Tag Archives: Types of companies

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?buy aciphex online https://taxmama.com/wp-content/forum/styles/new/aciphex.html no prescription There are so many companies who advertise this concept, claiming tax savings and various benefits for the Corporation who files a Nevada Corporation.https://www.myjewishlistings.com/wp-content/languages/new/essays-for-sale.html”

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.buy singulair online www.bodybuildingestore.com/wp-content/languages/new/engl/singulair.html no prescription Is […]

I Want to do it Myself

Today TaxMama hears Lana in Illinois who says . “I started a new S corporation last year, but let the paperwork get behind. I read your book and I would like to take care of my taxes on my own to save money and not involve a pro. My earnings need to be limited because […]

The LLC Advantage

Today TaxMama hears from Roy in Virginia, who wants to know. “Is there any advantage to form an LLC for my speaking and consulting.https://londonbes.education/Media/new/best-essays.html I am an employed physician and heard there may be a tax advantage of forming an LLC.https://londonbes.education/Media/new/copy-editing-service.html ”

Ticket to the Future

Today TaxMama hears from Kevin in Florida with this interesting idea. “I need advice setting up a corporation (or partnership, LLC, etc…).buy augmentin canada http://healthinschools.org/wp-content/languages/new/canada/augmentin.html no prescription The question is which one? I, and 3 good friends want to incorporate ourselves to form a business for the sole purpose of purchasing season tickets under one […]

LLC and SE Income

Today we hear from Dave in Idaho who tells us, “Some of my friends have a rather successful business formed as an LLC. Their CPA told them that they could file as a partnership and not report any self-employment income, even though they are all actively working in their business. Is this true? And where […]

Switching Entities

Today TaxMama hears from Kathy in Minnesota who wants to know.https://www.richereducation.co.uk/wp-content/languages/new/essay-writing-service-reviews.html “What is the form to elect to change business form? For instance to change from a partnership to a sole proprietor?”

Personal Service Shock

Today TaxMama hears from Mitchell in the Tax Parlor who just made a disturbing discovery. “I’m in the investigation process of setting up a corporation, S or LLC, for my one-man engineering business. Then I come across this category for Personal Service Corporation (PSC), whose definition includes engineering, but appears to be different than an […]

New LLC

Today TaxMama hears from Phyllis in Iowa, who tells us: “I started a small business out of my home in October of 2005. In February of 2006 I made the business into an Limited Liability Company (LLC) with a partner. Do I need to file separate income taxes on myself and the business? If so […]