Tax Filing Package: C. Corporation (Inc.) $399
 
2 Owners / Members
Non active company (no income / expenses)
$0 penalty guaranteed!
 
Additional fees:
 
3 or more owners $99 for each owner
(will be billed seperately)
 
Active company: $99
If you have income / expenses we need to file your balance sheet and income statement.
 
Optional services:
 
IRS Filing and proof of filing $49
(we will send your tax returns to the IRS and email you proof of filing which you keep for your records to avoid $25,000 penalties)
 
Forms included:
✓ Form 1120 (Preparation and Filing)
✓ Form 5472 (Preparation and Filing)
 
Benefits:
✓ 100% accuracy
✓ No penalty guarantee
✓ Review by tax expert
✓ Life time support
✓ Online forms storage
✓ Digital e-Signature
✓ Live chat support
✓ Email support
 
 
If you have a C. Corporation (1 owner or more), you need to file Form 1120 with shceuldes A-K and Form 5472 for each 25% owner.
 
Use Form 1120, U.S. Corporation Income Tax Return, to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation.
Who Must File
Unless exempt under section 501, all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income. Domestic corporations must file Form 1120, unless they are required, or elect to file a special return. See Special Returns for Certain Organizations, later.
 
Entities electing to be taxed as corporations.
A domestic entity electing to be classified as an association taxable as a corporation must file Form 1120, unless it is required to or elects to file a special return listed under Special Returns for Certain Organizations. The entity must also file Form 8832, Entity Classification Election, and attach a copy of Form 8832 to Form 1120 (or the applicable return) for the year of the election. For more information, see Form 8832 and its instructions.
 
Limited liability companies (LLC).
If an entity with more than one owner was formed as an LLC under state law, it is generally treated as a partnership for federal income tax purposes and files Form 1065, U.S. Return of Partnership Income. Generally, a single-member LLC is disregarded as an entity separate from its owner and reports its income and deductions on its owner's federal income tax return. The LLC can file a Form 1120 only if it has filed Form 8832 to elect to be treated as an association taxable as a corporation. For more information about LLCs, see Pub. 3402, Taxation of Limited Liability Companies.
Corporations engaged in farming.
 
A corporation (other than a corporation that is a subchapter T cooperative) that engages in farming should use Form 1120 to report the income (loss) from such activities. Enter the income and deductions of the corporation according to the instructions for lines 1 through 10 and 12 through 29.
Ownership interest in a Financial Asset Securitization Investment Trust (FASIT).
 
Special rules apply to a FASIT in existence on October 22, 2004, to the extent that regular interests issued by the FASIT before October 22, 2004, continue to remain outstanding in accordance with their original terms.
 
If a corporation holds an ownership interest in a FASIT to which these special rules apply, it must report all items of income, gain, deductions, losses, and credits on the corporation's income tax return (except as provided in section 860H). Show a breakdown of the items on an attached statement. For more information, see sections 860H and 860L (repealed with certain exceptions).
 
Foreign-owned domestic disregarded entities.
If a foreign person, including a foreign corporation, wholly owns a domestic disregarded entity (DE), the domestic DE is treated as a domestic corporation separate from its owner (the foreign corporation) for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. While a DE is not required to file a U.S. income tax return, a DE covered by these rules is required to file a pro forma Form 1120 with Form 5472 attached by the due date (including extensions) of the return. See the Instructions for Form 5472 for additional information and coordination with Form 5472 reporting by the domestic DE.
 
Qualified opportunity fund.
To be certified as a qualified opportunity fund (QOF), the corporation must file Form 1120 and attach Form 8996, even if the corporation had no income or expenses to report. See Schedule K, Question 25. Also, see the Instructions for Form 8996.
Qualified opportunity investment.
 
If the corporation held a qualified investment in a QOF at any time during the year, the corporation must file its return with Form 8997, Initial and Annual Statement of Qualified Opportunity Fund Investments, attached. See the instructions for Form 8997.