Certain 2010 Cash Contributions for Haiti Relief Can Be Deducted As 

If Made on December 31, 2009 

A new law allows the option of treating certain charitable contributions of money 

made after January 11, 2010, and before March 1, 2010, for the relief of victims 

in areas affected by the January 12, 2010, earthquake in Haiti as if they were 

made on December 31, 2009. Contributions of money include contributions made 

by cash, check, money order, credit card, charge card, debit card, or via cell 

phone. 

The new law was enacted after the 2009 forms, instructions, and publications 

had already been printed, so this alert is being added to the electronic version of 

certain impacted products. 

The contribution must be made to a qualified organization and meet all other 

requirements for charitable contribution deductions. However, if the contribution 

was made by phone or text message, a telephone bill showing the name of the 

donee organization, the date of the contribution, and the amount of the 

contribution will satisfy the recordkeeping requirement. Therefore, for example, 

for a $10 charitable contribution made by text message that was charged to a 

telephone or wireless account, a telecommunications company bill containing this 

information satisfies the recordkeeping requirement. 
Form 1120S 

Department of the Treasury 

Internal Revenue Service 

U.S. Income Tax Return for an S Corporation 

© Do not file this form unless the corporation has filed or is

attaching Form 2553 to elect to be an S corporation. 

© See separate instructions. 

OMB No. 1545-0130 

2009

For calendar year 2009 or tax year beginning , 2009, ending , 20 

Use 

IRS 

label. 

Otherwise, 

print or 

type. 

Name 

Number, street, and room or suite no. If a P.O. box, see instructions. 

City or town, state, and ZIP code 

A S election effective date 

B Business activity code 

number (see instructions) 

C Check if Sch. M-3

attached 

D Employer identification number 

E Date incorporated 

F Total assets (see instructions) 

$ 

G Is the corporation electing to be an S corporation beginning with this tax year? Yes No If “Yes,” attach Form 2553 if not already filed 

H Check if: (1) Final return (2) Name change (3) Address change 

(4) Amended return (5) S election termination or revocation 

I Enter the number of shareholders who were shareholders during any part of the tax year . . . . . . . . . ©

Caution. Include only trade or business income and expenses on lines 1a through 21. See the instructions for more information. Income 

1 a Gross receipts or sales b Less returns and allowances c Bal © 1c 

2 Cost of goods sold (Schedule A, line 8) . . . . . . . . . . . . . . . . . . 2 

3 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . 3 

4 Net gain (loss) from Form 4797, Part II, 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 

Deductions (see instructions for limitations) 

7 Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 

14 Depreciation not claimed on Schedule A or elsewhere on return (attach Form 4562) . . . . . 14 

15 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . 15 

16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 

17 Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . 17 

18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . 18 

19 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . 19 

20 Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . . © 20 

21 Ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . 21 

Tax and Payments 

22 a Excess net passive income or LIFO recapture tax (see instructions) . . 22a 

b Tax from Schedule D (Form 1120S) . . . . . . . . . . . 22b 

c Add lines 22a and 22b (see instructions for additional taxes) . . . . . . . . . . . . 22c 

23a 2009 estimated tax payments and 2008 overpayment credited to 2009 23a 

b Tax deposited with Form 7004 . . . . . . . . . . . . 23b 

c Credit for federal tax paid on fuels (attach Form 4136) . . . . . 23c 

d Add lines 23a through 23c . . . . . . . . . . . . . . . . . . . . . . 23d 

24 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . © 24 

25 Amount owed. If line 23d is smaller than the total of lines 22c and 24, enter amount owed . . 25 

26 Overpayment. If line 23d is larger than the total of lines 22c and 24, enter amount overpaid . . 26 

27 Enter amount from line 26 Credited to 2010 estimated tax © Refunded © 27 

Sign 

Here

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. 

© Signature of officer Date © Title

May the IRS discuss this return 

with the preparer shown below 

(see instructions)? Yes No

Paid 

Preparer’s 

Use Only

Preparer’s 

signature © Date

Check if selfemployed

Preparer’s SSN or PTIN

Firm’s name (or 

yours if self-employed), 

address, and ZIP code © EIN

Phone no. 

For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11510H Form 1120S (2009) 
Form 1120S (2009) Page 2 

Schedule A Cost of Goods Sold (see instructions) 

1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . 1 

2 Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 

3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 

4 Additional section 263A costs (attach statement) . . . . . . . . . . . . . . . . . 4 

5 Other costs (attach statement) . . . . . . . . . . . . . . . . . . . . . . 5 

6 Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . 6 

7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . 7 

8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 . . . . . . . 8 

9a Check all methods used for valuing closing inventory: (i) Cost as described in Regulations section 1.471-3 

(ii) Lower of cost or market as described in Regulations section 1.471-4 

(iii) Other (Specify method used and attach explanation.) ©

b Check if there was a writedown of subnormal goods as described in Regulations section 1.471-2(c) . . . . . . . . . ©

c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) . . . . . . ©

d If the LIFO inventory method was used for this tax year, enter percentage (or amounts) of closing 

inventory computed under LIFO . . . . . . . . . . . . . . . . . . . . . . 9d 

e If property is produced or acquired for resale, do the rules of section 263A apply to the corporation? . . . . Yes No

f Was there any change in determining quantities, cost, or valuations between opening and closing inventory? . . Yes No

If “Yes,” attach explanation. 

Schedule B Other Information (see instructions) Yes No 

1 Check accounting method: a Cash b Accrual c Other (specify) ©

2 See the instructions and enter the: 

a Business activity © b Product or service ©

3 At the end of the tax year, did the corporation own, directly or indirectly, 50% or more of the voting stock of a domestic 

corporation? (For rules of attribution, see section 267(c).) If “Yes,” attach a statement showing: (a) name and employer 

identification number (EIN), (b) percentage owned, and (c) if 100% owned, was a QSub election made? . . . . .

4 Has this corporation filed, or is it required to file, a return under section 6111 to provide information on any reportable 

transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 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. 

6 If the corporation: (a) was a C corporation before it elected to be an S corporation or the corporation acquired an 

asset with a basis determined by reference to its basis (or the basis of any other property) in the hands of a 

C corporation and (b) has net unrealized built-in gain (defined in section 1374(d)(1)) 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 . . . . . . . . . . . . . . . . . © $ 

7 Enter the accumulated earnings and profits of the corporation at the end of the tax year. $ 

8 Are the corporation’s total receipts (see instructions) for the tax year and its total assets at the end of the tax year less 

than $250,000? If “Yes,” the corporation is not required to complete Schedules L and M-1 . . . . . . . . .

Schedule K Shareholders’ Pro Rata Share Items Total amount Income (Loss) 

1 Ordinary business income (loss) (page 1, line 21) . . . . . . . . . . . . . . 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: a Ordinary dividends . . . . . . . . . . . . . . . . . . . 5a 

b Qualified dividends . . . . . . . . . . 5b 

6 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . 6 

7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . 7 

8 a Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) . . . . . . . . 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 

Form 1120S (2009) 
Form 1120S (2009) Page 3 Deductions 

Shareholders’ Pro Rata Share Items (continued) Total amount 

11 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . 11 

12 a Contributions . . . . . . . . . . . . . . . . . . . . . . . . 12a 

b Investment interest expense . . . . . . . . . . . . . . . . . . . 12b 

c Section 59(e)(2) expenditures (1) Type © (2) Amount © 12c(2) 

d Other deductions (see instructions) . . . Type © 12d 

Credits 

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) . . . . . 13c 

d Other rental real estate credits (see instructions) Type © 13d 

e Other rental credits (see instructions) . . . Type © 13e 

f Alcohol and cellulosic biofuel fuels credit (attach Form 6478) . . . . . . . . . 13f 

g Other credits (see instructions) . . . . . Type © 13g 

Foreign Transactions 

14a Name of country or U.S. possession ©

b Gross income from all sources . . . . . . . . . . . . . . . . . . . 14b 

c Gross income sourced at shareholder level . . . . . . . . . . . . . . . 14c 

Foreign gross income sourced at corporate level 

d Passive category . . . . . . . . . . . . . . . . . . . . . . . 14d 

e General category . . . . . . . . . . . . . . . . . . . . . . . 14e 

f Other (attach statement) . . . . . . . . . . . . . . . . . . . . . 14f 

Deductions allocated and apportioned at shareholder level 

g Interest expense . . . . . . . . . . . . . . . . . . . . . . . 14g 

h Other . . . . . . . . . . . . . . . . . . . . . . . . . . . 14h 

Deductions allocated and apportioned at corporate level to foreign source income 

i Passive category . . . . . . . . . . . . . . . . . . . . . . . 14i 

j General category . . . . . . . . . . . . . . . . . . . . . . . 14j 

k Other (attach statement) . . . . . . . . . . . . . . . . . . . . . 14k 

Other information 

l Total foreign taxes (check one): © Paid Accrued . . . . . . . . . 14l 

m Reduction in taxes available for credit (attach statement) . . . . . . . . . . . 14m 

n Other foreign tax information (attach statement) 

Alternative 

Minimum Tax 

(AMT) Items 

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 

e Oil, gas, and geothermal properties—deductions . . . . . . . . . . . . . 15e 

f Other AMT items (attach statement) . . . . . . . . . . . . . . . . . 15f 

Items Affecting 

Shareholder 

Basis 

16 a Tax-exempt interest income . . . . . . . . . . . . . . . . . . . 16a 

b Other tax-exempt income . . . . . . . . . . . . . . . . . . . . 16b 

c Nondeductible expenses . . . . . . . . . . . . . . . . . . . . 16c 

d Property distributions . . . . . . . . . . . . . . . . . . . . . 16d 

e Repayment of loans from shareholders . . . . . . . . . . . . . . . . 16e 

Other 

Information 

17a Investment income . . . . . . . . . . . . . . . . . . . . . . 17a 

b Investment expenses . . . . . . . . . . . . . . . . . . . . . . 17b 

c Dividend distributions paid from accumulated earnings and profits . . . . . . . 17c 

d Other items and amounts (attach statement)

Reconciliation 

18 Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right 

column. From the result, subtract the sum of the amounts on lines 11 through 12d and 14l 18 

Form 1120S (2009) 
Form 1120S (2009) Page 4 

Schedule L Balance Sheets per Books Beginning of tax year End of tax year 

Assets (a) (b) (c) (d) 

1 Cash . . . . . . . . . . . . .

2 a 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 . . . . . ( ) ( )

11 a 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 . .

Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return 

Note: Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more—see instructions 

1 Net income (loss) per books . . . . . .

2 Income included on Schedule K, lines 1, 2, 3c, 4, 

5a, 6, 7, 8a, 9, and 10, not recorded on books this 

year (itemize): 

3 Expenses recorded on books this year not 

included on Schedule K, lines 1 through 12 and 

14l (itemize): 

a Depreciation $ 

b Travel and entertainment $ 

4 Add lines 1 through 3 . . . . . . . .

5 Income recorded on books this year not included

on Schedule K, lines 1 through 10 (itemize): 

a Tax-exempt interest $ 

6 Deductions included on Schedule K, 

lines 1 through 12 and 14l, not charged 

against book income this year (itemize): 

a Depreciation $ 

7 Add lines 5 and 6 . . . . .

8 Income (loss) (Schedule K, line 18). Line 4 less line 7

Schedule M-2 Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders’ 

Undistributed Taxable Income Previously Taxed (see instructions) 

(a) Accumulated

adjustments account 

(b) Other adjustments

account 

(c) Shareholders’ undistributed 

taxable income previously taxed 

1 Balance at beginning of tax year . . . . .

2 Ordinary income from page 1, line 21 . . .

3 Other additions . . . . . . . . . .

4 Loss from page 1, line 21 . . . . . . . ( )

5 Other reductions . . . . . . . . . . ( ) ( )

6 Combine lines 1 through 5 . . . . . . .

7 Distributions other than dividend distributions 

8 Balance at end of tax year. Subtract line 7 from line 6

Form 1120S (2009)