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10594: 1120 - EF Message 0036


1120 Corporate

How do I clear EF Message 0036 for a corporation with over $250,000 total receipts but no assets at the end of the year?

In this situation, EF Message 0036 can't be cleared and the return must be paper filed.

EF Message 0036:

If Form 1120, Schedule K, Line 13 does not have a choice of "Yes"
indicated, then Form 1120, Schedule L, Line 15d must have a value. 

SCHEDULE L, LINE 15D AMOUNT MISSING: If Form 1120, Schedule K,
line 13, does not have a choice of "YES" indicated, then Form 1120,
Schedule L, line 15d, must have a value. (IRS Business Rule
F1120-259.)

Schedule K, line 13, can be answered "yes" only if total gross receipts and year-end assets are both under $250,000. In this return, the total of year-end assets (Schedule L, line 15d) is zero or blank, but gross receipts exceed $250,000.


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