The Small Business Tax Help Blog

Posts Tagged ‘flickr’

Duo California – Ein Leben lang.wmv

Question: Can I register for an EIN even though I don’t need one?

I am the sole owner of an LLC in missouri. I have no employees. The IRS says my business doesn’t need my own Tax ID.

However, would it be possible and reasonable to apply for an EIN (Employer Identifcation Number) so I don’t have to use my personal SSN when signing documents (like opening bank accounts and such)?

I never intend on having employees, and my business is online, therefore, it doesn’t collect sales tax. However, I would still like my LLC to have its own Tax ID. Is this unheard of?

Answer: I don’t think it’s completely unheard of. Your best bet is to contact the IRS and ask them if this is okay to do. Although it’s pretty much the same thing as putting your own SSN because it all goes back to you.

PS- Since you are online, are you interested in trading ad space (I also have an online site)? Email me if so.

Es sass ein Käterlein auf dem Dach (trad. German), mandolin instrumental

Pokemon Black Version – Walkthrough

—————————————————————————— ——————– Pokemon Black and White Walkthrough ——————– —————————————————————————— ————————- Written by: Ryan Kampmeier ——–…

Dukes of Hazzard Theme

Question: IRS question starting a non profit organization?

I want to create a non profit organization to help pay for my own as well as other childrens private school education. Basically I would sell scrip and use the profit to pay for tuition. I would use on EIN numbe for banking only. I dont want to have to file as a none profit organization and pay the 300 dollar fee. I dont plan on making more then 5000 a year which would mean I would not have to file a tax return. Is it illegal at all to use the profit to pay for education since education is not able to be a tax deduction. Also is it illegal for my children to benefit from my non profit organzation?

Answer: Not gonna happen. You cannot form a non-profit organization that benefits a specific individual, in this case yourself and/or your children.

It would be OK if you formed one that would assist with the education of a specific disadvantaged group, say rural or inner-city youth, however neither you nor your children could receive any benefit from the organization.

900 Vermont nonprofits lose tax-exempt status

The Internal Revenue Service has announced that about 900 nonprofits in Vermont — out of about 275,000 organizations nationwide — have lost their tax-exempt status because they failed to file required reports. That means donations to those nonprofits are no longer tax-deductible.

Interview: Agnostic Loses Custody Of Kids

Question: Do I need file 1040 or/and state tax for a no-income business?

I set up a corporate June 2007 in california. However, it never worked out. I closed it out in March 2008. I have an EIN# for it, but there is no assets, no inventory, no sales, no employee but only less than $100 state filing fees expenses. (Basically, it is a blank corporation) I couldn’t find any information at irs.gov to see if I need to file tax return for it. Can anybody help we with that?
If so, how do I file it? Can I do it myself? Is there any information on government website?

Answer: You were supposed to file the corporate return by 3/15. You now owe at least 1 $85 penalty for failure to file.

You also owe $800 to the CA.

David Helfgott neuer CEO von Inmarsat USA

David Helfgott neuer CEO von Inmarsat USA

California Clan – Ein Essen im Poloclub (1)