The Small Business Tax Help Blog

Posts Tagged ‘id’

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Events Orangutan Birthday Celebration: The El Paso Zoo staff will help Henry the Sumatran orangutan celebrate his 19th birthday from 12:30 to 1:30 p.m. Saturday and Sunday at the zoo, 4001 E. Paisano.

Business Laws : How to Form a Partnership

Question: 1099 breakdown — Urgent!?

Hi,

I received an e-mail from someone I’ve worked with last year on his website and received a total of $500 for my service there.

In this email he writes:

, , and

We are taking care of some tax details and would like to send you 1099s. Please provide the information below by Monday:

1) Official business name (your full name if individual)

2) Contact name

3) Tax ID (Corporate EIN number if a company; SSN if an individual)

4) Phone number

5) Complete mailing address

Thanks.

—–

Wouldn’t I be exempt from replying the 1099 because I was paid less than $600 for my service as a lone freelancing individual? Also, I do not know this individual personally and am iffy about sending my SSN as I don’t know my TaxID nor do I work for a company. Is there any way I can mask the SSN (I am a 20 year old unemployed U.S. Citizen) if a reply is mandatory?

Thanks!

Answer: Don’t know where Mark gets his information but it’s not from the Tax Code.

They were required to get your Name, address and SSN before they ever paid you. (If someone refuses to give me their information, they don’t get paid.) And while they are required to cut a 1099 for payments of $600 or more, they are free to cut them for lesser amounts if they choose. (I 1099 everything, even $1.)

If you are uncomfortable about putting your SSN in an e-mail, download Form W-9 from the IRS website http://www.irs.gov/pub/irs-pdf/fw9.pdf , fill it out, and snail-mail it to them.

If you don’t like handing out your SSN for self-employment gigs, consider getting an EIN from the IRS. You don’t require one if you are not paying employees but it’s a good idea to get one if you do the occasional contract gig as it is much less risky than using your SSN for that. You can get an EIN on-line here: http://www.irs.gov/businesses/small/article/0,,id=98350,00.html

Sewell wields baton for last time with WSO

Andrew Sewell conducted the Wichita Symphony Orchestra as its music director for the first time in October 2000. The program was New Zealand composer Douglas Lilburn’s “Aotearoa Overture,” Mozart’s Piano Concerto No. 25 and Dvorak’s Symphony No. 9 “From the New World.”

Spider Murphy Gang – Skandal Im Sperrbezirk 1989

Question: If someone only made $615 in gross sales from ebay…do they have to claim it on their taxes?

If they have a fed. id number and reported $12 in their semi annual state sales tax. They have efiled the reported $615 in July to pay their $12 state sales tax. But….NO sales have been made since July. Their Ebay store closed. Long story short what is the minimum amt. before income tax is charged and what forms will be needed for the $615??

Answer: If it's your only income - no. If you have other income and need to file for it, then yes.

Idiots below are wrong. You do NOT have to file.

Complying with Census 2010, protecting against scams

By Robert Carreira April 1, 2010, is Census Day! This month, census questionnaires will be mailed to households across the nation. The census is as old as the United States itself. Article 1, Section 2, of the U.S. Constitution calls for the enumeration of citizens of the United States to determine the number of representatives each state will have in the U.S. House of Representatives. It reads ...

No Verichip For Me Thanks!

Question: How can I obtain a business credit card using only my TIN?

Are there any credit card companies that provide credit to small businesses using only their Tin Or EIN as opposed to my social Security number. And also, once I receive a number from Dun and Bradstreet do they create a create profile for me or how does that work exactly?

Answer: I am not aware of any cards which do not require the applicant's SSN. If you see that, it's a sure fire sign you are not getting business credit, but personal credit. I am only aware of Staples and Dell who offer credit based solely on the business TIN.

You may want to get approved for those and, if appropriate, use them to establish business credit.

Every credit card application I see requires the SSN on the applicant. You can bet this will be on your report as an inquiry.

Nilekani to head FinMin's technical advisory group

The government today set up a committee headed by the UIDAI Chairman Nandan Nilekani to advise it on various IT initiatives taken in the areas of income tax, new pension system and the proposed GST.

Burmese Song - Thanks Mom

Question: Can a UK company get a US tax ID or EIN number from the IRS?

It’s okay, Ive sorted it, I got one.
Don’t think I was clear enough with the question but the answer is ‘YES’ a UK company can get a US tax ID or EIN number. To the people who answered my question. There are many, many reasons why a UK company might wish to get their own US tax ID. My reason is because I get my stock from the US and 90% of my customers are in the US% and my fullfilment company is in the US.

Answer: If you are a UK company and do not presence is the U.S., then you do not file the US taxes, so you do not need tax ID or EIN.
You will not get it.

PayPal Asks Sellers to Provide Tax ID Numbers

PayPal asked sellers to add their tax ID numbers to their accounts if they fall under the requirements of a new IRS reporting rule.

Utah County Tax ID (APN) Number Search