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What if i don't have name for business when self employeed when filing taxes?
Wiki User
∙ 9y ago
You don't have to have a business name to have self-employment income and have to report it on your tax return. All you do is file a Schedule C and you don't have to put anything in the Business Name section. If you look at the form, it says Business Name, if no separate business name, leave blank.
Wiki User
∙ 9y ago
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What happens if a business owner dont file or pay their taxes?
A business owner can go to jail for not filing their taxes. The IRS considers this tax evasion. If a business owner does not pay their taxes then the IRS will get upset and send nasty letters to the business owner, but cannot put them in jail. The best advice is to seek professional help immediately! Don't go with just any company. Go with a company who has an outstanding Better Business Bureau rating and one that is very experienced in dealing with these types of matters. Don't wait and don't be scared! Take action and take control! You can get back on track before it is too late. The key is to ACT NOW!
If you dont pay state taxes what do you put in the state box when im filing online?
Nothing, or zero just so it knows you addressed it. (Several states don't have income taxes and many people don't have to pay them even in States that do).
If you own a business but don't draw a paycheck can debt collectors place a lien against your business?
If you own your own buisiness and dont get a paycheck, then you dont pay taxes on this buisiness then you could be in serious trouble with the IRS. Hope this helps a little.
What is the objectives of filing system?
The objectives in filing are, 1Efficiency 2Economy 3Simplicity
What are the taxes in Madagascar?
they dont have non
What taxes do paramecia have?
they dont have any
What will happen if a business owner dont file or pay their taxes?
Eventually the IRS will start sending you letters demanding that you file and pay and then when you continue to ignore them, they will start seizing assets.
How do you accuse someone who does not pay taxes?
you dont
What happens if you dont pay your taxes?
You go to jail
Do marines pay taxes?
on marine bases they dont.
How to file taxes self employed and not owe?
If your business does not make any money you dont owe federal tax. In NC you owe state tax even if you operated a sole proprietor lawn business and lost $5,000. Unfortunately I was just going to start a business there, think i changed my mind.
Why don't Indians pay taxes?
They dont pay taxes because they were the original inhabitants of north america
