If i get a separate tax id for my sole proprietorship, do I have to file a separate tax return in April?

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If i get a separate tax id for my sole proprietorship, do I have to file a separate tax return in April?

2007-08-20 14:27:32 · 4 answers · asked by Salami and Orange Juice 5 in Business & Finance ➔ Taxes ➔ United States

4 answers

You do not have to file a separate return. Your activity of your business is reflected on Schedule C of Form 1040. There is also a line to enter your federal id number for your business.

2007-08-20 14:34:47 · answer #1 · answered by IRENE THE BOOKIE 3 · 2⤊ 0⤋

No. A sole proprietor files Schedule C (and usually Schedule SE) with their Form 1040 to claim the income and business expenses. The fact that you have an EIN won't change how you file your return.

2007-08-21 05:06:20 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋

Yes - you need to file for each Tax ID

2007-08-20 21:34:35 · answer #3 · answered by JB 3 · 0⤊ 5⤋

yes

2007-08-20 21:33:39 · answer #4 · answered by Andrew 1 · 0⤊ 5⤋