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Tax Forms for Corporations

For informational purposes only, always consult your tax professional!

Your corporation will have to file separate taxes; a corporation will be viewed as a separate entity by the IRS and will pay taxes independently, so company earnings will be subjected to double taxation—one time at the company level, and another at the personal income level.

A Corporation pays FICA tax on salaries, compensation and bonus paid to shareholders.

• Form 1120 or 1120-A Corporation Income Tax Return
• Form 1120-W Estimated Tax return for the corporation
• Form 8109-B Deposit coupon
• Form 4625 Depreciation
• Employment Tax forms, for more information go to: www.irs.gov/businesses/small/article/0,,id=99194,00.html

Other forms needed for capital gains, sale of assets, etc.

Tax Rates on earnings:

• 0 to $50,000 15%
• $50,000 to $75,000 25%
• $75,000 to $100,000 34%
• $100,001 to $335,000 39%
• $335,000 to $10,000,000 34%
• $10,000,000 to $15,000,000 35%
• $15,000,000 to $18,333,333 38%
• Over $18,333,333 35%

The information may be out of date go to the IRS website for the most updated information or talk with your tax professional