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 Form Ct 1120 2015

2015-2025 Form

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Instructions and help about Form Ct 1120

in reg three we looking at regular us corporations or as we call them C corporations now all us C corporations they need to file Form 1120 with the IRS so from 11:20 that's the US Corporation income tax return and I got an overview of this form right here on my board so it starts with all the income of the C corporation total income and then we're going to allow them a lot of deductions so we have got ordinary deductions so these are deductions for the trade or business expenses during the year then let's say if the C corporation has done some charity during the year they're going to be allowed deductions for the charitable contributions but this one is going to be subject to a 10% limit and we'll talk about that when we get there let's say the C corporation has domestic us production activities and it's one of those eligible businesses they could take a domestic production activities deduction then let's talk about n or n

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