How often is form 1120 required to be filed with the internal revenue service? A

Question

How often is form 1120 required to be filed with the internal revenue service? A) annually B) quartely C)only when the corporation reports a net profit D) Only when the corporation reports a net loss How often is form 1120 required to be filed with the internal revenue service? A) annually B) quartely C)only when the corporation reports a net profit D) Only when the corporation reports a net loss How often is form 1120 required to be filed with the internal revenue service? A) annually B) quartely C)only when the corporation reports a net profit D) Only when the corporation reports a net loss A) annually B) quartely C)only when the corporation reports a net profit D) Only when the corporation reports a net loss

Explanation / Answer

Form 1120 - U.S. Corporation Income Tax Return is the form used to report corporate income taxes to the IRS.

Unless exempt under section 501, all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income. Domestic corporations must file Form 1120, unless they are required, or elect to file a special return. See Special Returns for Certain Organizations below.

At a minimum, a corporation must file income taxes annually using Form 1120, which is the U.S. Corporation Income Tax Return. A corporation must file Form 1120 whether it has income to report or not.

hence The answer is A) annually

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