This guide is based on scientific. research on reading and reading instruction, as well as on studies of successful. schools and interviews with successful principals. The most important goal of reading instruction in elementary school is to. help students acquire the skills and knowledge they need to read grade-level.
C Corporations and S Corporations. C corporation and S corporation business owners are required to file their income tax returns on the 15th day of the third month after the end of the tax year. For calendar-year corporations, the return is due by March 15.
The profit of a corporation is taxed to the corporation when earned, and then is taxed to the shareholders when distributed as dividends. This creates a double tax. The corporation does not get a tax deduction when it distributes dividends to shareholders. Shareholders cannot deduct any loss of the corporation. If you are a C corporation, use the information in the chart below to help you determine some of the forms you may be required to file. Corporations that have assets of $10 million or more and file at least 250 returns annually are required to electronically file their Forms 1120 and 1120S for tax years ending on or after December 31, 2007.