How to Obtain a Resale Certificate in Vermont

How do I get a resale certificate in Vermont? In order to prove that you intend to resell the product, you must provide a valid resale certificate to the seller of the goods. Obtain a Vermont Sales Tax Permit. Fill out the Vermont Sales Tax Exemption Certificate – Form S-3. Send the certificate to the … Read more

How to Notify the IRS of an LLC Name Change

How do I notify the IRS of an LLC name change? Write to us at the address where you filed your return, informing the Internal Revenue Service (IRS) of the name change. Note: The notification must be signed by the business owner or authorized representative. Read more on www.irs.gov It’s crucial to let the IRS … Read more

NJ Annual Report Fee Increases for LLCs

Did NJ annual report fee increase? For-profit business entities ? The annual report filing increases from $50 to $75 for all annual reports due on or after. Non-profit business entities ? The annual report fee paid increases from $25 to $30 for all annual reports due on or after. Read more on www.cgteam.com The cost … Read more

Do You Need to Be Incorporated to Be a 501c3?

Do you need to be incorporated to be a 501c3? The IRS requires a 501c3 organization to be organized as a trust, a corporation, or an association. (In general, most are incorporated.) A nonprofit must file the same initial paperwork as any corporation, with one difference: Nonprofits have a mission statement that clearly defines the … Read more

Resale Certificate in Hawaii: What is it and How to Obtain it?

What is a resale certificate in Hawaii? This form allows Hawaii buyers to purchase items from wholesale distributors without paying tax on the wholesale cost. The stipulations are that the items must be purchased with the intention of reselling them, and sales tax must be collected at the time of resale. Read more on www.salestaxhandbook.com … Read more

Prohibited S Corporation Shareholders: Who Can’t Own Shares?

Which of the following is prohibited from being an S corporation shareholder? S corporation shareholders are not allowed to include any S corporation debt in their stock basis. 22. For an S corporation shareholder to deduct it, a loss must clear three separate hurdles: (1) tax basis, (2) at-risk amount, and (3) tax-shelter rules. Read … Read more