Tax Staff Interview Questions and Answers

Form 1120 is used by corporations to report income, gains, losses, deductions, and credits.

• Form 1120 is the U.S. Corporation Income Tax Return

• It is used to report the income, gains, losses, deductions, and credits of a corporation

• There are different versions of Form 1120 depending on the type of corporation (e.g. Form 1120S for S corporations)

• Corporations must file Form 1120 annually