Akron Income Tax Co.
An Expert Guide by
Business and personal taxes are filed together on Form 1040 with Schedule C.
Partnerships, multi-member LLCs, and S-Corps file separate business forms, but income passes through to your personal return.
C-Corps file business taxes separately using Form 1120.
Sole proprietors and LLCs also file Schedule SE for self-employment tax.
S-Corps file Form 1120S, and owners report income on their personal returns via Schedule K-1.
You may need to file separate business and personal state taxes.
Use TurboTax Self-Employed or Business for combined filings.