Taxation

Arizona’s S Corporation Tax: What You Need to Know

by

Does Arizona have S corporation tax? Arizona recognizes the federal S election, and-in most cases-Arizona S corporations are not required to pay corporate income tax to the state. However, individual S corporation shareholders will owe tax on their share of the company’s income. Read more on www.nolo.com You might be curious about Arizona’s tax laws … Read more

Do I Need an Indiana Tax ID Number?

by

Do I need an Indiana tax ID number? Indiana State Tax ID Number. Indiana requires your business to register with the state and get a state tax ID number if you plan on selling taxable goods and services, if you need to register for excise taxes, or if you plan on hiring employees. Read more … Read more

How to Get a Maine Sales Tax ID

by

You must request a sales tax ID from the state of Maine if you intend to offer products or services there. You need a license to be able to collect and send sales tax to the state, which is known as a sales tax ID or seller’s permit. Obtaining a Maine sales tax ID is … Read more

Is Peanut Butter Taxable? And Is Bottled Water Taxable in Indiana?

by

What is taxable and what isn’t taxable are frequently hot button issues when it comes to taxation. The taxability of bottled water and peanut butter in Indiana are two often asked questions. Let’s investigate these two queries. Taxation of peanut butter A lot of individuals around the world like peanut butter as a food. The … Read more

Can Form 3115 be Filed Electronically?

by

Can Form 3115 be filed electronically? When filing a return electronically, Form 3115 will be included in the electronic file. An additional Form 3115 will print with the actionable items and include filing instructions with the proper mailing address. Read more on cs.thomsonreuters.com Taxpayers can request a change in their accounting method by using Form … Read more

Do You Have to File Form 8886 Every Year?

by

Do you have to file form 8886 every year? Use Form 8886 to disclose information for each reportable transaction in which participation has occurred. Generally, Form 8886 must be attached to the tax return for each tax year in which participation in a reportable transaction has occurred. Read more on www.irs.gov If you engage in … Read more

Does Maryland Have a Food Tax?

by

Does Maryland have a food tax? How is food taxed in Maryland? In general, food sales are subject to Maryland’s 6 percent sales and use tax unless a person operating a substantial grocery or market business sells the food for consumption off the premises and the food is not a taxable prepared food. Read more … Read more

State Income Tax in Vermont: Everything You Need to Know

by

What is the state income tax in Vermont? Vermont’s Income Tax. Vermont has a progressive state income tax. Five tax rates tax income earned in different amounts, or “”bands,”” at higher levels. The lowest rate starts at 3.55%, then progressively bumps up to 7%, 8.25%, 8.9%, and tops out at 9.4%. Read more on www.findlaw.com … Read more