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TaxAct Online 2020 Business 1120

Easy Guidance & Tools for C Corporation Tax Returns

Maximize your deductions and save time with various imports & reports

Extended Access to Your Return

With 1 year of online return access and 6 years of PDF access, it's easy to print copies and plan for next year.

Answer easy interview questions, let TaxAct do the rest for you

Answer simple, plain-English questions and TaxAct automatically calculates and enters your data into the appropriate tax forms.

Step-by-step guidance to maximize business deductions

TaxAct walks you through a broad range of business expenses to help you accurately report and maximize your deductions.

Free IRS e-file for fast, accurate return filing & confirmation

E-file for free and get notification via email and/or text as soon as your return has been processed by the IRS.

Import last year’s return & fast data entry tools

Save time and minimize data entry errors by importing key data from last year’s TaxAct return. Plus, enter data directly into forms or use quick entry methods for M-3, 4562, K-1, and Schedule L information.

Accounting Records Import

Easily import your Trial Balance Reports in CSV format from accounting software. Once imported, make any necessary adjustments and TaxAct will transfer to the appropriate lines.

Unlimited free support

Never get stumped by a tax question. Search for the fastest answers in the Answer Center, or contact us for free account & technical support when you need it.

Capital Gains Summary

Capital gains can be confusing, especially as your portfolio grows, and keeping track of all your transactions can be taxing. TaxAct's Capital Gains Summary makes comparing your short and long-term brokerage statement to your tax return fast and easy.

Depreciation and Disposal Summaries

Don't miss any valuable deductions! Easily and quickly review your current, future, and accumulated assets. Depreciation reports include fiscal and short-year calculations.

Reconciliation of income

TaxAct’s list of book to tax differences helps reconcile book income for completing Schedule M-1.

TaxTutor Guidance

Get easy-to-follow, expert tax tips and strategies, including the biggest money-saving deductions, explanations of complex tax laws changes, and pitfalls to avoid.

TaxAct Alerts

Steer clear of problems. TaxAct Alerts meticulously inspects your return for any errors, omissions, and valuable tax-saving opportunities you may have missed.

Prior Year Comparison Report

Finds possible errors resulting from incorrect entries or overlooked information by comparing this year’s return to last year's data.

My Forms

Get a personalized view of the forms and schedules included in your return. Easily add copies of needed documents and view your in-progress forms.

Loan & savings calculators

Effortlessly compute loan payments or the future value of savings deposits, then print amortization and accumulation schedules.

Multiple occurrences of supporting forms

TaxAct allows you to enter multiple copies of many forms.

Custom return printing

Print individual forms or multiple copies of your return.

Bookmarks

Navigate your return on your terms. Simply Bookmark a question to return to it at any time.

Answer a few questions for your state return, let TaxAct do the rest

As you enter your federal information, TaxAct automatically calculates and enters your data into your state tax forms. Finish and file your state return in minutes!

Editions for all 1120 States

TaxAct supports every state that requires Form 1120 C Corporation income tax returns.

Free e-file for fast, accurate return filing & confirmation

E-file for free and get notification via email and/or text as soon as your return has been processed by the state.

My Forms

Easily view and navigate to specific forms in your return.

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Windows Versions

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  • Internet Explorer 11 Internet Explorer 11
  • Microsoft Edge logo Microsoft Edge
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  • Firefox Firefox Latest Version
  • Internet Explorer 11 Internet Explorer 11

After January 14, 2020, Microsoft will no longer provide security updates or support for PCs running Windows 7. For the best experience and security of your data, you will need to update your system to Windows 8.1 or 10.

Mac OS

Mac OS Versions

  • Chrome Chrome Latest Version
  • Firefox Firefox Latest Version
  • Safari Safari 13.0 or higher

Applies to online products only, download products are not available for Mac OS.

Tax Forms, Schedules and Worksheets
Form 1120 US Corporation Income Tax Return
Form 1120H US Income Tax Return for Homeowners Associations
Form 1120W Estimated Tax for Corporations
Form 1120X Amended US Corporation Income Tax Return
Schedule B Additional Information for Schedule M3 Filers
Schedule D Capital Gains and Losses
Schedule G Information on Certain Persons Owning the Corporations Voting Stock
Schedule M3 Net Income or Loss Reconciliation for Corporations with Total Assets of 10 Million or More
Schedule N Foreign Operations of US Corporations
Schedule O Consent Plan and Apportionment Schedule for a Controlled Group
Schedule PH US Personal Holding Company PHC Tax
Schedule UTP Uncertain Tax Position Statement
Form 1125A Cost of Goods Sold
Form 1125E Compensation of Officers
Form 1139 Corporation Application for Tentative Refund
Form 2220 Underpayment of Estimated Tax by Corporations
Form 2553 Election by a Small Business Corporation
Form 2848 Power of Attorney and Declaration of Representative
Form 3115 Application for Change in Accounting Method
Form 3468 Investment Credit
Form 3800 General Business Credit
Form 4136 Credit for Federal Tax Paid on Fuels
Form 4562 Depreciation and Amortization Including Information on Listed Property
Form 4684 Casualties and Thefts
Form 4797 Sales of Business Property
Form 5471 Information Return of US Persons With Respect to Certain Foreign Corporations
Form 5472 Information Return of a 25 percent Foreign Owned US Corporation or a Foreign Corporation Engaged in a US Trade or Business
Form 5884 Work Opportunity Credit
Form 6198 At Risk Limitations
Form 6252 Installment Sale Income
Form 6478 Biofuel Producers Credit
Form 6765 Credit for Increasing Research Activities
Form 6781 Gains and Losses From Section 1256 Contracts and Straddles
Form 7004 Application for Automatic Extension of Time to File Certain Business Income Tax Information and Other Returns
Form 8050 Direct Deposit of Corporate Tax Refund
Form 8283 Noncash Charitable Contributions
Form 8453C US Corporation Income Tax Declaration for an IRS efile Return
Form 8586 Income Housing Credit
Form 8594 Asset Acquisition Statement Under Section 1060
Form 8609A Annual Statement for Low Income Housing Credit
Form 8716 Election to Have a Tax Year Other Than a Required Tax Year
Form 8810 Corporate Passive Activity Loss and Credit Limitations
Form 8822B Change of Address or Responsible Party for Business
Form 8824 Like Kind Exchanges
Form 8826 Disabled Access Credit
Form 8827 Credit for Prior Year Minimum Tax for Corporations
Form 8832 Entity Classification Election
Form 8835 Renewable Electricity Refined Coal and Indian Coal Production Credit
Form 8844 Empowerment Zone Employment Credit
Form 8845 Indian Employment Credit
Form 8846 Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
Form 8878A IRS efile Electronic Funds Withdrawal Authorization for Form 7004
Form 8879C IRS efile Signature Authorization for Form 1120
Form 8881 Credit for Small Employer Pension Plan Startup Costs
Form 8903 Domestic Production Activities Deduction
Form 8910 Alternative Motor Vehicle Credit
Form 8916A Supplemental Attachment to Schedule M3
Form 8938 Statement of Specified Foreign Financial Assets
Form 8941 Credit for Small Employer Health Insurance Premiums
Form 8949 Sales and Other Dispositions of Capital Assets
Form 8990 Limitation on Business Interest Expense Under Section 163j
Form 8997 Initial and Annual Statement of Qualified Opportunity Fund QOF Investments
Form 965 Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System
Form 966 Corporate Dissolution or Liquidation
Form 982 Reduction of Tax Attributes Due to Discharge of Indebtedness and Section 1082 Basis Adjustment
*Offer Details & Disclosures

TaxAct Costs Less: “20% less” or “File for less” claim based on comparison with TurboTax federal pricing for paid consumer online 1040 filing products on 3/12/2021. “$15 less” claim based on comparison with TurboTax federal pricing for paid consumer online 1040 filing products on 3/29/2021.

$100k Accuracy Guarantee: If you pay an IRS or state penalty or interest because of a TaxAct calculation error, we'll pay you the difference in the refund or liability up to $100,000. This guarantee applies only to errors contained in our software; it doesn't apply to errors the customer makes. It also only applies to returns that are e-filed by taxpayers preparing their own tax returns using TaxAct's Consumer 1040 products (those located at http://www.taxact.com/taxes-online). Find out more about our $100k Accuracy Guarantee .

Maximum Refund Guarantee: If an error in our software causes you to receive a smaller refund or larger tax liability than you receive using the same data with another tax preparation product, we will pay you the difference in the refund or liability up to $100,000 and refund the applicable software fees you paid us. This guarantee only applies to returns that are e-filed by taxpayers preparing their own tax returns using our Consumer 1040 products (those located at http://www.taxact.com/taxes-online).

Satisfaction Guarantee: If you are not 100% satisfied with any TaxAct product, you may stop using the product prior to printing and/or filing your return. We are unable to refund fees after you print or e-file your return.

TaxAct Xpert Help: Available to certain users of TaxAct's online, consumer 1040 product for an additional charge. Service hours limited to designated scheduling times and by expert availability. Some tax topics or situations may not be included as part of this service. View full TaxAct Xpert Help Terms and Conditions

Start Free and File Free: The TaxAct Online Free Edition makes free federal filing available for simple returns only. Not everyone has a simple return. Find out if you have a simple return and more about what this year’s Free Edition includes. For all other products, you can start free and pay only when you file. This means you will not be charged if you decide to stop using any product prior to printing or e-filing.

Edition Pricing: Actual prices are determined at the time of payment, print or e-file and are subject to change without notice. Add sales tax for applicable orders. Offers may end at any time and promotional offers may not be combined.

All-Inclusive: All-Inclusive is a collection of select products and services that may be used to enhance your DIY tax preparation and filing experience. This offer does not include Xpert Help, additional state(s), or a tax professional preparing a return on your behalf. 50% savings based on a la carte pricing. Final price, including added sales taxes, is determined at the time of filing and subject to change.

Deduction Maximizer: TaxAct's Deduction Maximizer guides you step by step through the process of completing your return in a way that helps you uncover additional tax advantages, and helps you maximize your deductions by checking dozens of additional deductions we know from experience folks don't think to look for. Each deduction you claim may reduce the amount of tax you owe, resulting in a lower IRS bill overall.

My TaxPlan™: Your customized My TaxPlanTM features potential refund-growing opportunities and easy-to-follow instructions based on information you provide for your current tax return. Refund boost claimed in advertising calculated using recent IRS statistics and trade press regarding contributions to retirement accounts. We will highlight other potential savings, too, so your refund boost could be bigger.

Import: TaxAct can import the data you filed last year with us or your return from PDF files of 1040 returns prepared by many but not all tax prep software solutions.

Refund Transfer: Refund Transfer is a fee-based product offered by Republic Bank & Trust Company, member FDIC. A Refund Transfer Fee and all other authorized amounts will be deducted from the taxpayer's tax refund.

See Audit Defense provided by Tax Protection Plus for further details of services and requirements. May not apply to certain forms and credits. Certain customers may not qualify for services based on past tax audit history, residency or other factors. Audit Defense is not insurance. Audit Defense is subject to terms and conditions located on Tax Protection Plus's website.

Refer-A-Friend: For each friend you refer to TaxAct who did not file with us last year, you get a $20 Amazon.com Gift Card after they complete their taxes using TaxAct’s 2020 Deluxe, Premier or Self Employed product. Even better, they get 20% off our federal tax filing products by using the share link you provide! It’s not every day you get to be somebody’s hero and make money doing it.

Amazon.com is not a sponsor of this promotion. Except as required by law, Amazon.com Gift Cards ("GCs") cannot be transferred for value or redeemed for cash. GCs may be used only for purchases of eligible goods at Amazon.com or certain of its affiliated websites. For complete terms and conditions, see www.amazon.com/gc-legal. GCs are issued by ACI Gift Cards, Inc., a Washington corporation. All Amazon ®, TM & © are IP of Amazon.com, Inc. or its affiliates. No expiration date or service fees.

This offer is subject to specific terms and conditions. Offer is subject to change. The value of your gift card is dependent on the offer available at the time you make the referral.

Over 80 Million Returns Filed: Based on e-filed federal returns through TaxAct Consumer and TaxAct Professional software since 2000.

Quick Start Options: Quick start options include PDF import, prior year import, and W-2 photo capture. To import your prior year return, you must either have a PDF copy of a return available or have filed your return the previous year with TaxAct. To capture your W-2 with a camera with your phone, you must be able to download and install TaxAct's mobile app and grant it the necessary camera and image privileges. To ensure accuracy, we will ask you to review any information we're able to import (either through PDF import, prior year import, or W-2 photo capture) and review it for accuracy. These quick start options save time by not requiring you to enter some of your information manually.

Most Popular: TaxAct Deluxe is our most popular product among our online customers with more complex tax situations.

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