Today TaxMama® hears from Bill in the TaxQuips Forum. Bill insists that for payments made in 2012, we do not have to send 1099s to corporations. TaxMama says, she just read that corporations DO get 1099’d. Who is correct?
Your organization is doing good work, and has an important message to offer your community. But do-gooding is not enough for your local governments and tax boards: there are strict rules that must be followed:
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.”
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.”
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 a […]
Someone brought something interesting to my attention yesterday. And he made a good point. I’ve noticed it, too, especially in the nature of questions I get from readers who’ve set up a quickie corporation. Folks who’ve incorporated, but never really got around to using the corporation seem to think they don’t have to file anything. […]
Today TaxMama hears from Tom in Upland, CA who wants to know, “I live in So. Cal. and am considering an LLC. I want to set-it-up in NV and do business in CA. I do land development and also sell real estate. Is this the best way to go for liability protection and the tax […]