If you do business in the United States, there is a good chance you will be required to file a tax return to the IRS (Internal Revenue Service of USA). That does not always mean you will owe taxes. If your company or investment had a loss, then you may only be required to file your return but pay no taxes. Failure to file this tax return could result in heavy penalties and interest. In certain situations, you may also be required to file a State Return to the Department of Revenue (DOR).
If you own a business, we first need to know the type of business you’ve formed in order to determine the file requirements.
Tax returns for LLC are due April 15.
Tax returns for C CORP and S CORP are due March 15.
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