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What state does your tax return check come from?
Posted by admin on Jun 13th, 2009Mandy asked: When they mail out tax return checks, what state do they come from? I live in California and I want to know when I will get it since it was mailed out Friday 03/09. Thanks
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Is a non profit corporation (church) exempt for real estate transfer tax in the State of Michigan?
Posted by admin on May 31st, 2009jason n asked: My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
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Do you still get personal tax in CA even if you have an S Corporation runing and earning money in Nevada?
Posted by admin on May 21st, 2009dsert_fox asked: If you own an S Corporation in Nevada and you receive all the checks and payments in Nevada. Do still get taxed in California? Do you have to be a Nevada resident? Or do you just get taxed Federal, because you earned everything in Nevada and Nevada does not have a State Income [...]
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How to pay the Use Tax in S Corporation?
Posted by admin on May 16th, 2009cheetahalways17 asked: When I buy items on the internet for my business, I often do not pay the sales tax. What is the correct way to handle the use tax? Do I increase the purchase price by the state’s sale tax, deduct it, and then pay it to the state on my personal return? [...]
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I just started my own s-corporation. How much tax should I be holding out?
Posted by admin on Apr 29th, 2009cheryann asked: I pay myself a salary each week from my weekly gross earnings and want to make sure that I am holding back enough to cover taxes. I am currently pay myself 2/3 of the gross each week and put the other 1/3 into an account for tax purposes. I am an [...]
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If a corporation invests in municipal bonds, is the interest they receive on the investment tax-free?
Posted by admin on Feb 27th, 2009tzs asked: I understand that if an individual invests in municipal bonds, they do not have to pay federal income tax on the interest, and usually do not have to pay state income tax on the interest either. But what if a corporation buys municipal bonds, do they have to pay federal income tax [...]