IRS Forms You Need to Open a Business
- Form SS-4 – Application for Employer Identification Number (EIN)
- Description: This form is used to apply for an EIN, which is like a Social Security number for your business. Most businesses need an EIN for tax filings, hiring employees, opening bank accounts, and more.
- Form SS-4 & Instructions
- Form 1040 Schedule C – Profit or Loss from Business (Sole Proprietorship)
- Description: If you’re a sole proprietor, you use Schedule C to report income or loss from your business on your personal income tax return.
- Schedule C & Instructions
- Form 1065 – U.S. Return of Partnership Income
- Description: Partnerships file this form to report income, deductions, gains, and losses from business operations.
- Form 1065 & Instructions
- Form 1120 – U.S. Corporation Income Tax Return
- Description: C Corporations use this form to report their income, gains, losses, deductions, and credits.
- Form 1120 & Instructions
- Form 1120-S – U.S. Income Tax Return for an S Corporation
- Description: S Corporations use this form to report income, losses, and dividends.
- Form 1120-S & Instructions
- Form 941 – Employer’s Quarterly Federal Tax Return
- Description: Employers use Form 941 to report income taxes, Social Security tax, and Medicare tax withheld from employees’ paychecks.
- Form 941 & Instructions
- Form 940 – Employer’s Annual Federal Unemployment (FUTA) Tax Return
- Description: This form is for reporting and paying federal unemployment taxes.
- Form 940 & Instructions
Please login to post a comment.
