Form hub • IRS • Updated 2026
By Srikanta M.Reviewed against FTB / SOS sources: September 2026Methodology

IRS 1120: C-Corp Return & Schedule L Line 15d

Federal corporate return due April 15. Schedule L Line 15d total assets feeds Delaware APV math.

Quick answers

What is IRS 1120 and when is it due?
Federal corporate return due April 15. Schedule L Line 15d total assets feeds Delaware APV math. Due: April 15 (extendable to Oct 15).

Key facts

  • APV link: APV = Line 15d assets ÷ issued shares × authorized shares.
  • Delaware timing: Delaware’s report is due March 1, before the 1120. Use your year-end balance sheet for gross assets.
  • Zero-asset year: Report $0 honestly; $400 APV minimum applies.

Deadline

April 15 (extendable to Oct 15) (IRS). Extensions extend filing where offered — never payment.

Full walkthrough

IRS 1120 is covered step by step, with worked examples, in Delaware APV optimization. For every deadline in the year, see the 2026 compliance calendar.

Other forms

Sources

  • IRS form instructions; related guide on this site