turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

My company is a c corporation 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DDollar
Expert Alumni

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

5 Replies
DDollar
Expert Alumni

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.

 

 

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♥ ¸¸.•*¨*•♫♪

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.
DDollar
Expert Alumni

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...>

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

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies