A C-Corp is considered to be a separately taxable entity. The C-Corp must complete and file it's own physically separate tax return on IRS Form 1120. The C-Corp will then issue each individual owner a tax reporting document such as a W-2 (if they are an employee of the corporation), a 1099-DIV if they are a shareholder, and a few other possibilities, which each individual owner will *REQUIRE* in order to complete their own personal 1040 tax return.
You can not use any of the personal versions of TurboTax for this. You must use TurboTax Business which is completely different from Home & Business.
Turbotax Business is not available as an online product or for MACs. TurboTax Business is for the WIndows operating system only.
Since it seems quite apparent that you really don't know how this stuff works (it's not like you learn it through osmosis) I *HIGHLY* advise you to seek professional help yesterday if not sooner. The late filing fees for a C-Corp *ARE* *EXPENSIVE* at $200 for each month it's late *PER* *OWNER*.
So with four owners if that 1120 isn't filed *AND ACCEPTED* by the IRS by Jun 15, the late filing penalty will be $800. Wait until after July 15th and it's $1600. Makes the cost of professional help a pittance in comparison.
Please seek professional help on this for at least your first year of owning/operating a C-Corp.
