![]() ![]() 1120-C: cooperative associations, such as farmers’ cooperatives.There are special forms for specific types of organizations. American corporations use this form to report to the IRS their income, gains, losses deductions and credits. What Is a 1120 Tax Form?Ī 1120 tax form is an Internal Revenue Service (IRS) form that corporations use to find out their tax liability, or how much business tax they owe. If you need income tax advice please contact an accountant in your area. NOTE: FreshBooks Support team members are not certified income tax or accounting professionals and cannot provide advice in these areas, outside of supporting questions about FreshBooks. It also helps corporations find out how much income tax they need to pay, according to the IRS. It is an Internal Revenue Service (IRS) document that American corporations use to report their credits, deductions, losses, gains and income.
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