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Old 09-15-2009, 10:20 AM
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TAx Question

What is the name of your state (only U.S. law)? Wisconsin

I am starting an LLC sole owner, no employee internet based business that sells a product online.

Do I need to file my state taxes quarterly and my federal taxes annually? I currently have not launched the business yet, but I am in the production stages. I am currently running at a loss. I just want to make sure I am staying legal with taxes.
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Old 09-16-2009, 04:24 PM
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bump for the message
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Old 09-17-2009, 06:49 AM
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You may get a faster answer if you put your question in the tax section of this forum.
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Originally Posted by dolly09 View Post
Apparently others (those who have obviously received no further education than a diploma or more likely a G.E.D) quitting a sorority does not implicate you have quit college. ....I am receiving my masters in Communication in two weeks.

Private message from dolly a few days later: "when did communications have anything to do with grammar and puncutation."
Last edited by Country Living; 09-17-2009 at 06:54 AM.
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Old 09-24-2009, 04:34 AM
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Quote:
Originally Posted by dsmboosted View Post
What is the name of your state (only U.S. law)? Wisconsin

I am starting an LLC sole owner, no employee internet based business that sells a product online.

Do I need to file my state taxes quarterly and my federal taxes annually? I currently have not launched the business yet, but I am in the production stages. I am currently running at a loss. I just want to make sure I am staying legal with taxes.
The feds want their money quartely as well, in the form of estimated payments. And if you estimate wrong you could be penalized. Also be advised that beginning in 2011 a new rule snuck into the recent "Housing" bill takes effect in which online payment processors like PayPal and even your own bank merchant account are required report the transactions to the IRS. So what you report, and what your merchant account provider reports had better be the same.
Last edited by m martin; 09-24-2009 at 11:25 AM.
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