The Tax Questions Blog

Posts Tagged ‘business’

Question: Where can I locate corporate annual reports and tax filings?

I want to do research on certain corporations' annual reports and see their tax returns. I understand neither are considered proprietary but part of the public record, but don't know where to locate this information. Please advise.

Answer: Annual reports are usually available on the company's web site under Investor Relations. If not t here, you can call the investor's relations department and request copies of the annual reports. SEC filings can be found by using EDGAR, the SEC's electronic database. Tax returns are not public records - there was some discussion in the early years of this century about making portions of the tax returns public, but nothing ever happened.

ADDING MULTIMEDIA Bel Fuse Sends Letter to Pulse Electronics Regarding Business Combination Proposal and Election ...

JERSEY CITY, N.J.--(BUSINESS WIRE)--Bel Fuse Inc. delivered a letter to Ralph Faison, Director, President & CEO of Pulse Electronics on the Pulse Board's rejection of Bel's proposal to acquire all outstanding Pulse shares for $6/share.

Tax Information Help and advice on Filing Your taxes IRS

Question: filing unemployment?

i currently reside in louisiana where i work with a millwright company. the company often sends me to other states such as oklahoma, mississippi, etc. we recently found out that there is not going to be enough work for everyone to stay employed for 2-4 months. my question is this-

1.) will i qualify for unemplyment?
2.) what state do i file in? i live in louisiana but i heard if you work in more than two states in a year you can file anywhere?

PLEASE HELP!?

Answer: you may qualify for unemployment depending on how much you made during each quarter,and how long you been working.you file in the state of louisiana and tell them of all the places you worked for your company and they will do the rest.and no you can only file one time in the state you reside in.

State Faults Holland District's Budget Practices

The Holland Central School District has enjoyed a full piggybank of reserve money over the years, something state auditors feel is a detriment to the community's tax base. An audit compiled by the Office of New York State Comptroller examined the district's budgetary practices for the last five years and stated the administration and School Board "did not prepare reasonable budgets" from the ...

6/16/10: White House Press Briefing

Question: How do I pay taxes for stuff I sell on ebay?

I'm planning on selling body jewelry on ebay (hopefully it works out). I'm a poor college and I need money.

Anyway, if the selling does happen to be successful, how do I go about paying taxes? I've never paid taxes before.

(I've never had a "real" job before. I made a lot of money in high school petsitting).

Answer: Well I think that if you sell under a certain amount, it may be classified as a "hobby" and you wont have to pay taxes on it. Please do not take my word for this, go ask a professional.

And in the case that you do pay taxes, I think that you can just fill out a 1099 at the end of the year, that you will list your sales minus expenses, and this amount will go onto a certain line on your personal 1040 tax form.

This is all for income tax.

As far as sales tax, if you are a bona fide business, then you'd have to collect sales tax from a buyer who lives in the same state as you. Say you live in California, if you sell to someone in California, you have to collect the sales tax. You would have to apply for a sales tax license in this case. If you sell to someone else, like me in Michigan, then you don't have to charge me sales tax.

BW

My Virtual Life

A journey into a place in cyberspace where thousands of people have imaginary lives. Some even make a good living. Big advertisers are taking notice

Do I Have To Pay Taxes on eBay Sales

Question: How to file tax return for partnership/LLC?

We (3 of us lives in different states) started a new partnership/LLC company in Maryland in 2006 (one of us lives in Maryland). We had a few thousand dollar expenses (for equipments) but had no income nor any real business in 2006. We need some basic knowledge about filing the tax.
1. We do not have any accounting person. Do we need to hire one or it is pretty simple and we can do ourselves?
2. What software we can use?
3. When is the deadline for filing federal and state tax?
4. Any other suggestions?

Thanks.

Answer: You should hire a tax professional to assist you instead of posting the questions here to save money.

Unfortunately, too many people commonly set up companies without knowing about the tax consequences of their actions.

Anyway...

You can prepare your own tax return IF you are comfortable with doing so.

Any tax software will do. Remember that it's NOT necessarily the softwares fault. The software primarily summarizes and categories the amounts based on the user's input. Garbage in, garbare out!

Which state is the business actually located in? Many people can register their business in ANY state but actually do business in another state. Many people incorporate in Delaware (since DE laws are more "liberal" than some other states) but they operate their businesses in other states.

An LLC can CHOOSE to file as a partnership or a corporation (i.e. Check the box rules). The type of entity will help determine many factors such as the filing deadline (Generally, most LLC's file as a partnership).

EACH state has Different laws regarding LLC's so you MUST be familiar with the laws of your state.

A tax professional can assist you. Better yet, if someone (i.e. your attorney) helped register your LLC papers, ask that attorney for tax advice! That's what you paid for!

Auction of York County's Marquis shopping center canceled Thursday

Attendees appeared stunned; auctioneer gave no explanation A planned auction of the long-foundering Marquis at Williamsburg shopping center in upper York County was abruptly canceled Thursday, an hour after its scheduled start.

Dale Earnhardt, Jr. TaxSlayer.com

Question: What Kind Of Tax Dollars Go To Pay Certain Structures?

Okay, well I have a questions and am trying to learn about how the govt system works. City sales tax, property tax, federal income tax, etc...... I am wondering so I am asking you guys for help. I need to know what kind of taxes are used to pay for the following structures?

1. city park?
2. army tent?
3. public school textbooks?
4. Street Lights?
5. police/fire training?
6. public school teachers salaries?
7. flood control?
8. free/reduced lunch programs?
9. public university tuition?
10. national park system?
11. strip shopping center?
12. infrastructure of a city?
13. county hospital/indigent care?
14. Local Charities?
15. City Animal Control?
16. cab service?
17. park & ride lots?
18. Public University tuition?
19. City Lake?

Answer: Let's see. I will look it up so you don't have too. AS IF.

What You Really Pay for at the Pump

Oil is a big part of gas prices, but taxes, refining costs, and distribution play a role, too.

161 Federal Tax Charges, 0 Convictions