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    tsmithjazz's Avatar
    tsmithjazz Posts: 1, Reputation: 1
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    #1

    Jan 9, 2007, 10:48 AM
    Filing Taxes
    I have a business and I have been filing my personal taxes combined with my business. Is it better to file seperatly business and personal or does it make a defference?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 15, 2007, 11:32 AM
    If your business net income is below $100,000, then filing as a sole proprietor on your personal return is okay.

    If your income consistently gets above $100K, you should consider converting to a SubchapterS corporation.
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