Does a business have to file a return?

All businesses located in or working in Trenton must file a return annually regardless of the organization’s form (C-Corporation, S-Corporation, Partnership, or Sole Proprietor) and regardless of whether the business had income or a loss for the year. Generally, a business will use Form business return (BR) to report its income and expenses. However, if you are employed as an individual but earn incidental income from a side business, you may simply include this in your individual return, Form IR, rather than fill out a separate business return (refer to Section A, question 6).

Show All Answers

1. Does a business have to file a return?
2. How should S-Corporations and Partnerships report their profits?
3. What income should an Incorporated business report?
4. What income should an Unincorporated (sole proprietor) business report?
5. How is Taxable income determined for businesses?
6. How are net operating losses treated?
7. Can I combine reporting for more than one unincorporated Trenton business on a single tax return?