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Many if not most businesses file taxes and tax forms on a monthly or quarterly basis. Between 75% and 100% of the relevant data is already in the IRS's hands. B
by gerbal 11y ago
Many if not most businesses file taxes and tax forms on a monthly or quarterly basis. Between 75% and 100% of the relevant data is already in the IRS's hands. Businesses also generally don't wait until the deadline to file.
- vonmoltke 11y agoOnly businesses that withhold taxes from employees, and then only on the employees. Principals who are not classified as employees, those who qualify as "family employees", and 1099 contractors do not report anything until the end of the year.