A "C" Corporation will need to file a separate tax return for the entity only (Form 1120). Therefore, it will be a separate return from your personal income tax return. TurboTax Business is the software to use to create C Corporation tax returns.
C Corporations are not "pass through" entities, so the corporation will pay the income tax due every year. Shareholders will need to report dividends received in the future on their personal income tax returns.
Per the IRS, unless your corporation is exempt under section 501, all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income.
TurboTax BusinessA "C" Corporation will need to file a separate tax return for the entity only (Form 1120). Therefore, it will be a separate return from your personal income tax return. TurboTax Business is the software to use to create C Corporation tax returns.
C Corporations are not "pass through" entities, so the corporation will pay the income tax due every year. Shareholders will need to report dividends received in the future on their personal income tax returns.
Per the IRS, unless your corporation is exempt under section 501, all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income.
TurboTax Business