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 C Form CIT Montana Corporate Income Tax Retur 2023-2024

Montana Cit Tax 2023-2024 Form

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Instructions and help about montana cit 4 corporate return form

so an individual person is going to file tax form 1040. what does Corporation actually file a corporation a C corporation is going to file Tax Form 1120 and the reason they file 1120 is because corporations C corporations pay their own tax so they have to file their own tax return and pay their own taxes there are other entities like pass-through entities llc's Partnerships that don't pay their taxes it passes it down via K1 to the owner but that's not the case with a C corporation it's its own legal entity and it pays its taxes via the corporate tax rates so a lot Tax Form 1120 is where a C corporation reports its results for the year and then ultimately pays their taxes

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