Form 1120
C Corporation Tax Returns
Overview
C corporations in David's practice range from start-ups preparing for outside investment to established companies that have outgrown pass-through treatment and personal service corporations with a single owner. The return is more involved than a pass-through filing, and the planning matters more because the corporation and its owners are taxed separately.
David brings a background that fits: senior financial management at United Technologies Corporation and several start-ups, and years as a CPA at Ernst & Young and Arthur Andersen. He speaks the language of boards, investors and lenders as well as the IRS.
The engagement covers the federal return, the Texas franchise tax report, any other state filings, quarterly estimates, and a year-end planning conversation on compensation and distributions.
Who this is for
- Start-ups raising capital or issuing stock options
- Companies with retained earnings and reinvestment plans
- Personal service corporations
- Businesses with owners outside the United States
- Companies that need a CPA who has sat on the management side
What to bring
Documents David will ask for.
- Year-end financial statements or QuickBooks access
- Payroll reports and officer compensation detail
- Prior three years of returns for new clients, including state
- Articles of incorporation, bylaws, resolutions and buy-sell agreements for new clients
- Book and tax depreciation schedules
- The C corporation tax organizer, completed
Worksheets
Fillable organizers for this service.
Questions
C corporations: common questions.
It depends on how profits are used, who the owners are and where the company is going. David reviews the structure as part of an entity structuring engagement and gives you a straight answer.
Yes. Federal returns are handled remotely for clients anywhere in the country, and David prepares the state returns the company needs.
Free initial consultation
Talk to David about c corporations.
Tell David what you need, by phone, email or Zoom, and get a fixed-fee quote before any work begins. In person in Austin, remote anywhere.