Business Tax Filings

Introduction about the Business Tax Filings like Form 1065, 1120, the 1120S & 1120C

Business formation is not merely handling profits and losses. It is much more than that. Once you enter the business realm, you have to gain true knowledge and expertise in the tax filing system. How many and what kind of taxes have to be paid?

For a business enterprise, it is important to file various taxes, including Form 1065, 1120, the 1120S, and 1120C. What are these forms, and how can Fellow Tax help you out?

Form 1065

Form 1065 in the tax filing procedure is the Partnership Tax Return. It represents the method through which a partnership business reports the entire financial statement to the IRS. There are no payments involved.

Form 1120

Form 1120 is filled to report all the gains, income, deductions, losses, and credits of a particular financial year. It helps IRS determine the income tax liability levied on a particular organization.

Form 1120s

Form 1120S, just like 1120, indicates the gains, income, deductions, losses, and credits of a particular financial year. But it is used to report these statements covered by the election by turning into an S corporation.

Form 1120C

Form 1120C is used by corporate associations to report all the gains, profits, deductions, losses, and credits incurred in the financial year. It is used to figure out the tax liability of a particular cooperative.

USB/ Features about the services

Fellow Tax is your financial buddy. If you have incorporated a company and are unable to understand the tax filing process, Fellow Tax is here for you. We will file the necessary forms for your corporation without any delay. If you have any queries or doubts regarding the form filing system, Fellow Tax experts are always available for you.