Required Tax Documents

Types of Business Returns

• Profit or Loss from Business (Sole Proprietorship)
• Form 1065, U.S. Return of Partnership Income
• Form 1120, U.S. Corporation Income Tax Return
• Form 1120-S, U.S. Income Tax Return for an S Corporation

General Small Business Check-List

1. Personal Records: You’ll need the full legal names, tax identification number, addresses, percent ownership, ownership acquisition date and distribution details for distribution details for you, other partners and/or qualified parties.
2. Last Year’s Federal and State Tax Returns: Gather both personal and small-business returns.
3. Estimated Tax Payments: Gather all paperwork related to tax payments made during year, including state, federal, property, etc.
4. General Ledger: Your ledger should list out contents of every expense category you plan to deduct from your small-business tax return.