Introductory Accounting

CHAPTER19

Filing Business and Personal Tax Returns

In This Chapter

• Reporting business income on your business income tax return
• Business tax information that flows to your individual income tax return
• State income taxes for business
• Forms to help you file your personal taxes
• Personal federal and state returns
• When to seek professional assistance

As a business owner, your personal income tax return has some new complications. You might look back fondly on the days before you had a business of completing Form 1040EZ or the simplified Form 1040A, but the rewards of business ownership often outweigh the additional complexities at tax time.

In this ...