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TM Department of Finance 9.6 CLAIM FOR CREDIT APPLIED TO BUSINESS AND GENERAL CORPORATION TAXES 2015 ATTACH TO FORM NYC2, NYC2A, NYC3L OR NYC3A D R AF T 015 Use this form to claim: A. the Real Estate
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How to fill out and general corporation taxes

01
Gather all necessary financial documents such as income statements, balance sheets, and expense records.
02
Complete Form 1120, the U.S. Corporation Income Tax Return, by providing basic company information, income and deductions details, and calculating tax liability.
03
Submit any required schedules and forms along with the main tax return.
04
Pay the calculated tax amount by the due date or request an extension if needed.
05
Keep copies of all filed documents for future reference and auditing purposes.

Who needs and general corporation taxes?

01
Any business entity that is classified as a corporation for tax purposes is required to file a general corporation tax return.
02
This includes both domestic corporations and foreign corporations operating within the United States.
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Individuals and partnerships generally do not file general corporation tax returns.
04
It is advisable to consult with a tax professional or utilize tax software to determine specific filing requirements based on your company's structure and activities.
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General corporation taxes are taxes imposed on the profits earned by corporations.
Corporations that have earned income within a tax year are required to file and pay general corporation taxes.
General corporation taxes can be filled out by completing the appropriate tax forms provided by the tax authorities and submitting them along with any necessary documentation.
The purpose of general corporation taxes is to generate revenue for the government based on the profits of corporations.
Information such as gross revenue, expenses, deductions, and net income must be reported on general corporation taxes.
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