C Corp Compliance 2025

C Corp Compliance 2025

A definitive guide to IRS reporting requirements, filing deadlines, and audit defense strategies for the modern C Corporation.

Executive Summary

Compliance for C Corporations is a high-stakes ecosystem. Beyond the annual Form 1120, corporations must navigate quarterly Estimated Tax Payments, strict Information Reporting (1099s), and complex international disclosures.

In 2025, the IRS is ramping up enforcement on High-Income/High-Wealth entities and using AI to target Transfer Pricing anomalies. "Set it and forget it" is no longer an option; proactive risk management is essential.

The Deadline

April 15: Form 1120 due. Extensions (Form 7004) give time to file, not to pay. Interest accrues immediately.

The Trigger

Audit Risks: Consecutive losses, large book-tax differences (Schedule M-3), and international payments without withholding.

The Mandate

E-Filing: Now required for businesses filing 10+ returns (aggregate of W-2s, 1099s, etc.). Paper filing is largely obsolete.

2025 Compliance Calendar

Date Filing / Payment Details
Jan 31 W-2s & 1099-NEC Strict deadline. Penalties apply per form for late filing.
Mar 15 S Corp Deadline Deadline for 1120-S (if not C Corp).
April 15 Form 1120 Due Primary C Corp Return. Payment of tax due.
April 15 Q1 Estimated Tax 25% of annual estimated liability.
Oct 15 Extended Return Final deadline if Form 7004 was filed.

IRS Audit Triggers (2024-2025 Trends)

The IRS is using data analytics to flag anomalies. Avoid these common red flags.

Consecutive Losses

Reporting losses for multiple years while operations continue can trigger a "Hobby Loss" or "Economic Substance" audit.

Transfer Pricing

Large payments to foreign affiliates (royalties, management fees) are scrutinized for profit shifting. Documentation is key.

Officer Compensation

Paying officers excessive salaries (to dump profits) or too little (to avoid payroll tax, though less common in C Corps) attracts attention.

Information Mismatch

If your 1120 revenue doesn't match the 1099-K / 1099-NEC forms filed by your clients, automated underreporter notices (CP2000) are sent.

Information Reporting (1099s)

Strict Deadlines

Missing the January 31 deadline for 1099-NEC carries automatic penalties that increase over time.

Required Filings

  • Form 1099-NEC: Non-employee compensation >= $600. Due Jan 31.
  • Form 1099-DIV: Dividends paid to shareholders >= $10. Due Jan 31 (to recipient).
  • Form 1099-INT: Interest paid on shareholder loans >= $10. Due Jan 31.
  • Form 5471/5472: International reporting. $25k penalty for failure to file.

Best Practices for Risk Management

Documentation Repository

Maintain organized workpapers for every line item on Form 1120. Keep receipts, invoices, and contracts for at least 7 years.

Automated Tax Engine

Use software to track fixed assets (depreciation), sales tax nexus, and 1099 recipients. Manual spreadsheets are error-prone.

Mock Audits

Conduct internal reviews of high-risk areas (R&D credits, meals & entertainment) before filing to catch errors early.

Interactive: Audit Risk Scorer

Evaluate your corporation's audit exposure based on key risk factors.

Risk Factors

Risk Assessment

IRS Audit Risk Level
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Select factors to assess.