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TOWN OF DIGHTON PLANNING BOARD 979 SOMERSET AVENUE DIGHTON, MA 02715 Tel: (508) 6696431, Ext. 114 Fax: (508) 6694509Jeff CarvaU10, Chairman Daniel Higgins, Vice Chairman Christopher Cunha, Clerk Joseph

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What is s-c?

S-C refers to the S Corporation tax form (Form 1120S) used in the United States for reporting income, deductions, and credits of S Corporations.

Who is required to file s-c?

S Corporations that have elected to be taxed under Subchapter S of the Internal Revenue Code must file Form 1120S.

How to fill out s-c?

To fill out Form 1120S, the corporation must gather financial information, calculate income, deductions, and credits, and accurately complete the form by following the instructions provided by the IRS.

What is the purpose of s-c?

The purpose of the S-Corporation designation is to allow income to be passed through to shareholders to avoid double taxation, providing tax benefits for small businesses.

What information must be reported on s-c?

Form 1120S requires reporting of income, deductions, credits, shareholder information, and other relevant financial data of the S Corporation.

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