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Results for: Tax Preparation

yes, if you have an LLC you probably already have to file quarterly or as per your state's regulations. Regardless of the frequency even if you are making zero sales, zero expenses, etc. you need to report them as the files are due.

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The return is due March 15 for the previous year. Your S-corp doesn't pay taxes, it files a form 1120S informational return. The 1120S produces a form k-1 that states your share of the companies income and other items. You report that k-1 on Schedule E of your Form 1040 in April. You have to file...

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The IRS wants quarterly estimated tax payments based on an estimate of what the business will make that year. They want you to pay 100% of the previous year's tax over the course of 4 quarters or 90% of the current year's estimated income. However, since this is their first year in business and...

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A new C corporation formed within the U.S. must file a federal income tax return (Form 1120) on an annual basis. The corporation may have to file a state corporate income tax return depending upon the state of incorporation and from which state the corporation operates. Income tax filings are g...

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Yes. I will also add that you need to document what the funds are for: equity or debt. A lot people fund their companies with a personal loan to the company for tax reasons.

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