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C corporations pay their own corporate level tax on form 1120. Use this form to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation. Save time and minimize data entry errors by importing key data from last year’s taxact return. Web $ 124 95 + state additional start for free c corporations form 1120 for the most prevalent type of corporations, we’ll help maximize deductions & file your form 1120.