What is the difference between form 1120 and form 1120S? Google them both and examine them.

2. In what way is Form 1120S fundamentally different from Form other tax returns such as Form 1040 and Form 1120?  Please do not repeat your answer to question 1, though this question is related to 1.

 

3. Note and comment on two meaningful similarities between 1120 and 1120S

1. Similarity 1

 

1. Similarity 2

 

4. Note and comment on two meaningful differences between 1120 and 1120S

1. Difference 1

 

1. Difference 2

5. Comment on what you have learned. 

Answer rating: 100% (QA)

Difference between Form 1120 and Form 1120S Form 1120 Form 1120 is the US Corporation Income Tax Return It is used by C corporations which are traditional corporations that are taxed separately from t... View the full answer