You are on page 1of 3

This draft of Schedule B (Form 1120) contains proposed changes for tax year 2008.

We invite you to email comments on the changes to: Judith.A.McNamara@irs.gov.

SCHEDULE B (Form 1120)
(December 2008) Department of the Treasury Internal Revenue Service Name

1

At any time during the tax year, did any individual or entity meet both of the following conditions?

a The individual or entity owned 50% or more, directly or indirectly, of the total voting power of all classes of the corporation’s stock entitled to vote.

b The individual or entity owned 50% or more, directly or indirectly, any other corporation, any partnership (including an entity treated as a partnership), or any trust required to file a U.S. income tax return or return of income For rules of attribution, see sections 267(c) and 707(b). If “Yes,” identify those other entities owned by the individual or entity referred to in b above. Name of entity Name of entity 2 EIN EIN

f o s 7 a 0 ft 20 ra 1/ D /3 7 0
Attach to Form 1120.
Employer identification number (EIN)

Additional Information for Schedule M-3 Filers

OMB No. 1545-0123

Yes

No

Do the amounts reported on Schedule M-3 (Form 1120), Part II, lines 9 or 10, column (d), reflect allocations to this corporation from a partnership of income, gain, loss, deduction, or credit that are disproportionate to this corporation’s capital contribution to the partnership or its ratio for sharing other items of the partnership? At any time during the tax year, did the corporation sell, exchange, or transfer any interest in an intangible asset to a related person as defined in Regulations section 1.6038B-2(i)(4)? At any time during the tax year, did the corporation acquire any interest in an intangible asset from a related person as defined in Regulations section 1.6038B-2(i)(4)?

3

4

5a During the tax year, did the corporation enter into a cost-sharing agreement with any related foreign party on whose behalf the corporation did not file Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations? b At any time during the tax year, was the corporation a participant in a cost-sharing agreement with any related foreign party on whose behalf the corporation did not file Form 5471? 6 At any time during the tax year, did the corporation make any change in a method of accounting for financial statement purposes? At any time during the tax year, did the corporation make any change in a method of accounting for U.S. income tax purposes? At any time during the tax year, did the corporation own any voluntary employees’ beneficiary association (VEBA) trusts that were used to hold funds designated for employee benefits? At any time during the tax year, did the corporation use an allocation method for mixed-service costs that varied from the Federal Energy Regulatory Commission method of accounting?
Cat. No. 49737Q Schedule B (Form 1120) (12-2008)

7

8

9

For Paperwork Reduction Act Notice, see Instructions for Form 1120.

Schedule B (Form 1120) (12-2008)

Page

2

General Instructions

f o s 7 a 0 ft 20 ra 1/ D /3 7 0
Specific Instructions

Printed on recycled paper