topic I have a small business with 3 employees and I have payroll do I need to file taxes? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193183#M40625 Thu, 20 Feb 2020 16:20:39 GMT juan8480 2020-02-20T16:20:39Z I have a small business with 3 employees and I have payroll do I need to file taxes? https://ttlc.intuit.com/community/business-taxes/discussion/i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193183#M40625 Thu, 20 Feb 2020 16:20:39 GMT https://ttlc.intuit.com/community/business-taxes/discussion/i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193183#M40625 juan8480 2020-02-20T16:20:39Z Re: I have a small business with 3 employees and I have payroll do I need to file taxes? https://ttlc.intuit.com/community/business-taxes/discussion/re-i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193528#M40638 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Yes,&nbsp; you do have to file a tax return for your business.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If you are a <STRONG>sole-proprietor</STRONG>, you can file the income and expenses for your business on Schedule C, which is part of your personal (1040) return.&nbsp; To do this you need to use TurboTax Self-Employed (online) or TurboTax Home &amp; Business (CD/Download).</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If your business is organized as a <STRONG>partnership </STRONG>or an <STRONG>S-Corp</STRONG>,&nbsp;you will need TurboTax Business.&nbsp; You can visit the following link to purchase the program:&nbsp;<A href="https://turbotax.intuit.com/small-business-taxes/?srqs=null&amp;cid=ppc_gg_b_stan_all_na_Brand-Business_ty16-bu2-sb4&amp;srid=CJn1rMj97dECFQLCfgodbFcI6g&amp;targetid=kwd-38738032&amp;skw=turbotax%20business&amp;adid=173027574187&amp;ven=gg&amp;gclid=CJn1rMj97dECFQLCfgodbFcI6g&amp;gclsrc=ds" target="_blank">TurboTax Business.</A>&nbsp;&nbsp; </SPAN></SPAN></P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">TurboTax will take you through an interview to prepare the business return, similar to the personal (1040) products.</SPAN></SPAN></P> <P>&nbsp;</P> Thu, 20 Feb 2020 17:01:40 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193528#M40638 Irene2805 2020-02-20T17:01:40Z Re: I have a small business with 3 employees and I have payroll do I need to file taxes? https://ttlc.intuit.com/community/business-taxes/discussion/re-i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193777#M40647 <P>If you have employees, then you are required to file payroll taxes each quarter at a minimum. Depending on the dollar amounts involved, you could be required to file monthly. Quarterly payroll taxes are filed with the IRS each quarter and are dealt with on IRS Form 941. TurboTax does *NOT* support this form or quarterly filings of it either.</P> <P>But TurboTax does support the IRS Form 940 which is required for your "yearly" filing and is included with whatever form you use to report your business income/expenses on.</P> <P>&nbsp;</P> Thu, 20 Feb 2020 17:32:31 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193777#M40647 Carl 2020-02-20T17:32:31Z
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topic I have a small business with 3 employees and I have payroll do I need to file taxes? in Business & farm
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https://ttlc.intuit.com/community/business-taxes/discussion/i-have-a-small-business-with-3-employees-and-i-have-payroll-do-i-need-to-file-taxes/01/1193183#M40625
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I have a small business with 3 employees and I have payroll do I need to file taxes?
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Re: I have a small business with 3 employees and I have payroll do I need to file taxes?
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<P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Yes,&nbsp; you do have to file a tax return for your business.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If you are a <STRONG>sole-proprietor</STRONG>, you can file the income and expenses for your business on Schedule C, which is part of your personal (1040) return.&nbsp; To do this you need to use TurboTax Self-Employed (online) or TurboTax Home &amp; Business (CD/Download).</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If your business is organized as a <STRONG>partnership </STRONG>or an <STRONG>S-Corp</STRONG>,&nbsp;you will need TurboTax Business.&nbsp; You can visit the following link to purchase the program:&nbsp;<A href="https://turbotax.intuit.com/small-business-taxes/?srqs=null&amp;cid=ppc_gg_b_stan_all_na_Brand-Business_ty16-bu2-sb4&amp;srid=CJn1rMj97dECFQLCfgodbFcI6g&amp;targetid=kwd-38738032&amp;skw=turbotax%20business&amp;adid=173027574187&amp;ven=gg&amp;gclid=CJn1rMj97dECFQLCfgodbFcI6g&amp;gclsrc=ds" target="_blank">TurboTax Business.</A>&nbsp;&nbsp; </SPAN></SPAN></P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">TurboTax will take you through an interview to prepare the business return, similar to the personal (1040) products.</SPAN></SPAN></P> <P>&nbsp;</P>
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Re: I have a small business with 3 employees and I have payroll do I need to file taxes?
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<P>If you have employees, then you are required to file payroll taxes each quarter at a minimum. Depending on the dollar amounts involved, you could be required to file monthly. Quarterly payroll taxes are filed with the IRS each quarter and are dealt with on IRS Form 941. TurboTax does *NOT* support this form or quarterly filings of it either.</P> <P>But TurboTax does support the IRS Form 940 which is required for your "yearly" filing and is included with whatever form you use to report your business income/expenses on.</P> <P>&nbsp;</P>
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