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Form U.S. Income Tax Return of a Foreign Sales Corporation 1120-FSC For calendar year 1996 or other tax year beginning and ending See separate instructions. Title Preparer s social security no. Check if selfemployed EIN ZIP code Cat. No. 11531K Form 1120-FSC 1996 Schedule A Page 2 Cost of Goods Sold Related to Foreign Trading Gross Receipts See page 6 of the instructions.
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What is fsc 1120 form?
The FSC 1120 form is a specific IRS tax form used by certain corporations to report their Foreign Sales Corporation (FSC) activities.
Who is required to file fsc 1120 form?
Corporations that operate as a Foreign Sales Corporation (FSC) or have FSC-related income must file the FSC 1120 form.
How to fill out fsc 1120 form?
To fill out the FSC 1120 form, you need to enter the necessary information about your corporation's FSC activities, income, and deductions. Detailed instructions can be found on the IRS website or provided with the form itself.
What is the purpose of fsc 1120 form?
The purpose of the FSC 1120 form is to report and disclose the income earned from foreign sales activities conducted by corporations, as well as any expenses and deductions related to these activities.
What information must be reported on fsc 1120 form?
The FSC 1120 form requires corporations to report their FSC-related income, deductions, credits, and expenses. It also requires listing any subsidiaries or affiliates involved in the FSC activities.
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