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Form 1120-F (U.S. Income Tax Return of a Foreign Corporation)

The Form 1120-F (U.S. Income Tax Return of a Foreign Corporation) can now be e-filed through the IRS' Modernized e-File (MeF) platform. The 1120-F joins Forms 1120, 1120S, 1065, 1065-B, 990, 990-N, 990-PF, 1120-POL, 720, 2290 and 8849 that are processed on the MeF standardized eXtensible Mark-up Language (XML) system. The following forms are specific to the Form 1120-F and can also be e-filed in MeF:

  • Form 1120-F (Schedule M-1 and M-2) (Reconciliation of Income (Loss) and Analysis of Unappropriated Retained Earnings per Books)
  • Form 1120-F (Schedule M-3) (Net Income [Loss] Reconciliation for Foreign Corporations With U.S. Assets of $10 Million or More
  • Form 1120-F (Schedule H) (Deductions Allocated to Effectively Connected Income Under Regulations Section 1.861-8)
  • Form 1120-F (Schedule I) (Interest Expense Allocation Under Regulations Section 1.882-5)
  • Form 1120-F (Schedule P) (List of Foreign Partner Interests in Partnerships)
  • Form 8302 (Electronic Deposit of Tax Refund of $1 Million or More)

Foreign corporations can e-file their TY2007 1120-F returns by:

  1. Registering as a Large Taxpayer - Foreign corporations with U.S. citizen employees can designate a representative to register with e-services and create an e-file Application. The registration process, is a one-time, universal process that allows Large Taxpayers to do business with IRS electronically. The e-file Application for Large Taxpayers (pdf, 1.42MB) provides the Electronic Filing Identification Number (EFIN) and Electronic Transmitter Identification Number (ETIN) necessary to e-file a return with IRS.
  2. Using an Online Provider - Online Providers offer software, origination and transmission services. Online Providers who have successfully passed IRS' Assurance Testing System (ATS) are listed on irs.gov at Corporate Returns. You may have to contact the Providers individually if they have not updated this link to indicate that they offer 1120-F software and services.
  3. Using a tax professional - Electronic Return Originators/Transmitters can originate and transmit returns to IRS. For a list of Providers who are EROs/Transmitters and who have passed IRS' ATS testing.

While e-filing Form 1120-F is not mandatory for Tax Year 2007, recently passed Treasury Directive 9363 extends the requirement to e-file to other corporate returns, including the 1120-F, for Tax Years ending on or after December 31, 2008 and beyond.

The 1120-F shares many business rules and forms/schedules currently used by Forms 1120/1120S.  IRS provides a complete list of the forms and schedules that can be attached, including the maximum number of forms that can be attached to the 1120-F return and the required format (XML or Portable Document Format [PDF]).

Foreign corporations who have successfully qualified as “Large Taxpayers” (see item #1 above) are encouraged to sign up for Quick Alerts.  Quick Alerts is a free, web-based mass messaging system available to Authorized IRS e-file Providers. It provides instant e-mail communication regarding processing delays, e-file program updates, and early notification of upcoming seminars and conferences, plus other relative e-file information. Signing up for Quick Alerts requires Large Taxpayers to provide their ETIN.  The Quick Alerts messaging system uses a "push technology" program that can instantly disseminate messages to thousands of subscribers via e-mail.  Subscribers will receive communications 24 hours a day, 7 days a week, regarding processing delays, IRS e-file program updates, and early notification of upcoming seminars and conferences.  Information for Quick Alerts is available at Tax Information for Tax Professionals.  Software developers can obtain the latest Production version of the 1120-F schemas and Stylesheets online.  Questions or comments can be submitted to the IRS at Large Corporate @ irs.gov.

 

Return to:    e-file for Large and Mid-Size Corporations

Page Last Reviewed or Updated: 18-Apr-2014