What is Form 1120 in the USA?

GD Posted by: Girish Desai
• 22 September, 2025
3 Reply

Form 1120 is a US corporation Income tax return. It is used by American corporations to report the deductions, credits, gains, losses, and income. This form helps the corporation to know how much tax it needs to pay according to the Internal Revenue Service (IRS). 

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  • Harsh Tiwari 25 September, 2025

    Who should file Form 1120? 

    • DM
      Devika Mishra 26 September, 2025

      Form 1120 is filed by the following entities. 

       

      • Farming corporations: The farming corporations must file Form 1120 to report their losses and gains, or income. 
      • Businesses that are taxed as corporations: The businesses that are taxed as corporations must file Form 8832 and attach a copy of the Form 1120. 
      • Foreign-owned domestic disregarded entities: If any foreign corporation or individual owns 100% of the domestic disregarded entities (DE), then the DE will be treated differently from the foreign owner, and the foreign individual or corporation must file Form 1120, and with that, they should also attach a completed Form 5472.  

       

  • Charvi Choudhary 23 September, 2025

    This form is used by American corporations to report their income, gains, and losses. 

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