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tax-forms

Automates IRS Form 1120 supporting schedules and specialized filings including depreciation, capital gains, foreign credits, intercompany compliance, and digital assets.

Updated Mar 13, 2026
Search Tags:#capital gains#corporate tax#depreciation#tax forms#form 1120#foreign tax credit#transfer pricing
One-click install
npx skills add https://github.com/AeyeOps/aeo-basis-plugin-marketplace --skill tax-forms
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: tax-forms
Source: https://github.com/AeyeOps/aeo-basis-plugin-marketplace/tree/main/plugins/tax-prep/skills/tax-forms
Command: npx skills add https://github.com/AeyeOps/aeo-basis-plugin-marketplace --skill tax-forms

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill includes references (resource) components.

What problem does it solve?

This Skill automates the preparation of complex supporting schedules and specialized forms for the federal Form 1120 corporate tax return, reducing manual effort and potential errors.

Core Features & Use Cases

  • Depreciation Calculation: Handles Form 4562, Section 179, bonus depreciation, and MACRS property classes.
  • Capital Gains Reporting: Supports Form 8949 and Schedule D, including wash sales and corporate-specific rules.
  • Foreign Tax Credit: Assists with Form 1118, GILTI, and separate limitation categories.
  • Intercompany Compliance: Addresses Form 5472, transfer pricing, and related-party transaction rules.
  • Use Case: A corporation needs to file its annual tax return. This Skill can help calculate depreciation for new assets, report capital gains from stock sales, determine foreign tax credits, and ensure compliance with intercompany transaction reporting requirements.

Quick Start

Use the tax-forms skill to calculate depreciation for a new piece of equipment placed in service on January 15, 2024, with a cost of $50,000.

Frequently Asked Questions about tax-forms

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I automate Form 4562 depreciation calculations for the 1120 corporate tax return?▼

Automate Form 4562 depreciation calculations by processing asset costs to apply Section 179, bonus depreciation, and MACRS property classes. This generates the supporting schedules needed for the federal 1120 return.

What is the best way to report corporate capital gains on Form 8949 and Schedule D?▼

Reporting corporate capital gains on Form 8949 and Schedule D involves matching asset dispositions to calculate totals while applying wash sale rules. This ensures accurate investment reporting for the federal 1120 return.

How does Form 1118 handle foreign tax credits and GILTI for corporations?▼

Form 1118 handles foreign tax credits by categorizing income into separate limitation categories and calculating GILTI. This determines the precise foreign tax credit corporations claim on the 1120 return.

When do I need to file Form 5472 for intercompany transfer pricing compliance?▼

File Form 5472 for intercompany transfer pricing compliance when reporting related-party transaction rules. This is required for foreign-owned U.S. corporations to satisfy specialized 1120 reporting standards.

Can I use this tax form preparation process for digital asset tax treatment?▼

Yes, the tax form preparation process supports digital asset tax treatment. It handles investment reporting requirements to ensure proper disclosure of digital asset transactions on the corporate 1120 return.

What are the limitations of automating corporate tax forms for Form 1120?▼

Automating corporate tax forms for Form 1120 requires detailed understanding of tax code sections and IRS forms. Complex intercompany transfer pricing rules may necessitate manual review for compliance.

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