Guide to Filing Form 1120 for C Corporations: A Step-by-Step Breakdown
Enter dividends received from wholly owned foreign subsidiaries that are eligible for the 100% deduction under section 245(b). See the instructions for Schedule K, Item 11 for information on making the election to waive the carryback period. The corporation’s taxable income cannot be less than the largest of the following amounts. Generally, the corporation cannot […]