Posts by Drew Rogers6

ironcyclist58 said:https://support.google.com/accounts/...n-app-password

So, it’s just not an option anymore? If I actually managed to wrap my head around what they're saying here...

Up until now, I’ve been using Outlook to handle all my Gmail stuff because—let's be honest—it's way more user-friendly than just sticking to the Gmail interface. But for the last few days, Outlook has been flat-out refusing to let me log in. Is there any way I can fix this myself?
It keeps throwing this error at me:
AUTHENTICATIONFAILED] Invalid credentials (Failure)

Here’s the setup:
Account: xxxxxx
Server: imap.gmail.com
Username: xxxxxxx@gmail.com
Protocol: IMAP
Port: 993
Secure (SSL): 1
Code: 800cccd1

Nicole Wells38 said:The company is private and deals in both new and used vehicles. We mostly stick to used ones because everything is over 3729 miles. The thing is,
we aren't buying these cars for personal use; we’re buying them exclusively to flip for profit. Because of that, I'm thinking we don't have an obligation to file a Form S, right? Just a summary report if we sell it to another company within the European Union.

Oh, you absolutely have to file with the IRS. Period. I run a business selling used commercial trucks, and let me tell you—if you don't have that official tax stamp proving you reported the acquisition alongside the purchase invoice, your customer is stuck. They won't be able to register the vehicle, and they'll end up getting it impounded by the police. So, yeah! You're filing that paperwork with the IRS.

Kate Adams7 said:So if there’s no sales tax because it’s exempt by default (not even a reverse charge situation), I wouldn't even list it under received services in the EU system or include it in my tax filings.

I deal with something pretty similar—educational certificates that aren't subject to sales tax, neither on their end nor ours. Honestly, the institution issuing them doesn't even have a standard Tax ID, so I couldn't put them in the tax reports anyway. But even if I could, it feels wrong to try and calculate sales tax on something that isn't taxable to begin with. 🤔

The invoice explicitly states "INTRA-COMMUNITY SUPPLY," which means an intra-EU purchase, so I'm pretty sure I actually *do* have to account for it—even though there's no mention of a reverse charge. On top of that, Customs and insurance didn't bill me directly; instead, the car dealership we bought the truck from just bundled those costs into the pre-billing. 🤔

Drew Rogers6 said:So, when we picked up that used commercial truck, we paid for those export plates using a separate account—and just like the main one, there’s no sales tax on it. Do I still need to run that specific account through the "Services Received from the European Union" section?

Anyone?

So, when we picked up that used commercial truck, we paid for those export plates using a separate account—and just like the main one, there’s no sales tax on it. Do I still need to run that specific account through the "Services Received from the European Union" section?

When does a business actually have to register for VAT within a European Union member state? I know every single country plays by its own set of rules and different legislation, but I need at least a few solid examples to work with here. We aren't dealing with real estate rentals, construction, or travel agencies—none of that. It's mostly just providing transport services to other businesses within the EU and picking up goods from other EU taxpayers. Any thoughts, ruggedmaker2?

Carol Price4 said:Just book that invoice in September—then both your sales tax and your tax filings will match up for the month.

So I called the IRS, and they're telling me the sales tax filing is due in month 8—but then Customs is out here saying Intrastat happens in month 9! 🙂

So, I've got a bit of a headache here—the date on an incoming invoice from a supplier in the European Union says August 31st, but the actual payment and delivery didn't happen until September 3rd. Which date am I supposed to use when I'm logging this into my sales tax records? And what about Intrastat? Thanks!

ruggedlynx63 said:Quick question here: I know when we’re shipping physical goods, besides the standard sales tax filings, we have to submit those ZP forms... but what happens when an invoice goes out for brokerage services provided to companies within the European Union? Is there anything else that needs to be filed with the IRS beyond the usual tax returns?

The summary report applies to both goods and services—I handle transport services myself and always file the ZP. Honestly, unless that brokerage service has some weird, specific tax loophole attached to it, I wouldn't know.

David Mitchell4 said:Exactly. If an LLC is sitting at a 20% tax rate, it’s frankly absurd that a sole proprietor gets hit with a staggering 40%. I mean, realistically, both entities are justifying the same types of expenses; what extra hoops is a freelancer supposed to jump through? 😁
Don't get me wrong, I follow the logic, but you often see these ridiculous takes online claiming, "Go ahead, spend it! It's your money!"—completely glossing over the fact that you're going to owe a 40% tax bill on it later.

But here's the thing—an LLC pays a flat percentage on the net profit, whereas a sole proprietor gets pushed through those progressive tax brackets. If your margins aren't massive and you don't "hit" that 40% wall, it actually makes sense. Plus, corporate owners pay taxes when they draw distributions from money they already paid the 21% on, but if I remember correctly, sole proprietors don't deal with that same double layer. We operate as a profit-based sole proprietorship, so we have that huge legally defined business expense deduction of $8,800, where you're looking at roughly $1167 in combined taxes and payroll contributions. If you honestly expect to pull in enough cash every single year to stay in the highest tax bracket, you could always file to be taxed as a corporation instead—just saying, that business deduction is a pretty significant chunk of change...

Drew Rogers6 said:Just wanted to run this by you guys to see if I'm on the right track

We handled a transport job over in Germany for a German company. I billed them without sales tax, just added a note about the reverse charge mechanism.

The thing is, we couldn't get everything sorted on our own—it was a total mess—so a colleague had to jump in and help us out, and he issued us an invoice that *does* include sales tax. Is that actually okay? Thanks!

Anyone there?

Aaron Young85 said:I could really use some help if anyone’s been through this before.

So, I've got this supplier over in Germany asking me for our specific legal structure. See, we operate as a sole proprietorship here in the States, but their VAT identification system doesn't seem to have a category for a simple sole proprietor. Instead, their system just lists a million different options like corporations, LLCs, partnerships, public companies, joint ventures, and who knows what else... I'm honestly kind of lost on what to tell them or how we should even be categorized in their eyes. :/ Anyone have any ideas?

I just told them we're a Business. Since their database pulls up both the owner's full name and the business name, when they send over an invoice, it shows the First and Last Name first, and then right underneath it says Tajit business.

Just wanted to run this by you guys to see if I'm on the right track

We handled a transport job over in Germany for a German company. I billed them without sales tax, just added a note about the reverse charge mechanism.

The thing is, we couldn't get everything sorted on our own—it was a total mess—so a colleague had to jump in and help us out, and he issued us an invoice that *does* include sales tax. Is that actually okay? Thanks!

Hey everyone,

So, we just picked up a spare part for one of our trucks from an Austrian company for about $260. We gave them our tax ID, but they didn't charge us any sales tax. My brain is honestly fried right now—I can't for the life of me remember if I'm supposed to include this in my sales tax filings or what... 🤔

slycobra7 said:Could use a little help here if anyone knows the drill.
My company is buying goods from Italy, but there's a twist: the shipment passes through a sister company owned by the same person over in Mexico. When the goods actually arrive, the invoice will be coming from the Mexican entity, not the one in Italy.
The freight forwarder is telling me we don't need to worry about sales tax because it’s being treated as goods coming from the European Union.
So, how am I supposed to record this in the books?
If I categorize it as an import from the European Union, how does that look on my tax filings?

First off, there is no such thing as an import from the EU—it's called an acquisition of goods now. If you aren't getting an invoice from the Italians and are getting it from the Mexicans instead, I’d handle that as a standard import. Seriously, go ask a different freight forwarder. I'm not convinced this guy knows what he's talking about...

On top of that, on your tax forms, you'll have to list the company from the invoice, which isn't even in the EU database—so the IRS won't be able to match anything up...

Hey everyone,

I know I’m totally off-topic here—seriously, my bad—but I honestly had no clue where else to drop this question.

Does anyone happen to have a link or even just a photo of the very first 3D printer from back in '88? My kid is working on a PowerPoint presentation for school and we are hitting a massive wall—we can't find anything! It's super urgent. I tried Googling it, obviously, but nothing comes up specifically labeling it as "the first" or even one of the earliest models.

Please help me out!🙂

Patrick Peterson49 said:My paycheck hit back on January 2nd—but I’m looking at my FARC account and all I see are the health insurance transfers sent to the new bank... anyone else seeing their deposits show up yet, or is it just me?

I'm in the same boat—nothing's showing up on my end either, just the debit. Some lady at the IRS told me I basically just have to sit tight and keep checking🕺

Sorry if I'm going off-topic here—this thread was just the closest thing I could find to what's actually on my mind.

So, here's the deal: I've got about 300 songs in MP3 format. I'm throwing a New Year's Eve bash, and I want to burn them onto a DVD so they play in the exact order I pick—and crucially, with zero silence between tracks. There won't be a computer at the party, just a DVD player hooked up to a TV.

Is this even doable?

Henry Edwards33 said:But that’s exactly what it is—a specific record of incoming invoices for every category required by law. I don't see where the confusion lies. 🤷

We aren't talking about one giant master ledger; we're talking about a specific set of records for X or Y, which already exists.

Lili, you still fired up? Did you go settle things with the IRS yet? 🙂