C Corporation Tax Return Filing Requirements

 

A Regular C Corporation MUST file an income tax return using Form 1120, even if is has no income or tax due.

FORM 1120 NEW FILING DUE DATE

For tax years beginning after December 31, 2015, Form 1120 must be filed on or before  the 15^th day of the 4^th month following the close of the corporation's tax year (April 15 for calendar year corporations).

Form 7004 must be filed on or before the due date to request an automatic 6 month extension of time to file Form 1120.

 

DUE DATES FOR QUARTERLY ESTIMATED TAX PAYMENTS

A Regular C Corporation that anticipates a tax liability of $500 or more must estimate its taxes and make quarterly estimated tax payments.

The quarterly estimated tax payment due dates are the 15^th day of the 4^th, 6^th,9^th, and 12^th months of the tax year.

A Corporation that does not make quarterly estimated tax payments when due may be subject to an underpayment penalty for the period of underpayment.

 

This article was written by Donald M. Scherzi, CPA, CFP, LLC
Mike Lupo, SCORE Counselor
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