U.S. Corporation Income Tax Return, Capital Gains and Losses, U.S. Personal Holding Company (PHC) Tax, Section 280H Limitations for a Personal Service Corporation (PSC)
ICR 199708-1545-016
OMB: 1545-0123
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-0123 can be found here:
U.S. Corporation Income Tax
Return, Capital Gains and Losses, U.S. Personal Holding Company
(PHC) Tax, Section 280H Limitations for a Personal Service
Corporation (PSC)
The agency is
not required to display the expiration date.
Inventory as of this Action
Requested
Previously Approved
10/31/2000
10/31/2000
10/31/1997
2,835,248
0
2,835,248
478,936,465
0
482,437,042
0
0
0
Form 1120 is used by corporations to
compute their taxable income and tax liability. Schedule D (form
1120) is used by corporations to report gains and losses from the
sale of capital assets. Schedule PH (form 1120) is used by personal
holding companies to figure the personal holding company tax under
section 541. Schedule H (form 1120) is used by personal service
corporations to determine if they have met the minimum distribution
requirements of section 280H. The IRS uses these forms to determine
whether corporations have correctly computed their tax
liability.
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