Business Filings

There are many business filings a business must do to comply with the IRS tax laws. The business filings duties of every business in the United States involve:

• collecting income taxes which are passed on to the IRS such as through wages withholding

   

• filing employment tax returns. Businesses with employees must file five employment tax returns over the course of the year:

   

  • 4 employment tax returns cover the wage withholding on employees

     

  • the 5th employment tax returns covers unemployment taxes

     

  • The IRS tax forms used are 941 and 940

   

• filing business income tax returns that are much more complicated than individual tax returns

   

• filing information returns such as Form W-2 and 1099.

Small business filings

Small business are subject to multiple layers of business filings. Business reporting and tax deposit requirements are also important.

• Corporation Paperwork