Money Snatchers

stebbinsd asked: A distinct feature of the corporate business model is that they’re taxed “as a corporation.” What exactly does that mean? What are the details of being taxed as a corporation? Please cite your answers if you want to be rated as a best answer.
A distinct feature of the corporate business [...]

why? asked: since then I consider myself selfemployed and have paid estimated taxes. The question is this: what and how should I file taxes at the end of this year? Does any taxes I paid earlier in the year towards my corpration prior to closing comes into accout towards my 2006 return? or do I [...]

DaveG asked: if the accounting period for filing accounts with companys house is different from the tax period, do i have to draw up new accouts for the exact dates of the tax period to send with the tax return?

Aimee B asked: I started a California S Corporation in May 2008. I am taking the automatic extension to September 2009. Since my S Corp was only a partial year, I didn’t have to pay the minimum tax of $800 for 2008.
Do I have to send in the 2009 minimum by April 15, 2009? [...]

Lets C asked: I started S corporation in 2008 and received a document regarding my corporation tax fillings through USPS a week ago. But i misplaced the document somewhere couldn’t able find it now.So can anyone please let me know if there is any site where i can go and get/view that.

crm_dvd9 asked: If a U.S. corporation has income from doing business in Quebec, does the U.S. corporation have to file a T2 corporate income tax return or do they only need to file a Quebec provincial corporation return? Please provide a link with answer.

DJP asked: I’m thinking that all I have to do is adjust the “loans from shareholders” part of the balance sheet on the 1120s. Is this correct? Any insights is appreciated.
Thank you.

king asked: let’s say, an s corporation makes a profit of a 100k a year with only one owner/shareholder. the one owner takes all the profit of a 100k as his income. in what procedure is he going to get taxed? is it better for an owner to say he earned 70K [...]

David B asked: can i give donors a ccn in lieu of a tax id number?

twisno1 asked: Do they just accept the loss or raise the prices of their goods and pass the tax burden on to the consumer.
P.S. This is a pretty easy question to answer if you have any knowledge of the economy whatsoever unlike most Democratic constituents.