The Small Business Tax Help Blog

Question: Can anyone tell me the EIN of the State of FL Agency for Workforce Innovation?

Answer: They are not private! Its supposed to be a matter of public record since they are not an individual.
You can call IRS at 800-829-4933 and they will give it to you.

Taking stock / The Soviet tractors barrel on

The residents of northern Israel remember Soviet tanks all too well, thanks to the wars with the Syrians. Our memories of Soviet tractors are less immediate. Israel’s farmers naturally preferred to buy American, German, French or British heavy machinery.

NEW YORK STATE OF MIND

Question: In the State of Washington do you need to file papers to become an LLC before you get a master business lic.?

Some friends and i are starting a small business and would like to know what we need to fill out first, the application to form a LLC or the master business lic.? Can we file for master business lic. first? How would this effect our taxes

Answer: You can (and, should) do both at the same time. You can do this online at the state’s official website. Go to the website and click the BUSINESS link … it will be obvious from there.

Your personal taxes won’t be affected until you start transferring revenue from the LLC to yourselves. The business’ taxes won’t be affected until it begins earning money.

Congressional Overhaul Sent to Obama Maps Future of Financial Regulation

The regulatory overhaul Congress sent today to President Barack Obama will prompt federal agencies to rewrite rules for how financial companies conduct business with each other, with other industries and with consumers.

ObamaCare Hits Families and Small Businesses With Tax Hikes, Costly Regulations

Question: Moving an S Corporation from Florida to New York. Should I register as a foreign corporation or dissolve it?

I am moving from Florida to New York and have an S corporation with 1 employee (myself). The company was incorporated in Florida a few years back. The company has yet to make any profit, but that will change as of Jan 1, 2010. Should I register to do business as a foreign corporation in NY or dissolve the corporation altogether? I believe there is a tax free reorganization option as well. Just trying to see what makes the most sense financially (and tax wise), as Florida has traditionally been business friendly.

Answer: First, find out what the consequences are of registering a Florida corporation as a foreign corporation in NY. Knowing New York, there is sure to be some tax implication.

Medicare corruption gusher worsens

Among South Florida’s fearless Medicare rip-offs — and there are thousands — is the story of Guillermo Denis Gonzalez.

Gov. Crist Explains Business Tax Break

Question: Is the US Federal Tax ID (EIN) to be used as a VAT No for import/export? Different?

Answer: The United States does not impose a VAT (value added tax). The following customs publication states
“The U.S. Customs Service does not require an importer to have a license or permit. Other agencies may require a permit, license, or other certification, depending on what is being imported. Customs entry forms do ask for your importer number. This is either your IRS business registration number, or if your business is not registered with the IRS or you do not have a business, your social security number.”

Die besten Nordamerika Aktienfonds

Die Fondsmanager der besten Nordamerika Aktienfonds haben exklusiv für e-fundresearch 5 Fragen zur konjunkturellen Entwicklung in den USA, den Gewichtungen in ihren Fonds, den Fundamentaldaten und den Performance- und Risikokennzahlen beantwortet.

FeinSearch.com – EIN Search, Tax id search, Federal Tax ID, EIN Lookup, Find EIN

Question: Tax Question: U.S resident, self employed working for foreign company?

I live in the U.S (natural citizen) and will work out of my home in the U.S. as an independent contractor working on a project for a company in Canada.

How do I pay taxes? Like normal to the U.S. or do I pay Canadian taxes too? Everything I’ve googled returns things about canadians living and working here.

Any help appreciated.

Answer: Well you are working in the US and the Canadian company should sent you a 1099 or W4 – don’t know how you are compensated at year end. You taxes are due to the US since you reside and work in the US.

Grainger Reports Second Quarter 2010 Earnings Per Share of $1.73, Including $0.08 Contribution from Unusual Item

Grainger today reported results for the second quarter and six months ended June 30, 2010. Â Second quarter sales of $1.8Â billion increased 16 percent versus the 2009 second quarter. Â Both quarters had the same number of selling days . Â Net earnings for the quarter increased 40Â percent to $129 million versus $92 million in 2009. Â Earnings per share increased 43Â percent to $1.73 versus $1 …

Tax Talk – Paul DioGuardi on…” Audit? Why Me?”