asked
I am a small business owner in Massachusetts, and I am trying to understand the sales and income tax requirements. Specifically, I need to know if I have physical nexus in my state for sales tax purposes, how often I need to report collected sales tax, how to report it, and how income tax works for my small business. Additionally, I am unsure if I need to make quarterly estimated tax payments and whether it is necessary to elect S-Corp status for my business.
June 6th, 2024
I am unable to pay my tax and need help with the process. I am located in Australia, 31 years old, have a partner, and estimate I might owe around $1000. I want assistance in paying the tax before the due date.
August 26th, 2023
I have $13,271.30 in social security income, $17,100.91 in work income, $1,915 in savings income, and $5,232 in pension income, totaling $48,136 including some interest received. Do I have to pay Federal tax on the whole $48,000?
November 12th, 2024
If my ecommerce business is located in Illinois and I sell a taxable product to a customer whose billing address is in Illinois but whose shipping address is in another state, does this customer get charged sales tax?
November 19th, 2023
What would happen if I file 1099-NEC forms for my contractors late, and what are the potential penalties on my end as the payer?
September 20th, 2023
I received a 1099R coded 6 for a 1035 exchange. I know it is not taxable federally, but I live in Massachusetts and can't find if this is taxable in the state. What is the tax treatment of a 1035 exchange in Massachusetts?
March 24th, 2024