FEDERAL RETURN
Form 1120 preparation
We report the corporation’s income, expenses, gains, losses, deductions and credits using its books and supporting records.
Port Washington, New York
C corporation tax preparation.
Form 1120 and applicable New York corporate tax filings for established and growing businesses.
Form 1120 & corporate filings
A separate tax return for the corporation.
We prepare the federal C corporation return and identify applicable New York and other state corporate filings based on the company’s activity.
NEW YORK
Corporate franchise tax return
We review whether the corporation must file New York Form CT-3 and related schedules or returns.
OTHER STATES
Applicable state filings
We ask where the corporation operates, employs people, owns property and earns revenue to identify additional filing questions.
FINANCIAL RECORDS
A return built from complete books
We review the year-end financial statements and follow up on missing, unusual or unclear items before finalizing the return.
C corporation details
Corporate activity needs careful classification.
We review the records that commonly affect a C corporation return, including shareholder transactions, officer compensation, dividends, loans and major asset purchases.
We explain filing questions in plain English and can coordinate related individual tax preparation when an owner also needs a personal return.
Shareholder and officer activity
We compare wages, reimbursements, loans, contributions and distributions with the corporation’s books and supporting documents.
Dividends and retained earnings
We review distributions recorded during the year and information that may affect corporate and shareholder reporting.
Fixed assets and major purchases
We identify equipment, vehicles and other assets that may require depreciation reporting.
Common questions
C corporation tax questions, answered.
What should I prepare before the consultation?
Before your appointment, please upload the following through our secure client portal so we can prepare for the meeting.
- Your prior-year corporate tax return and recent financial reports.
- Information about shareholder transactions, ownership changes or notices relevant to your questions.
We will request any additional records needed for the work after you decide to proceed. If a listed item is unavailable, contact us before your appointment.
How are fees determined?
Fees depend on bookkeeping condition, transaction volume, shareholder activity, states, fixed assets and filing history. We review the scope before quoting the return.
What federal tax return does a C corporation file?
A domestic C corporation generally files Form 1120 to report its income, deductions, credits and federal income tax liability.
Does a New York C corporation file a separate state return?
A New York C corporation subject to the general business corporation franchise tax generally files Form CT-3. Other schedules, combined returns or the MTA surcharge may apply depending on the facts.
Is a C corporation return part of the owner’s personal return?
No. A C corporation is a separate federal taxpayer. An owner may still have personal reporting for wages, dividends or other transactions with the corporation. Personal returns are quoted separately.
What if the corporation had little or no activity?
A filing obligation may still exist. We review the entity’s status, prior filings and state activity before confirming the required returns.
What if the bookkeeping is behind?
We can discuss cleanup or catch-up bookkeeping first. That work is separate from tax preparation and will be quoted before we begin.
Let’s talk about your corporation.
C corporation tax preparation for Port Washington and nearby business owners.