Business Tax Help Homepage

Small Business Tax Deductions

Business Tax Returns

Business Tax Software

Taxes And Businesses

Business Tax Filing

Business Tax Rate

Business Tax Credits

Self Employment Tax

Online Business Taxes

Business Tax Preparation

Business Tax Deductions

Business Tax Planning

Small Business Taxes

Business Tax Id

Business Tax Help

Home Business Tax

Business Tax Forms

Franchise Tax

Corporate Tax

Small Business Tax Services

Business Tax Help Homepage

Powerful business tax help information

Get your biggest tax refund, guaranteed. Plus FREE Expert Tax Advice. Download TurboTax® for Windows now.

Business tax help!?

Question: Business tax help!?

(Posted by: pandamoniumusa on 2008-07-27 12:19:05)

Im thinking of starting my own business online, I took a business course but i have to admit im still lost! I heard that I was allowed to make so much money from my business before i have to get a business license is this true? ( i live in virginia) and i also need to know if i can buy one of those quick books programs to do my taxes from my computer? does it work the same as when i do my personal taxes? and also what records do i need to keep?


Answers:

Posted by: Walter J on 2008-07-27, 23:32:12

Business licenses, as Mudbug says, are handled at the local or state level, and depend on the type of business, location, and other factors. You may also need to get a state sales tax number. Quickbooks is a good program for keeping track of your income and expenses, but for tax preparation you will need a separate tax program. if you are a sole proprietor, you report your business income on Schedule C, and most personal tax programs will have that form. For other forms of business, you will have to get a business tax program that has forms for partnerships and corporations.

  

Posted by: mudbug on 2008-07-27, 12:51:47

Your business license is issued locally (check with city/ county). if you set up as a sole proprietor you file an additonal two or three forms with your individual income tax return. why not use the free IRS tax stuff at irs.gov

  

Powered by Yahoo! Answers®


Back to Previous page

Payroll outsourcing. Trusted by over 500K U.S. businesses. Get a free quote at Paychex® today!

Online Tax ID Number Application

Bookmark Business Tax Help Homepage

Sitemap | Terms of Use | Privacy Policy | Contact

© copyright 2011-2012 BusinessTaxFiling.net, All Rights Reserved.

Legal Notice: This website is powered by Amazon®, Adsense™, Yahoo!® Answers and Youtube™. All trademarks are copyrighted by their respective owners. Please read our terms of use and privacy policy.