Small Business Tax Questions - When Is The Due Date For Business Income Tax Returns?
Do you own a small business and are wondering when to file your federal income tax returns? This article will give you the information you need to keep the IRS happy.The due dates for federal business tax returns depend on the type of business entity. Here are the possibilities, assuming that your business has a the normal calendar year-end of December 31:
1. Sole Proprietorships. If you are an unincorporated business, the IRS classifies you as a sole proprietor. This means you are not a corporation or a partnership or limited liability company treated as a corporation or a partnership. Sole proprietorships file their business tax return as part of their personal income tax return on Schedule C. Other forms may also be required, such as Schedule SE (if you have profit of at least $400), Form 4562 (if you purchase business assets such as computers or other equipment), and Form 8829 (if you take the home office deduction).