About Tax Form 1125-A
What is the 1125-A Tax Form for and how do I file it?
The 1125-A Tax Form is the Cost of Goods Sold Form.
The 1125-A is to calculate and deduct the cost of goods sold for business entities. This Tax Form is to be used in conjunction for Tax Filers of Forms 1120, 1120-C, 1120-F, 1120-S, or 1065.
It reports your deductions for cost of goods sold for the year, also known as COGS, and is an important part of your business tax return if you make products to sell or you buy products and resell them.
This calculation captures production costs that wouldn’t be included in any other way, and these costs reduce your business taxable income.
2023 Tax Form 1125-A FAQ
Who files an 1125-A tax return?
This Tax Form is to be used in conjunction with Tax Filers of Forms 1120, 1120-C, 1120-F, 1120-S, or 1065. This Form reports all your business Cost of Goods Sold (GOGS) activity.
How do I file a 1125-A Tax Form?
We have provided a link with detailed instructions from the IRS to walk you through the proper way to fill out and file the 1120 Tax Form.
Can I file a 1125-A Tax Form online?
Yes! We have provided an easy downloadable link to the 1125a Tax Form from the IRS.
Cost of Goods Sold – Download Form 1125a
What if I still have questions about the 1125-A Form?
Reach out! That’s why we are here. To help guide you and teach you the proper accounting methods to apply to your business.
