Module 8 Essay

Submitted By sjojosjojo
Words: 4382
Pages: 18

Form

1120S

U.S. Income Tax Return for an S Corporation
Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. See separate instructions. , ending

OMB No. 1545-0130

Department of the Treasury Internal Revenue Service

For calendar year 2011 or tax year beginning
A S election effective date Name

D Employer identification number

1/15/2005
B Business activity code number (see instructions)

Dana, Inc
TYPE OR PRINT
Number, street, and room or suite no. If a P.O. box, see instructions.

11-1111111
E Date incorporated ZIP code F Total assets (see instructions) $

145 Avenue A
City or town State

C Check if Sch. M-3 attached

Dime Box
Final return

TX
(3)
Address change

77823
Yes
Amended return

295,156
S election termination or revocation

G Is the corporation electing to be an S corporation beginning with this tax year? H Check if: (1) (2)
Name change

No If "Yes," attach Form 2553 if not already filed (5)

(4)

I Enter the number of shareholders who were shareholders during any part of the tax year . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . Caution. Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information. 1a b c d e 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22a b c 23a b c d 24 25 26 27

Merchant card and third-party payments. For 2011, enter -0- . . . . . . . 1a . . . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . Gross receipts or sales not reported on line 1a (see instructions) . . . . . 1b . . . . . 1,100,000. . . . . . . . . . . . . . . . . . . . . . . . . Total. Add lines 1a and 1b . . . . . . . . . . . . . . . . . . . . . . . . . . 1,100,000. . . . . . . . . . . . . . . . . . . . 1c . . . . Returns and allowances plus any other adjustments (see instructions) . . . 1d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 1d from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e . . . . . . 1,100,000 . . . . . . . . . . Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 . . . . . . . .336,741 . . . . . . . . Gross profit. Subtract line 2 from line 1e . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . . . . . . . 763,259. . . . . . . . Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . 4 . . . . . . . . . . . . . . . . Other income (loss) (see instructions—attach statement) . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . Total income (loss). Add lines 3 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . .6 . . . . . . . .763,259 . . . . . . . . Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . . . . . . . . . . . . . . . . Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,103 . . . . . 8 . . . Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 . . . . . . . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . . . . . . . .16,106 . . . . . . . . Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . . . . . . . . 40,000 . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 . . . . . . . .15,101 . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13. . . . . . . . . 5,222. . . . . . . Depreciation not claimed on Form 1125-A or elsewhere on return (attach Form 4562) . . . . . . . . . .14. . . . . . . . 15,254 . . . . . . . . Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Advertising . . .…