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Differences Between Form 1120 and 1120-S Form 1120-S is filed by S Corps for federal taxes, while Form 1120 is filed by C Corps for taxes. S Corps and C Corps are both classified as corporations; however, they have several differences and offer different advantages and disadvantages to business owners.
For example, S corporations do not need to file Form 1120. S corporations are classified by the IRS as corporations that pass their corporate income through to shareholders (for tax purposes). The shareholders then report this income or loss on their personal tax returns. S corporations must use Form 2553 instead.
You can download Form 1120S directly from the IRS website. Or if you use tax software, you can find it there too.
If the LLC is a corporation, normal corporate tax rules will apply to the LLC and it should file a Form 1120, U.S. Corporation Income Tax Return.
Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.

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Request a copy of a tax return from the IRS Taxpayers can request a copy of a tax return by completing and mailing Form 4506 to the IRS address listed on the form. There's a $43 fee for each copy and these are available for the current tax year and up to seven years prior.
Use Form 4506, Request for Copy of Tax Return, to request copies of tax returns. Automated transcript request. You can quickly request transcripts by using our automated self-help service tools. Please visit us at IRS.gov and click on \u201cGet a Tax Transcript...\u201d under \u201cTools\u201d or call 1-800-908-9946.
3:17 26:01 IRS Form 1120-S Line-by-Line Instructions 2022 - YouTube YouTube Start of suggested clip End of suggested clip So the date you you became an s corporation. The date your business was incorporated. Your businessMoreSo the date you you became an s corporation. The date your business was incorporated. Your business activity. Code your employer identification over your ein. The number of shareholders.
The business is its own entity, and you as the owner are the sole shareholder and an employee. That division, however, comes with operational costs. To create an S corporation, you have to file articles of incorporation with the state, appoint officers and create bylaws for the business.
Both C and S corporations must file a federal income tax return. C corporations use Form 1120 to calculate their taxes due. S corporations use Form 1120S as an information return.

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