dividends from less-than-20%-owned domestic corporations (other than debt-financed stock) . . . . . . . . . . . . . . . . . Dividends from 20%-or-more-owned domestic corporations (other than debt-financed stock) . . . . . . . . . . . . . . . . . Dividends on certain debt-financed stock of domestic and foreign corporations . . . . . . . . . . . . . . . . . . . . Dividends on certain preferred stock of less-than-20%-owned public utilities . . . . . . . . . . . . . . . . . . . . . . Dividends on certain preferred stock of 20%-or-more-owned public utilities . . . . . . . . . . . . . . . . . . . . . Dividends from less-than-20%-owned foreign corporations and certain FSCs . . . . . . . . . . . . . . . . . . . . . . Dividends from 20%-or-more-owned foreign corporations and certain FSCs . . . . . . . . . . . . . . . . . . . . . . Dividends from wholly owned foreign subsidiaries . . . . . . . Subtotal. Add lines 1 through 8. See instructions for limitations . . . Dividends from domestic corporations received by a small business investment company operating under the Small Business Investment Act of 1958 . . . Dividends from affiliated group members . . . . . . . . . . Dividends from certain FSCs . . . . . . . . . . . . . . Foreign-source portion of dividends received from a specified 10%owned foreign corporation (excluding hybrid dividends) (see instructions) Dividends from foreign corporations not included on line 3, 6, 7, 8, 11, 12, or 13 (including any hybrid dividends) . . . . . . . . . . 15 Section 965(a) inclusion . 16a Subpart F inclusions derived from the sale by a controlled foreign corporation (CFC) of the stock of a lower-tier foreign corporation treated as a dividend (attach Form(s) 5471) (see instructions) . . . . . . Subpart F inclusions derived from hybrid dividends of tiered corporations (attach Form(s) 5471) (see instructions) . . . . . . . . . . . Other inclusions from CFCs under subpart F not included on line 15, 16a, 16b, or 17 (attach Form(s) 5471) (see instructions). . . . . . . . Global Intangible Low-Taxed Income (GILTI) (attach Form(s) 5471 and Form 8992) . . . . . . . . . . . . . . . . . . . . Gross-up for foreign taxes deemed paid (see instructions) . . . . . IC-DISC and former DISC dividends not included on line 1, 2, or 3 . . Other dividends . . . . . . . . . . . . . . . . . . . Deduction for dividends paid on certain preferred stock of public utilities Section 250 deduction (attach Form 8993) . . . . . . . . . . Total dividends and inclusions. Add lines 9 through 20. Enter here and on page 1, line 4. . . . . . . . . . . . . . . . . . ▶ Total special deductions. Add lines 9 through 13, 15, 16, 21, and 22, column (c). Enter here and on page ▶ 1, line 26b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b c 17 18 19 20 21 22 23 24 (c) Special deductions ((a) × (b)) . . . . . . . . . . . . . . . Form 1120-C (2018) Page 3 Form 1120-C (2018) Schedule G Allocation of Patronage and Nonpatronage Income and Deductions Note: Before completing Schedule G, see Schedule K, Question 14. (a) Patronage 1 2 3 4 5 6a b c 7 Gross receipts or sales . . . . . . . . . . . . . . . . . . Cost of goods sold . . . . . . . . . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1 . . . . . . . . . . . . . Other income . . . . . . . . . . . . . . . . . . . . . Total income. Combine lines 3 and 4 . . . . . . . . . . . . . Domestic production activities deduction (see instructions) . . . . . . Other deductions . . . . . . . . . . . . . . . . . . . . Total deductions. Add lines 6a and 6b . . . . . . . . . . . . . Taxable income before section 1382, NOL, and special deductions. Subtract line 6c from line 5 . . . . . . . . . . . . . . . . . . . . 8 Deductions and adjustments under section 1382 from Schedule H, line 5 (see instructions) . . . . . . . . . . . . . . . . . . . . . . 9a Net operating loss deduction (attach statement) . . . . . . . . . . b Special deductions (see instructions) . . . . . . . . . . . . . . 10 Taxable income. Subtract the total of lines 8, 9a, and 9b from line 7 . . . 11 Combined taxable income. Combine columns (a) and (b) of line 10. See instructions . . . . . . . . . . . . . . . . . . . . . . 12 Unused patronage loss (see instructions) . . . . . . . . . . . . 13 Unused nonpatronage loss (see instructions) . . . . . . . . . . . Schedule H 7 8 9a 9b 10 11 12 13 Deductions and Adjustments Under Section 1382 (see instructions) 1 2 3 Dividends paid on capital stock (section 521 cooperatives only) . . . . . . . . . . . . Nonpatronage income allocated to patrons (section 521 cooperatives only) . . . . . . . . Patronage dividends: a Money . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Qualified written notices of allocation . . . . . . . . . . . . . . . . . . . . . c Other property (except nonqualified written notices of allocation) . . . . . . . . . . . d Money or other property (except written notices of allocation) in redemption of nonqualified written notices of allocation . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Domestic production activities deduction allocated to patrons (see instructions) . . . . . . . 5 Total. Combine lines 1 through 4. Enter here and on page 1, line 25b, and Schedule G, line 8 . . Schedule J 1 2 3 4 5a b c d e 6 7 8 9 (b) Nonpatronage 1 2 3 4 5 6a 6b 6c 1 2 3a 3b 3c 3d 4 ( 5 ) Tax Computation (see instructions) Check if the cooperative is a member of a controlled group (attach Schedule O (Form 1120)). See instructions ▶ Income tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . Base erosion minimum tax (attach Form 8991) . . . . . . . . . . . . . . . . . Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign tax credit (attach Form 1118) . . . . . . . . . . . 5a Credit from Form 8834 (see instructions) . . . . . . . . . . 5b General business credit (attach Form 3800) . . . . . . . . . 5c Credit for prior year minimum tax (attach Form 8827) . . . . . . 5d Bond credits from Form 8912 (attach Form 8912) . . . . . . . 5e Total credits. Add lines 5a through 5e . . . . . . . . . . . . . . . . . . . . Subtract line 6 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . Other taxes. Check if from: Form 4255 Form 8611 Other (attach statement) Form 8902 Total tax. Add lines 7 and 8. Enter here and on page 1, line 28 . . . . . . . . . . . . 2 3 4 6 7 8 9 Form 1120-C (2018) Page 4 Form 1120-C (2018) Schedule K Other Information (see instructions) 1 Check accounting method: Cash Accrual Other (specify) ▶ 2 See the instructions and enter the: a Business activity code no. ▶ b Business activity ▶ c Product or service ▶ d Date of incorporation ▶ 3 Check the accounting method used to compute distributable patronage: a Book Tax b c Other (specify) ▶ Yes No Yes No a b c 4 5 6 7 8 At the end of the tax year, did the cooperative own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? (For rules of attribution, see section 267(c).) . . . If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned, and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending with or within your tax year. Is the cooperative a subsidiary in an affiliated group or a parent—subsidiary controlled group? If “Yes,” enter name and EIN of the parent corporation ▶ At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly, 50% or more of the cooperative’s voting stock? (For rules of attribution, see section 267(c).) . . . . . . If “Yes,” attach a statement showing name and identifying number. Do not include any information already entered in 5 above. Enter percentage owned ▶ Enter the cooperative’s total assets. See instructions ▶ $ At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of (a) the total voting power of all classes of stock of the cooperative entitled to vote, or (b) the total value of all classes of stock of the cooperative? . . . . . . . . . . . . If “Yes,” enter: (a) Percentage owned ▶ and (b) Owner’s country ▶ c The cooperative may have to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. Enter number of Forms 5472 attached ▶ 9 Check this box if the cooperative issued publicly offered debt instruments with original issue discount . . . . . . . . . ▶ If checked, the cooperative may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. 10 11a Enter the amount of tax-exempt income received or accrued during the tax year (for example, interest or extraterritorial income) ▶ $ Enter the number of foreign patrons at the end of the tax year ▶ b Enter the total amount of patronage distributions described in (or deducted under) IRC 1382(b) paid or allocated to foreign patrons ▶ 12 If the cooperative has an NOL for the tax year and is electing to forego the carryback period, check here. See instructions . . . . . . . ▶ If the cooperative is filing a consolidated return, the statement required by Regulations section 1.1502-21(b) (3) must be attached or the election will not be valid. 13 Enter the available NOL carryover from prior tax years. Do not reduce it by any deduction on page 1, line 26a. Patronage ▶ $ Nonpatronage ▶ $ 14 Are the cooperative’s total receipts (page 1, line 1a plus lines 4 through 9) for the tax year and its total assets at the end of the tax year less than $250,000? 15 If “Yes,” the cooperative is not required to complete Schedule G, L, M-1, or M-2. Instead, enter the total amount of cash distributions and the book value of property distributions (other than cash) made during the tax year. ▶ $ Enter the amount of outstanding nonqualified notices of allocation (attach statement) ▶ 16 Does the cooperative have gross receipts of at least $500 million in any of the 3 preceding tax years? (See section 59A(e)(2) and (3)) . . . . . . . . . If “Yes,” complete and attach Form 8991. 17 Did the cooperative have an election under section 163(j) for any real property trade or business or any farming business in effect during the tax year? (see instructions) . . . . . . . . . . . . 18 Does the cooperative satisfy one of the following conditions and the corporation does not own a pass-through entity with current year, or prior year carryover, excess business interest expense? (see instructions) . . . . . . . . . . . . a The cooperative’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the current tax year do not exceed $25 million, and the cooperative is not a tax shelter; or b The cooperative only has business interest expense from (1) an electing real property trade or business, (2) an electing farming business, or (3) certain utility businesses under section 163(j)(7). If “No,” complete and attach Form 8990. Form 1120-C (2018) Page 5 Form 1120-C (2018) Schedule L Balance Sheets per Books Assets Beginning of tax year (a) 1 2a b 3 4 5 6 7 8a b 9a b 10 11a b 12 13 Cash . . . . . . . . . . . Trade notes and accounts receivable . Less allowance for bad debts . . . Inventories . . . . . . . . . Other current assets (attach statement) Investments (see instructions) . . . Loans to shareholders . . . . . Mortgage and real estate loans . . Buildings and other depreciable assets Less accumulated depreciation . . Depletable assets . . . . . . . Less accumulated depletion . . . Land (net of amortization) . . . . Intangible assets (amortizable only) . Less accumulated amortization . . Other assets (attach statement) . . Total assets . . . . . . . . . 14 15 16 17 18 19 20 Accounts payable . . . . . . . . . . . . Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach statement) . . . . Loans from shareholders . . . . . . . . . . Mortgages, notes, bonds payable in 1 year or more . Other liabilities (attach statement) . . . . . . . Capital stock: a Preferred stock . . . . . . b Common stock . . . . . . Additional paid-in capital . . . . . . . . . . Patronage dividends allocated in noncash form . . Per-unit retains allocated in noncash form . . . . Retained earnings—Appropriated (attach statement) Retained earnings—Unappropriated . . . . . . Adjustments to shareholders’ equity (attach statement) Less cost of treasury stock . . . . . . . . . Total liabilities and capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . End of tax year (b) (c) (d) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Liabilities and Capital 21 22 23 24 25 26 27 28 Schedule M-1 1 2 3 4 ( Net income (loss) per books . . . . Federal income tax per books . . . Excess of capital losses over capital gains Income subject to tax not recorded on books this year (itemize): 7 Income recorded on books this year not included in this tax return (itemize): Tax-exempt interest $ 8 Deductions in this tax return not charged against book income this year (itemize): a Depreciation . . . . $ b Charitable contributions $ Expenses recorded on books this year not deducted in this return (itemize): $ a Depreciation . . . b Charitable contributions $ c Travel and entertainment $ 1 2 3 4 9 10 Add lines 1 through 5 Schedule M-2 ( ) Reconciliation of Income (Loss) per Books With Income per Return Note: The cooperative may be required to file Schedule M-3. See instructions. 5 6 ) Add lines 7 and 8 . . . . . . . Income (page 1, line 25a)—line 6 less line 9 Analysis of Unappropriated Retained Earnings per Books (Schedule L, line 25) Balance at beginning of year Net income (loss) per books . Other increases (itemize): Add lines 1, 2, and 3 . . . . . . . . . . . . 5 6 7 8 a Cash . . . . . b Stock . . . . . c Property . . . . Other decreases (itemize): Add lines 5 and 6 . . . . . . . Balance at end of year (line 4 less line 7) Distributions: Form 1120-C (2018)
Extracted from PDF file 2018-federal-form-1120-c.pdf, last modified January 2019

More about the Federal Form 1120-C Corporate Income Tax Tax Return TY 2018

Corporations operating on a cooperative basis file this form 1120-C to report their income,gains, losses, deductions, credits, and to figure their income tax liability.

We last updated the U.S. Income Tax Return for Cooperative Associations in January 2019, so this is the latest version of Form 1120-C, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form 1120-C directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 941 Employer's Quarterly Federal Tax Return
Form 1120-H U.S. Income Tax Return for Homeowners Associations
Form 9465 Installment Agreement Request
Form 4562 Depreciation and Amortization (Including Information on Listed Property)
990 (Schedule O) Supplemental Information to Form 990 or 990-EZ

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 Form 1120-C from the Internal Revenue Service in January 2019.

Show Sources >

Form 1120-C is a Federal Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

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 Form 1120-C

We have a total of eight past-year versions of Form 1120-C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form 1120-C

2018 Form 1120-C

2017 Form 1120-C

2016 Form 1120-C

2016 Form 1120-C

2016 Form 1120-C

U.S. Income Tax Return for Cooperative Associations 2015 Form 1120-C

2015 Form 1120-C

U.S. Income Tax Return for Cooperative Associations 2014 Form 1120-C

2014 Form 1120-C

U.S. Income Tax Return for Cooperative Associations 2013 Form 1120-C

2013 Form 1120-C

U.S. Income Tax Return for Cooperative Associations 2012 Form 1120-C

2012 Form 1120-C

U.S. Income Tax Return for Cooperative Associations 2011 Form 1120-C

2011 Form 1120-C


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