Form FT 1120S for S Corporations

The Tax Commissioner issues an administrative journal entry each year waiving the filing requirement for S Corporations. Accordingly, S Corporations don't need to file Form FT 1120S because the administrative journal entry overrides the filing requirements in R.C. 5733.09(B) for S Corporations. Investor information previously reported on the FT 1120S will now report on one of the following:
  • Form IT 1140 (Pass-Through Entity and Trust Withholding Tax Return)
  • Form IT 4708 (Pass-Through Entity Composite Income Tax Return)
  • Form IT 4738 (Electing Pass-Through Entity Income Tax Return)

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