What is this form?
Form 1120 (U.S. Corporation Income Tax Return) is a C corporation's federal income tax return. It reports income, deductions, gains, losses, and credits, and figures the tax the corporation pays.
Unlike a partnership or an S corporation, a C corporation pays its own income tax.
For a calendar-year corporation, the general due date is April 15; if it falls on a weekend or legal holiday, it moves to the next business day.
Which businesses generally must file it?
- Domestic corporations that do not have an S election in effect and are not required to file another special return.
- LLCs that elected to be taxed as a corporation with the IRS (Form 8832) and do not have an S election.
An LLC with several owners is generally treated as a partnership and files Form 1065; it files Form 1120 only if it elected to be taxed as a corporation. Exempt organizations file other returns.
What information and documents do we need?
- Corporation details: legal name, EIN, address, date and state of incorporation.
- Shareholders' details and ownership percentages.
- Income for the year: bank statements and 1099 forms received.
- Business expenses with receipts.
- Assets: purchases or sales of equipment, vehicles, or other property.
- Payroll paid (W‑2, 941, and 940), including officers.
- Business loans and debts.
- Estimated tax payments made during the year.
- Last year's return, if any.
Please do not send Social Security numbers, full EINs, or documents through the form on this page. After you request the service, we will email you the questionnaire and the list of documents.
How does our service work?
- Request the service.Fill out the form on this page.
- Receive the questionnaire.We email you a questionnaire in Spanish and the list of documents for your company.
- Send your information.Send back the questionnaire with copies of the year's documents.
- We prepare the corporation's return.We review the information and let you know if anything is missing.
- Review and approval.You review and approve the return before it is filed.
We prepare the return with the information and documents the company gives us. We confirm which form applies before we begin.
Costs
Our fees
Payments to the IRS
The IRS does not charge to file the form. Any tax the corporation owes is paid directly to the IRS and is not part of our fees.
Frequently asked questions
What is the difference between a C and an S corporation?
A C corporation pays its own income tax on Form 1120. An S corporation, with an S election in effect, files Form 1120-S and generally passes its income to the shareholders through the K‑1.
Does a C corporation issue a Schedule K‑1?
No. Schedule K‑1 belongs to partnerships (1065) and S corporations (1120-S).
When is it due?
For a calendar year, April 15 (or the next business day). An automatic extension can be requested with Form 7004, filed by the due date.
What do I need to get started?
Request the service on this page. We email you a questionnaire in Spanish with the list of the corporation's documents.
Official sources
Ge Chanfon Services LLC provides document preparation and administrative assistance services. We are not a law firm and do not provide legal advice. Approval of any application is decided by the appropriate government agency.