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| *Loan,banking and credit>>>business tax |
Small business taxes ? |
How do I start..ok I started a small business but I didn't earn a lot of money( $400) I live w/ parents so we did our taxes together and they put me as a dependent we told the guy that I had a business and gave him all my paper work and my EIN. I was looking at my taxes and I saw that he didn't file taxes for my business. what can I do? Is it to late to make my taxes? why didn't he file taxes for my business? will I have to pay a fine? Thank you you do not have to report amount from small business of less than $400. IF THAT WAS ALL YOUR INCOME HE WAS RIGHT if not he was wrong. Source(s): shapirotax.com 27years experiance You only have to file if you make a certain dollar amount. you should go to irs.gov and get details. Well how old are you and what type of business? Your age will play a big factor in this question, even if you own a small business and your under the age of 18, or still being claimed by your parents you might be excempt for the taxes from the money you earned from the business. If you have an EIN you can contact them directly and have them send you a pre paid tax form. You should check with Small Business Admistration if you are under 18 to what exactly the laws are regarding the taxes or even call the IRS and ask these questions. Usually the IRS will have a local office in larger cities. |
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