I am helping a friend with some homework. The assignment is to create a business plan and create and fill out tax forms for that business. What are some of the things that we should consider?
2007-10-11 02:11:23 · 3 answers · asked by moonguardianluna 3 in Business & Finance ➔ Taxes ➔ United States
SS-4 application for a federal identification number (FEIN)
Tax return form depends on the type of entity.
Search irs.gov for new business, business taxes, business expenses
2007-10-11 02:15:26 · answer #1 · answered by hirebookkeeper 6 · 0⤊ 0⤋
Depends upon the type of business. If it's a sole proprietorship or single-member LLC, attach Schedule C and Schedule SE to your Form 1040 return. If it's a partnership or multi-member LLC, prepare a Form 1065 partnership return. If it's a corporation, file Form 1120.
2007-10-11 02:34:10 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Do you record your very own tax returns? truthfully truthfully everyone can study the form instructions and attempt to record a form, the question is in spite of in case you wind up doing it wisely. Bookkeeping is hugely distinctive that expertise and utilising the tax regulations surrounding a foreign places business enterprise, controlled or otherwise, and in case you go incorrect, the flair effects may well be severe. are you able to do it without professional advice... possibly. could desire to you? possibly no longer.
2016-12-18 04:37:01 · answer #3 · answered by lemanski 4 · 0⤊ 0⤋