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1120 U.S. Corporation Income Tax Return OMB No. 1545-0123

2023
Form
For calendar year 2023 or tax year beginning , 2023, ending , 20
Department of the Treasury
Internal Revenue Service Go to www.irs.gov/Form1120 for instructions and the latest information.
A Check if: Name B Employer identification number
1a Consolidated return
(attach Form 851)
TYPE C Date incorporated
b Life/nonlife consoli- Number, street, and room or suite no. If a P.O. box, see instructions.
dated return . . OR
2 Personal holding co. PRINT
(attach Sch. PH) . City or town, state or province, country, and ZIP or foreign postal code D Total assets (see instructions)
3 Personal service corp.
(see instructions) . $
4 Schedule M-3 attached E Check if: (1) Initial return (2) Final return (3) Name change (4) Address change
1a Gross receipts or sales . . . . . . . . . . . . . . . . . . 1a
b Returns and allowances . . . . . . . . . . . . . . . . . . 1b
c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . 1c
2 Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . Go
. . to. Form
. . 1125-A
. . . . 2
3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . 3
. Go
. to
. Schedule C. .
Income

4 Dividends and inclusions (Schedule C, line 23) . . . . . . . . . . . . . . 4

5 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . 8
9 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . 9
10 Other income (see instructions—attach statement) . . . . . . . . . Go
. .to . Other
. . Income
. . . . 10
11 Total income. Add lines 3 through 10 . . . . . . . . . . . . . . . . . . . . . . 11
12 Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . Go
. to
. 1125-E
. . . . 12
Deductions (See instructions for limitations on deductions.)

13 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . 13

14 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20 Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . 20
21 Depletion . . . . . . . . . . . . . . . . . . . . . . Go
. to
. Form
. . .4562
. . . 21
22 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . 23
24 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Energy efficient commercial buildings deduction (attach Form 7205) . . . . . . . . . . . . . 25
Go to Other Deductions
26 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . 26
27 Total deductions. Add lines 12 through 26 . . . . Section . . . 465(d)
. . loss
. adjustment
. . . . . . . . . . 27
28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11. . 28
29a Net operating loss deduction (see instructions) . . . . . . . . . . . 29a
b Special deductions (Schedule C, line 24) . . . . . . . . . . . . . 29b
c Add lines 29a and 29b . . . . . . . . . . . . . . . . . . . . . . . . . . 29c
30 Taxable income. Subtract line 29c from line 28. See instructions . . . . . . . . . . . . . 30
Tax, Refundable Credits, and

31 Total tax (Schedule J, Part I, line 11) . . . . . . . . . . . . . . Go

. .to. Schedule
. . . .J . 31
32 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Payments

33 Total payments and credits (Schedule J, Part II, line 23) . . . . . . . . . . . . . . . . 33

34 Estimated tax penalty. See instructions. Check if Form 2220 is attached . . . . . . . . . . 34
35 Amount owed. If line 33 is smaller than the total of lines 31 and 34, enter amount owed . . . . . . . 35
36 Overpayment. If line 33 is larger than the total of lines 31 and 34, enter amount overpaid . . . . . . 36
37 Enter amount from line 36 you want: Credited to 2024 estimated tax Refunded 37
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and
complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign May the IRS discuss this return
with the preparer shown below?
Here See instructions. Yes No
Signature of officer Date Title
Print/Type preparer’s name Preparer’s signature Date PTIN
Paid Check if
self-employed
Preparer
Firm’s name Firm’s EIN
Use Only
Firm’s address Phone no.
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11450Q Form 1120 (2023)
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Form 1120 (2023) Page 2

Schedule C Dividends, Inclusions, and Special Deductions (a) Dividends and
(b) %
(c) Special deductions
(see instructions) inclusions (a) × (b)

1 Dividends from less-than-20%-owned domestic corporations (other than debt-financed

stock) . . . . . . . . . . . . . . . . . . . . . . . . 50
2 Dividends from 20%-or-more-owned domestic corporations (other than debt-financed
stock) . . . . . . . . . . . . . . . . . . . . . . . . 65
See
3 Dividends on certain debt-financed stock of domestic and foreign corporations . . instructions

4 Dividends on certain preferred stock of less-than-20%-owned public utilities . . . 23.3

5 Dividends on certain preferred stock of 20%-or-more-owned public utilities . . . . 26.7

6 Dividends from less-than-20%-owned foreign corporations and certain FSCs . . . 50

7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs . . . 65

8 Dividends from wholly owned foreign subsidiaries . . . . . . . . . . . 100

Limited Amount See
9 Subtotal. Add lines 1 through 8. See instructions for limitations . . . . . . . instructions

10 Dividends from domestic corporations received by a small business investment

company operating under the Small Business Investment Act of 1958 . . . . . 100

11 Dividends from affiliated group members . . . . . . . . . . . . . . 100

12 Dividends from certain FSCs . . . . . . . . . . . . . . . . . 100

13 Foreign-source portion of dividends received from a specified 10%-owned foreign
corporation (excluding hybrid dividends) (see instructions) . . . . . . . . . 100
14 Dividends from foreign corporations not included on line 3, 6, 7, 8, 11, 12, or 13
(including any hybrid dividends) . . . . . . . . . . . . . . . . .

15 Reserved for future use . . . . . . . . . . . . . . . . . . .

16a Subpart F inclusions derived from the sale by a controlled foreign corporation (CFC) of
the stock of a lower-tier foreign corporation treated as a dividend (attach Form(s) 5471)
(see instructions) . . . . . . . . . . . . . . . . . . . . . 100
b Subpart F inclusions derived from hybrid dividends of tiered corporations (attach Form(s)
5471) (see instructions) . . . . . . . . . . . . . . . . . . .
c Other inclusions from CFCs under subpart F not included on line 16a, 16b, or 17 (attach
Form(s) 5471) (see instructions) . . . . . . . . . . . . . . . . .

17 Global Intangible Low-Taxed Income (GILTI) (attach Form(s) 5471 and Form 8992) . .

18 Gross-up for foreign taxes deemed paid . . . . . . . . . . . . . .

19 IC-DISC and former DISC dividends not included on line 1, 2, or 3 . . . . . .

20 Other dividends . . . . . . . . . . . . . . . . . . . . .

21 Deduction for dividends paid on certain preferred stock of public utilities . . . .

22 Section 250 deduction (attach Form 8993) . . . . . . . . . . . . .

23 Total dividends and inclusions. Add column (a), lines 9 through 20. Enter here and on
page 1, line 4 . . . . . . . . . . . . . . . . . . . . . .
24 Total special deductions. Add column (c), lines 9 through 22. Enter here and on page 1, line 29b . . . . . . .
Form 1120 (2023)
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Form 1120 (2023) Page 3

Schedule J Tax Computation and Payment (see instructions)
Part I—Tax Computation Taxable Income from Page 1, Line 30
1 Income tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Base erosion minimum tax amount (attach Form 8991) . . . . . . . . . . . . . . . . . . 2
3 Corporate alternative minimum tax from Form 4626, Part II, line 13 (attach Form 4626) . . . . . . . . . 3
4 Add lines 1, 2, and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5a Foreign tax credit (attach Form 1118) . . . . . . . . . . . . . . . 5a
b Credit from Form 8834 (see instructions) . . . . . . . . . . . . . . 5b
c General business credit (see instructions—attach Form 3800) . . . . . . . . 5c
d Credit for prior year minimum tax (attach Form 8827) . . . . . . . . . . 5d
e Bond credits from Form 8912 . . . . . . . . . . . . . . . . . 5e
6 Total credits. Add lines 5a through 5e . . . . . . . . . . . . . . . . . . . . . . 6
7 Subtract line 6 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Personal holding company tax (attach Schedule PH (Form 1120)) . . . . . . . . . . . . . . . 8
9a Recapture of investment credit (attach Form 4255) . . . . . . . . . . . 9a
b Recapture of low-income housing credit (attach Form 8611) . . . . . . . . 9b
c Interest due under the look-back method—completed long-term contracts (attach
Form 8697) . . . . . . . . . . . . . . . . . . . . . . . 9c
d Interest due under the look-back method—income forecast method (attach Form 8866) 9d
e Alternative tax on qualifying shipping activities (attach Form 8902) . . . . . . 9e
f Interest/tax due under section 453A(c) . . . . . . . . . . . . . . . 9f
g Interest/tax due under section 453(l) . . . . . . . . . . . . . . . 9g
z Other (see instructions—attach statement) . . . . . . . . . . . . . 9z
10 Total. Add lines 9a through 9z . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total tax. Add lines 7, 8, and 10. Enter here and on page 1, line 31 . . . . . . . . . . . . . . 11
Part II—Payments and Refundable Credits
12 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Preceding year’s overpayment credited to the current year . . . . . . . . . . . . . . . . . 13
14 Current year’s estimated tax payments . . . . . . . . . . . . . . . . . . . . . . 14
15 Current year’s refund applied for on Form 4466 . . . . . . . . . . . . . . . . . . . . 15 ( )
16 Combine lines 13, 14, and 15 . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Withholding (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Total payments. Add lines 16, 17, and 18 . . . . . . . . . . . . . . . . . . . . . . 19
20 Refundable credits from:
a Form 2439 . . . . . . . . . . . . . . . . . . . . . . . 20a
b Form 4136 . . . . . . . . . . . . . . . . . . . . . . . 20b
c Reserved for future use . . . . . . . . . . . . . . . . . . . 20c
z Other (attach statement—see instructions) . . . . . . . . . . . . . 20z
21 Total credits. Add lines 20a through 20z . . . . . . . . . . . . . . . . . . . . . . 21
22 Elective payment election amount from Form 3800 . . . . . . . . . . . . . . . . . . . 22
23 Total payments and credits. Add lines 19, 21, and 22. Enter here and on page 1, line 33 . . . . . . . . 23
Form 1120 (2023)
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Form 1120 (2023) Page 4

Schedule K Other Information (see instructions)
1 Check accounting method: a Cash b Accrual c Other (specify) Yes No
2 See the instructions and enter the:
a Business activity code no.
b Business activity
c Product or service
3 Is the corporation a subsidiary in an affiliated group or a parent–subsidiary controlled group? . . . . . . . . . .
If “Yes,” enter name and EIN of the parent corporation

4 At the end of the tax year:

a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt
organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the
corporation’s stock entitled to vote? If “Yes,” complete Part I of Schedule G (Form 1120) (attach Schedule G) . . . . . .
b Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all
classes of the corporation’s stock entitled to vote? If “Yes,” complete Part II of Schedule G (Form 1120) (attach Schedule G) .
5 At the end of the tax year, did the corporation:
a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of
any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive ownership, see instructions
If “Yes,” complete (i) through (iv) below.
(ii) Employer (iii) Country of (iv) Percentage
(i) Name of Corporation Identification Number Owned in Voting
(if any) Incorporation Stock

b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership
(including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions
If “Yes,” complete (i) through (iv) below.
(ii) Employer (iii) Country of (iv) Maximum
(i) Name of Entity Identification Number Percentage Owned in
(if any) Organization Profit, Loss, or Capital

6 During this tax year, did the corporation pay dividends (other than stock dividends and distributions in exchange for stock) in
excess of the corporation’s current and accumulated earnings and profits? See sections 301 and 316 . . . . . . . .
If “Yes,” file Form 5452, Corporate Report of Nondividend Distributions. See the instructions for Form 5452.
If this is a consolidated return, answer here for the parent corporation and on Form 851 for each subsidiary.
7 At any time during this tax year, did one foreign person own, directly or indirectly, at least 25% of the total voting power of all
classes of the corporation’s stock entitled to vote or at least 25% of the total value of all classes of the corporation’s stock? .
For rules of attribution, see section 318. If “Yes,” enter:
(a) Percentage owned and (b) Owner’s country
(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
8 Check this box if the corporation issued publicly offered debt instruments with original issue discount . . . . . . .
If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments.
9 Enter the amount of tax-exempt interest received or accrued during this tax year $
10 Enter the number of shareholders at the end of the tax year (if 100 or fewer)
11 If the corporation has an NOL for the tax year and is electing to forego the carryback period, check here (see instructions) .
If 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.
12 Enter the available NOL carryover from prior tax years (do not reduce it by any deduction reported on page 1, line 29a) $
Form 1120 (2023)
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Form 1120 (2023) Page 5

Schedule K Other Information (continued from page 4)
Yes No
13 Are the corporation’s total receipts (page 1, line 1a, plus lines 4 through 10) for the tax year and its total assets at the end of the
tax year less than $250,000? . . . .Total . Assets
. . . . . . . . . . . . . . .Total . Receipts
. . . . . . . .
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 this tax year $
14 Is the corporation required to file Schedule UTP (Form 1120), Uncertain Tax Position Statement? See instructions . . . .
If “Yes,” complete and attach Schedule UTP.
15a Did the corporation make any payments that would require it to file Form(s) 1099? . . . . . . . . . . . . . .
b If “Yes,” did or will the corporation file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . .
16 During this tax year, did the corporation have an 80%-or-more change in ownership, including a change due to redemption of its
own stock? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 During 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? . . . . . . . . . . . . . . . . . .
18 Did this 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? . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 During this corporation’s tax year, did the corporation make any payments that would require it to file Forms 1042 and 1042-S
under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474) of the Code? . . . . . . . .
20 Is the corporation operating on a cooperative basis? . . . . . . . . . . . . . . . . . . . . . .
21 During this tax year, did the corporation pay or accrue any interest or royalty for which the deduction is not allowed under
section 267A? See instructions
If “Yes,” enter the total amount of the disallowed deductions $
22 Does this corporation have gross receipts of at least $500 million in any of the 3 preceding tax years? (See sections 59A(e)(2) and (3).)
If “Yes,” complete and attach Form 8991.
23 Did the corporation have an election under section 163(j) for any real property trade or business or any farming business in effect
during this tax year? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Does the corporation satisfy one or more of the following? If “Yes,” complete and attach Form 8990. See instructions . . .
a The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense.
b The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the
current tax year are more than $29 million and the corporation has business interest expense.
c The corporation is a tax shelter and the corporation has business interest expense.
25 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? . . . . . . . . . . . . .
If “Yes,” enter amount from Form 8996, line 15 . . . . . . . . . . . $

26 Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties held directly or
indirectly by the corporation, and was the ownership percentage (by vote or value) for purposes of section 7874 greater than
50% (for example, the shareholders held more than 50% of the stock of the foreign corporation)? If “Yes,” list the ownership
percentage by vote and by value. See instructions . . . . . . . . . . . . . . . . . . . . . . .
Percentage: By Vote By Value
27 At any time during this tax year, did the corporation (a) receive a digital asset (as a reward, award, or payment for property or
services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? See instructions .
28 Is the corporation a member of a controlled group? . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” attach Schedule O (Form 1120). See instructions.
29 Corporate Alternative Minimum Tax:
a Was the corporation an applicable corporation under section 59(k)(1) in any prior tax year? . . . . . . . . . . .
If “Yes,” go to question 29b. If “No,” skip to question 29c.
b Is the corporation an applicable corporation under section 59(k)(1) in the current tax year because the corporation was an
applicable corporation in the prior tax year? . . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” complete and attach Form 4626. If “No,” continue to question 29c.
c Does the corporation meet the requirements of the safe harbor method as provided under section 59(k)(3)(A) for the current tax
year? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If “No,” complete and attach Form 4626. If “Yes,” the corporation is not required to file Form 4626.
30 Is the corporation required to file Form 7208 relating to the excise tax on repurchase of corporate stock (see instructions):
a Under the rules for stock repurchased by a covered corporation (or stock acquired by its specified affiliate)? . . . . . .
b Under the applicable foreign corporation rules? . . . . . . . . . . . . . . . . . . . . . . . .
c Under the covered surrogate foreign corporation rules? . . . . . . . . . . . . . . . . . . . . . .
If “Yes” to either (a), (b), or (c), complete Form 7208, Excise Tax on Repurchase of Corporate Stock. See the Instructions for
Form 7208.

31 Is this a consolidated return with gross receipts or sales of $1 billion or more and a subchapter K basis adjustment, as described
in the instructions, of $10 million or more? . . . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” attach a statement. See instructions.
Form 1120 (2023)
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Form 1120 (2023) Page 6

Schedule L Balance Sheets per Books Beginning of tax year End of tax year
Assets (a) (b) (c) (d)
1 Cash . . . . . . . . . . . .
2a Trade notes and accounts receivable . . .
b Less allowance for bad debts . . . . . ( ) ( )
3 Inventories . . . . . . . . . . .
4 U.S. government obligations . . . . .
5 Tax-exempt securities (see instructions) . .
6 Other current assets (attach statement) . .
7 Loans to shareholders . . . . . . .
8 Mortgage and real estate loans . . . . .
9 Other investments (attach statement) . . .
10a Buildings and other depreciable assets . .
b Less accumulated depreciation . . . . . ( ) ( )
11a Depletable assets . . . . . . . . .
b Less accumulated depletion . . . . . . ( ) ( )
12 Land (net of any amortization) . . . . .
13a Intangible assets (amortizable only) . . .
b Less accumulated amortization . . . . . ( ) ( )
14 Other assets (attach statement) . . . . .
15 Total assets . . . . . . . . . .
Liabilities and Shareholders’ Equity
16 Accounts payable . . . . . . . . .
17 Mortgages, notes, bonds payable in less than 1 year
18 Other current liabilities (attach statement) . .
19 Loans from shareholders . . . . . . .
20 Mortgages, notes, bonds payable in 1 year or more
21 Other liabilities (attach statement) . . . .
22 Capital stock: a Preferred stock . . . .
b Common stock . . . .
23 Additional paid-in capital . . . . . . .
24 Retained earnings—Appropriated (attach statement)
25 Retained earnings—Unappropriated . . .
26 Adjustments to shareholders’ equity (attach statement)
27 Less cost of treasury stock . . . . . . ( ) ( )
28 Total liabilities and shareholders’ equity . .
Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return
Note: The corporation may be required to file Schedule M-3. See instructions.
1 Net income (loss) per books . . . . . . 7 Income recorded on books this year
2 Federal income tax per books . . . . . not included on this return (itemize):
3 Excess of capital losses over capital gains . Tax-exempt interest $
4 Income subject to tax not recorded on books
this year (itemize):
8 Deductions on this return not charged
5 Expenses recorded on books this year not against book income this year (itemize):
deducted on this return (itemize): a Depreciation . . $
a Depreciation . . . . $ b Charitable contributions $
b Charitable contributions . $
c Travel and entertainment . $
9 Add lines 7 and 8 . . . . . .
6 Add lines 1 through 5 . . . . . . . . 10 Income (page 1, line 28)—line 6 less line 9
Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Schedule L, Line 25)
1 Balance at beginning of year . . . . . 5 Distributions: a Cash . . . . .
2 Net income (loss) per books . . . . . . b Stock . . . .
3 Other increases (itemize): c Property . . . .
6 Other decreases (itemize):
7 Add lines 5 and 6 . . . . . .
4 Add lines 1, 2, and 3 . . . . . . . . 8 Balance at end of year (line 4 less line 7)
Form 1120 (2023)
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Form 1125-A Cost of Goods Sold

(Rev. November 2018) OMB No. 1545-0123
a Attach to Form 1120, 1120-C, 1120-F, 1120S, or 1065.
Department of the Treasury a Go to www.irs.gov/Form1125A for the latest information.
Internal Revenue Service
Name Employer identification number

1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . 1

2 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Additional section 263A costs (attach schedule) . . . . . . . . . . . . . . . . 4
5 Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . 5
6 Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . 6
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . 7
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Form 1120, page 1, line 2 or the
appropriate line of your tax return. See instructions . . . . . . . . . . . . . . . 8
9a Check all methods used for valuing closing inventory:
(i) Cost
(ii) Lower of cost or market
(iii) Other (Specify method used and attach explanation.) a
b Check if there was a writedown of subnormal goods . . . . . . . . . . . . . . . . . . . . . . a

c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) . . . . . . a

d If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed
under LIFO . . . . . . . . . . . . . . . . . . . . . . . . . . . 9d
e If property is produced or acquired for resale, do the rules of section 263A apply to the entity? See instructions . . Yes No
f Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If “Yes,”
attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

Section references are to the Internal merchandise is an income-producing Small business taxpayer. A small
Revenue Code unless otherwise noted. factor. See Regulations section 1.471-1. If business taxpayer is a taxpayer that (a) has
inventories are required, you generally average annual gross receipts of $25
What's New must use an accrual method of accounting million or less (indexed for inflation) for the
Small business taxpayers. For tax years for sales and purchases of inventory items. 3 prior tax years, and (b) is not a tax shelter
beginning after December 31, 2017, the Exception for certain taxpayers. A small (as defined in section 448(d)(3)). See Pub.
following apply. business taxpayer (defined below), can 538.
• A small business taxpayer (defined adopt or change its accounting method to Uniform capitalization rules. The uniform
below), may use a method of accounting for account for inventories in the same manner capitalization rules of section 263A
inventories that either: (1) treats inventories as material and supplies that are non- generally require you to capitalize, or
as nonincidental materials and supplies, or incidental, or conform to its treatment of include in inventory, certain costs incurred
(2) conforms to the taxpayer's financial inventories in an applicable financial in connection with the following.
accounting treatment of inventories. statement (as defined in section 451(b)(3)), • The production of real property and
• A small business taxpayer is not required or if it does not have an applicable financial tangible personal property held in inventory
to capitalize costs under section 263A. statement, the method of accounting used or held for sale in the ordinary course of
in its books and records prepared in business.
General Instructions accordance with its accounting
• Real property or personal property
procedures. See section 471(c)(3).
Purpose of Form (tangible and intangible) acquired for resale.
A small business taxpayer claiming
Use Form 1125-A to calculate and deduct • The production of real property and
exemption from the requirement to keep
cost of goods sold for certain entities. tangible personal property for use in its
inventories is changing its method of
trade or business or in an activity engaged
Who Must File accounting for purposes of section 481.
in for profit.
For additional guidance on this method of
Filers of Form 1120, 1120-C, 1120-F, accounting, see Pub. 538, Accounting A small business taxpayer (defined
1120S, or 1065, must complete and attach Periods and Methods. For guidance on above) is not required to capitalize costs
Form 1125-A if the applicable entity reports changing to this method of accounting, see under section 263A. See section 263A(i).
a deduction for cost of goods sold. Form 3115 and the Instructions for Form See the discussion on section 263A
Inventories 3115. uniform capitalization rules in the
instructions for your tax return before
Generally, inventories are required at the completing Form 1125-A. Also see
beginning and end of each tax year if the Regulations sections 1.263A-1 through
production, purchase, or sale of 1.263A-3. See Regulations section
1.263A-4 for rules for property produced in
a farming business.

For Paperwork Reduction Act Notice, see instructions. Cat. No. 55988R Form 1125-A (Rev. 11-2018)
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Form 1125-E Compensation of Officers

(Rev. October 2016) OMB No. 1545-0123
a
Attach to Form 1120, 1120-C, 1120-F, 1120-REIT, 1120-RIC, or 1120S.
Department of the Treasury
a Information about Form 1125-E and its separate instructions is at www.irs.gov/form1125e.
Internal Revenue Service
Name Employer identification number
Sam's Pizza 91-1234567
Note: Complete Form 1125-E only if total receipts are $500,000 or more. See instructions for definition of total receipts.

(b) Social security number (c) Percent of Percent of stock owned (f) Amount of
(a) Name of officer time devoted to
(see instructions) business (d) Common (e) Preferred compensation

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

% % %

2 Total compensation of officers . . . . . . . . . . . . . . . . . . . . . . . 2

3 Compensation of officers claimed on Form 1125-A or elsewhere on return . . . . . . . . 3

4 Subtract line 3 from line 2. Enter the result here and on Form 1120, page 1, line 12 or the
appropriate line of your tax return . . . . . . . . . . . . . . . . . . . . . . 4
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 55989C Form 1125-E (Rev. 10-2016)
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4562 Depreciation and Amortization OMB No. 1545-0172

2023
Form
(Including Information on Listed Property)
Department of the Treasury Attach to your tax return.
Attachment
Internal Revenue Service Go to www.irs.gov/Form4562 for instructions and the latest information. Sequence No. 179
Name(s) shown on return Business or activity to which this form relates Identifying number

Part I Election To Expense Certain Property Under Section 179

Note: If you have any listed property, complete Part V before you complete Part I.
1 Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 1
2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . 2
3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . 3
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . 4
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing
separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 (a) Description of property (b) Cost (business use only) (c) Elected cost

7 Listed property. Enter the amount from line 29 . . . . . . . . . 7

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . . . . . . 8
9 Tentative deduction. Enter the smaller of line 5 or line 8 . . . . . . . . . . . . . . . . 9
10 Carryover of disallowed deduction from line 13 of your 2022 Form 4562 . . . . Bus . . Inc
. . . . . 10
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions 11
12 Section 179 expense deduction. Add lines 9 and 10, but don’t enter more than line 11 . . . . . . 12
13 Carryover of disallowed deduction to 2024. Add lines 9 and 10, less line 12 . 13
Note: Don’t use Part II or Part III below for listed property. Instead, use Part V.
Part II Special Depreciation Allowance and Other Depreciation (Don’t include listed property. See instructions.)
14 Special depreciation allowance for qualified property (other than listed property) placed in service
during the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . 14
15 Property subject to section 168(f)(1) election . .Go. to. Special
. . . Depreciation
. . . . . Election
. . . . Options
. . . . 15
16 Other depreciation (including ACRS) . . . . . . . . . . . . . . . . . . . . . . 16
Part III MACRS Depreciation (Don’t include listed property. See instructions.)
Section A
17 MACRS deductions for assets placed in service in tax years beginning before 2023 . . . . . . . 17
18 If you are electing to group any assets placed in service during the tax year into one or more general
asset accounts, check here . . . . . . . . . . . . . . . . . . . . . . .
Section B—Assets Placed in Service During 2023 Tax Year Using the General Depreciation System
(b) Month and year (c) Basis for depreciation
(d) Recovery
(a) Classification of property placed in (business/investment use (e) Convention (f) Method (g) Depreciation deduction
period
service only—see instructions)
19a 3-year property HY 200 DB
b 5-year property HY 200 DB
c 7-year property HY 200 DB
d 10-year property HY 200 DB
e 15-year property HY 150 DB
f 20-year property HY 150 DB
g 25-year property 25 yrs. HY S/L
h Residential rental 27.5 yrs. MMMMJan S/L
property 27.5 yrs. MMMMJan S/L
i Nonresidential real 39 yrs. MMMMJan S/L
property MMMMJan S/L
Section C—Assets Placed in Service During 2023 Tax Year Using the Alternative Depreciation System
20a Class life S/L
b 12-year 12 yrs. S/L
c 30-year 30 yrs. MM S/L
d 40-year 40 yrs. MM S/L
Part IV Summary (See instructions.)
21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . 21
22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter
here and on the appropriate lines of your return. Partnerships and S corporations—see instructions . 22
23 For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs . . . . . . . . . 23
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562 (2023)
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Form 4562 (2023) Page 2

Part V Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for
entertainment, recreation, or amusement.)
Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a,
24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable.
Section A—Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.)
24a Do you have evidence to support the business/investment use claimed? Yes No 24b If “Yes,” is the evidence written? Yes No
(c) (e)
(a) (b) (f) (g) (h) (i)
Business/ (d) Basis for depreciation
Type of property (list Date placed Recovery Method/ Depreciation Elected section 179
investment use Cost or other basis (business/investment
vehicles first) in service period Convention deduction cost
percentage use only)
25 Special depreciation allowance for qualified listed property placed in service during
the tax year and used more than 50% in a qualified business use. See instructions . 25
26 Property used more than 50% in a qualified business use:
%
%
%
27 Property used 50% or less in a qualified business use:
% S/L –
% S/L –
% S/L –
28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 . 28
29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 . . . . . . . . . . . . 29
Section B—Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other “more than 5% owner,” or related person. If you provided vehicles
to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
(a) (b) (c) (d) (e) (f)
Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6
30 Total business/investment miles driven during
the year (don’t include commuting miles) .
31 Total commuting miles driven during the year
32 Total other personal (noncommuting)
miles driven . . . . . . . . .
33 Total miles driven during the year. Add
lines 30 through 32 . . . . . . .
34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No Yes No
use during off-duty hours? . . . . .
35 Was the vehicle used primarily by a more
than 5% owner or related person? . .
36 Is another vehicle available for personal use?
Section C—Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren’t
more than 5% owners or related persons. See instructions.
37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by Yes No
your employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners . .
39 Do you treat all use of vehicles by employees as personal use? . . . . . . . . . . . . . . . .
40 Do you provide more than five vehicles to your employees, obtain information from your employees about the
use of the vehicles, and retain the information received? . . . . . . . . . . . . . . . . . . .
41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions . . . .
Note: If your answer to 37, 38, 39, 40, or 41 is “Yes,” don’t complete Section B for the covered vehicles.
Part VI Amortization
(e)
(b)
(a) (c) (d) Amortization (f)
Date amortization
Description of costs Amortizable amount Code section period or Amortization for this year
begins
percentage
42 Amortization of costs that begins during your 2023 tax year (see instructions):

43 Amortization of costs that began before your 2023 tax year . . . . . . . . . . . . . 43

44 Total. Add amounts in column (f). See the instructions for where to report . . . . . . . . 44
Form 4562 (2023)
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Joe's Pizza 91-1234567

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Go to Special Depreciation Election Options

 Go To Navigation Page Go to Bonus Depreciation Statement Go to Next Page

3 Year Class Property - 80% Bonus Depreciation Allowance

If qualified, check here if you elect to not claim the special 80% bonus depreciation allowance for assets in the 3 year property
class ..............................................................................................................................................................................................................

5 Year Class Property - 80% Bonus Depreciation Allowance

If qualified, check here if you elect to not claim the special 80% bonus depreciation allowance for assets in the 5 year property
class ..............................................................................................................................................................................................................

7 Year Class Property - 80% Bonus Depreciation Allowance

If qualified, check here if you elect to not claim the special 80% bonus depreciation allowance for assets in the 7 year property
class ..............................................................................................................................................................................................................

10 Year Class Property - 80% Bonus Depreciation Allowance

If qualified, check here if you elect to not claim the special 80% bonus depreciation allowance for assets in the 10 year property
class ..............................................................................................................................................................................................................

15 Year Class Property - 80% Bonus Depreciation Allowance

If qualified, check here if you elect to not claim the special 80% bonus depreciation allowance for assets in the 15 year property
class ..............................................................................................................................................................................................................

20 Year Class Property - 80% Bonus Depreciation Allowance

If qualified, check here if you elect to not claim the special 80% bonus depreciation allowance for assets in the 20 year property
class ..............................................................................................................................................................................................................
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Joe's Pizza 91-1234567

Depreciation overrides for form 1120 and 4562

Override Form 1120, Line 20, depreciation . . . . . . . . . . . . . . .

Override Form 4562, 3-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, 5-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, 7-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, 10-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, 15-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, 20-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, 25-year property . . . . . . . . . . . . . . . . . . . .

Override Form 4562, first residential rental property . . . . . . . . . . . . . . .

Override Form 4562, second residential rental property . . . . . . . . . . . . . . .

Override Form 4562, first nonresidential real property . . . . . . . . . . . . . . .

Override Form 4562, second nonresidential real property . . . . . . . . . . . . . . .