Schedule K-1 (Form 1120-S)


(5 / 5) 1 votes
Schedule K-1 (Form 1120-S) - Thumbnail Show form versions

Get your Schedule K-1 (Form 1120-S) in 3 easy steps

  • 01 Fill and edit template
  • 02 Sign it online
  • 03 Export or print immediately

1. What is an 1120-S Form?

Income Tax Return for an S Corporation (shortly Form 1120-S) is a federal tax form by the IRS that is used for reporting your S corporation income, deductions, gains, losses, credits, and other financial facts of the business. In most cases, you have to submit the form by March 15. You may be required to fill out Schedules B, K, L, and others to provide extra information. Read the full IRS instruction on the form to figure it out. You can print the form directly from PDFLiner with all the Schedules included. 

2. What I need the 1120-S Form for?

  • You have to submit the fillable Form 1120-S if you are in charge of an S corporation taxation or represent the companies financial system;
  • Don’t fill and file the blank if you are a shareholder of an S corporation as you have to file an individual income tax return and pay average income taxes. 

3. How to fill out Form 1120-S?

Schedule K-1 Form 1120-S Screenshot

This form includes 5 fillable pages and requires the following data:

  • Name, EIN, incorporation date, total assets, etc.;
  • Income (lines 1-6);
  • Deductions (lines 7-21);
  • Tax and Payments (lines 22-27);
  • Schedule B – extra information (optional);
  • Schedule K – info about pro-data share items of the company shareholders;
  • Schedule L – information about assets;
  • Schedule M-1 – data for reconciliation of income;
  • Schedule M-2 – data for accumulated adjustments account analysis. 

Schedule K-1 Form 1120-S Screenshot 2

If you want to fill out your form in third-party tax software on your computer, feel free to download Form 1120-S from our website. Besides, you can use our convenient online PDF editor to fill it out right in the browser. 

4. Organizations that work with Form 1120-S:

  • The Internal Revenue Service (IRS).

5. Related to Form 1120-S Schedule K-1 Documents

Form Versions

2019 Fillable Schedule K-1 Form 1120-S (2019) Fill Out Form
2020 Fillable Schedule K-1 - Form 1120-S (2020) Fill Out Form
2021 Fillable Schedule K-1 - Form 1120-S (2021) Fill Out Form

What people say

  • Fred Walters
    Now that I’ve switched from Word to PDFLiner, I save lots of time processing and digitally distributing tons of billing forms, work orders, forecast reports, and invoices. In addition to this, thanks to PDFLiner, we’ve significantly minimized our paper consumption. Excellent tool that helps me cope with my business workflow faster and easier.
  • Peter Scheffel
    Self-employed attorney
    PDFLiner allows me to streamline the processes of generating and managing legal documents, as well as collecting electronic signatures for all my contracts and agreements. I like that I can customize forms on the go and access PDFLiner from all my gadgets. No more printing or scanning! That’s just brilliant!
  • Lisa Matthews
    University student
    When you’re a student, you deal with PDFs a lot… Newsletters, various worksheets, official forms you need to fill in and sign, etc… To me, filling out a PDF form used to be among the trickiest and most time-consuming things ever. But then a friend of mine introduced me to PDFLiner, and oh my God, my life has changed since then. It’s easy to use and has so many great features. Just awesome, I love it!
Fillable online Schedule K-1 (Form 1120-S)
(5 / 5) 1 votes
Please, wait...
We use unpersonalized cookies to keep our site working and collect statistics for marketing purposes. By continuing to use this site, you consent to this policy. Learn more