Different Types of Tax Returns

Different Types of Tax Returns

Understanding tax returns is essential for everyone. Let's explore the main forms you'll encounter!

Individual Income Tax Return

Individual Income Tax Return

Form 1040: The most common tax form for individuals. Use it to report your income, claim deductions, and calculate your tax liability.

Partnership Income Tax Return

Partnership Income Tax Return

Form 1065:  This form is used by partnerships to report income, deductions, gains, and losses. Essential for partnership tax reporting!

Corporate Income Tax Return

Corporate Income Tax Return

Form 1120: Corporations must file this form to report income, deductions, and credits. Understanding corporate taxes is crucial for business owners.

Your Professional Tax Preparer in LA

Your Professional Tax Preparer in LA

Need help with your tax return? Jarrar CPA offers expert services, including free tax filing assistance! Contact us today!