The Small Business Tax Help Blog

Posts Tagged ‘llc’

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Question: If you own a small business, do you have to file two sets of tax returns?

I’m trying to start my own small business. I know that owning a business requires you to file quarterly tax returns, but my friend claims that in addition to Business Tax returns, you’re also required to file the regular annual personal tax return as well. Is this true or not?

Answer: You always have to file personal tax returns. If your business is a sole proprietorship, then you are your business. Consequently, you'll have only one tax return to file -- personal.

Be prudent when picking a tax preparer

Be prudent when picking a tax preparer

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