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Form 1120 S

What is a Form 1120 S?

1120 S form is the form used in US IRS for the purposes of reporting the following:

This is used for any domestic organization or any other establishment for the reason of tax year. That tax year may be any tax year but covered by an election as an S Corporation. An S Corporation is a Company that is used to avoid double taxation, i.e. at corporate and personal levels.