Table of Contents
We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. Section 6109 requires return preparers to provide their identifying numbers on the return.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.
The time needed to complete and file this form and related schedules will vary depending on individual circumstances. The estimated average times are:
| Form | Recordkeeping | Learning about the law or the form |
Preparing the form | Copying, assembling, and sending the form to the IRS | |
| 1120S | 62 hr., 10 min. | 30 hr., 28 min. | 56 hr., 3 min. | 6 hr., 42 min. | |
| Sch. D (1120S) | 7 hr., 53 min. | 4 hr., 30 min. | 6 hr., 42 min. | 0 hr., 32 min. | |
| Sch. K-1 (1120S) | 8 hr., 15 min. | 6 hr., 3 min. | 10 hr., 22 min. | 1 hr., 4 min. | |
| Sch. M-3 (1120S) | 61 hr., 27 min. | 3 hr., 3 min. | 5 hr., 7 min. | 0 hr., 16 min. |
If you have comments concerning the accuracy of these time estimates or suggestions for making this form and related schedules simpler, we would be happy to hear from you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee, SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the tax form to this address. Instead, see Where To File on page 3.
| More Online Instructions |