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How Business Income is Taxed-IRS Forms, Recordkeeping & Filing Requirements

Jun
13
2017
Tue 9:00 AM to 10:30 AM

Tuesday, June 13, 2017 9:00 – 10:30 am • Learn about the different types of business entities o Sole-proprietor o Partnership o LLC o S-Corp o C-Corp o Others * Including corporate maintenance * Avoid comingling of money • Learn what is business income o Revenue minuses expenses o Not cash taken by the owner o Recordkeeping Requirements • Business income tax forms o Understand which type • How business income is taxed o Define & discuss flow-through entities o Self-employment taxes o When to make an S-election • How to pay income tax on business income o EFTPS/AZ Taxes o Quarterly Payments o Underpayment penalties & how to avoid them

Speaker(s): Tanya Luken, CPA


Fee: No Cost

Phone: 480.784.0590
Email: karen.linthicum@domail.maricopa.edu

Location

Gateway Community College/Maricopa SBDC Office
South Building
108 N. 40th St, Phoenix, AZ 85034