Irs Form 1120
/ˌaɪˌɑːrˈɛs fɔːrm wʌnˌwʌnˈtwɛnti/
Definitions
- (n.) The U.S. Internal Revenue Service tax form used by corporations to report income, gains, losses, deductions, credits, and to calculate their federal income tax liability.
Corporations file IRS Form 1120 annually to comply with federal tax requirements.
Forms
- irs form 1120
Related terms
See also
Commentary
Typically prepared by corporate accountants or tax professionals, accuracy in completing IRS Form 1120 is critical to avoid penalties and ensure correct tax treatment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.