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Old 10-19-2014, 11:13 AM   #1 (permalink)
 
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Which IRS forms to I need to file?

I have employees, so i withhold taxes ... this is the 941 correct?
and I have the Tan tax so this form is the 720 correct?
what else?
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Old 10-19-2014, 03:06 PM   #2 (permalink)
 
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Re: Which IRS forms to I need to file?

Do you not have a CPA handle it all?

You should, no matter how small a business...one thing you don't want to do is error on business/employee taxes with the IRS..more so today than a few years ago..

They could put a lien on your business and chain lock the door in the middle of a business day..I experienced it first hand years ago..not a pretty sight, not to mention the stigma it leaves behind in the community is far from priceless
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Old 10-19-2014, 04:01 PM   #3 (permalink)
 
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Re: Which IRS forms to I need to file?

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Originally Posted by Black Sun View Post
Do you not have a CPA handle it all?

You should, no matter how small a business...one thing you don't want to do is error on business/employee taxes with the IRS..more so today than a few years ago..

They could put a lien on your business and chain lock the door in the middle of a business day..I experienced it first hand years ago..not a pretty sight, not to mention the stigma it leaves behind in the community is far from priceless

I am a Real Estate and Insurance Broker in CA and have owned a few restaurants for 15 years, mountains of complicated government forms I am quite use to... always had other people do it. I figure, it's time to learn this, beside garbage in garbage out, what I give the CPA is what they use to generate returns.

I am sure he tells you what forms you are doing and you sign them, don't you?

Last edited by Hot Tan; 10-19-2014 at 04:04 PM.
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Old 10-20-2014, 09:58 AM   #4 (permalink)
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Re: Which IRS forms to I need to file?

Like Black Sun states, Don't get on the bad side of the IRS, and worse yet, as here in my state, the state dept. of revenue. Always pay your SS taxes and W/H TAXES, and always on time. Audits are a continuing thing once they start. If you have few employees, and a smaller operation, you can prepare and file you own form 941 and 720 very easily.

Last edited by parrot head; 10-20-2014 at 10:01 AM. Reason: add
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Old 10-20-2014, 10:12 AM   #5 (permalink)
 
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Re: Which IRS forms to I need to file?

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Like Black Sun states, Don't get on the bad side of the IRS, and worse yet, as here in my state, the state dept. of revenue. Always pay your SS taxes and W/H TAXES, and always on time. Audits are a continuing thing once they start. If you have few employees, and a smaller operation, you can prepare and file you own form 941 and 720 very easily.

so it's the 941, and 720 only anything else?, i'll need to read the p15
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Old 10-20-2014, 12:01 PM   #6 (permalink)
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Re: Which IRS forms to I need to file?

^^^These are the only quarterly federal you'll need to file. At year end you'll need to file the form 940 which is fed uc taxes. I don't know what forms you need for Ca.
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Old 10-20-2014, 06:11 PM   #7 (permalink)
 
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Re: Which IRS forms to I need to file?

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Originally Posted by Hot Tan View Post
I am a Real Estate and Insurance Broker in CA and have owned a few restaurants for 15 years, mountains of complicated government forms I am quite use to... always had other people do it. I figure, it's time to learn this, beside garbage in garbage out, what I give the CPA is what they use to generate returns.

I am sure he tells you what forms you are doing and you sign them, don't you?
Absolutely...my Lawyer /CPA/Consultant is my wife. I always listen to what she has to say...I, literally, owe her my success (we have interesting pillow talks)
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