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MISSOURI DEPARTMENT OF REVENUE APPLICATION FOR EXTENSION OF TIME TO FILE Enclosure Sequence No. 112007 and 1120S05 FORM MO7004 DAN (REV. 112004) NOTE: IF YOU HAVE AN APPROVED FEDERAL EXTENSION, YOU

How to fill out 1120-07 and 1120s-05

How to fill out 1120-07 and 1120s-05

1. To fill out form 1120-07, follow these steps:
2. Provide your organization's information, including name, address, and Employer Identification Number (EIN).
3. Complete Schedule A, detailing your organization's cost of goods sold and deducting expenses.
4. Fill out Schedule B, reporting your organization's dividend income and interest expenses.
5. Complete Schedule C, disclosing your organization's income and deductions from rental real estate, royalties, partnerships, etc.
6. Provide information about your organization's shareholders and their pro-rata share of income, deductions, and credits in Schedule D.
7. Complete Schedule E, reporting supplemental income and loss from rental real estate, royalties, partnerships, etc.
8. Fill out Schedule J, reconciling your organization's book income with its income tax return information.
9. Calculate your organization's taxable income or loss and enter it on line 28.
10. Complete the sections for credits, payments, and tax with-holdings on page 5.
11. Attach any additional schedules or forms as required.
12. To fill out form 1120s-05, follow these steps:
13. Provide your organization's information, including name, address, and Employer Identification Number (EIN).
14. Complete Schedule A, detailing your organization's cost of goods sold and deducting expenses.
15. Fill out Schedule B, reporting your organization's dividend income and interest expenses.
16. Complete Schedule K, disclosing your organization's shareholders' share of income, deductions, and credits.
17. Provide information about your organization's shareholders and their pro-rata share of income, deductions, and credits in Schedule L.
18. Complete Schedule M-1, reconciling your organization's book income with its income tax return information.
19. Fill out Schedule M-2, reporting the accumulated adjustments account for your organization.
20. Calculate your organization's taxable income or loss and enter it on line 21.
21. Complete the sections for credits, payments, and tax with-holdings on page 4.
22. Attach any additional schedules or forms as required.

Who needs 1120-07 and 1120s-05?

1. Form 1120-07 is needed by C-corporations, including those with a tax-exempt status, that have taxable income.
2. Form 1120s-05 is needed by S-corporations, including those with a tax-exempt status, that have taxable income.

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What is 1120-07 and 1120s-05?

1120-07 and 1120s-05 are IRS tax forms used by corporations and S corporations to report their income, deductions, credits, and calculate their taxes.

Who is required to file 1120-07 and 1120s-05?

Corporations and S corporations are required to file 1120-07 and 1120s-05.

How to fill out 1120-07 and 1120s-05?

To fill out 1120-07 and 1120s-05, corporations and S corporations need to provide detailed information about their income, deductions, expenses, and other financial information for the tax year.

What is the purpose of 1120-07 and 1120s-05?

The purpose of 1120-07 and 1120s-05 is to report taxable income, calculate tax liability, and determine if any additional taxes are owed or if a refund is due.

What information must be reported on 1120-07 and 1120s-05?

Information such as income, deductions, credits, expenses, and other financial details must be reported on 1120-07 and 1120s-05.