2017-2024 Form

Instructions and help about Tax Type Tax Type Code Florida EServices

all right so let's chart this out step one I'm gonna go through the type of taxes subject to sole proprietorship single member LLCs partnership Locs S corporation and C corporations when it comes to individual income taxes everyone pays it except for C corporations with self-employment taxes s corporations can avoid some of them not all but some small business taxes for beginners let's get into it because there has been a record-breaking number of llc's created in the last two years ing to U.S business formation statistics and unfortunately a lot of new business owners have no idea how their taxes work because the game changes once you become self-employed because you no longer have an employer who is paying and filing your taxes on your behalf like your federal and state taxes or your Social Security and Medicare taxes now all those tax payments fall on you but you're in luck because if you watch watch this video Until the End then you'll have a deep understanding of small business ta