Corporations are responsible for filing annual income tax returns. Corporations have different filing requirements and income tax rates than individuals. Eligible corporations can elect S corporation status which affords them special tax status.
The IRS can impose severe monetary penalties when corporate tax requirements are not met, or for misstatements on corporate tax returns. An experienced tax attorney can guide you to ensure you are complying with corporate tax requirements. Additionally, if the IRS is auditing your corporate tax return, an attorney can protect your rights and get you the best results.