Business Taxes
Your Trusted Partner for Business Tax Compliance and Planning
Taxation of Partnerships – Form 1065
A partnership is a business entity in which two or more individuals, corporations, or other entities engage in a trade or business together, sharing profits and losses. The IRS Form 1065, U.S. Return of Partnership Income, is a tax filing used to report the partnership’s income, gains, losses, deductions, and other items.
Our collection of blog posts and video tutorials cover a variety of Form 1065 tutorials as well as the many other schedules and forms that must be included with the tax filing.
View more articles here on Form 1065 tax return tutorials
Taxation of S Corps – Form 1120S
An S corporation is a type of corporation that is a pass-through entity for federal tax purposes. An S corporation combines the tax advantages of pass-through taxation and the limited liability protection of a corporation. These entities must file an annual Form 1120S, U.S. Income Tax Return for an S Corporation, by March 15th of each year. The tax return reports the financial activity of the entity which is ultimately passed through to the shareholders.
Our collection of blog posts and video tutorials cover a variety of Form 1120S tutorials as well as the many other schedules and forms that must be included with the tax filing.
View more articles on S corporation tax issues and filings.
Taxation of C Corporations – Form 1120
For federal tax purposes, a corporation is a legal entity that is separate and distinct from its owners and provides limited liability protection to its shareholders. A corporation is required to file an annual Form 1120 U.S. Corporation Income Tax Return to report its income, deductions, credits, and other tax items. A corporation is subject to double taxation on its net taxable income and dividend distributions to the shareholders.
Our collection of blog posts and video tutorials cover a variety of Form 1120 tutorials as well as the many other schedules and forms that must be included with the tax filing.
