Small Business Taxes

Filing your taxes...

Just like you, we are a small business. We recognize your tax business’ tax needs and are invested in your success. Whether you are a Sole Proprietorship, General Partnership, Corporation, S Corporation or a Limited Liability Company our primary focus is to maximize your tax deductions and credits. TM Taxes is here to help you structure your business expenses to best help you with all your IRS solutions. Setup an appointment today and file your business taxes to get more and become more.

What information do I need?

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.