What Is IRS Form 1120-A?

by Erica Leigh - Updated September 26, 2017
Businesswoman

IRS Form 1120A was the short version of Form 1120, the tax return for corporations. The federal form has been discontinued, but some states continue to use a similar form.

Filing Corporate Tax Returns

Unless a domestic corporation is exempt under tax code section 501, it must file an annual income tax return. Being in bankruptcy or having no taxable income does not exempt a corporation from filing. A corporation may file Form 1120 or may be required to file any of a number of special 1120 forms, depending on the corporate structure and business type.

Time Frame

Form 1120A was discontinued after the 2006 tax year; corporations that were eligible to file that form now must file Form 1120.

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Eligibility

Only corporations meeting 10 requirements could file Form 1120A. Some of the requirements were regarding gross receipts, total income, and total assets--each had to equal less than $500,000. Dividend income could come only from certain types of dividends and the corporation could not owe the alternative minimum tax.

Necessary Information

As with Form 1120, to fill out Form 1120A a corporation needed information about all of its assets, income, expenses, and applicable deductions.

Other 1120A Forms

Many state tax agencies continue to offer smaller corporations the option to file state income tax forms, analogously called 1120A.

About the Author

Erica Leigh has been writing and editing professionally since 2005, contributing to a technology and education nonprofit, renewable energy companies and various websites. Leigh holds bachelor's degrees in anthropology and linguistics from the University of Washington.

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