First page of the Taxes Business archive.

should i file my business and personal income taxes seperately for the irs?

Posted by mcomv.com on February 18, 2012 with 3 Comments
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Question by phil d: should i file my business and personal income taxes seperately for the irs?
i had a regular job the first part of the year, so there are regular 1040ez taxes to be filed as usual. but also i started a small home based LLC late in the year. the business hasn’t made much money yet, but there are already alot of materials, expenses, etc to write off for 2007…..i was told that my business was small enough to use the regular forms for income tax but i could use some advice……thanks!

Best answer:

Answer by Traci
My parents did. I think you should too. So… Yes.

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Why are big businesses not paying taxes; yet, they are passing on their business taxes to the consumers?

Posted by mcomv.com on February 13, 2012 with 2 Comments
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Question by MomsD: Why are big businesses not paying taxes; yet, they are passing on their business taxes to the consumers?
By this it is meant they do not pay the various excise, federal, state and local taxes assessed by these entities as part of their doing business, but instead, they tack these taxes onto consumer billings, why is this allowed by the various governments? At the same time they are allowed various operational cost write-offs against their business income, but the consumer is not granted the same privilege of writing off these business taxes being charged to them, as if they are operating a business which is not true.

Best answer:

Answer by blktan24
what taxes do they pass to you through “consumer billings?” are you referring to sales tax? they give that the the state quarterly and that is not a tax that is talked about when paying no tax. it is almost always no INCOME tax.

you don’t understand the tax code at all.

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Business and Personal Taxes for a LLC Partnership?

Posted by mcomv.com on February 8, 2012 with 1 Comment
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Question by cleaningdirtbanditsllc: Business and Personal Taxes for a LLC Partnership? Myself and my partner Jenny started an LLC Partnership in October of 07. For taxes do I file my personal taxes first then file my business taxes or how would I or we do this. We both own 50% of the business. Please help. [...]

Who knew that more talk about raising business taxes would tank the market?

Posted by mcomv.com on February 5, 2012 with 6 Comments
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Question by mw99nd: Who knew that more talk about raising business taxes would tank the market? I guess our nation no longer wants to be #2 for the highest effective business tax rate, now we are going for the gold…. I don’t mean to repeat myself, but this Congress and President do not know what [...]

What is the fastest and easyist way for me to do my taxes and my small business taxes online?

Posted by mcomv.com on January 18, 2012 with 2 Comments
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Question by Aaron: What is the fastest and easyist way for me to do my taxes and my small business taxes online? I need to do my personal taxes, as well as my taxes for my small business taxes. Note: Yes, I know I missed the Deadline. Best answer: Answer by DANget turbotax Know better? [...]

I filed a business license but never actually started the business. Do I need to file my business taxes?

Posted by mcomv.com on January 17, 2012 with No Comments
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Question by jazcy: I filed a business license but never actually started the business. Do I need to file my business taxes? Last summer I filed a business license but never actually started the business. Do I have to pay taxes; rather do I need to file my business taxes. At this time, I am [...]

Do i need to file Business Taxes?

Posted by mcomv.com on January 13, 2012 with Comments Closed
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Question by Orange: Do i need to file Business Taxes? I opened a Business Bank account last year, and got a Tax ID number with it. The bank account only help about $ 200 the entire time i had it, and i just closed it down recently. Do i need to file Business taxes for [...]

Do I need to be worried about taxes as a small business owner?

Posted by mcomv.com on January 13, 2012 with 5 Comments
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Question by Ashley S: Do I need to be worried about taxes as a small business owner? I started my small business this year. It is a sole proprietorship and I am the only owner/employee. It is looking like I’m not even going to break even this year as far as profit vs. expenses go. [...]

What is the best way to learn how to do business taxes?

Posted by mcomv.com on January 12, 2012 with No Comments
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Question by Domonique: What is the best way to learn how to do business taxes? My husband and i have a business and i want to be more involved with the technical part since that is not his strength but it is mine, please let me know if you know of any good resorces that [...]

Do I need to file business taxes to claim a business loss?

Posted by mcomv.com on December 16, 2011 with Comments Closed
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Question by A K: Do I need to file business taxes to claim a business loss? The business closed in ’07, but we are still paying off the loan and other debts in ’08. Best answer: Answer by v bIf you don’t file, the expenes don’t exist. Paying the loan off is not a reportable [...]