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  3. Taxes & Returns
  4. Are there different tax forms for different types of businesses?

Are there different tax forms for different types of businesses?

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  • H Offline
    H Offline
    Harper
    wrote on last edited by
    #1

    I am running a small business from last 2 months, so what kind of forms should i file for federal income taxes? One more thing, how can i tell the difference between forms for a sole proprietorship, partnership or corporation?

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    • K Offline
      K Offline
      Kaile
      wrote on last edited by
      #2

      The type of federal tax form you need to file will depend on your business structure. 

      • For Sole Proprietorship, File Schedule C (Form 1040).
      • For partnerships and companies, they must use particular forms, such as the Schedule K-1 and corporate tax return (Form 1120).

      In your case, I believe you are the owner, so proceed to file Schedule C (Form 1040).

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