Category Archives: tax forms
Small Business Tax Questions: What Income Tax Return Should You File For Your LLC?
Do you own a limited liability company (LLC) and are wondering what form to use to file your business income tax return? This article will answer that question. First, here’s the short answer. Usually, an LLC files its annual federal … Continue reading
Posted in tax forms, tax questions
Leave a comment
Small Business Taxes – How to Get an Employer Identification Number (EIN)
Do you need an Employer Identification Number (EIN) for your small business? You may be required to get an EIN for any number of reasons, such as: 1. Hiring employees 2. Forming a corporation 3. Forming a partnership 4. Buying … Continue reading
Posted in payroll taxes, tax forms
Leave a comment
Self-Employed Tax Questions: What Tax Forms Are Needed For the Self-Employed?
Are you self-employed and need to know what tax forms you must file on your income tax return? Read on to find out. By “self-employed”, I am referring to a person who is compensated for selling goods and/or services as … Continue reading
Posted in tax forms, tax questions
Leave a comment
Self-Employed Tax Questions: What Federal Taxes Do I Have To Pay?
If you are running your small business or self-employment activity as a sole proprietorship, are you wondering what federal taxes you are required to pay? Read on to find out. Here’s an overview of the three most common types of … Continue reading
Posted in tax forms, tax payments, tax questions
Leave a comment
Why Using Schedule C-EZ May Be A Bad Idea
This week’s post is a warning to all sole proprietors. Specifically, are you a sole proprietor who files the shorter Schedule C-EZ rather than the traditional (and longer) Schedule C? If so, please read on to find out why you … Continue reading
Posted in tax forms, tax mistakes
Leave a comment
Critical Tax Forms for the Self-Employed
All Sole Proprietors must prepare Schedule C as part of their federal personal income tax return. But it’s likely that you can’t stop there. As the old saying goes – “That’s not all!” There’s a pretty good chance that by … Continue reading
Posted in tax forms
Leave a comment