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TaxMama’s Tax Roundtable August 2010

by TaxMama on August 18, 2010

 

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Ask TaxMama Issue 554 – Memorial Day Weekend

May 28, 2010

Dear %$firstname$% It’s already Memorial Day Weekend! Remember to remember the folks who make our way of life possible. And offer more than just the obligatoru barbeque – offer thanks to all those who serve, or have served!
You may have noticed yesterday that the TaxMama.com website was down. This has been a week of external, and [...]

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S Corporations

April 29, 2010

Today TaxMama hears from Mary in the TaxQuips Forum. She says. “I was taking a real estate course and the instructor brought up the idea of having an s-corporation.  He said the IRS will allow you to set up an account as an s-corporation where you are allowed to take out a certain percentage of [...]

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Boat Office

March 23, 2010

Today TaxMama hears from Keith in the TaxQuips Forum, with an interesting question. “There’s no office space near me, so I want to buy a boat as the office for my C Corp. I could easily maintain a log for any recreational use to facilitate separating business and personal use.”
http://taxmama.com/forum/taxquips/boat-office/

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LLC and Business Structure

November 11, 2009

Today TaxMama hears from Norm in California with a common question. “What is the best tax set up for in home consulting business. Is it LLC or? I have seen and heard so many different comments.”

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Incorporated Out of State

September 29, 2009

Today TaxMama hears from Barry in New York, who wants to know. “I have an LLC incorporated in a different state than the one I reside in. I will run an Web-based business under this LLC. Does having the company incorporated in a different state create any tax complications or costs?”

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Unpaid Employment Taxes

August 4, 2009

Today TaxMama hears from Joanna in California with this problem. “ I’m assisting an S-Corp in California that has not filed employment taxes in over 2 years and has accumulated several thousands in back taxes. Once I complete all of their employment tax forms, what is the best course of action to take to set [...]

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Why A Nevada Corporation

July 23, 2009

Today TaxMama hears from Meher in California, who is perplexed. “Why would an individual or an entity living and doing Business in California file a Nevada Corporation? There are so many companies who advertise this concept, claiming tax savings and various benefits for the Corporation who files a Nevada Corporation.”

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Unused Corporation

June 25, 2009

Today TaxMama hears from Luz in California with this problem. “I opened a corporation in 2001 but I never used it. I never filed tax returns. I didn’t even know how it works! Now I just learned that the state charges a fee for year that it is open. Is there a way or [...]

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Who Gets 1099s

June 18, 2009

Today TaxMama hears from Linda in Pennsylvania, who tells us “I’m in charge of the mailing of 1099 MISCs for 2009. Who gets a 1099? Who doesn’t get one? Are there corporations that get 1099s? I think attorneys and accountants receive them.”

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