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The business activity code for a Schedule C return with a code of '999999' is for an unclassified establishment.

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AnswerBot

6mo ago

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When should you use Schedule C instead of Schedule C-EZ to report her business income and expenses?

You can use schedule C-EZ instead of Schedule C only if you:• Had business expenses of $5,000 or less.• Use the cash method of accounting.• Did not have an inventory at any time during the year.• Did not have a net loss from your business.• Had only one business as either a sole proprietor, qualified joint venture, orAnd if you:• Had no employees during the year.• Are not required to file Form 4562, Depreciation and Amortization, for this business. See the instructions for Schedule C, line 13, to find out if you must file.• Do not deduct expenses for business use of your home.• Do not have prior year unallowed passive activity losses from this business.


Example of business establishment?

metal and timber business


Define what is a business activity?

Business activity refers to transactions that move the business forward. Sales, customer service and shipping products are all aspects of business activity.


Why is owner of a business is interested in the activity of a business?

The activity of the business is what generates money for the business and the owner will want to maximize income.


What is a schedule C?

Schedule C is used to report profit or loss from business.


Can you give a sentence using the word establishment?

The establishment had been there for over 100 years. The establishment of the new business was a landmark for the community. The injury led to the establishment of a new procedure.


Difference between off premise and in premise?

Off premise means away from the business building or establishment. In premise means inside the business building or establishment. Premise is the building that houses a business or organization.


Establishment of cyber cafe business?

i know nothing as per the topic but willing to know for establishment purpose


Need for business ethics?

Absolute and essential for a long term successful establishment of business


What are types of business activity?

Any activity which results in monetary transaction is a business activity. The only apparent exception is barter activities. Still they are also considered ass business activity, as they result in value addition that can be converted into money. Thus all activity with an intent for value addition. measured in terms of money, can be classified as business activity.


Why is business activity needed?

Business activity is needed to provide services and goods to satisfy wants and needs as well as to provide jobs. Business activity helps keep the economy going.


What do you mean by business proposition?

business is an economical activity