Taxation

How is a Wyoming LLC taxed? Wyoming LLCs pay a 30 percent tax on all income from U.S. sources to the Internal Revenue Service. Your U.S. taxes will be filed at the end of the year on Form 1040-NR. The IRS will refund overpayment if the actual amount due is lower than the stipulated 30 … Read more

Do I need a sales and use tax number Georgia? Read more on dor.georgia.gov You could be pondering whether you require a sales and use tax identification number as a business owner in Georgia. Yes, you do need a sales and use tax number if you intend to offer products or services in Georgia. This … Read more

If you’re delinquent in paying the property taxes on your West Virginia home, you could eventually lose ownership of the property. People who own real property have to pay property taxes. The government uses the money that these taxes generate to pay for schools, public services, libraries, roads, parks, and the like. Read more on … Read more

How do I change my LLC with the IRS? You need to complete Form 8822-B and send it to the IRS to change the EIN Responsible Party for your LLC. If the Responsible Party for your LLC has changed, you’ll need to update the IRS as soon as possible, as per their requirements. Note: Form … Read more

Is there sales tax on clothes in WV? During the holiday, certain back-to-school items are exempt from sales tax, such as clothing, school supplies, school instructional materials, laptops and tablets, and sports equipment. Read more on www.wboy.com West Virginia follows the same laws regarding sales tax that many other states do when buying products and … Read more

How do I get a letter of good standing from the IRS? In order to get a certificate of good standing, you must have paid all your business taxes, filed required documents, and otherwise complied with your state’s business regulations. Unlike a business license, you don’t need a certificate of good standing to conduct business … Read more

How much does a EIN cost in WI? If you form a one-member LLC, you must obtain an EIN for it only if it will have employees or you elect to have it taxed as a corporation instead of a sole proprietorship (disregarded entity). You may obtain an EIN by completing an online EIN application … Read more

What is the sales tax rate in Hennepin County MN? In addition to the 6.875% Minnesota sales and use tax, retail sales and taxable services to locations in Hennepin County are subject to the following local sales and use taxes: 0.15% Hennepin County tax (ballpark) 0.50% Hennepin County Transit. Read more on www.hennepin.us A type … Read more

Self-employed people use the Schedule C tax form to disclose their earnings and outgoings related to their business. The “Profit or Loss from Business” form is another name for it. This form is used to determine a business’s net profit or loss and transfer that amount to the taxpayer’s personal tax return. An extensive explanation … Read more

What is sales tax in New Mexico? New Mexico does not have a sales tax. It has a gross receipts tax instead. This tax is imposed on persons engaged in business in New Mexico. Read more on www.tax.newmexico.gov A sort of tax that is levied on the purchase of products and services is sales tax. … Read more