As a unit owned by a sole proprietor is the business an entity that is subject to and could pay income tax?

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2007-10-30 04:55:09 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes

As a sole proprietor you do not have a seperate filing for the business. The income is reported on schedule C on your personal income tax return.

2007-10-30 05:13:31 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋

As a sole proprietor, there is no division between your business and your personal return. YOU will pay all income taxes personally.

2007-10-30 14:43:25 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 1⤋