Tax Extensions

If you need a little bit of extra time to file your taxes, don’t worry, you can apply for a tax-filing extension. Keep in mind that you’ll need to pay your quarterly estimated taxes on time, but you can file later than usual.

• Sole proprietorships and single-owner LLCs must have applied for an extension by April 18, 2022, which extends their tax filing deadline to October 17, 2022.
• Partnerships and S Corporations must have applied by March 15, 2022, which extends their tax-filing deadline to September 15, 2022.

Tax Forms

Here are the forms you will need to complete your taxes.

• Sole proprietors and single-owner LLCs will need to file Schedule C as part of your Form 140, which is the form you file that accompanies your personal tax return.
• Partnerships and multi-owner LLCs will need to fill out Form 1065. These organizations pass profits and/or losses through to the business owners, who will then report their earnings on Schedule E on the 1040 Form. For extra help, you can use the Schedule K-1 form to assist you in this.
• If you own a business with employees, you must file a Form 941 in addition to the payroll taxes you withhold from employee paychecks.
• If your business is subject to excise taxes, you will need to file for Form 720.
• If your state has a sales tax, you must file out a state form for a sales tax return.



There’s no need to procrastinate your taxes when you work with Xquisite Tax- give us a call today and we’ll get your business taxes sorted in no time at all. Leave the headaches to us, and get ready to cash in that refund.