If Yes file Form 5452 Corporate Report of Nondividend Distributions If this is

If yes file form 5452 corporate report of nondividend

This preview shows page 4 - 5 out of 5 pages.

If "Yes," file Form 5452,Corporate Report of Nondividend Distributions.If this is a consolidated return, answer here for the parent corporation and on Form 851 for each subsidiary.7At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of (a) the total voting power of all classes of the corporation’s stock entitled to vote or (b) the total value of all classes of the corporation’s stock? ....For rules of attribution, see section 318. If “Yes,” enter:(i) Percentage owned aand (ii)Owner’s country a(c) The corporation may have to file Form 5472,Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. Enter the number of Forms 5472 attached a8Check this box if the corporation issued publicly offered debt instruments with original issue discount ...... aIf checked, the corporation may have to file Form 8281,Information Return for Publicly Offered Original Issue Discount Instruments.9Enter the amount of tax-exempt interest received or accrued during the tax year a$10Enter the number of shareholders at the end of the tax year (if 100 or fewer) a11If the corporation has an NOL for the tax year and is electing to forego the carryback period, check here ..... aIf the corporation is filing a consolidated return, the statement required by Regulations section 1.1502-21(b)(3) must be attached or the election will not be valid.12Enter the available NOL carryover from prior tax years (do not reduce it by any deduction on line 29a.) a$13Are the corporation’s total receipts (page 1, line 1a, plus lines 4 through 10) for the tax year andits total assets at the end of the tax year less than $250,000? .............................If “Yes,” the corporation is not required to complete Schedules L, M-1, and M-2. Instead, enter the total amount of cash distributions and the book value of property distributions (other than cash) made during the tax year a$14Is the corporation required to file Schedule UTP (Form 1120), Uncertain Tax Position Statement (see instructions)?....If “Yes,” complete and attach Schedule UTP.15aDid the corporation make any payments in 2014 that would require it to file Form(s) 1099?...........bIf “Yes,” did or will the corporation file required Forms 1099?....................16During this tax year, did the corporation have an 80% or more change in ownership, including a change due to redemption of its own stock? ..................................17During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more than 65% (by value) of its assets in a taxable, non-taxable, or tax deferred transaction? ..................18Did the corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or fair market value of more than $1 million? ...........................Form 1120(2014)
Background image
Form 1120 (2014)Page 5Schedule LBalance Sheets per BooksBeginning of tax yearEnd of tax year( )( )( )( )( )( )( )( )( )( )Assets(a) (b) (c) (d) 1 Cash ............
Background image

You've reached the end of your free preview.

Want to read all 5 pages?

  • Winter '11
  • MarciaTurner-Edwards
  • Balance Sheet, Revenue, Taxation in the United States, Foreign corporation

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture