Taxation

Where is the NAICS code located on my tax return? The NAICS number will usually be found in the upper right side of the tax return. Read more on startingyourbusiness.com Business establishments in Canada, Mexico, and the United States are categorized according to their economic activity using the North American Industry Classification System (NAICS), a … Read more

Does everyone get a 1099-G? Generally, federal, state and local governments issue a Form 1099-G when they pay someone any of the following: Unemployment compensation. State or local income tax refunds, credits or offsets. Re-employment trade adjustment assistance payments. Read more on www.creditkarma.com Many people find discussing taxes to be stressful and complicated. The 1099-G … Read more

Why do I need form 8832? An eligible entity uses Form 8832 to elect how it will be classified for federal tax purposes, as a corporation, a partnership, or an entity disregarded as separate from its owner. Read more on www.irs.gov A tax form called Form 8832 is used to select your company entity’s tax … Read more

How much is sales tax in NY? The New York (NY) state sales tax rate is currently 4%. Depending on local municipalities, the total tax rate can be as high as 8.875%. Read more on www.avalara.com A tax on the sale of goods and services is known as sales tax. The point of sale is … Read more

Does Wyoming have a franchise tax? The one important exception to the general absence of major business taxes in Wyoming is the state’s annual license tax (also known as the franchise tax or fee). The license tax is a tax on a business’s assets in Wyoming, and applies to corporations, LLCs, and limited partnerships. Read … Read more

Does Kansas require a seller’s permit? State of Kansas Business Licensing. The main state-level permit or license in Kansas is the seller’s permit. You must obtain a seller’s permit if you: Are engaged in business in Kansas. Intend to sell or lease tangible personal property or services that would ordinarily be subject to sales tax … Read more

What is Arkansas tax exempt? Sales Tax Exemptions in Arkansas. Several examples of exceptions to the sales tax are certain items which are used in pursuits such as agriculture and construction. Many states have special, lowered sales tax rates for certain types of staple goods – such as groceries, clothing and medicines. Read more on … Read more

Do businesses get tax refunds? Generally, C-corporations are the only type of business entity eligible for a tax refund. Your business also might receive a tax refund if it overpays on payroll or sales taxes. Read more on www.nerdwallet.com Businesses must pay taxes on their income just like people do. Businesses, on the other hand, … Read more

Where do I send my back tax returns? Florida, Louisiana, Mississippi, Texas: Internal Revenue Service, P.O. Box 1214, Charlotte, NC 28201-1214. Alaska, Arizona, California, Colorado, Hawaii, Idaho, New Mexico, Nevada, Oregon, Utah, Washington, Wyoming: Internal Revenue Service, P.O. Box 7704, San Francisco, CA 94120-7704. Read more on www.zenefits.com When you have missed the deadline and … Read more

What is my Fein for my LLC? You can locate your EIN on your confirmation letter from the IRS, old tax returns, old business loan applications, your business credit report, or payroll paperwork. You can also call the IRS to look up your federal tax ID number. If you need to locate another company’s EIN, … Read more