Small Business organizers
Our Business Organizers will help us gather and update information about your small business.
Please fill out an organizer and bring it with you for your tax appointment.
Click here for Business Organizer
If you pay and individual more than $600 for the year please fill out the 1099 Organizer provided below.
Click here for 1099 Organizer
Which business entity are you?
There are five major business entities for small business:
C-Corporations: A C-Corporation can have an unlimited amount of shareholders. Unlike an S-Corporation, the C-Corporation, itself pays federal, state, and local taxes. The C-Corporation files form 1120.
S-Corporations: An S-Corporation can have one or more shareholders, but less than 100. In contrast to a C-Corporation, the S-Corp is a "pass through" entity meaning that the profit or loss from the business is passed to its shareholders. The corporations shareholder's pay tax on their portion of income on their personal returns. Form k-1, which summarizes the shareholder's portion of income/loss is issued by the corporation to the shareholder. The S-Corporation files form 1120S.
Partnership: A Partnership is business with two or more partners. Like an S-Corp, the profit or loss is passed to the partner via form k-1. The partner files his or her portion of the income/loss on the personal return. Partnerships file form 1065.
LLC: The LLC has elements of a partnership and S-Corporation. The LLC is formed to protect its members from liability issues. If the LLC has a single member, it is treated as a Sole Proprietorship for tax purposes. If there are two or more members, it can be treated as a partnership for tax purposes. LLC's can also make an election to be taxed as an S-Corp or C-Corp.
Sole Proprietorship: This is a business owned by one person and is the most simple business entity to form. The Sole Proprietor pays taxes for the business on their personal return. A Schedule C, profit or loss from a business, is filed with form 1040, individual income tax return.
Click here for Sole Proprietorship Organizer
Please fill out an organizer and bring it with you for your tax appointment.
Click here for Business Organizer
If you pay and individual more than $600 for the year please fill out the 1099 Organizer provided below.
Click here for 1099 Organizer
Which business entity are you?
There are five major business entities for small business:
C-Corporations: A C-Corporation can have an unlimited amount of shareholders. Unlike an S-Corporation, the C-Corporation, itself pays federal, state, and local taxes. The C-Corporation files form 1120.
S-Corporations: An S-Corporation can have one or more shareholders, but less than 100. In contrast to a C-Corporation, the S-Corp is a "pass through" entity meaning that the profit or loss from the business is passed to its shareholders. The corporations shareholder's pay tax on their portion of income on their personal returns. Form k-1, which summarizes the shareholder's portion of income/loss is issued by the corporation to the shareholder. The S-Corporation files form 1120S.
Partnership: A Partnership is business with two or more partners. Like an S-Corp, the profit or loss is passed to the partner via form k-1. The partner files his or her portion of the income/loss on the personal return. Partnerships file form 1065.
LLC: The LLC has elements of a partnership and S-Corporation. The LLC is formed to protect its members from liability issues. If the LLC has a single member, it is treated as a Sole Proprietorship for tax purposes. If there are two or more members, it can be treated as a partnership for tax purposes. LLC's can also make an election to be taxed as an S-Corp or C-Corp.
Sole Proprietorship: This is a business owned by one person and is the most simple business entity to form. The Sole Proprietor pays taxes for the business on their personal return. A Schedule C, profit or loss from a business, is filed with form 1040, individual income tax return.
Click here for Sole Proprietorship Organizer