A corporate tax return is a final document that summarizes all of your company’s financial transactions for a given year. If you are interested in filing your corporate tax return with the IRS, there are three things to know about this process before beginning:
1) Corporate tax returns cannot be filed until 12 months after the end of the company’s accounting period or December 31st if it ends on any other date.
2) The form should be submitted electronically through e-file at irs.gov. It will need to include account information from each bank where money was deposited during the reporting period, as well as copies of all W-2s and 1099s.
3) You can find instructions and forms on the IRS website.
Even if your business is not required to file a corporate tax return, it may be in your best interest to do so anyway. Many companies find that filing a corporate tax return can help reduce their overall tax burden and help keep track of all the company’s financial transactions throughout the year.
