Last month, the IRS announced that effective for tax years beginning after December 31, 2006, the U.S. Corporation Short-Form Income Tax Return, Form 1120-A, can no longer be filed. For the 2007 tax year, all domestic corporations must file Form 1120, U.S. Corporation Income Tax Return unless required to file a special return.
For this and other tax issues, call Mitchell A. Port at 310.559.5259.