Business Basics Resource Guide
Milt Wright & Associates
Resources Needed to Start Your Own Business Cont.
Forms
to File for Reporting These Taxes
Internal Revenue Service
http://www.irs.gov/index.html
Sole
Proprietor
Income tax (Form 1040 and Schedule C or C-EZ - Schedule
F for farm business - File a separate schedule for each
business.) Self-employment tax (Form 1040 and Schedule
SE) Estimated tax (Form 1040-ES)
Internal Revenue Service/Small Business &
Self-Employed
http://www.irs.gov/businesses/small/article/0,,id=100688,00.html
Employment Taxes
Social
security and Medicare taxes and income tax withholding
(Form 943 for farm employees, Form 941 for all others)
Federal unemployment (FUTA) tax (Form 940 or 940-EZ)
Depositing employment taxes (Form 8109 - Do not use
if you deposit taxes electronically.)
Excise taxes
Partnership
Annual return of income (Form 1065) Employment taxes
(Same as Sole Proprietor) Excise taxes
Partner
in a partnership (individual)
Income tax (Form 1040 and Schedule E3) Self-employment
tax (Form 1040 and Schedule SE) Estimated tax (Form
1040-ES)
Corporation
or S Corporation
Income tax (Form 1120 or 1120-A (corporation), Form
1120S(S corporation)) Estimated tax (Form 1120-W (corporation
only) and Form 8109 - Do not use if you deposit taxes
electronically.)
Employment taxes (Same as Sole Proprietor)
Excise taxes
S
corporation shareholder
Income tax (Form 1040 and Schedule E - Various other
schedules may be needed.) Employee Tax Requirements
*The Build WorkSource web site provides material on topics of interest to businesses. It is not intended as legal advice or to answer specific legal or employment problems. The information presented in the Build WorkSource web site is from many sources therefore there can be no warranty or responsibility as to the accuracy, originality or completeness. Build WorkSource is not engaged in rendering legal or other professional counsel.