Form 1120S Burden Computations

F1120S_All_brdn_busi.pdf

U.S. Income Tax Return for an S Corporation

Form 1120S Burden Computations

OMB: 1545-0130

⚠️ Notice: This form may be outdated. More recent filings and information on OMB 1545-0130 can be found here:
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Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S/
U.S. Income Tax Return for an S Corporation
2006

Changes (+ -)

2007

1,880,000
______________
186
______________
22.00
______________
0.85
______________
174
______________

_____________________________
-10
_____________________________
+3.00
_____________________________
_____________________________
+38
_____________________________

1,880,000
______________
176
______________
25.00
______________
0.85
______________
212
______________

Computation of Changes
1,880,000 x _____________
123.47
Old Computation (Prog. Change) ______________
1,880,000
134.61
New Computation.............. ______________ x _____________
Balance...

=
=

232,123,600
_______________
253,066,800
_______________
_______________
+20,943,200

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
232,123,600
_______________
+20,943,200
_______________
_______________
253,066,800
_______________

Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

Paperwork Reduction Act Notice
Time Per Response
134.61
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Average Hours
Per Response
42.09
______________
30.27
______________
55.54
______________
6.70
______________

Average Time
Per Response
42 hrs. , 05 min.
___________________
30 hrs. , 16 min.
___________________
55 hrs. , 32 min.
___________________
6 hrs. , 42 min.
___________________

Notes:
Revision of Form and Instructions resulted in the following:
attachments and 38 code references; a deletion of 10 line items.

Addition of 3

Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S/SCH M-1

2006

Changes (+ -)

2007

1,217,000
______________
14
______________
0.00
______________
0.85
______________
2
______________

_____________________________
_____________________________
_____________________________
_____________________________
_____________________________

1,217,000
______________
14
______________
0.00
______________
0.85
______________
2
______________

Computation of Changes
1,217,000 x _____________
3.81
Old Computation (Prog. Change) ______________
1,217,000
3.81
New Computation.............. ______________ x _____________
Balance...

=
=

4,636,770
_______________
4,636,770
_______________
_______________
0

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

4,636,770
_______________
0
_______________
_______________
4,636,770
_______________

Paperwork Reduction Act Notice
Time Per Response
3.81
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Notes:
No Changes

Average Hours
Per Response
3.35
______________
0.20
______________
0.26
______________
0.00
______________

Average Time
Per Response
3 hrs. , 21 min.
___________________
0 hrs. , 12 min.
___________________
0 hrs. , 15 min.
___________________
0 hrs. , 00 min.
___________________

Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S/SCH L

2006

Changes (+ -)

2007

1,250,000
______________
75
______________
0.00
______________
0.85
______________
2
______________

_____________________________
-5
_____________________________
_____________________________
_____________________________
-2
_____________________________

1,250,000
______________
70
______________
0.00
______________
0.85
______________
0
______________

Computation of Changes
1,250,000 x _____________
18.63
Old Computation (Prog. Change) ______________
1,250,000
17.01
New Computation.............. ______________ x _____________
Balance...

=
=

23,287,500
_______________
21,262,500
_______________
_______________
-2,025,000

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

23,287,500
_______________
-2,025,000
_______________
_______________
21,262,500
_______________

Paperwork Reduction Act Notice
Time Per Response
17.01
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Average Hours
Per Response
16.74
______________
0.00
______________
0.27
______________
0.00
______________

Average Time
Per Response
16 hrs. , 44 min.
___________________
0 hrs. , 00 min.
___________________
0 hrs. , 16 min.
___________________
0 hrs. , 00 min.
___________________

Notes:
Revision resulted in deletion of 2 code references and 5 line items.

Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S/SCH K-1 Worksheet

2006

Changes (+ -)

2007

5,222,000
______________
9
______________
0.00
______________
0.00
______________
0
______________

_____________________________
_____________________________
_____________________________
_____________________________
_____________________________

5,222,000
______________
9
______________
0.00
______________
0.00
______________
0
______________

Computation of Changes
5,222,000 x _____________
1.32
Old Computation (Prog. Change) ______________
5,222,000
1.32
New Computation.............. ______________ x _____________
Balance...

=
=

6,893,040
_______________
6,893,040
_______________
_______________
0

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

6,893,040
_______________
0
_______________
_______________
6,893,040
_______________

Paperwork Reduction Act Notice
Time Per Response
1.32
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Notes:
No changes

Average Hours
Per Response
1.09
______________
0.00
______________
0.23
______________
0.00
______________

Average Time
Per Response
1 hrs. , 05 min.
___________________
0 hrs. , 00 min.
___________________
0 hrs. , 13 min.
___________________
0 hrs. , 00 min.
___________________

Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S (SCH K-1)/
Shareholder's Share of Income, Deductions, Credits, etc.
2006

Changes (+ -)

2007

5,222,000
______________
52
______________
4.00
______________
0.85
______________
100
______________

_____________________________
-22
_____________________________
_____________________________
_____________________________
-54
_____________________________

5,222,000
______________
30
______________
4.00
______________
0.85
______________
46
______________

Computation of Changes
5,222,000 x _____________
40.75
Old Computation (Prog. Change) ______________
5,222,000
24.44
New Computation.............. ______________ x _____________
Balance...

=
=

212,796,500
_______________
127,625,680
_______________
_______________
-85,170,820

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

212,796,500
_______________
-85,170,820
_______________
_______________
127,625,680
_______________

Paperwork Reduction Act Notice
Time Per Response
24.44
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Average Hours
Per Response
7.17
______________
6.05
______________
10.15
______________
1.07
______________

Average Time
Per Response
7 hrs. , 10 min.
___________________
6 hrs. , 03 min.
___________________
10 hrs. , 09 min.
___________________
1 hrs. , 04 min.
___________________

Notes:
Revision of Form & Instructions and correction of prior computation resulted in a
deletion of 54 code references and 22 line items.

Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S (SCH D)/
Capital Gains and Losses and Built-In Gains
2006

Changes (+ -)

2007

251,000
______________
30
______________
5.00
______________
0.85
______________
28
______________

_____________________________
+3
_____________________________
-3.00
_____________________________
_____________________________
+10
_____________________________

251,000
______________
33
______________
2.00
______________
0.85
______________
38
______________

Computation of Changes
251,000 x _____________
22.73
Old Computation (Prog. Change) ______________
251,000
19.64
New Computation.............. ______________ x _____________
Balance...

=
=

5,705,230
_______________
4,929,640
_______________
_______________
-775,590

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

5,705,230
_______________
-775,590
_______________
_______________
4,929,640
_______________

Paperwork Reduction Act Notice
Time Per Response
19.64
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Average Hours
Per Response
7.89
______________
4.51
______________
6.70
______________
0.54
______________

Average Time
Per Response
7 hrs. , 53 min.
___________________
4 hrs. , 30 min.
___________________
6 hrs. , 42 min.
___________________
0 hrs. , 32 min.
___________________

Notes:
Revision resulted in deletion of 3 attachments, addition of 10 code references
and 3 line items.

Burden Computation - Business Forms
Page 1 of 1

December 18, 2007

Product:
Description:
Variables
Responses.......
Line Items......
Attachments.....
Forms Prepared..
Code References.

1120S (SCH M-3)/
Net Income (Loss) Reconciliation for S Corporations With Total Assets of
2006

Changes (+ -)

2007

35,000
______________
251
______________
0.00
______________
0.85
______________
19
______________

_____________________________
+6
_____________________________
+1.00
_____________________________
_____________________________
+8
_____________________________

35,000
______________
257
______________
1.00
______________
0.85
______________
27
______________

Computation of Changes
35,000 x _____________
64.86
Old Computation (Prog. Change) ______________
35,000
69.90
New Computation.............. ______________ x _____________
Balance...

=
=

2,270,100
_______________
2,446,500
_______________
_______________
+176,400

Old Computation (Adjustment).
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Old Computation..............
New Computation..............
Balance...

______________ x _____________
______________ x _____________

=
=

_______________
_______________
_______________

Summary
Old Burden...................................................
Program Change...............................................
Adjustment...................................................
New Burden...................................................

2,270,100
_______________
+176,400
_______________
_______________
2,446,500
_______________

Paperwork Reduction Act Notice
Time Per Response
69.90
Recordkeeping.............
Learning..................
Preparing.................
Sending...................

Average Hours
Per Response
61.46
______________
3.05
______________
5.12
______________
0.27
______________

Average Time
Per Response
61 hrs. , 27 min.
___________________
3 hrs. , 03 min.
___________________
5 hrs. , 07 min.
___________________
0 hrs. , 16 min.
___________________

Notes:
Revision of Form & Instructions resulted in an addition of 1 attachment, 8 code
references and 16 line items.
Revision
File Type	application/pdf
File Title	F1120S_brdn_busi.pdf
Author	Oracle Reports
File Modified	2007-12-21
File Created	2007-12-21