Money Snatchers

eat me hillary asked: Can any of you tell me why it makes sense to tax a work of legal fiction instead of taxing actual individuals?
I think some of you are missing the point.
Corporate taxes aren’t paid by the corporation to begin with, the price is merely passed on to the consumer.
As this [...]

rikdi2 asked: what is the difference between a federal id number, a resale license/number and a business license?

Carlos G asked: I know for personal income tax i have to pay tax on any icome earned overseas but do the same rules apply to corporations.

Rezand asked: For example, let’s say someone starts a C Corporation “Blahville, Inc” and initially funds the corporation with $3000 for 100% stake. Is the $3000 reported as income for the corporation? How is it tracked?

Steve K asked: I just formed a new subchapter S corporation in May 2006, with a tax year of 1/1-12/1. If I don’t know how much I will make this year, do I still have to pay taxes quarterly. If I don’t, will the IRS penalize me?

maksim k asked: Last year as I sold some mutual funds I had to pay a lot of taxes on capital gains and every year I find myself paying taxes on dividends for stocks I own. Can I simply open an S Corporation and invest my funds through that? I can then offset [...]

DLS asked: Does anyone know the tax rules for a non profit and can we build houses for substantially less so that families can afford them? As immigrants we may not be able to accomplish this for 10 or 20 years but it looks like the problem is substantial enough to hang around that long. [...]