If you live in the US, this step-by-step guide will help you file small business taxes well before they’re due. What are the most common small business taxes? Your business type determines which taxes you need to pay. Sole proprietors have different federal taxes than corporations with em...
How to file business taxes When you file a federal income tax return for your small business, the way that you do it depends on how you’ve structured the business. If you run it as a Sole proprietorship or single-member limited liability company (LLC), you’ll typically report all of ...
Filing taxes for your business can be overwhelming and you might need a bit more time. Luckily, the IRS allows for both individual and business tax extension. This will give your business more time to file their tax returns. Keep in mind that the due dates for business tax extensions are ...
Although you pay taxes on your total income regardless of its source, the IRS still wants to know about theprofitabilityof your LLC business. To show whether you have a profit or loss from your LLC, you must file IRS Schedule C,Profit or Loss From Business, with your personal tax return...
Filing your taxes online can seem daunting, but with a little organization and preparation, you can file on time and with accuracy.
Tax Day in the United States typically falls on April 15th, but if the statutory due date is on a holiday or weekend, federal income tax returns and payments are due the next business day. The deadline to file your taxes this year is on April 15th, 2025, but you’re also able to ...
FreeTaxUSA provides a strong option for filing your federal income taxes at no cost. The tax preparation software owned by TaxHawk gives you one free federal return that includes all the IRS forms and schedules that most tax filers need. But you’ll need to pay $15 to file your state re...
15 to file your return for the latest tax year. As with the regular deadline, the extended deadline moves to the following business day if it falls on a Saturday, Sunday or legal holiday. Note that even if you get an extension, any taxes owed are still due on April 15. You need ...
How to file your taxes for free Direct File In 2023, the IRS launchedDirect File, a free online program for filing a federal tax return directly with the agency. For tax year 2024, Direct File is open to qualified taxpayers in 24 states: Alaska, Arizona, California, Connecticut, Florida,...
WorkingPoint, we’re dedicated to helping you keep more of your hard-earned money where it belongs: with you. Let us know if you have any questions, and as always, feel free to post additional comments to help others within the WorkingPoint community navigate their business taxes this year...