Hi, I have a corporation created last year and didn't run any operations and businesses (so sales and income is $0), I filed the Corporate tax return earlier this year with everything 0. Now I want to close that corporation, based on what I read onli...read more
Hello! I recently began working for a foreign company. They do not issue W2s or 1099s. I am considered self employed. I'm confused about paying quarterly taxes. Do I need to buy TurboTax for Self Employed 4 times per year? Or does buying it once a ye...read more
i have a small side job on a hosting site that gives me a 1099, i have two employees that will take a 75% comission but im not giving them W-2s how do i write this on taxes? if i cannot write off the comission i will be losing money.
We are a small manufacturer and our inventory costs are high. As our end product contained oem components that have "no return" policies we require new customers to prepay 50% of our Bill of Materials costs. In June 2017 we invoiced a customer for $ ...read more
Last year bought brand new car on financing, can I Claim the following both :1. T2125 form, Area B,column 3,"total cost" claim car purchase price(after tax).2. Chart A, motor vehicle expensive. claim 2017 whole year's "car mortgage", because the car ...read more
Ok so if I understand correctly I was told if I make more then $400 a yr I have to file taxes still due to Social Security and Disability.If I make more the $400 but less then $3000 how can I pay Social Security Disability? I don't want to have to pa...read more
If you no longer have need for a schedule C, indicate that you stopped the business in 2017 in the General Info section of your business. This will remove the schedule C and any related schedules/worksheets going forward. If you had assets for deprec...read more