Entityreturns [ edit ]

Form1065,U.S.ReturnofPartnershipIncome,isusedbypartnershipsfortaxreturns.
Form1041,U.S.IncomeTaxReturnforEstatesandTrusts,isusedbyestatesandtrustsfortaxreturns.

1120series [ edit ]
Form1120,U.S.CorporationIncomeTaxReturn,isusedbyCcorporationsfortaxreturns.
Form1120S,U.S.IncomeTaxReturnforanSCorporation,isusedbyScorporationsfortaxreturns.
Form1120C,U.S.IncomeTaxReturnforCooperativeAssociations,isusedbycooperativesfortax
returns.
Form1120H,U.S.IncomeTaxReturnforHomeownersAssociations,isusedbycondominiumand
housingassociationsfortaxreturns.
Form1120(officiallythe"U.SCorporateIncomeTaxReturn")isoneoftheIRStaxformsusedbycorporations
(specifically,Ccorporations)intheUnitedStatestoreporttheirincome,gains,losses,deductions,creditsand
tofigureouttheirtaxliability.[21][22][23]Theformhasmanyvariantsforcorporationswithdifferentstructuresthe
mostcommonvariantistheForm1120SusedbyScorporations.[24][25]Form1120consistsof1pagewith36
linesand6additionalschedules.Lines111dealwithincome,lines1229dealwithdeductions,andlines30
36dealwithtax,refundablecredits,andpayments.[26]
Form1120wasoriginallyintroducedunderthepresidencyofWoodrowWilsonattheendofWorldWarI,and
describedasthe"blankonwhichcorporationswillreporttheirwarexcessprofitsandincometaxes."Thefirst
applicabletaxyearwas1918,andtheformwasmadeavailablearoundMarch15,1919.[27]Twootherforms
releasedthesameyearwereForm1065(forpartnershipsandpersonalservicecorporations)andForm1115
(fornonresidentalienstoreceivethebenefitofpersonalexemptions).[28]Thereleaseoftheseformscame
onlyafewyearsafterthereleaseofForm1040,thepersonalincometaxreturnform,thatfirstappliedtothe
1913taxyear.[29][30]
TheTaxFoundationhaspublishedstudiesontheeffectivetaxrateanditsdistributionacrosscorporations,as
wellasthecompliancecost.[31]Form1120isalsoincludedinTaxFoundationreportsontheoverallcostoftax
compliance.[32]ANewYorkTimesarticlein1994citedaTaxFoundationreportbasedon1993dataforthe
claimthatcorporationswithassetsoflessthan$1millionspent$15.9billionintaxcomplianceandyet
effectivelyspentonly$4.1billiontopaytaxes,suggestingahugeandinefficientcostofcompliance.[21]
A2015reportbytheWallStreetJournalonthecostoftaxcompliancesoftwareestimatedanaveragecostof
$817forForm1120and$778forForm1120S.[33]