Taxation

Does a single-member LLC need to file Form 941? Steps for Filing as a Single-Member LLC. Use Schedule C to report business income and loss. Report employment taxes if your LLC pays employees. File Form 941 quarterly if the withholding is less than $1,000. Otherwise, file Form 943 at the end of the year. Read … Read more

What is the sales tax on furniture in South Carolina? South Carolina has state sales tax of 6%, and allows local governments to collect a local option sales tax of up to 3%. There are a total of 115 local tax jurisdictions across the state, collecting an average local tax of 1.491%. Click here for … Read more

What is subject to Pa use tax? A use tax, at the same rate as sales tax, is due on taxable purchases of tangible personal property or specified services used or consumed in Pennsylvania where no sales tax is paid to a vendor. For example, the purchase may have been made out-of-state. Read more on … Read more

How much does a tax ID cost in Oklahoma? How much does it cost to apply for a sales tax permit in Oklahoma? It costs $20 to apply for an Oklahoma sales tax permit. There’s also a convenience fee of $3.95 for paying with a Visa Debit card and a convenience fee of 2.5% for … Read more

Who pays taxes for an S corp? Do S Corps get 1099 forms? S Corps don’t pay corporate taxes the same way as C Corps do. Instead, the profits pass through to the owner’s tax return and then the owner pays income tax on the profits. Each year, the S Corp must file a corporate … Read more

How do I file taxes if I get paid under the table? You can use IRS Form 1040 or 1040-SR to accurately report your cash income. If this money was not reported to your employer, such as a scenario in which you earned cash tips, you should report these funds using IRS Form 4137. Read … Read more

What taxes does an S corp pay in Florida? Florida recognizes the federal S election, and Florida S corporations are not required to pay income tax to the state. In addition, because Florida has no personal income tax, S corporation shareholders also are not required to pay tax on their income from the S corporation. … Read more

Does Rhode Island have local sales tax? The base state sales tax rate in Rhode Island is 7%. Local tax rates in Rhode Island range from 7.00%, making the sales tax range in Rhode Island 7.00%. Read more on wise.com Despite being one of the smallest states in the union, Rhode Island has a hefty … Read more

What items are exempt from sales tax in Utah? Sales Tax Exemptions in Utah. Several examples of items which are considered to be exempt from Utah sales tax are prescription medications, items which are used in agricultural processes, fuels, medical equipment, or items used in manufacturing. Read more on www.salestaxhandbook.com The majority of products and … Read more

What is Iowa’s sales tax rate? 6% The Iowa (IA) state sales tax rate is currently 6%. Depending on local municipalities, the total tax rate can be as high as 8%. Food and prescription drugs are exempt from sales tax. All businesses selling tangible personal property or engaging in retail sales must register with the … Read more