C corporations file Form 1120, U.S. Corporation Income Tax Return, which is a separate tax return solely for the business. S corporations and LLCs taxed as S corporations file Form 1120-S, U.S ...

Keeping up with taxes is essential for small business owners to preserve their financial stability and legal compliance.

Certain tax relief strategies can help small business owners resolve IRS debt without having to close, experts say.

Tip 2: Track all money in and out of the business. Unlike traditional employee income, business income does not always come with summary tax forms like the W2 at the end of the year.

As Congress debates comprehensive tax reform, ensuring businesses can thrive in a global environment must remain a central consideration.