About Form 1120-F, U.S. Income Tax Return of a Foreign Corporation


A foreign corporation files this form to report their income, gains, losses, deductions, credits, and to figure their U.S. income tax liability.

Current Revision

Recent Developments


Use Schedule D (Form 1120) to:

  • Figure the overall gain or loss from transactions reported on Form 8949.
  • Report certain transactions the corporation does not have to report on Form 8949.
  • Report capital gain distributions not reported directly on Form 1120.

 Schedule D (Form 1120)PDF

Instructions for Schedule D (Form 1120) (Print VersionPDF)

A foreign corporation that files Form 1120-F uses this schedule to report the amount of the foreign corporation's deductible expenses that are allocated and apportioned under Regulations sections 1.861-8 and 1.861-17 and Temporary Regulations section 1.861-8T between ECI and non-ECI.

Schedule H (Form 1120-F)PDF

Instructions for Schedule H (Form 1120-F) (Print VersionPDF)

File this schedule to report:

  • the amount of interest expense allocable to effectively connected income (“ECI”) and
  • the deductible amount of such allocation for the tax year under section 882(c) and Regulations section 1.882-5.

Schedule I (Form 1120-F)PDF

Instructions for Schedule I (Form 1120-F)  (Print VersionPDF)

Generally, any foreign corporation that is required to complete Form 1120-F, Section II must complete Schedules M-1 and M-2 (Form 1120-F).

Schedules M-1 and M-2 (Form 1120-F)PDF

Schedule M-3, Part I, determines the adjusted financial net income (loss) of the non-consolidated foreign corporation filing Form 1120-F, U.S. Income Tax Return of a Foreign Corporation. Schedule M-3, Parts II and III, reconcile this financial result with the corporation's taxable income before the NOL deduction and special deductions on Form 1120-F.

Schedule M-3 (Form 1120-F)

Instructions for Schedule M-3 (Form 1120-F) (Print VersionPDF)

This schedule is used to identify and reconcile the foreign corporation's directly held partnership interests with the distributive shares of partnership effectively connected income (ECI) and the foreign corporation's effectively connected outside tax basis in each interest.

Schedule P (Form 1120-F)PDF

Instructions for Schedule P (Form 1120-F) (Print VersionPDF)

Foreign corporations file this schedule to:

  • claim an exclusion of income under section 883 and
  • provide reporting information required by the section 883 regulations.

Schedule S (Form 1120-F)PDF

Instructions for Schedule S (Form 1120-F) (Print VersionPDF)

A foreign corporation files this schedule to report basic information for each vessel or aircraft with respect to which the corporation is subject to the 4% rate of tax on U.S. source gross transportation income (USSGTI) under section 887.

Schedule V (Form 1120-F)PDF

Instructions for Schedule V (Form 1120-F) (Print VersionPDF)

Schedule UTP (Form 1120) asks for information about tax positions that affect the U.S. federal income tax liabilities of certain corporations that issue or are included in audited financial statements and have assets that equal or exceed $10 million.

Schedule UTP (Form 1120)PDF

Instructions for Schedule UTP (Form 1120) (Print VersionPDF)

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