Forms for corporations

If you are an employer, you must file a quarterly Form 941 to report:

• Wages you have paid,
• Tips your employees have received,
• Federal income tax you withheld,
• Both employer's and employee's share of social security and Medicare taxes,
• Current quarter's adjustments to social security and Medicare taxes for fractions of cents, sick pay, tips, and group-term life insurance, and
• Qualified small business payroll tax credit for increasing research activities.

After you file your first Form 941, you must file a return each quarter even if you have no taxes to report.

Important: Every trade or business, including government agencies and nonprofit organizations, must file information returns if, in the course of its trade or business, it makes payments of rents, commissions, or other fixed or determinable income (refer to IRC 6041) totaling $600 or more to any one person during the calendar year.

Also use these returns to report amounts received as a nominee for another person. For more details, see the General Instructions for Forms 1099, 1098, 5498, and W-2G PDF .

• Acquisitions or abandonments of secured property;
• Proceeds from poker and barter exchange transactions;
• Cancellation of debts;
• Changes in corporate control and capital structure;
• Dividends and distributions;
• Interest payments;
• Payments of long-term care and accelerated death benefits;
• Miscellaneous income payments to certain fishing boat crew members, to providers of health and medical services, of rent or royalties, of nonemployee compensation, etc.;
• Original issue discount;
• Taxable distributions received from cooperatives;
• Payments from Qualified education programs;
• Distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts, etc.;
• Proceeds from real estate transactions; and
• Distributions from an HSA, Archer MSA, or Medicare Advantage MSA.

• Controls a foreign corporation; or
• Acquires, disposes of, or owns 10% or more in value or vote of the outstanding stock of a foreign corporation; or
• Owns stock in a corporation that is a controlled foreign corporation for an uninterrupted period of 30 days or more during any tax year of the foreign corporation, and it owned that stock on the last day of that year. See Question 4 of Schedule N (Form 1120).

1. Controlled a foreign partnership (owned more than a 50% direct or indirect interest in the partnership).
2. Owned at least a 10% direct or indirect interest in a foreign partnership while U.S. persons controlled that partnership.
3. Had an acquisition, disposition, or change in proportional interest of a foreign partnership that:
   • Increased its direct interest to at least 10% or reduced its direct interest of at least 10% to less than 10% or
   • Changed its direct interest by at least a 10% interest.
4. Contributed property to a foreign partnership in exchange for a partnership interest if:
   • Immediately after the contribution, the corporation directly or indirectly owned at least a 10% interest in the foreign partnership or
   • The FMV of the property the corporation contributed to the foreign partnership in exchange for a partnership interest exceeds $100,000 when added to other contributions of property made to the foreign partnership during the preceding 12-month period.

The domestic corporation may also have to file Form 8865 to report certain dispositions by a foreign partnership of property it previously contributed to that partnership if it was a partner at the time of the disposition. For more details, including penalties for failing to file Form 8865, see Form 8865 and its separate instructions.