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If you are taxed as a C-Corp, you need to file a Form 1120, you must file it by the 15th day of the forth month following the close of the tax year, which for most taxpayers is April 15 or the next business day if it falls on a weekend or holiday.
If you are an S corporation then you may be liable for... Employment taxes: Social security and Medicare taxes and income tax withholding. Federal unemployment (FUTA) tax.
About Form 1120, U.S. Corporation Income Tax Return. Internal Revenue Service.
C corps pay their own taxes A regular corporation (also known as a C corporation) is taxed as a separate entity. The corporation must file a Form 1120 each year to report its income and to claim its deductions and credits.
The CIT generally taxes a business' profits, which are revenues (what a business makes in sales) minus costs (the cost of doing business). However, costs of capital investments?such as equipment, machinery, and buildings?cannot be deducted when they incur.