Instructions for Form 1120 RIC U

Instructions and help about Instructions For Form 1120 RIC U

let me talk to you about forum 1120. i'm going to give you uh some basic information about where and how to fill out an 1120 form don't go anywhere [Music] welcome back folks to another edition of the awesome studio kiwi show how you doing today i hope you are doing fantastic i'm doing marvelous if you already asked me and if you are doing as great as i am go grab a cup of coffee or a tea or vodka and let's roll today i just want to talk to you about form 1120. let me quickly get into an integrate here what is form 1120 so businesses taxed as c corporations must file their business tax return with irs form 1120. so think of a form 1120 as the c-corporation equivalent to personal tax form 1040. and unlike other business structures companies tax as c corporations pay a flat 21 copper tax rate on taxable income so taxable income really is the difference between a c corporation's income and its business tax deductions losses and credits remember taxable income is different from the accoun