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Forums » Accounting & Financial Management

do I have to file taxes as a business?

    • 2 posts
    February 25, 2012 3:31 AM EST

    Everything needed to calculate the business's profit. Records of how much the business's receipts were. Receipts for all business expenses you want to deduct

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    • 3 posts
    December 16, 2011 2:49 PM EST

    'If I get my EIN before I start my business, do I have to file taxes as a business? And if not how long do I have before I do? And do i have to pay some kind of fees for the EIN.

    • 1 posts
    January 1, 2012 4:19 PM EST
    Go to IRS.gov and search for ein application. It is free to get one but it does trigger reporting requirements such as payroll taxes, sales tax etc. You must file taxes for a business. It depends on your entity as to what needs to be filed and where. It would be well worth it to visit with an accounting professional. It's much easier to do things correctly than it is trying to fix some done wrong.
    • 110 posts
    December 20, 2011 3:29 AM EST

    Hi Emanon,

    I think the best thing you can do is consult a professional accountant.  I think your tax liabilities are more based on when you actually incorporate and not so much on the Employment Identification number.  I would also study and research everything about the topic I could on the IRS website:

    http://www.irs.gov/businesses/small/article/0,,id=98350,00.html

    It never hurts to really educate yourself from the source about the subjects you are curious about.