What are the tax liabilities for a C-Corp?

A Subchapter C Corporation is a specific type of business entity under the laws of the United States. Being a corporation, it exists as an entity independent of its owners, whose ownership comes in the form of shares of stock and must pay income taxes on the corporate level. To calculate the tax liability of a Subchapter C Corporation, you must take a number of issues into consideration:

• • the business's total revenue
  • total non-capital business expenses for the tax period.
  • total capital business expenses