Filing Tax Returns -- 60 Second Business Tip

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Filing Tax Returns

The federal income tax is a pay-as-you-go tax. A corporation generally must make four equal installments of estimated tax payments throughout its tax year. After the end of the year, the corporation must file an income tax return. You can use Form 1120-W to figure each required installment of estimated tax. All domestic corporations must file an income tax return whether or not they have taxable income. A corporation must generally file Form 1120 to report its income, gains, losses, deductions and credits and to figure its income tax liability. Generally, a corporation must file its income tax return by the 15th day of the third month after the end of its tax year. One can file Form 7004 to request a six month extension.

To learn more about filing tax returns for your corporation, call an NCH representative today at 1-800-508-1729.