CRNs/IRNs for Form 1120 (MFT 02) and Form 1041 (MFT 05)

Form 1120 , U.S. Corporation Income Tax Return, is used to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation.

Form 1041, U.S. Income Tax Return for Estates and Trusts, is an income tax return filed by a fiduciary for every domestic estate or domestic trust for which they act.

Form 1041 and 1120 can be adjusted with the below IRNs.

Number

Definition

221

Partnership tax assessment amount

222

Partnership interest amount

263

IRC Section 965