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A corporation generally files Form 1120 to report income, gains/losses, and deductions/credits, and to figure its tax liability, if any. Form 1120 is U.S. Corporation Income Tax Return. Form 1120 generally is due by the 15th day of the 3rd month after the end of its tax year, or after the date it dissolves. For example, a corporation with a tax year ending date of June 30 must file Form 1120 by September 15. If the 15th day of the required month falls on a weekend or a legal holiday, then the deadline is extended to the next business day.

For more information, go online at www.irs.gov/formspubs. Select Publication Number. Type 542 in the Find box to read/print Publication 542 (Corporations).

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Q: What federal tax form does a professional corporation file?
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