Filing Taxes

Question

Jan 9, 2007, 08:48 AM

tsmithjazz

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Join Date: Jan 2007

Posts: 2

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?

Answers

Jan 15, 2007, 09:32 AM	#2

AtlantaTaxExpert Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 9,674	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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