Tag Archives: Corporations

Corps and 1099s

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?

Basic Legal / Financial Boundaries for a Nonprofit

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:

Sending 1099-MISC

  Today TaxMama hears from Sue in the TaxQuips Forum with a timely question. “I was wondering if LLC’s are exempt from getting a 1099 MISC form from our company?”    

Why A Nevada Corporation

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.”

Unused 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 […]

Nevada LLC

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 […]

Self-Employed in LLCs

Today TaxMama hears from Peter in St. Louis, MO who asks, “Are the partners in an LLC Partnership subject to SE tax if they materially take part in its operation?”