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New Member

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

My company is a c corporation 

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New Member

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

If your company is a C Corp (filing Form 1120) it does not matter whether you file your business return or personal return first.  If, on the other hand, you were an S Corp (filing a Form 1120-S) or a partnership (filing Form 1065), you would need to file your business return(s) first.  That's because an S Corp and a Partnership return generates Form K-1s that are needed by the shareholders/partners in order to prepare and file their personal returns.

 

[Edited 03-26-2020]

The 2019 filing deadline for Form 1120 has been delayed until July 15, 2020.

 

 

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New Member

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

If your company is a C Corp (filing Form 1120) it does not matter whether you file your business return or personal return first.  If, on the other hand, you were an S Corp (filing a Form 1120-S) or a partnership (filing Form 1065), you would need to file your business return(s) first.  That's because an S Corp and a Partnership return generates Form K-1s that are needed by the shareholders/partners in order to prepare and file their personal returns.

 

[Edited 03-26-2020]

The 2019 filing deadline for Form 1120 has been delayed until July 15, 2020.

 

 

View solution in original post

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Level 12

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

And remember, corporation tax returns are due March 15th, not April 15th like personal returns...so be sure you don't file that C-Corp late!
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
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Level 7

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

@Lisa995   Hasn't the due date for C-corporations changed to April?  I know S-corporations are March, but I think C-corporations are April.
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New Member

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

C Corporations are April 15.  <a rel="nofollow" target="_blank" href="https://www.aicpa.org/interestareas/tax/resources/compliance/downloadabledocuments/due-dates-summary...>
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Level 12

Do i file my 2017 1120 business taxes first or do i file my personal taxes first

My mistake!
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪