Types of Business Tax Returns
This guide outlines the business tax returns filed in the United States so you can identify the return required for the policy validation program — and find exactly where your reportable sales figure appears for entry on the ISG Portal.
Find your business type in the sections below — sole proprietorship, partnership, corporation, S corporation, or non-profit.
Locate the highlighted line on the matching tax return example — this is your reportable sales figure.
Report that figure on the ISG Portal when completing your policy validation.
Used by individual business owners who operate a sole proprietorship.
Reports income, costs, and expenses. Attached to personal income tax return Form 1040.
Part I, Line 1 – Gross Receipts or Sales
On Schedule C, your reportable figure is Part I, Line 1 — Gross receipts or sales (highlighted above).
Filed for business structures that have two or more owners and operate as a partnership.
Reports the partnership's income, gains, losses, deductions, and more. Partners receive a Schedule K-1 outlining their share of income and deductions.
Line 1a – Gross Receipts or Sales
On Form 1065, your reportable figure is Line 1a — Gross receipts or sales (highlighted above).
Utilized by C corporations to report income, gains, losses, deductions, and credits.
Separate from owners' personal taxes. Double taxation applies — the corporation and shareholders are taxed separately.
Line 1a – Gross Receipts or Sales
On Form 1120, your reportable figure is Line 1a — Gross receipts or sales (highlighted above).
Used by S corporations to report income, gains, losses, and more.
Shareholders receive a Schedule K-1 showing their share of income and deductions. No double taxation.
Line 1a – Gross Receipts or Sales
On Form 1120-S, your reportable figure is Line 1a — Gross receipts or sales (highlighted above).
Used by individuals to report supplemental income and loss from rental real estate, royalties, partnerships, S corporations, estates, and trusts. Attached to Form 1040.
The sole proprietor counterpart of Form 8825. If you own rental property as an individual and your business generates rental income, it is reported in Part I of this schedule.
Part I, Line 3 – Rents Received
On Schedule E, your reportable figure is Part I, Line 3 — Rents received (highlighted above). Report the rents received for your rental real estate activity in addition to the Line 1 figure from your Schedule C.
Reports rental real estate income and expenses of a partnership or an S corporation. Attached to Form 1065 or Form 1120-S.
If your business generates rental income, this schedule accompanies your Form 1065 or Form 1120-S and lists each rental property along with its income and expenses.
Line 2a – Gross Rents
On Form 8825, your reportable figure is Line 2a — Gross rents (highlighted above). Report the gross rents shown for your rental real estate activity in addition to the Line 1a figure from your Form 1065 or 1120-S.
Required for tax-exempt organizations to report their financial activities.
Includes information on income, functional expenses, and the organizational mission.
Box G – Gross Receipts
On Form 990, your reportable figure is Box G — Gross receipts (highlighted above).
Haven't filed a business tax return recently?
If you have not filed a business tax return in the last three most recently completed tax years, please contact our staff at 888-383-2966 or [email protected] to discuss acceptable alternative verification sources.