Tag Archives: Secretary of State

Ask TaxMama Issue 524 – Obama at Peace

Dear Family, The news of day. You are hearing (seeing) it everywhere. President Obama was awarded the Nobel Peace prize. Wow! All anyone can talk about is ‘why’? Perhaps he will earn it someday. Perhaps President Obama really will achieve peace, somewhere. So far, he’s just in the beginning stages. Frankly, this must have come […]

Incorporated Out of State

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?”

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 […]

Clients in Other States

Today TaxMama hears from Fred in Illinois who wants to know. “I’m thinking about opening a mortgage adjusting business. My clients might be from another state. What do I do about a local business license?”

Ask TaxMama Issue 504 – A Chip off the Old Block

Dear Family, This has been a very busy week handling all the registrations for the EA Exam Review class – and teaching the CSEA webinar on the topic. For those wanting the CD from that webinar, CSEA expects to have it available next week. Just call them to order Everything You Ever Wanted to Know […]

Old Corporation

Today TaxMama hears from Peter in Ohio who says, “I started a corporation four years back and never got around to using it. I never filed anything because it was never in use. Do I need to file returns for those 4 years even though I never used the corp.? How do I completely close […]

Handyman’s Qualifications

Today we hear from Rachel in Texas who’s annoyed. “I am trying to figure out how to verify if a company really exists and is paying taxes. My homeowners association pays, what until now, I thought was a single handyman. But when I asked for his qualifications they stated that he worked with a company. […]