Akron Income Tax Co.

An Expert Guide by

Do You File Business and Personal Taxes Together?

Business and personal taxes are filed together on Form 1040 with Schedule C.

Yes, for Sole Proprietors and Single-Member LLCs:

Partnerships, multi-member LLCs, and S-Corps file separate business forms, but income passes through to your personal return.

Pass-Through Entities

C-Corps file business taxes separately using Form 1120.

C-Corporations

Sole proprietors and LLCs also file Schedule SE for self-employment tax.

Self-Employment Tax

S-Corps file Form 1120S, and owners report income on their personal returns via Schedule K-1.

S-Corp Taxes

You may need to file separate business and personal state taxes.

State Filings

Use TurboTax Self-Employed or Business for combined filings.

 Use Tax Software