The overall audit rate for 2019 C corporation Form 1120 tax returns was 0.4%, while C corps reporting $250 million or more in assets had a nearly 9% audit rate. The IRS wants to raise that 9% ...

Your tax return does not need to include this information. Tax-Exempt Interest Income - This is the taxpayer's share of tax-exempt interest. This amount will automatically pull into line 2a of Form ...

Filing required returns on time can help your LLC avoid fines and penalties. C corporations must file Form 1120, U.S. Corporation Income Tax Return annually. Corporations can determine their tax ...

A record-breaking tax collection year in 2024 has prompted stricter oversight and enforcement measures in 2025, as ...