Five Quick Steps for Small Biz Tax Filing
Hello hello! I hope you all are doing well. I'm dropping by to share an article from the QuickBooks Blog that covers 5 quick steps to file small business taxes in 2026. Let's take a look...
1. Gather your records for tax filing
At the most basic level, you need to file your tax return each year through the IRS to figure out your tax liability. As a business, you might have to pay taxes that include:- Estimated tax: Quarterly federal and state tax payments made throughout the year for income that isn't subject to tax withholding.
- Self-employment tax: Social Security and Medicare taxes for independent contractors and self-employed individuals.
- Sales tax: Taxes collected from taxable goods and services.
2. Know what IRS forms you need to file The types of IRS forms you'll need to fill out to file small business taxes primarily depend on your business structure. These forms can include Schedule C (attached to Form 1040), Form 1065, Form 112-S, and more.
3. Fill out your small business tax formsWhen filling out your small business tax forms, carefully follow each step and provide accurate information.
4. Know the small business tax deadlinesIf your personal income tax return or small business tax return due date falls on a holiday or a weekend the new tax deadline is the next business day. Here are important deadlines to be aware of:
- March 17: For partnerships and multimember LLCs that file a Form 1065 with the federal government and give out a Schedule K-1 to partners, and S-corps filing Form 1120-S.
- April 15: For individuals, including sole proprietors or single-member LLCs filing Schedule C.
- April 15: Corporations with a fiscal year that ends on December 31, submitting Form 1120.
- 15th day of the 4th month after the fiscal year end: For businesses with a fiscal year that doesn't end on December 31st.
5. File small business taxesNow that you have everything in order, it’s time to file your small business taxes. You can do this by e-filing or mailing in a paper return.
Check out the article linked above for even more details about filing small biz taxes. Don't forget, if you need an extra hand you're always welcome here in the Community!