As a small business owner, your tax classification isn't set in stone. So if you want to be taxed as an S corp, you’ll have to fill out Form 2553.
The EFTPS is the fastest way for business owners to pay federal taxes. Learn how to enroll with this overview.
Do you use your home for business purposes? If so, you may be able to write off some of your home-related expenses.
If your business is a pass-through entity, you'll have to fill out a Schedule K-1. Here are step-by-step instructions to help you out.
If you’re self-employed and earned $400 or more over the tax year, there are usually two federal taxes you’ll need to pay: self-employment tax and income tax.
Form 8832 is the document LLCs send to the IRS to change their default tax classification. Most commonly, it’s used if you want your LLC to be taxed as a C corporation.
If your business is an S-corp or taxed as one, you'll have to file Form 1120S as your company's federal income tax return. Here's how to do it.