Taxes
Q: How Do I Fill Out Form 2553?
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.
Q: How Do I Use the Electronic Federal Tax Payment System (EFTPS)?
The EFTPS is the fastest way for business owners to pay federal taxes. Learn how to enroll with this overview.
Q: How Exactly Do I Claim the Home Office Deduction?
Do you use your home for business purposes? If so, you may be able to write off some of your home-related expenses.
Q: How Do I Fill Out a Schedule K-1?
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.
Q: What Taxes Do I Pay If I’m Self-Employed?
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.
Q: What Do LLCs Need to Know About Form 8832?
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.
Q: How Do I Fill Out Form 1120S?
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.
Q: Small Business Tax Guide for Business Owners
Small business taxes—it’s a little too easy to shove them to the bottom of your to-do list. You don’t always...
Q: How Are Sole Proprietorships Taxed?
If you’re a sole proprietorship, your business taxes and personal taxes are treated as one. That’s because a sole proprietorship...
Q: What Is Taxable Income?
So it’s tax season, and you’re trying to figure out how much tax you owe this year. You may be...