Question: What Form Do I Use to File My Business Federal Income Taxes?

Answer:

Business Income Tax Forms
The form you use for your business federal income taxes depends on the type of business you have. Here are the types of business and the forms for each:

Sole Proprietorship ... Form 1040, Schedule C

Single-member Limited Liability Company ... Form 1040, Schedule C

Multiple-member Limited Liability Company ...

Form 1065 and Schedule K-1 for each partner

Partnership ... Form 1065 and Schedule K-1 for each partner

Corporation ... Form 1120 and Schedule K-1 to each shareholder

Subchapter S Corporation ... ]Form 1120S and Schedule K-1 to each shareholder.

Qualified Joint Venture
One special case to note: a husband-wife partnership may be able to file their taxes on Schedule C's (one for each person), under certain circumstances. Read more about Qualified Joint Ventures to see if you qualify.