C-Corporation Returns (Form 1120)

What we need

• Profit and loss statement and balance sheet
• Prior year's tax return
• A list of officers and shareholders with ownership percentages
• Officer compensation and employee payroll (W-2s, W-3, and the year's 941s and 940)
• Cash or property any shareholder contributed to the corporation this year
• Dividends paid to shareholders
• A list of assets or purchases made during the year to depreciate
• Estimated tax payments the corporation made during the year

Different from an S-corp: a C-corporation pays tax on its own profits and makes its own estimated payments through the year — so those payment records matter here. We'll also watch for the double tax on dividends and plan around it where we can.

What's included

• Review of your bookkeeping, profit and loss statement, and balance sheet
• Complete preparation of your federal C-corporation return
• Reconciling book income to tax income (Schedules M-1 and M-2)
• Secure electronic filing with the IRS and your state
• A copy of your completed return in your secure client portal
• If we make an error on your return, we fix it