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                                                                                                                                                                          OMB No. 1545-0123 
                                                                     U.S. Income Tax Return for an S Corporation 
Form 1120-S
                                                                               Do not file this form unless the corporation has filed or 
Department of the Treasury                                                     is attaching Form 2553 to elect to be an S corporation. 
Internal Revenue Service                                             Go to www.irs.gov/Form1120S for instructions and the latest information.                             2023
For calendar year 2023 or tax year beginning                                                                             , 2023, ending                                          , 20 
A  S election effective date                                           Name                                                                               D  Employer identification number 

B  Business activity code                                       TYPE   Number, street, and room or suite no. If a P.O. box, see instructions.             E  Date incorporated
   number (see instructions)                                    OR 
                                                                PRINT
                                                                       City or town, state or province, country, and ZIP or foreign postal code           F  Total assets (see instructions) 
C  Check if Sch. M-3 attached                                                                                                                             $ 
G                                     Is the corporation electing to be an S corporation beginning with this tax year? See instructions.            Yes   No
H                                     Check if: (1) Final return   (2)     Name change   (3)   Address change   (4)          Amended return           (5) S election termination 
I                                     Enter the number of shareholders who were shareholders during any part of the tax year                  .   . . . . .    . .
J                                     Check if corporation: (1)   Aggregated activities for section 465 at-risk purposes (2)   Grouped activities for section 469 passive activity purposes
Caution: Include only trade or business income and expenses on lines 1a through 22. See the instructions for more information. 
                                      1a   Gross receipts or sales                   b Less returns and allowances                                  c  Balance   1c 
                                      2    Cost of goods sold (attach Form 1125-A)  .    .   . . .    .     . . .        .   . . .            .   . . . . .       2 
                                      3    Gross profit. Subtract line 2 from line 1c  . .   . . .    .     . . .        .   . . .            .   . . . . .       3 
                 Income               4    Net gain (loss) from Form 4797, line 17 (attach Form 4797)       . . .        .   . . .            .   . . . . .       4 
                                      5    Other income (loss) (see instructions—attach statement)    .     . . .        .   . . .            .   . . . . .       5 
                                      6    Total income (loss). Add lines 3 through 5  .     . . .    .     . . .        .   . . .            .   . . . . .       6 
                                      7    Compensation of officers (see instructions—attach Form 1125-E)  .             .   . . .            .   . . . . .       7 
                                      8    Salaries and wages (less employment credits)      . . .    .     . . .        .   . . .            .   . . . . .       8 
                                      9    Repairs and maintenance  .        . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .       9 
                                      10   Bad debts        .   . .  .     . . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      10 
                                      11   Rents  .  .      .   . .  .     . . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      11 
                                      12   Taxes and licenses  .     .     . . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      12 
                                      13   Interest (see instructions)  .    . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      13 
                                      14   Depreciation from Form 4562 not claimed on Form 1125-A or elsewhere on return (attach Form 4562)                      14 
                                      15   Depletion (Do not deduct oil and gas depletion.)    . .    .     . . .        .   . . .            .   . . . . .      15 
   (see instructions for limitations) 16   Advertising  .       . .  .     . . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      16 
                                      17   Pension, profit-sharing, etc., plans  . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      17 
                                      18   Employee benefit programs  .        . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      18 
                                      19   Energy efficient commercial buildings deduction (attach Form 7205)            .   . . .            .   . . . . .      19
                                      20   Other deductions (attach statement)     .   . .   . . .    .     . . .        .   . . .            .   . . . . .      20
                 Deductions           21   Total deductions. Add lines 7 through 20      .   . . .    .     . . .        .   . . .            .   . . . . .      21 
                                      22   Ordinary business income (loss). Subtract line 21 from line 6  .     .        .   . . .            .   . . . . .      22
                                      23 a Excess net passive income or LIFO recapture tax (see instructions)  .         .   .   23a 
                                       b   Tax from Schedule D (Form 1120-S)       .   . .   . . .    .     . . .        .   .   23b 
                                       c   Add lines 23a and 23b (see instructions for additional taxes)  .   . .        .   . . .            .   . . . . .      23c 
                                      24 a Current year’s estimated tax payments and preceding year’s overpayment 
                                           credited to the current year  .     . . .   . .   . . .    .     . . .        .   .   24a 
                                       b   Tax deposited with Form 7004  .       . .   . .   . . .    .     . . .        .   .   24b 
                                       c   Credit for federal tax paid on fuels (attach Form 4136)  . .     . . .        .   .   24c 
                                       d   Elective payment election amount from Form 3800  .    .    .     . . .        .   .   24d 
                                       z   Add lines 24a through 24d         . . . .   . .   . . .    .     . . .        .   . . .            .   . . . . .      24z
                 Tax and Payments     25   Estimated tax penalty (see instructions). Check if Form 2220 is attached  .         . .            .   . . . .        25 
                                      26   Amount owed. If line 24z is smaller than the total of lines 23c and 25, enter amount owed                  . . .      26 
                                      27   Overpayment. If line 24z is larger than the total of lines 23c and 25, enter amount overpaid  .              . .      27 
                                      28   Enter amount from line 27:        Credited to 2024 estimated tax                                       Refunded  .    28 
                                           Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and 
                                           belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. 
Sign 
                                                                                                                                                               May  the  IRS  discuss  this  return 
Here                                                                                                                                                           with the preparer shown below? 
                                           Signature of officer                                Date             Title                                          See instructions. Yes                 No
                                                Print/Type preparer’s name             Preparer’s signature                                   Date
Paid                                                                                                                                                      Check        if PTIN
                                                                                                                                                          self-employed
Preparer 
                                                Firm’s name                                                                                               Firm’s EIN 
Use Only                                        Firm’s address                                                                                            Phone no.
For Paperwork Reduction Act Notice, see separate instructions.                                                                 Cat. No. 11510H                            Form 1120-S (2023)



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Form 1120-S (2023)                                                                                                                        Page 2 
Schedule B            Other Information  (see instructions) 
1  Check accounting method:             a   Cash     b         Accrual                                                                 Yes  No 
                                        c   Other (specify) 
2  See the instructions and enter the: 
   a Business activity                                                 b Product or service 
3  At any time during the tax year, was any shareholder of the corporation a disregarded entity, a trust, an estate, or a 
   nominee or similar person? If “Yes,” attach Schedule B-1, Information on Certain Shareholders of an S Corporation .           .
4  At the end of the tax year, did the corporation:
a  Own directly 20% or more, or own, directly or indirectly, 50% or more of the total stock issued and outstanding of any 
   foreign or domestic corporation? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) 
   below  .           . . . . .       . . . . .   .  . .     .     . . .    . . .       . . .   . .   . . .        .  . .  . . . .
           (i) Name of Corporation            (ii) Employer            (iii) Country of     (iv) Percentage of (v) If Percentage in (iv) Is 100%, Enter the 
                                              Identification           Incorporation          Stock Owned      Date (if applicable) a Qualified Subchapter 
                                            Number (if any)                                                           S Subsidiary Election Was Made

b  Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or 
   capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a 
   trust? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below  .          . .  . . . .
                   (i) Name of Entity         (ii) Employer          (iii) Type of Entity         (iv) Country of       (v) Maximum Percentage Owned 
                                              Identification                                      Organization             in Profit, Loss, or Capital
                                            Number (if any)

5a At the end of the tax year, did the corporation have any outstanding shares of restricted stock?  .             .  . .  . . . .  
   If “Yes,” complete lines (i) and (ii) below.
   (i)    Total shares of restricted stock    .   . .  .     .     . . .    . . .
   (ii)   Total shares of non-restricted stock  .   .  .     .     . . .    . . .
b  At the end of the tax year, did the corporation have any outstanding stock options, warrants, or similar instruments?         .
   If “Yes,” complete lines (i) and (ii) below.
   (i)    Total shares of stock outstanding at the end of the tax year        . .  
   (ii)   Total shares of stock outstanding if all instruments were executed  
6  Has  this  corporation  filed,  or  is  it  required  to  file, Form  8918,  Material  Advisor  Disclosure  Statement,  to  provide 
   information on any reportable transaction?       .  .     .     . . .    . . .       . . .   . .   . . .        .  . .  . . . .
7  Check this box if the corporation issued publicly offered debt instruments with original issue discount           .  .  . . .
   If checked, the corporation may have to file     Form 8281, Information Return for Publicly Offered Original Issue Discount 
   Instruments. 
8  If the corporation (a) was a C corporation before it elected to be an S corporationor the corporation acquired an asset with a 
   basis determined by reference to the basis of the asset (or the basis of any other property) in the hands of a C corporation, and 
   (b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in 
   gain reduced by net recognized built-in gain from prior years. See instructions        . .   . .   . . $ 
9  Did the corporation have an election under section 163(j) for any real property trade or business or any farming business 
   in effect during the tax year? See instructions .   .     .     . . .    . . .       . . .   . .   . . .        .  . .  . . . .
10 Does the corporation satisfy one or more of the following? See instructions            . .   . .   . . .        .  . .  . . . .
a  The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense.
b  The  corporation’s  aggregate  average  annual  gross  receipts  (determined  under  section  448(c))  for  the  3  tax  years 
   preceding the current tax year are more than $29 million and the corporation has business interest expense.
c  The corporation is a tax shelter and the corporation has business interest expense. 
   If “Yes,” complete and attach Form 8990, Limitation on Business Interest Expense Under Section 163(j).
11 Does the corporation satisfy both of the following conditions?           . . .       . . .   . .   . . .        .  . .  . . . .
a  The corporation’s total receipts (see instructions) for the tax year were less than $250,000. 
b  The corporation’s total assets at the end of the tax year were less than $250,000. 
   If “Yes,” the corporation is not required to complete Schedules L and M-1.
                                                                                                                               Form 1120-S (2023) 



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Form 1120-S (2023)                                                                                                                                                                                                                  Page 3 
Schedule B                                                                                                           Other Information (see instructions) (continued)                                                               Yes  No 
12                                                                                                  During  the tax  year,  did  the  corporation have  any  non-shareholder  debt  that was  canceled, was  forgiven,  or  had the 
                                                                                                    terms modified so as to reduce the principal amount of the debt?             . .    . . . .  . .      . .     .  . . . . . .
                                                                                                    If “Yes,” enter the amount of principal reduction  .       . .       . .   . . .    . . . .  . .      . $ 
13                                                                                                  During the tax year, was a qualified subchapter S subsidiary election terminated or revoked? If “Yes,” see instructions  .
14a                                                                                                 Did the corporation make any payments in 2023 that would require it to file Form(s) 1099? .           . .     .  . . . . . .
                          b                                                                         If “Yes,” did or will the corporation file required Form(s) 1099?          . . .    . . . .  . .      . .     .  . . . . . .
15                                                                                                  Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund?  .        . .      . .     .  . . . . . .
                                                                                                    If “Yes,” enter the amount from Form 8996, line 15  .        .       . .   . . .    . . . .  . .      .  $ 
16                                                                                                  At any time during the tax year, did the corporation: (a) receive (as a reward, award, or payment for property or services); 
                                                                                                    or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? See instructions  .
Schedule K                                                                                                           Shareholders’ Pro Rata Share Items                                                                      Total amount 
                                                                                                                1    Ordinary business income (loss) (page 1, line 22)  .  .   . . .    . . . .  . .      . .     .  .   1 
                                                                                                                2    Net rental real estate income (loss) (attach Form 8825)  .  . .    . . . .  . .      . .     .  .   2 
                                                                                                                3a   Other gross rental income (loss)  .  .  . . .       . .   . . .    . .   3a 
                                                                                                                b    Expenses from other rental activities (attach statement)    . .    . .   3b 
                                                                                                                c    Other net rental income (loss). Subtract line 3b from line 3a .    . . . .  . .      . .     .  .   3c 
                                                                                                                4    Interest income  . .   . . .       . .  . . .       . .   . . .    . . . .  . .      . .     .  .   4 
                                                                                                                5    Dividends:   aOrdinary dividends  .  .  . . .       . .   . . .    . . . .  . .      . .     .  .   5a 
                                                                                                                     b Qualified dividends  .             .  . . .       . .   . . .    . .   5b 
                                                                                                                6    Royalties  .  . .  .   . . .       . .  . . .       . .   . . .    . . . .  . .      . .     .  .   6 
                                                                   Income (Loss)                                7    Net short-term capital gain (loss) (attach Schedule D (Form 1120-S))   . .  . .      . .     .  .   7 
                                                                                                                8 a  Net long-term capital gain (loss) (attach Schedule D (Form 1120-S))  . . .  . .      . .     .  .   8a 
                                                                                                                b    Collectibles (28%) gain (loss)  .  . .  . . .       . .   . . .    . .   8b 
                                                                                                                c    Unrecaptured section 1250 gain (attach statement)  .      . . .    . .   8c 
                                                                                                                9    Net section 1231 gain (loss) (attach Form 4797)  .    .   . . .    . . . .  . .      . .     .  .   9 
                                                                                                                10   Other income (loss) (see instructions)  . . .       Type:                                           10 
                                                                                                                11   Section 179 deduction (attach Form 4562) .  .       . .   . . .    . . . .  . .      . .     .  .   11 
                                                                                                                12 a Charitable contributions . .       . .  . . .       . .   . . .    . . . .  . .      . .     .  .   12a 
                                                                                                                b    Investment interest expense  .     . .  . . .       . .   . . .    . . . .  . .      . .     .  .   12b 
                                                        Deductions                                              c    Section 59(e)(2) expenditures  .   . .  . . .       Type:                                           12c
                                                                                                                d    Other deductions (see instructions)  .  . . .       Type:                                           12d
                                                                                                                13a  Low-income housing credit (section 42(j)(5))  .     . .   . . .    . . . .  . .      . .     .  .   13a 
                                                                                                                b    Low-income housing credit (other)  .    . . .       . .   . . .    . . . .  . .      . .     .  .   13b 
                                                                                                                c    Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) .  .   13c 
                                                                                                                d    Other rental real estate credits (see instructions) Type:                                           13d 
                                                                   Credits                                      e    Other rental credits (see instructions) . . .       Type:                                           13e 
                                                                                                                f    Biofuel producer credit (attach Form 6478)  .       . .   . . .    . . . .  . .      . .     .  .   13f 
                                                                                                                g    Other credits (see instructions)   . .  . . .       Type:                                           13g 

                                                                                                                14   Attach Schedule K-2 (Form 1120-S), Shareholders’ Pro Rata Share Items—International, and 
                          Inter-                                                 national                            check this box to indicate you are reporting items of international tax relevance  . . .     .  
                                                                                                                15 a Post-1986 depreciation adjustment  .    . . .       . .   . . .    . . . .  . .      . .     .  .   15a 
                                                                                                                b    Adjusted gain or loss  . . .       . .  . . .       . .   . . .    . . . .  . .      . .     .  .   15b 
                                                                                                                c    Depletion (other than oil and gas)   .  . . .       . .   . . .    . . . .  . .      . .     .  .   15c 
                                                                                                                d    Oil, gas, and geothermal properties—gross income  .       . . .    . . . .  . .      . .     .  .   15d 
             Alternative                                                                            (AMT) Items e    Oil, gas, and geothermal properties—deductions .      .   . . .    . . . .  . .      . .     .  .   15e 
                                           Minimum Tax  
                                                                                                                f    Other AMT items (attach statement)  .   . . .       . .   . . .    . . . .  . .      . .     .  .   15f 
                                                                                                                16 a Tax-exempt interest income  .      . .  . . .       . .   . . .    . . . .  . .      . .     .  .   16a 
                                                                                                                b    Other tax-exempt income  . .       . .  . . .       . .   . . .    . . . .  . .      . .     .  .   16b 
                                                                                                                c    Nondeductible expenses  .  .       . .  . . .       . .   . . .    . . . .  . .      . .     .  .   16c 
                                                                                                                d    Distributions (attach statement if required) (see instructions)  . . . . .  . .      . .     .  .   16d 
                          Items Affecting                                                                       e    Repayment of loans from shareholders  .   . .       . .   . . .    . . . .  . .      . .     .  .   16e 
                                                                                 Shareholder  Basis             f    Foreign taxes paid or accrued      . .  . . .       . .   . . .    . . . .  . .      . .     .  .   16f 
                                                                                                                                                                                                                             Form 1120-S (2023) 



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Form 1120-S (2023)                                                                                                                                                                           Page 4 
Schedule K                                           Shareholders’ Pro Rata Share Items (continued)                                                                                Total amount 
                                              17a  Investment income  .        .   .  .  .    . .    . . . .    . . .                . . . .    . . . . . .    17a 
                                              b    Investment expenses  .          .  .  .    . .    . . . .    . . .                . . . .    . . . . . .    17b 
              Other                           c    Dividend distributions paid from accumulated earnings and profits  .                  . .    . . . . . .    17c 
                                  Information d    Other items and amounts (attach statement) 

                                              18   Income (loss) reconciliation. Combine the total amounts on lines 1 through 10. From the result, 
       Recon-           ciliation                  subtract the sum of the amounts on lines 11 through 12d and 16f                     . . .    . . . . . .    18
Schedule L                                           Balance Sheets per Books                              Beginning of tax year                               End of tax year 
                                                                 Assets                                    (a)                           (b)              (c)                           (d) 
1                                             Cash . .    .    . . .   .    .  .   .  .  .    .
2a                                            Trade notes and accounts receivable  .     .    .
b                                             Less allowance for bad debts .   .   .  .  .    .      (                             )                (                             )
3                                             Inventories .    . . .   .    .  .   .  .  .    .
4                                             U.S. government obligations  .   .   .  .  .    .
5                                             Tax-exempt securities (see instructions)   .    .
6                                             Other current assets (attach statement) .  .    .
7                                             Loans to shareholders  . .    .  .   .  .  .    .
8                                             Mortgage and real estate loans  .    .  .  .    .
9                                             Other investments (attach statement)    .  .    .
10a                                           Buildings and other depreciable assets .   .    .
b                                             Less accumulated depreciation  .     .  .  .    .      (                             )                (                             )
11a                                           Depletable assets  . .   .    .  .   .  .  .    .
b                                             Less accumulated depletion  .    .   .  .  .    .      (                             )                (                             )
12                                            Land (net of any amortization) . .   .  .  .    .
13a                                           Intangible assets (amortizable only)  . .  .    .
b                                             Less accumulated amortization  .     .  .  .    .      (                             )                (                             )
14                                            Other assets (attach statement)  .   .  .  .    .
15                                            Total assets  .  . . .   .    .  .   .  .  .    .
                                                   Liabilities and Shareholders’ Equity                                                                                                      
16                                            Accounts payable   . .   .    .  .   .  .  .    .
17                                            Mortgages, notes, bonds payable in less than 1 year 
18                                            Other current liabilities (attach statement)  . .
19                                            Loans from shareholders  .    .  .   .  .  .    .
20                                            Mortgages, notes, bonds payable in 1 year or more 
21                                            Other liabilities (attach statement) .  .  .    .
22                                            Capital stock  . . . .   .    .  .   .  .  .    .
23                                            Additional paid-in capital  . .  .   .  .  .    .
24                                            Retained earnings  . .   .    .  .   .  .  .    .
25                                            Adjustments to shareholders’ equity (attach statement) 
26                                            Less cost of treasury stock   .  .   .  .  .    .                     (                             )                                (                             )
27                                            Total liabilities and shareholders’ equity .    .
                                                                                                                                                                                   Form 1120-S (2023) 



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Form 1120-S (2023)                                                                                                                                   Page 5 
Schedule M-1         Reconciliation of Income (Loss) per Books With Income (Loss) per Return 
                     Note: The corporation may be required to file Schedule M-3. See instructions. 
1 Net income (loss) per books  .       . . .                    5                            Income  recorded  on  books  this  year 
2 Income included on Schedule K, lines 1, 2,                                                 not  included  on  Schedule  K,  lines  1
  3c, 4, 5a, 6, 7, 8a, 9, and 10, not recorded                                               through 10 (itemize): 
  on books this year (itemize):                                 a                            Tax-exempt interest $ 

3 Expenses  recorded  on  books  this  year                     6                            Deductions  included  on  Schedule  K, 
  not    included  on  Schedule  K,  lines  1                                                lines 1 through 12, and 16f, not charged 
  through 12, and 16f (itemize):                                                             against book income this year (itemize): 
a Depreciation $                                                a                            Depreciation $ 

b Travel and entertainment $                                    7                            Add lines 5 and 6 .    . .  .  . . .
                                                                8                            Income  (loss)  (Schedule  K,  line  18). 
4 Add lines 1 through 3  .     . .     . . .                                                 Subtract line 7 from line 4  . . . .
Schedule M-2         Analysis of Accumulated Adjustments Account, Shareholders’ Undistributed Taxable Income 
                     Previously Taxed, Accumulated Earnings and Profits, and Other Adjustments Account 
                     (see instructions)
                                                            (a) Accumulated                   (b) Shareholders’       (c) Accumulated    (d) Other adjustments 
                                                            adjustments account               undistributed taxable earnings and profits      account
                                                                                             income previously taxed
1 Balance at beginning of tax year  .    . .   . . .
2 Ordinary income from page 1, line 22  .      . . .
3 Other additions  .       . . . .     . . .   . . .
4 Loss from page 1, line 22  .   .     . . .   . . .        (                               )
5 Other reductions         . . . .     . . .   . . .        (                               )                                            (                               )
6 Combine lines 1 through 5 .    .     . . .   . . .
7 Distributions  .     .   . . . .     . . .   . . .
8 Balance  at  end  of  tax  year.  Subtract  line  7  from 
  line 6 .         . . .   . . . .     . . .   . . .  
                                                                                                                                         Form 1120-S (2023) 






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