03c – Taxability at Entity Level

Taxability at Entity Level

How certain entities handle their tax obligations

✅ C- Corporation
·        Files tax returns using Form 1120
·        Pays taxes directly at the entity level

✅ Tax-Exempt Non-Profit Organizations (NPOs)
·        Required to file returns using Form 990
·        Generally, not required to pay taxes if they maintain their tax-exempt status.