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Form 1120

What is Form 1120?

Form 1120 is an IRS tax form used by corporations to report their income, gains, losses, deductions, credits, and to figure their income tax liability.

The information on Form 1120 helps the IRS ensure that corporations are paying the correct amount of income tax. It's a crucial part of a corporation's annual tax filing, and it's important to fill it out accurately and completely to avoid potential penalties.

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