Are you concerned about tax return preparation for this tax season?
Tax filing and income tax return season are quite nerve-racking for individuals as well as businesses. If you are one of them that are facing issue with tax preparation, then you need to check this presentation that gives you a complete overview of tax preparation.
Tax filing and income tax return season are quite nerve-racking for individuals as well as businesses. If you are one of them that are facing issue with tax preparation, then you need to check this presentation that gives you a complete overview of tax preparation.
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LIMITED LIABILITY COMPANY (LLC)
If you own 100% of the company, you file Schedule C. Depending on how
you want to present yourself, whether as C Corporation or S
Corporation, you can choose Form 1120 or 1120-S respectively.
S CORPORATION
The shareholders' report on their individual tax returns using their
different income tax rates. It can work like a partnership return using
Form 1065.
NONPROFIT ORGANIZATION
The organization files Form 990. An employee of a Nonprofit
Organization fills Form W-2.
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