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McKinney Texas Form 1125-E: What You Should Know
Management This form reports the total gross receipts of the corporation for the prior tax year, as well as information on: 1. Compensation of all officers and members of the board of directors, other than certain officers and members of the board of directors whose base compensation as of the tax year is more than two times the gross receipts of the corporation in the preceding tax year; and 2. The dollar amount of the deduction for the compensation of officers. The corporation's gross receipts for the preceding tax year must be reported on Form 1120-E and may be found online at IRS.gov/Form1120. Use the form to report all deductions for the fiscal year. For information about what information is and is not confidential, please see the IRS's confidential filing statement. The information on your form is considered confidential information and may be disclosed only for the purposes set forth in this notice. Information reported on this or other IRS Forms 1099 or 1099‑K will not be retained by the IRS. This form can be used to report compensation, which includes bonuses or other payments or other benefits received by all non-management officers and directors on a regular or periodic basis (including as of the due date for filing Form 1125-E), and, for any non-management officer or director who is related to a manager, other than for compensation paid by any of the managers, the amount of the compensation received by each manager.
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