Are there different tax forms for different types of businesses?

[Harper]

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?

[Kaile]

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).