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SCHEDULE C (Form 1120). U. S. Treasury Department. Internal Revenue Service. UNITED STATES. SCHEDULE OF CAPITAL GAINS AND LOSSES.
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Form 1120 Schedule C is used to report income or loss from a business that is incorporated as a C corporation.
C corporations are required to file Form 1120 Schedule C if they have income or loss from a business.
Form 1120 Schedule C must be filled out by providing information about the business income, expenses, deductions, and credits.
The purpose of Form 1120 Schedule C is to report the income or loss from a business operated as a C corporation.
Information to be reported on Form 1120 Schedule C includes business income, expenses, deductions, and credits.
The deadline to file Form 1120 Schedule C in 2023 is the 15th day of the 3rd month after the end of the corporation's tax year.
The penalty for late filing of Form 1120 Schedule C is $205 for each month or part of a month the return is late, up to a maximum of 12 months.
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