The Small Business Tax Help Blog

Archive for February, 2010

Question: I need to get my childcare provider EIN number?

I need my childcare provider EIN I tried calling her but her phone number has been changed and i don’t have a away to contact her so how can i obtain this information so that i can file my taxes?

Answer: Get the county cluck to look it up

Diesen Freitag im Basso: Disco – Die Welt als Scheibe

Passend zu unserem ausführlichen Disco-Special in der aktuellen De:Bug-Ausgabe haben wir Tim Lawrence , den Londoner Professor, Partyveranstalter und Autor von “Loves Saves The Day”, der Geschichte der amerikanischen Club-Kultur, die mit Disco begann, an diesem Freitag nach Berlin eingeladen, um aus seinem neuen Buch “Hold On To Your Dreams”, einer Biographie des Disco-Cellisten Arthur Russell ...

Fehlfarben - Ein Jahr (es geht voran)

Question: IF I GO TO COURT FOR CHILD SUPPORT WILL THE COURT REPORT TO IRS TAX EVASION? ( THE FATHER NOT FILING)?

The babys father works for his familys business he is co partner and gets paid cash/check but under the table he isnt paying any taxes and the company (his father) isnt paying any taxes on the company. So if i go to court to get child support will the court notify the IRS? and he is currently on probation…im hoping that they would because he thinks he can get away with this and not have to pay me anything.

Answer: I suggest that you (or a close family member or friend) report him to the IRS. Felony tax evasion is a very naughty thing to do and he will probably have to pay huge penalties and even have to do some jail time, especially if he is already on probation.

Go to this webpage (IRS) and follow the instructions on how to report tax fraud:

http://www.irs.gov/individuals/article/0,,id=106778,00.html

And don't feel guilty. If he doesn't pay his taxes and he isn't paying child support either, he deserves whatever the courts will give him. Take care.

Cranberry contractor gets prison time for tax evasion

A former contractor from Cranberry targeted by the attorney general's office for running a home improvement scam will spend the next 27 months in federal prison for tax evasion after a separate investigation by the IRS.

Congo Basin - Gabon Greenpeace Releases Report Accusing International Logging Company of Tax Evasion

Question: Online business from Texas?

What steps to take to open an online store from Texas? I have read about Sales ID number, Tax ID number. Are those different things? What else is needed.

Answer: They are the same thing. You can apply online by going to the Texas State Comptroller's website. Look at "I want to"and click on Apply for a Sales Tax Permit.
It's free.

Waste Management Announces Fourth Quarter and Full Year 2009 Earnings

HOUSTON----Waste Management, Inc. today announced financial results for its fourth quarter and for the year ended December 31, 2009. Net income for the quarter was $315 million, or $0.64 per diluted share, compared with $218 million, or $0.44 per diluted share, for the fourth quarter of 2008.

Chupacabra on Cops Camera (closer view)

Question: Do you need to be 18 or older to get a ligitimate sales permit or EIN?

Just wondering what the requirements are to get a ligitimate sales permit or EIN, if you have to be 18 or older or if a 17 year old or 16 year old can get one too.

Answer: A great job and way for Teens to make money is by doing Free Surveys Online. Its simple, easy and for ages 13 and up. check this blog for more info and Proof of Payments

http://Job4Teens.blogspot.com

DJ pressetext.de: AMS-IX löst wachsende Kapazitätsanfor.

München (pts/17.02.2010/20:38) -Die Amsterdam Internet Exchange (AMS-IX), einer der weltweit größten Internet Exchange Points (IXP), hat Brocade für seine neue MPLS/VPLS Netzwerktopologie gewählt und verbessert damit die Netzwerkstabilität und die Ausfallsicherheit für 350 Clients.

gigi und die braunen stadtmusikanten - Haende zum Himmel

Question: Can an investment into a business that went bankrupt treated as a capital loss for Federal taxes?

I made an investment into a business and the business failed. I did not own shares in the business, rather this was a loan to the business. This was not my business, I was to be repaid for my investment with interest, but the business went kaput. Now, realizing that I will not be able to recover my loss, I want to ask if I can deduct this loss on my Federal income tax and if so, can I carry it forward-as in if the total loss exceeds the maximum capital loss deductible amount allowed annually, can I claim this loss yearly until the amount of the actual loss is realized? I will have capital gains and other income from interest and dividends in 2008, so I am thinking that if allowed, this capital loss will offset any capital gains. Further, what documentation is needed to submit as proof of the investment and the failure of the business. Lastly, this business is going bankrupt and has been in business for 1.5 years-so I am guessing this would be treated as a long term capital loss

Answer: The bad debt would be reported on Schedule D as a short-term capital loss. You need to attach a statement to your return detailing the debt, the debtor, efforts to collect, and proof that the debt was worthless.

See Pub 550 for complete details.

http://www.irs.gov/pub/irs-pdf/p550.pdf

BlueLinx Announces Fourth-Quarter Results

– Net Profit of $12.0 Million on 27% Revenue Decline –

Beech-Nut IDA Union Rally Local Jobs Local People Part 4