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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1120-F Schedule S
for the current year.
IRS Form 1120-F Schedule S Exclusion of Income From the International Operation of Ships or Aircraft Under Section 883
What Is IRS Form 1120-F Schedule S?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1120-F, U.S. Income Tax Return of a Foreign Corporation. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1120-F?
A: IRS Form 1120-F is a tax form used to report the income, deductions, and credits of a foreign corporation engaged in a trade or business in the United States.
Q: What is Schedule S?
A: Schedule S is a component of IRS Form 1120-F that is used to claim the exclusion of income from the international operation of ships or aircraft under Section 883 of the tax code.
Q: Who can use Schedule S?
A: Foreign corporations engaged in the international operation of ships or aircraft can use Schedule S to claim the exclusion of their income.
Q: What is Section 883?
A: Section 883 of the tax code allows foreign corporations engaged in the international operation of ships or aircraft to exclude their income from U.S. taxation.
Q: What income can be excluded under Section 883?
A: Income derived from the international operation of ships or aircraft, such as freight or passenger income, can be excluded under Section 883.
Q: How do I fill out Schedule S?
A: You need to provide information about the income from the international operation of ships or aircraft and calculate the amount that can be excluded under Section 883.
Q: Do I need to attach Schedule S to IRS Form 1120-F?
A: Yes, if you are claiming the exclusion of income under Section 883, you must attach Schedule S to your IRS Form 1120-F.
Q: Are there any specific requirements to qualify for the income exclusion under Section 883?
A: Yes, there are specific requirements related to the ownership and use of ships or aircraft and the nature of the income that must be met to qualify for the income exclusion under Section 883.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1120-F Schedule S through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1120-F Schedule S Exclusion of Income From the International Operation of Ships or Aircraft Under Section 883
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