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Form Instructions 1040 (Schedule C) online Fort Collins Colorado: What You Should Know

EIN:  Form 1040EZ.pdf — Income Tax Return for Small Business The form 1040EZ is designed to be used as your business income tax return. It is a simplified, quick-filing return; you do not have to prepare more than one form if you have two or more employers. The state of Colorado requires business owners to file one form tax return; if you are self-employed, you must file two separate forms. Form 1040EZ.PDF — Income Tax Return for Small Business Colorado Taxation & Revenue You must get a copy of the tax instruction pamphlets (Form 1040 or Form 1040EZ) for your state. See Colorado Instructions for Filing a Tax Return, below. Tax Code: 11.25.015 The information you can choose to give on your Individual Tax Return is limited to the following: Personal information in the form fields, including your Social Security number and other information you used to identify yourself to the IRS. See the instructions on the IRS.gov website, IRS Publication 502, U.S. Federal Income Tax for Individuals and Partners (Form 1040), for additional information about these forms. If you provide incomplete or inaccurate information on a U.S. Form 1040 or 1040NR, or if you enter an incorrect information entry on a Form 1040EZ or 1040NR, you could be held liable for a penalty (i.e., back taxes). Any amounts you owe could be doubled if you pay the tax not later than 60 days after your return is filed. For more information, see Publication 502, U.S. Federal Income Tax for Individuals and Partners. The total of all income from sources within the United States. For example, if you received 15,000 in income from sources within the United States and you reported the 20,000 earned elsewhere on your federal return, that sum could be taxed at 20%. The total of all income from sources outside the United States. For example, if you received 15,000 from sources abroad and your earnings from this source totaled 20,000, that sum could be taxed at a top effective rate of 35%. State of Colorado Tax Information This link will open a new window with information from your state's Tax Education Section.

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