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Federal Free Printable Form 1128 (Rev. October 2014) for 2019 Federal Application to Adopt, Change or Retain a Tax Year

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Application to Adopt, Change or Retain a Tax Year
Form 1128 (Rev. October 2014)

Note: Form 1128 begins on the next page. The “Where to File” mailing address for a ruling request for exempt organizations has changed. The filing address included in the instructions for Part III of Form 1128 (Rev. October 2014) for exempt organizations requesting a ruling has changed. The new address is: Internal Revenue Service 1973 N Rulon White Blvd M/S 6273 Ogden, Utah 84201 The new filing address is effective immediately. 1128 Form (Rev. October 2014) Department of the Treasury Internal Revenue Service Part I Application To Adopt, Change, or Retain a Tax Year ▶ OMB No. 1545-0134 Information about Form 1128 and its separate instructions is available at www.irs.gov/form1128. Attachment Sequence No. 148 General Information Type or Print Important: All filers must complete Part I and sign below. See instructions. Name of filer (if a joint return is filed, also enter spouse’s name) (see instructions) Filer’s identifying number Number, street, and room or suite no. (if a P.O. box, see instructions) Service Center where income tax return will be filed City or town, state, and ZIP code Filer’s area code and telephone number/Fax number ( Name of applicant, if different than the filer (see instructions) ) ) / ( Applicant’s identifying number (see instructions) Name of person to contact (if not the applicant or filer, attach a power of attorney) Contact person’s area code and telephone number/Fax number 1 ( ) Check the appropriate box(es) to indicate the type of applicant (see instructions). Individual Partnership Estate 2a / ( ) Cooperative (sec. 1381(a)) Controlled foreign corporation (CFC) (sec. 957) Passive foreign investment company (PFIC) (sec. 1297) Foreign sales corporation (FSC) or Interest-charge domestic international sales corporation (IC-DISC) Other foreign corporation Domestic corporation S corporation Specified foreign corporation (SFC) (sec. 898) Personal service corporation (PSC) 10/50 corporation (sec. 904(d)(2)(E)) Trust Approval is requested to (check one) (see instructions): Adopt a tax year ending ▶ Tax-exempt organization Homeowners Association (sec. 528) Other (Specify entity and applicable Code section) (Partnerships and PSCs: Go to Part III after completing Part I.) Change to a tax year ending ▶ Retain a tax year ending ▶ b If changing a tax year, indicate the date the present tax year ends (see instructions). ▶ c If adopting or changing a tax year, the first return or short period return will be filed for the tax year , 20 , and ending ▶ , 20 beginning ▶ 3 Is the applicant’s present tax year, as stated on line 2b above, also its current financial reporting year? ▶ 4 5 Yes No If “No,” attach an explanation. Indicate the applicant’s present overall method of accounting. Accrual method Cash receipts and disbursements method Other method (specify) ▶ State the nature of the applicant’s business or principal source of income. Signature—All Filers (See Who Must Sign in the instructions.) Under penalties of perjury, I declare that I have examined this application, 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 filer) is based on all information of which preparer has any knowledge. Date Signature of filer Paid Preparer Use Only Print/Type preparer’s name Preparer’s signature ▲ ▲ Sign Here Type or print name and title Date Check if self-employed Firm’s name ▶ Firm’s EIN Firm’s address ▶ Phone no. For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 21115C PTIN ▶ Form 1128 (Rev. 10-2014) Form 1128 (Rev. 10-2014) Part II Page 2 Automatic Approval Request (see instructions) • Identify the revenue procedure under which this automatic approval request is filed ▶ Section A—Corporations (Other Than S Corporations or Personal Service Corporations) (Rev. Proc. 2006-45, or its successor) Yes No 1 2 3 Is the applicant a corporation (including a homeowners association (section 528)) that is requesting a change in tax year and is allowed to use the automatic approval rules under section 4 of Rev. Proc. 2006-45 (or its successor)? (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ Does the corporation intend to elect to be an S corporation for the tax year immediately following the short period? If “Yes” and the corporation is electing to change to a permitted tax year, file Form 1128 as an attachment to Form 2553. Is the applicant a corporation requesting a concurrent change for a CFC, FSC or IC-DISC? (see instructions) . ▶ Section B—Partnerships, S Corporations, Personal Service Corporations (PSCs), and Trusts (Rev. Proc. 2006-46, or its successor) Is the applicant a partnership, S corporation, PSC, or trust that is requesting a tax year and is allowed to use the automatic approval rules under section 4 of Rev. Proc. 2006-46 (or its successor)? (see instructions) . . . . ▶ Is the partnership, S corporation, PSC, or trust requesting to change to its required tax year or a partnership, S corporation, or PSC that wants to change to a 52-53 week tax year ending with reference to such tax year? . ▶ 4 5 6 Is the partnership, S corporation, or PSC (other than a member of a tiered structure) requesting a tax year that coincides with its natural business year described in section 4.01(2) of Rev. Proc. 2006-46 (or its successor)? Attach a statement showing gross receipts for the most recent 47 months. (See instructions for information required to be submitted) . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 7 Is the S corporation requesting an ownership tax year? (see instructions) . . . . . . . . . . . . . ▶ 8 Is the applicant a partnership requesting a concurrent change pursuant to section 6.09 of Rev. Proc. 2006-45 (or its successor) or section 5.04(8) of Rev. Proc. 2002-39 (or its successor)? (see instructions) . . . . . ▶ Section C—Individuals (Rev. Proc. 2003-62, or its successor) (see instructions) 9 Is the applicant an individual requesting a change from a fiscal year to a calendar year? . . . . . . . . ▶ Section D—Tax-Exempt Organizations (Rev. Proc. 76-10 or 85-58) (see instructions) 10 Is the applicant a tax-exempt organization requesting a change? . . . . . . . . . . . . . . . ▶ Part III Ruling Request (All applicants requesting a ruling must complete Section A and any other section that applies to the entity. See instructions.) (Rev. Proc. 2002-39, or its successor) Yes No Section A—General Information 1 Is the applicant a partnership, S corporation, personal service corporation, or trust that is under examination by the IRS, before an appeals office, or a Federal court? . . . . . . . . . . . . . . . . . . . ▶ If “Yes,” see the instructions for information that must be included on an attached explanation. Has the applicant changed its annual accounting period at any time within the most recent 48-month period ending with the last month of the requested tax year? . . . . . . . . . . . . . . . . . . . ▶ 2 If “Yes” and a letter ruling was issued granting approval to make the change, attach a copy of the letter ruling, or if not available, an explanation including the date approval was granted. If a letter ruling was not issued, indicate when and explain how the change was implemented. Within the most recent 48-month period, has any accounting period application been withdrawn, not perfected, denied, or not implemented? . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ If “Yes,” attach an explanation. 3 4a Is the applicant requesting to establish a business purpose under section 5.02(1) of Rev. Proc. 2002-39 (or its successor)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ If “Yes,” attach an explanation of the legal basis supporting the requested tax year (see instructions). b If your business purpose is based on one of the natural business year tests under section 5.03, check the applicable box. Annual business cycle test Seasonal business test 25-percent gross receipts test Attach a statement showing gross receipts from sales and services (and inventory cost if applicable) for the test period. (see instructions) 5 Enter the taxable income or (loss) for the 3 tax years immediately preceding the year of change and for the short period. If necessary, estimate the amount for the short period. $ $ First preceding year Short period $ Second preceding year $ Third preceding year Note: Individuals, enter adjusted gross income. Partnerships and S corporations, enter ordinary income. Section 501(c) organizations, enter unrelated business taxable income. Estates, enter adjusted total income. All other applicants, enter taxable income before net operating loss deduction and special deductions. Form 1128 (Rev. 10-2014) Form 1128 (Rev. 10-2014) 6 7 8a Page Corporations only, enter the losses or credits, if any, that were generated or that expired in the short period: Generated Expiring $ Net operating loss . . . . . . . . $ $ Capital loss . . . . . . . . . . $ $ Unused credits . . . . . . . . . $ Enter the amount of deferral, if any, resulting from the change (see section 5.05(1), (2), (3) and 6.01(7) of Rev. Proc. 2002-39, or its successor) . . . . . . . . . . . . . . . . . ▶ $ Is the applicant a U.S. shareholder in a CFC? . . . . . . . . . . . . . . . . . . . . . . 3 Yes No ▶ If “Yes,” attach a statement for each CFC providing the name, address, identifying number, tax year, the percentage of total combined voting power of the applicant, and the amount of income included in the gross income of the applicant under section 951 for the 3 tax years immediately before the short period and for the short period. b Will each CFC concurrently change its tax year? . . . . . . . . . . . . . . . . . . . . . ▶ If “Yes” to line 8b, go to Part II, line 3. If “No,” attach a statement explaining why the CFC will not be conforming to the tax year requested by the U.S. shareholder. 9a Is the applicant a U.S. shareholder in a PFIC as defined in section 1297? . . . . . . . . . . . . . ▶ If “Yes,” attach a statement providing the name, address, identifying number, and tax year of the PFIC, the percentage of interest owned by the applicant, and the amount of distributions or ordinary earnings and net capital gain from the PFIC included in the income of the applicant. b Did the applicant elect under section 1295 to treat the PFIC as a qualified electing fund? . . . . . . . ▶ 10a Is the applicant a member of a partnership, a beneficiary of a trust or estate, a shareholder of an S corporation, a shareholder of an IC-DISC, or a shareholder of an FSC? . . . . . . . . . . . . . . . . . . ▶ If “Yes,” attach a statement providing the name, address, identifying number, type of entity (partnership, trust, estate, S corporation, IC-DISC, or FSC), tax year, percentage of interest in capital and profits, or percentage of interest of each IC-DISC or FSC and the amount of income received from each entity for the first preceding year and for the short period. Indicate the percentage of gross income of the applicant represented by each amount. b Will any partnership concurrently change its tax year to conform with the tax year requested? . . . . . . ▶ c If “Yes” to line 10b, has any Form 1128 been filed for such partnership? . . . . . . . . . . . . . ▶ 11 Does the applicant or any related entity currently have any accounting method, tax year, ruling, or technical advice request pending with the IRS National Office? . . . . . . . . . . . . . . . . . . . ▶ If “Yes,” attach a statement explaining the type of request (method, tax year, etc.) and the specific issues involved in each request. 12 Is Form 2848, Power of Attorney and Declaration of Representative, attached to this application? . . . . ▶ Does the applicant request a conference of right (in person or by telephone) with the IRS National Office, if the 13 IRS proposes to disapprove the application? . . . . . . . . . . . . . . . . . . . . . . ▶ 14 Enter amount of user fee attached to this application (see instructions) . . . . . . . . . . ▶ $ Section B—Corporations (other than S corporations and controlled foreign corporations) (see instructions) 15 Enter the date of incorporation. ▶ Yes No 16a Does the corporation intend to elect to be an S corporation for the tax year immediately following the short period? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ b If “Yes,” will the corporation be going to a permitted S corporation tax year? . . . . . . . . . . . ▶ If “No” to line 16b, attach an explanation. 17 Is the corporation a member of an affiliated group filing a consolidated return? . . . . . . . . . . . ▶ If “Yes,” attach a statement providing (a) the name, address, identifiying number used on the consolidated return, tax year, and Service Center where the applicant files the return; (b) the name, address, and identifying number of each member of the affiliated group; (c) the taxable income (loss) of each member for the 3 years immediately before the short period and for the short period; and (d) the name of the parent corporation. 18a Personal service corporations (PSCs): Attach a statement providing each shareholder’s name, type of entity (individual, partnership, corporation, etc.), address, identifying number, tax year, percentage of ownership, and amount of income received from the PSC for the first preceding year and the short period. b If the PSC is using a tax year other than the required tax year, indicate how it obtained its tax year. Grandfathered (attach copy of letter ruling) Section 444 election (date of election (attach copy)) Letter ruling (date of letter ruling Form ) 1128 (Rev. 10-2014) Form 1128 (Rev. 10-2014) Page Section C—S Corporations (see instructions) 19 Enter the date of the S corporation election. ▶ 20 Is any shareholder applying for a corresponding change in tax year? . . . . . . . . . . . . . . ▶ If “Yes,” each shareholder requesting a corresponding change in tax year must file a separate Form 1128 to get advance approval to change its tax year. 21 22 If the corporation is using a tax year other than the required tax year, indicate how it obtained its tax year. Grandfathered (attach copy of letter ruling) Section 444 election (date of election Letter ruling (date of letter ruling (attach copy)) Yes No ) Attach a statement providing each shareholder’s name, type of shareholder (individual, estate, qualified subchapter S Trust, electing small business trust, other trust, or exempt organization), address, identifying number, tax year, percentage of ownership, and the amount of income each shareholder received from the S corporation for the first preceding year and for the short period. Section D—Partnerships (see instructions) 23 Enter the date the partnership’s business began. ▶ 24 Is any partner applying for a corresponding change in tax year? . . . . . . . . . . . . . . . . ▶ 25 Attach a statement providing each partner’s name, type of partner (individual, partnership, estate, trust, corporation, S corporation, IC-DISC, etc.), address, identifying number, tax year, and the percentage of interest in capital and profits. 26 4 Yes No Is any partner a shareholder of a PSC as defined in Regulations section 1.441-3(c)? . . . . . . . . . ▶ If “Yes,” attach a statement providing the name, address, identifiying number, tax year, percentage of interest in capital and profits, and the amount of income received from each PSC for the first preceding year and for the short period. 27 If the partnership is using a tax year other than the required tax year, indicate how it obtained its tax year. ) Grandfathered (attach copy of letter ruling) Section 444 election (date of election Letter ruling (date of letter ruling (attach copy)) Section E—Controlled Foreign Corporations (CFC) 28 Attach a statement for each U.S. shareholder (as defined in section 951(b)) providing the name, address, identifying number, tax year, percentage of total value and percentage of total voting power, and the amount of income included in gross income under section 951 for the 3 tax years immediately before the short period and for the short period. Section F—Tax-Exempt Organizations 29 Trust Type of organization: Corporation Other (specify) ▶ ▶ 30 Date of organization. 31 Code section under which the organization is exempt. ▶ 32 Is the organization required to file an annual return on Form 990, 1120-C, 990-PF, 990-T, 1120-H, or 1120-POL? ▶ Enter the date the tax exemption was granted. ▶ 33 . Attach a copy of the letter ruling granting exemption. If a copy of the letter ruling is not available, attach an explanation. 34 If the organization is a private foundation, is the foundation terminating its status under section 507? . . . ▶ Section G—Estates Enter the date the estate was created. ▶ 35 Yes No 36 a Attach a statement providing the name, identifying number, address, and tax year of each beneficiary and each person who is an interested party of any portion of the estate. b Based on the adjusted total income of the estate entered in Part III, Section A, line 5, attach a statement showing the distribution deduction and the taxable amounts distributed to each beneficiary for the 2 tax years immediately before the short period and for the short period. Section H—Passive Foreign Investment Companies 37 If the applicant is a passive foreign investment company, attach a statement providing each U.S. shareholder’s name, address, identifying number, and percentage of interest owned. Form 1128 (Rev. 10-2014)
Extracted from PDF file 2018-federal-form-1128.pdf, last modified April 2017

More about the Federal Form 1128 Corporate Income Tax TY 2018

We last updated the Application to Adopt, Change or Retain a Tax Year in February 2019, so this is the latest version of Form 1128, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form 1128 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 1128 from the Internal Revenue Service in February 2019.

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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 Form 1128

We have a total of seven past-year versions of Form 1128 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form 1128

Form 1128 (Rev. October 2014)

2017 Form 1128

Form 1128 (Rev. October 2014)

2016 Form 1128

Form 1128 (Rev. October 2014)

Application To Adopt, Change, or Retain a Tax Year 2015 Form 1128

Form 1128 (Rev. October 2014)

Application To Adopt, Change, or Retain a Tax Year 2014 Form 1128

Form 1128 (Rev. October 2014)

Application To Adopt, Change, or Retain a Tax Year 2012 Form 1128

Form 1128 (Rev. January 2008)

Application To Adopt, Change, or Retain a Tax Year 2011 Form 1128

Form 1128 (Rev. January 2008)


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