Small business tax help website
 

Corporation Tax Return

Even a small business can be formed as a corporation. A corporation needs to file a corporation tax return whether it has taxable income or not. Depending on the amount of income and the size of the corporation, the tax filing requirements set forth by the IRS and individual states may allow it to file a shorter corporation tax return form, otherwise the full corporation tax return form is required.

When does a corporation need to file tax return?

All corporations need to file corporation tax returns when they are in existence.

My corporation did not operate the full year, does it need to file corporation tax return?

Yes. The corporation needs to file corporation tax return for the amount of time it was in existence.

My corporation was dissolved, does it still need to file corporation tax return?

A corporation must file corporation tax return even if it has ceased to do business if the corporation has valuable claims that it will bring suit.

When does a corporation not have to file tax return?

A corporation does not need to file a corporation tax return if it has ceased to do business and has no assets.

What are the corporation tax forms to use?

The corporation tax forms to use for filing corporation tax return is tax Form 1120 unless the corporation is a small corporation that is entitled to file the shorter form 1120-A.