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When filing as an S-Corp, you will file a K-1 as well as a W2 being that you are an owner and employee simultaneously.
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Do corporate earnings have tax returns?
Corporate earnings don't have tax returns. But corporation that earn (and even those that lose money) do have to file tax returns to report their earnings (or losses).
Do you have to file both your tax returns?
Yes, both are required by the IRS
Do estates file yearly tax returns?
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
Is an LLC required to file tax return if no income?
In certain states, all corporation are required to file a tax return regardless of income. This is also to pay their annual dues or fees to the state.
Does a homeowners association need to file income tax returns?
Generally, yes, especially if the association is any kind of corporation.
I run a small corporation, do I have to file a corporate tax return?
Corporations must file Federal tax returns every year, regardless of income or loss. The same is true in most states.
Do you have to file tax returns for a nonprofit corporation?
Well yes and no. You have to file returns, generally of the 990 form series, and several other reports. These are basically equall some would say more in depth than other tax returns, pay any tax on non exempt income and prove your exempt status for the rest.
If your dependents file tax returns can you still claim them?
Yes. Being claimed as a dependent doesn't prevent the dependent from filing a return. That also doesn't prevent you from still claiming them on your own return. The IRS gives guidelines for determining whether dependents are required to file tax returns. Also, even though dependents might not be required to file, they should file if tax was withheld in order to receive a refund of that tax.
Can you file a tax return from past years if you didn't have an income?
Yes you can, but there would be no advantage to doing so. You would not be required to file income tax returns for any year in which you had no income.
Do you have to file an income tax return if you are deceased?
The estate of the deceased has to file tax returns.
Can I prepare state and federal tax returns online?
You can prepare federal tax returns online. However, some states require that you file state tax returns through the mail. You will have to file them separately.
How much income do you need to be able to file for tax return?
Anyone can file a tax return. No income necessary. Just fill in zeroes. People with low income who have had tax withheld from their pay but are not required to file tax returns should do so anyway in order to get a refund.
