Llc IRS Forms
May 7th, 2006
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Question: should i file my business and personal income taxes seperately for the irs?
i had a regular job the first part of the year, so there are regular 1040ez taxes to be filed as usual. but also i started a small home based LLC late in the year. the business hasn’t made much money yet, but there are already alot of materials, expenses, etc to write off for 2007…..i was told that my business was small enough to use the regular forms for income tax but i could use some advice……thanks!
Answer: Do not use form 1040ez. Because you have stated a business in 2007 you need to do the following:
File a form 1040 (Not a 1040 a or 1040ez)
Do a schedule for your business income and expenses
Do a form for self-employment tax
Do you job and business income together, not separately for the IRS. Do it separately will only make you do a 1040x. This is an amended return to change or add any information for a already file IRS return.
E-file, free file and other electronic options for 2010
Most taxpayers and tax preparers this year will use IRS e-file to file their federal tax returns or get extensions of time to file. During this process, they will not have to send a single scrap of paper to the Internal Revenue Service.
Get a Break Courtesy of the IRS – Prepare and e-File Your Ta
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