Waterford Business Solutions

Tax Form 1120


Tax Form 1120

About Tax Form 1120

What is the 1120 Tax Form for and how do I file it?

The 1120 Tax Form is the U.S. Corporation Income Tax Return.
All U.S. Corporations must file this form, regardless of profitability or operations.
The U.S. Corporation Income Tax Return Form reports the income, gains, losses, deductions, credits, and figures the corporation’s income tax liability.

2023 Tax Form 1120 FAQ

You can fill out the below form, use software like turbo tax or H&R block, use a national chain or speak with a CPA or EA that you know. We love talking with clients about taxes!


Who files an 1120 tax return?

Any incorporated business located in the U.S. must file Tax Form 1120, even if they don’t have taxable income for the year. However, partnerships and LLC may use Form 8832 to elect to file as a corporation regardless of their entity type.

This is not used for Subchapter S or S-Corporations they use an 1120-S. 


Am I exempt from filing 1120?

The IRS considers certain businesses and corporations exempt, including but not limited to:

  • Charitable Organizations
  • Social Welfare Organizations
  • Social Clubs
  • Trade associations
  • Labor Organizations
  • Veterans’ Organizations
  • Political Organizations

These entities will file a return that will include Form 990, Form 990-EZ, and Form 990-PF and are not organizations we are familiar with helping.


How do I file an 1120 Tax Form?

You can prepare an 1120 yourself or work with a tax professional to help you file or file for you. The major tax software programs like Turbo Tax and H&R block include filing an 1120. However, due to complexity, it is highly recommended to have a professional at least review your return if not help you file your return.

We have provided a link with detailed instructions from the IRS to walk you through the proper way to fill out and file the 1120 Tax Form.

We specialize in filing business taxes and are happy to help you and your business make the best tax choices for you. Contact us today!


Can I file an 1120 Tax Form online?

Yes! In fact, some corporations are required to e-file their return. Therefore, we have provided an easily downloadable link to the 1120 Tax Form from the IRS.

U.S. Corporation Income Tax Return – Download Form 1120

Can I Mail in my 1120 Tax Form?

As long as you are not required to E-File, you are welcome to mail in your return. Where you mail your return depends on your primary business location, the value of your assets, and what schedule you file.  

What Are the Requirements to file my 1120 Tax Form.

You must file your 1120 by the 15th day of the 3rd month after the end of your corporate tax year. Corporations are not required to operate in a calendar year. As such, you can end your year on July 31st and then file taxes on October 15th.


What if I still have questions about the 1120 Form?

Reach out! That’s why we are here. To help guide you and teach you the proper accounting methods to apply to your business.

How To Fill Out Tax Form 1120 Instructions Download Tax Form 1120

Waterford Business Solutions > Tax Form Resource 

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