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McKinney Texas Form 1120-FSC: What You Should Know

The Texas Department of Revenue (DDR) requires that all corporations in the state file an annual corporate Tax Return, or Annual Corporate Tax Report. In Texas, the Annual Corporate Tax Report is due by April 15. The information on Form 1120 is found on page 13, column 2. The information on this page is also found on Texas corporate tax forms. Taxable Income — TX Department of Revenue Form Tax-1120-H — Texas Annual Corporate Tax Return TX Tax Commissioner's Form TAX-1120, Texas annual corporate tax return Exempt Organization (EO): A group that complies with the Texas Internal Revenue Code and whose exemption from tax is approved by the Secretary of State. The Texas Secretary of State may require that a group not be an EO for a specified period of time before the group can be exempted. Frequency of returns: Generally every 3-6 months, or as long as the individual is eligible to receive refunds in the regular due filing date, and as long as the individual has income, deductions, or credits taxable to the owner of record.

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