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Question

When does UltraTax/1120 print Form 1125-E?

Answer

Form 1125-E is used to report compensation of officers if the corporation has total receipts of $500,000 or more. As detailed in the Form 1125-E instructions, the total receipts are determined in the following manner.

• Form 1120, page 1, line 1a, plus lines 4 through 10;
• Form 1120-C, page 1, line 1a, plus lines 4 through 9;
• Form 1120-F, Section II, line 1a, plus lines 4 through 10;
• Form 1120-REIT, Part I, line 8, plus net capital gain from Part III, line 10, and Form 2438, line 9a;
• Form 1120S, page 1, line 1a, plus lines 4 and 5; income reported on Schedule K, lines 3a, 4, 5a, and 6; income or net gain reported on Schedule K, lines 7, 8a, 9, and 10; and income or net gain reported on Form 8825, lines 2, 19, and 20a.

If you want to print Form 1125-E when total receipts are less than $500,000, mark the Print Form 1125-E when receipts are less than $500,000 checkbox in the Setup > 1120 Corporation > Federal tab > Other Return Options > Return Presentation tab.

Related topic: 1120-US: Form 1125-E, Compensation of Officers FAQs

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