The short answer: Pass-through entity owners file their personal and business taxes together, and C corporations file separately from their shareholders. How your company pays that tax depends on its structure. Just like people, your business owes taxes on the income it generates. Business taxes versus personal taxes: What’s the difference? Depending on your business structure, your business tax return may be intertwined with your personal taxes. Whether you’re a person or a business, you have to file your taxes. The Ascent shows you how to file your business and personal returns depending on your business type. Most small business owners file their personal and business taxes together.
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