A C corporation should use IRS Form 1120 to report its corporate income taxes. The company may also have employment, Social Security, or Medicare tax liabilities and these can increase the cost of ...

In the third of a three-part series, Damien Martin and Tony Nitti of EY discuss their top tax cases from 2024, focusing on ...

C Corps: They file Form 1120, paying taxes on the corporation’s profits. Shareholders then report any dividends on their personal tax returns. Choosing between an S Corp and a C Corp isn’t ...