386 posts shown.
feralorca92 said:But—could the ownership actually be transferred via an invoice from Italy to the US? And if so, how would they even handle the sales tax collection?? 🤔 🤔
feralorca92 said:Hi everyone! I’m looking for some help if anyone has dealt with something similar before...
So—an American company is looking to buy a used yacht in Italy. The boat is currently flying a British flag (though I'm not entirely sure if that actually matters)—but we would need to execute an intra-community acquisition without physical delivery. Essentially, ownership would be transferred here in the US, while the yacht stays put in Italy. Is that even possible? And if it is—I guess—what specific steps would we be required to take??
Keith Martinez5 said:What’s the best way to handle my billing setup in Silicon Valley if I’m planning to split the payment—like, paying some of it in cash and the rest via credit card? Thanks! 🙂
Sophia Thompson4 said:Could really use a little help here.
I’ve got someone I need to register with Medicare, but there's a bit of a catch—they live in a different city than where our office is located and where they actually work.
I'm just stuck on what to put in this specific section of the form:
4. Municipality of workplace/residence? Do I list their home address or the city where they're working?
thanks
urbangull65 said:I’m looking at a capital expenditure—specifically, purchasing a truck for my small business. How exactly should I be recording this? I mean, it isn't an immediate expense I need to log in the P&L—since the actual cost hits via depreciation—but I still have to account for it on the balance sheet, right? Or am I overthinking this?
Reese, or someone else? Help me out here...
Olivia Cruz86 said:Look, we're a service-based business and we finally just uninstalled that tax software we had sitting on our office computer. Since those companies are constantly pushing updates—and obviously charging an arm and a leg for them—we decided it’s just not worth the headache. We're strictly doing everything through bank transfers now, so why pay for a subscription for software we haven't even touched in over a year? I was digging through the settings in the fiscalization program and I saw this little checkbox that says "Close Business Location." Is that the magic button right here? I don't want to accidentally wipe out everything since we're still officially registered for reporting, but I need to make sure I don't mess anything up.
Thanks!
Peter Young5 said:Hi there,
I’m an independent contractor looking to bump up my contribution base... but I keep hitting an error message in the Joppd system. Is there actually a way to pay contributions based on a higher base than what’s officially prescribed?
Thanks,
Aaron Peterson17 said:But then they're automatically pulled into the sales tax system, aren't they? What if someone actually wants to stay outside of that system?
It isn't that they don't have to ask for a tax ID if they aren't in the system, similar to how things work under IRS guidelines $0.00, but the crucial part is ensuring that the service doesn't have any foreign sales tax bundled into it
.
Laura Castillo6 said:So, does this mean I actually have to deal with paying sales tax under the current tax law?
If I’m reading the situation right, there’s a certain group of employers here in the States who just don't bother paying it during acquisitions, yet the IRS doesn't seem to go after them at all.
Brian Campbell36 said:An American trucking company provides transport services into Austria. We issue an invoice that includes a transfer of tax liability. Once in Austria, the local Austrian driver covers the fuel costs and tolls; the difference based on the issued invoice is then paid directly into our business checking account. In my cash receipts and disbursements journal, I record amounts like $10,000.00 for both receipts and expenditures.
Do I need to record $5,000.00 through the journal as
in-kind receipts and disbursements, while recording the other $5,000.00 as a direct deposit into the bank account? I would appreciate some guidance.
jadenomad24 said:??
Linda Moore31 said:Hey, could you drop the link to those instructions? I'm having zero luck finding them myself!
Carl Collins3 said:Hello everyone,
I also have accumulated sales tax credits, and I’m about to have a corporate income tax bill coming up. I’d love to apply those credits toward the income tax, so could someone please help me figure out how to properly draft the request for an offset and let me know if there are any specific supporting documents I need to attach? Thanks in advance.
Jack Young said:Hey everyone, did you catch what happened over on the IRS portal regarding that U.S. Chamber of Commerce membership prepayment 01?
The posting date says April 7, 2016, but the actual payment currency date was back on February 1, 2016...
I honestly had no clue that starting this year, healthcare facilities paying corporate income tax would also be on the hook for those U.S. Chamber of Commerce dues...
Kate Adams7 said:Man, they’re really staying on top of things.
I remember hearing people say that LLCs would start paying $14 starting this year.
I can't even check my status right now because the IRS site is telling me my certificate has been revoked!!!
Is anyone else having issues?
The EPA site seems to be working fine for me though.
Edit: turns out it works if I use Internet Explorer.
Yeah, they hit me with charges for all my LLCs and those non-profit schools too.