Complete columns (a) through (f) for all officers. A corporation determines who is an officer under the laws of the state/country where it is incorporated.
If a consolidated return is filed, this information must be furnished for each officer of the affiliated group. However, the common parent of a consolidated group may file, as part of its consolidated return, one Form 1125-E on behalf of the members of the affiliated group.
Enter compensation of officers deductible elsewhere on the return, such as amounts included in cost of goods sold, elective contributions to a section 401(k) cash or deferred arrangement, or amounts contributed under a salary reduction SEP agreement or a SIMPLE IRA plan.
If the corporation claims a credit for any wages paid or incurred, it may need to reduce its deduction for officers’ compensation. See section 280C. If the corporation provided taxable fringe benefits to its officers, such as personal use of a car, do not deduct as wages the amount allocated for depreciation and other expenses claimed elsewhere on the return.
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