Corporate Tax and Form 1120

Key provisions for C corporations, from the corporate tax to reorganizations and loss limitations.

Key sections and concepts

Section 11

Corporate income tax

Imposes the federal income tax on corporations.

Section 59(k)

Corporate alternative minimum tax

Defines the applicable corporations subject to the CAMT.

Section 243

Dividends received deduction

Allows corporations a deduction for certain dividends received.

Section 301

Corporate distributions

Sets the treatment of property distributions to shareholders.

Section 302

Stock redemptions

Determines whether a redemption is a sale or a distribution.

Section 351

Transfers to a controlled corporation

Allows tax-deferred transfers to a corporation when control tests are met.

Section 368

Corporate reorganizations

Defines the tax-free reorganization types.

Section 382

NOL limitation after ownership change

Limits the use of losses following an ownership change.

Section 1202

Qualified small business stock

Excludes part of the gain on qualifying QSBS.

Section 4501

Stock repurchase excise tax

Imposes an excise tax on certain repurchases by covered corporations.

Section 6655

Corporate estimated tax

Imposes an addition to tax for underpaid corporate estimates.

Popular search topics

• Form 1120 instructions
• Schedule M-1 vs M-3
• common M-1 adjustments
• permanent vs temporary differences
• Schedule L balance sheet
• C corporation tax rate
• net operating loss rules
• Section 382 limitation
• QSBS exclusion
• tax-free reorganization
• corporate estimated tax
• deferred tax ASC 740

For general education only, not tax advice. Tax law changes often, so confirm current rules and amounts with primary sources.