Information Discussion for Gate Guards
Thought I'd start a new topic for Gate Guards to use for comments. Like the moderator suggested-keep technical stuff, recipes, mechanical, etc. where they belong. Lets hear from everyone sucking down ...
Forum Discussion
If you have any withheld from other income, and you're within the 80% allowance then usually no, but if you do not have anything withheld and owe some, then your CPA should set up your quarterly tax payment, when he does your taxes. However if you utilize all the options available, you should owe no taxes for a minimum of 5 years and if you were smart, then it should be 10 years or longer.
Yes, all income is attributable to the one whose name is on the 1099, plus the address where that 1099 was sent, if not a mail forwarding service, is the state of record for filing taxes.
We have a tax advisor in Nevada that has done ours for a few years and these are items he covered with us. There are other things that need to be addressed, like how you are treated if you are a full timer or have a valid S & B, per diem instead of deductions, etc.
Yes, all income is attributable to the one whose name is on the 1099, plus the address where that 1099 was sent, if not a mail forwarding service, is the state of record for filing taxes.
We have a tax advisor in Nevada that has done ours for a few years and these are items he covered with us. There are other things that need to be addressed, like how you are treated if you are a full timer or have a valid S & B, per diem instead of deductions, etc.
