If you are a LLC or you hired yourself as an employee of your corporation and gave yourself a salary (W-2), that personal income must be listed on your Form-1040. The Form-1040 is your personal Income Tax Return. Some corporations are considered "pass-through" entities in which profit and loss "pass through" the business and to the member or owner of the company. The member or owners of the company are then required to list the income, profit and losses on their personal income tax return.

Some of the Schedule that we used for any Dividend, and Profit or Losses that business incurred and Form-1099-Misc (Independent Contracting) is the following:

Schedule C

Schedule C lists deductions, dividends and any profit or losses the business incurred. Schedule C usually allows you to list expenses that were required to run your business. For example, the mileage to and from business meetings and lunches can be written off as an expense. You need an employer identification number for your schedule C for your corporation, which you should have received from the IRS. Schedule C is not a stand-alone document and is usually accompanied by your 1040 or 1120.

This is a list of documents and information you will need to bring with you to enable us file your income tax return accurately so you get your refund fast.

• Proof of identification. (A driver's license or any other Government issued photo identification)

• Social Security Cards for you, your spouse and all dependents or a Social Security Number verification letter issued by the Social Security Administration.

• Proof of Individual Tax Identification Number (ITIN). If you, your spouse or your dependents are not eligible for a Social Security Number, you may need to obtain an Individual Tax Identification Number. We can help you obtain one. 

• Birth dates for you, your spouse and all dependents that will be on the tax return.

• Wages and earning i.e. From W-2, W-2G, 1099-R from all employers

• Form 1099 - Interest and dividend statements from banks.

• Copy of last year's Federal and State returns.

• Total amount paid to a day care provider or baby sitter and their Social Security Number or Employer Identification Number.

• For individuals who are married and filing jointly, both spouses must be present to sign all required forms. Call us first for all your questions.