It’s hard to believe, but the year is almost half over already. If you have a partnership or corporation, here’s what you need to know to keep up with the Internal Revenue Service (IRS) while you work toward your business success for 2016.
Starting a new business and keeping it going through its first year is a great accomplishment. Congratulations! When you file a federal income tax return for your business, the paperwork and forms you will use depend on how your business is organized. Here’s how you’ll file your business return, based on your business type:
Each week we will answer one of the most frequently asked questions on Facebook, Twitter and TaxACT’s Blog in the “You Got This” Weekly Series. Question: I invested enough to fund the expected expenses in my son’s golf business to cover 3 years as did one other investor. The account can be drawn from to cover travel, food, anything that promotes […]