ok, now I can hear y'all better
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Claim your Royal Birthright Today!!
- Jan says:
http://taxprep101.blogspot.com
- Angela Betts says:
LOL!
- Heidi Caswell says:
ok
- Angela Betts says:
ok, now I can hear y'all better
- Angela Betts says:
ty, Ginger!
- Angela Betts says:
fill me in
- Angela Betts says:
hmmm...I won't be able to be there at that time.
- Angela Betts says:
will be picking up grandson and running errands at that time
- Heidi Caswell says:
hi tally
- tally says:
Hello I am at work and I will not be able to be hear too long either
- tally says:
Hello guys
- Angela Betts says:
Hi Tally!
- tally says:
Hey Angela
- tally says:
Hey Ginger and Jan
- Angela Betts says:
where's Linda? wasn't she planning to be here?
- Angela Betts says:
Heidi, did you get that link?
- Heidi Caswell says:
yes
- Angela Betts says:
k, kewl
- Heidi Caswell says:
I got the missing link
- Angela Betts says:
LOL, Heidi!
- Angela Betts says:
I'm hungry...need a sammich
- Heidi Caswell says:
Grab a sandwich
- Angela Betts says:
egg sauce?
- Angela Betts says:
oh, ok, gotcha
- Heidi Caswell says:
shall we start with those who are here?
- Jan says:
yes heidi
- Ginger Marks says:
one more min
- Angela Betts says:
yep
- Angela Betts says:
ugh! me no do that...LOL
- Angela Betts says:
Welcome!!!!!!
- Ginger Marks says:
clap, clap, clap
- Ginger Marks says:
Heidi, I forgot to hit record. Would you please re-introduce yourself?
- tally says:
I am a new biz owner just started in 3/06 and at first I did not have a EIN # just used my SS. I req one from the IRS and rec'd it. I have not changed it yet with my corp loc. Please advise me on this.
- tally says:
I am at work and cannot hear the audio
- tally says:
Due to boss is in office and sits next to me
- Ginger Marks says:
Tally, I am recording it for latter
- Ginger Marks says:
- Jan says:
Oh Tally - we're recording it too.
- tally says:
Great!!!!
- Ginger Marks says:
Jan, do you two have an answer to Tally's question?
- Jan says:
Tally, you can change that number this year when you file your taxes, just add it into your Tax File on the Schedule C.
- Jan says:
Not a big issue.
- Ginger Marks says:
WOW
- Ginger Marks says:
huge $$$
- tally says:
Okay, Thanks
- Jan says:
YW
- tally says:
In regards to a co only reporting after you have made $600 or more.
- Jan says:
You report your income, whether you receive a 1099 or not.
- tally says:
How is that handled or reported by you (owner)
- Jan says:
As cash income on your Schedule C.
- tally says:
Oh that is good to know
- Angela Betts says:
got a resume phone call but still listening
- Jan says:
ok A
- Ginger Marks says:
Jan will you read the questions and answers that are here in text area so they will be recorded?
- Jan says:
ok
- tally says:
Do you need another # other than your EIN for your biz?
- tally says:
I know it varies from state to state. But most of my biz is done on line thru the company's website
- Heidi Caswell says:
you don't have to have an EIN number for your business unless you hire employees, contractors (pay on 1099's etc)
- tally says:
okay thks
- Heidi Caswell says:
I lost voice, can't hear Jan
- *Deena Gainor - Travel Gal says:
I can still hear her.
- Ginger Marks says:
Heidi, try logging out and back in
- Heidi Caswell says:
good, glad it is just me
- Ginger Marks says:
make sure your plug is good and tight
- Angela Betts says:
I'm back...call not about resumes but instead about going back to old company to help close out books since they've sold out...hmmm
- Angela Betts says:
yes, that rule is simply to reduce costly paperwork for companies isn't it, Jan?
- Jan says:
yes it is.
- Jan says:
Telly you need a State Identification Number for your state as well as the EIN.
- Angela Betts says:
Amen! They certainly will.
- Jan says:
Always EXPECT to PAY for second opinions.
- Angela Betts says:
hmmm...very interesting!
- Jan says:
Hi Wendy!
- Angela Betts says:
oh my gosh!
- Angela Betts says:
Wow!! Talk about prosperity!!! LOL!
- Jan says:
yes!
- Ginger Marks says:
Wendy, I am recording this. Also, I have to go MN can you take control?
- Ginger Marks says:
mother nature
- Ginger Marks says:
lolol
- Heidi Caswell says:
portion of room only
- Heidi Caswell says:
home inventory is only the area used
- Ginger Marks says:
grr. Volumn went to 0
- Ginger Marks says:
when I came back
- Angela Betts says:
but remember I DON'T have an office outside of my home
- Angela Betts says:
my business is operated totally out of my home
- Angela Betts says:
a portion of BR #2 is used for business office space and...
- Angela Betts says:
a portion of BR #3 is used for storage of MK inventory
- Angela Betts says:
my BR #3 is also used as a guest room and I made that clear to my CPA
- Angela Betts says:
I was of the same train of thought as you all until explaining this to him and him telling me differently
- Ginger Marks says:
angela if you would vocalize for the audio portion I would appreciate it.
- Angela Betts says:
ok, will do when all others are finished speaking...tell me when
- Jan says:
Go Angela. 
- Angela Betts says:
good point, Heidi. I do know this particular CPA is well known and established in my small town as a tax preparer.
- Heidi Caswell says:
then you should be fine
- Ginger Marks says:
do you know anything about taxes and inheritance?
- Angela Betts says:
I've got a comment on the car mileage, too
- Jan says:
yes - I'll give an audio.
- Ginger Marks says:
Trust filing?
- Jan says:
Ask your question when Heidi is done.
- Jan says:
Yes Ginger
- Ginger Marks says:
ty
- Angela Betts says:
hmmm, interesting, Heidi. I only count miles that I am specifically doing something with my business
- Heidi Caswell says:
you are fine
- Ginger Marks says:
good question
- Heidi Caswell says:
i agree with jan depends on where earned
- Heidi Caswell says:
Deena any questions
- Angela Betts says:
Thanks Jan and Heidi!! Very enlightening!
- Angela Betts says:
- Heidi Caswell says:
thank you
- Angela Betts says:
Later Ladies!! Have a GREAT one!!
- Heidi Caswell says:
bye all, enjoy your day