taxation of C corporations

URI: https://gptkb.org/entity/taxation_of_C_corporations
GPTKB entity
Statements (24)
Predicate Object
gptkbp:instanceOf taxation topic
gptkbp:appliesTo C corporation
gptkbp:canCarryBackNetOperatingLosses false (post-2017)
gptkbp:canCarryForwardNetOperatingLosses true
gptkbp:canDeductBusinessExpenses true
gptkbp:dividendsNotDeductible true
gptkbp:dividendsTaxedToShareholders true
gptkbp:federalCorporateTaxRate 21%
gptkbp:filesTaxReturn gptkb:Form_1120
https://www.w3.org/2000/01/rdf-schema#label taxation of C corporations
gptkbp:subject double taxation
gptkbp:subjectToAccumulatedEarningsTax sometimes
gptkbp:subjectToAlternativeMinimumTax false (post-2017)
gptkbp:subjectToEstimatedTaxPayments true
gptkbp:subjectToIRSAudit true
gptkbp:subjectToPersonalHoldingCompanyTax sometimes
gptkbp:subjectToStateCorporateTax true
gptkbp:taxableIncomeIncludes gross income minus allowable deductions
gptkbp:taxedAtEntityLevel true
gptkbp:taxedAtShareholderLevel true
gptkbp:taxYearCanBeFiscalOrCalendar true
gptkbp:bfsParent gptkb:U.S._Internal_Revenue_Code
gptkb:Tax_Management_Portfolios
gptkbp:bfsLayer 8