Sentences with phrase «filing as a sole proprietor»

I've filed as a sole proprietor with the State of MN and have been given all the nifty government IRS numbers to pay taxes.

I file as a sole proprietor.

The reason it works is that a single member LLC filing as a sole proprietor does not file it's own tax return.

Not exact matches

Now the couple files a joint tax return and prepares a separate Schedule C for each spouse, taking into account each spouse's share of income and loss derived from the business, as if they were each a sole proprietor.

Otherwise I'm pretty sure you have to think of it as YOU receiving the money as a sole proprietor - and file a couple more tax forms at the end of the year.

But last 3 years I did it myself and did a huge mistake: I did not file 1120s and filed only 1040 as sole proprietor.

If you or your spouse or common - law partner carry on a business as a sole proprietor or in a partnership (other than as a member of a limited partnership) during the year, you both have until June 15 of the following year to file your returns.

Note: If you had any other type of income from Indiana, such as farm income, rental income, sole proprietor income, etc., you can't file Form IT - 40RNR - you'll have to file the Form IT - 40PNR.

Your self - employment business has to meet some criteria (such as being profitable) and the plan needs to be provided through your own business (although if you're sole proprietor filing on Schedule C, it looks like having it in your own name does the trick).

Usually a sole proprietor files a 1040, Schedule C, Schedule SE... if you have employees as well as being a sole proprietor, then you are also required to file 941 ′ s each quarter there is an employee on the payroll and a 940 for the unemployment taxes.

In the event of the death of a licensed broker, who is the sole proprietor of a real estate business, the board shall, upon application by his legal representative, issue, without examination, a temporary license to such legal representative, or to an individual designated by him and approved by the board, upon the filing of a bond as aforesaid and the payment of the prescribed fee, which shall authorize such temporary licensee to continue to transact said business for a period not to exceed one year from the date of death subject to all other provisions of sections eighty - seven PP to eighty - seven DDD applicable to a licensed broker except that such temporary license shall not be renewed.