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Omb 1125 0003 Form

Omb 1125 0003 Form

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Instructions and help about Omb 1125 0003 Form

okay so for this video we're going to go over the irs form 1125e this is a form that's included with either an s corp return or an 1120 corporate return and it's used to disclose compensation paid to officers of a company right so this is your ceo cfo co any kind of officer title with a company that is on the payroll if you meet certain uh limitations or thresholds during the year for your gross receipts then you have to include this form and separately state how much you're compensating those officers right so generally 1125e is used to separately report compensation of officers where the company's total gross receipts exceed five hundred thousand dollars during the year okay now the how you calculate gross receipts depends on the type of return filed so for example if we're doing a corporate return here i'm at 1120 the gross receipts figure is calculated by adding line one a and then line four and then line ten lastly right um s

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