Why can't Public Assistance increase?

Discussion in 'Politics' started by Czernobog, Jun 22, 2016.

  1. OnePercenter
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    OnePercenter Gold Member

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    I would think your CPA would know. You have one, don't you?
     
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  2. OnePercenter
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    OnePercenter Gold Member

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    Not according to people that tried (and failed) to compete with me.
     
  3. Boss
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    I don't need a CPA to tell me, I already know... I am asking YOU.

    I'm a small business owner and it's time to file my taxes... what form other than the 1040 should I use for my business? You say I'm stupid to use the 1040... so tell me what form should I use?

    You see, you can't answer my question because you know (or should) that the 1040 is how you file your taxes if you're a small business. You use the long form and claim business expenses and deductions, fill out various Schedules and such, but there is no other form for small business. And the business is not a separate return from the business owner, everything is reported on the same 1040 tax return.
     
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  4. Conservative65
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    Yet still no proof of any claim you've made along those line.

    How many times do you have to be told that without proof, your claims mean nothing? No one believes it because you say it.
     
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  5. OnePercenter
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    OMG! No wonder we have so many business failures in this country, people that think like you own them.

    You NEVER, NEVER, NEVER, mingle personal and business income. EVER!
     
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    I don't know what you mean by "mingle" when it's my business. It's MY business, there is no mingle. I have to file the proper Schedules and provide receipts and stuff, but my personal and business interests are mutual.

    I am still waiting... you were going to tell me which form I file other than 1040?
     
  7. OnePercenter
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    Mingle: Mix together.

    Mixing company monies with personal monies creates HUGE liability issues.
     
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    I don't mix personal money with company money. I have records and accounting for all my business transactions and personal transactions but they are all filed with my individual 1040 tax return each year. I've asked you what other form should I use and you won't tell me.

    Now... If I own a corporation, I file Form 1120. Corporate Income Tax Return. But small businesses are not corporations. Some small businesses are LLCs, but only an LLC partnership has to file a separate tax form. (1065). LLCs may also file form 8832 and elect to pay taxes as a corporation but most of the time, sole-proprietor LLCs file under the individual's 1040. All non-LLC small businesses file on their individual owner's tax return.
     
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  9. OnePercenter
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    You DO mix. You file your business taxes on you personal form. You own a restaurant. You own one of the largest liabilities in the country. You removed the wall between the company and your personal assets.

    If a person gets hurt and seeks a legal remedy, the very first question any good Attorney is going to ask is 'how is the business formed?' If there is no wall between the business and the owners personal assets, guess what's going to happen?
     
  10. Jarlaxle
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    Jarlaxle Gold Member

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    So, O wise and powerful business expert, what form should he be filing? Be specific.
     

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