Form 1120-FSC

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Form 1120-FSC

A tax return for the income of a foreign sales corporation. A foreign sales corporation files Form 1120-FSC to report its revenue, expenses, and profits or losses. It also uses Form 1120-FSC to claim deductions and credits, which is especially important in the United States because corporate tax rates historically have been high compared to other countries.
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6) Form 1120FSC returns are not expected after CY 2003 due to legislative changes.