I do not understand Quarterly taxes [Form 941] . Like what to do if you haven't filed any previous quarters.
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R.I.P. DarkAngel 12-16-o9
Dec-26-2007 20:37
gehzumteufel
In your ass
Registered: Nov 2005
Location: so cal
Re: Any payroll ppl here??
quote:
Originally posted by MeLLyMeL
If so... I need your help.
If you have msn it would be even more kick ass.
I do not understand Quarterly taxes [Form 941] . Like what to do if you haven't filed any previous quarters.
get on the payment plan through the IRS. they will work with you. my sisters fiancee has to go through this shit. he is 1099 so he has to file/pay all his taxes on his own.
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quote:
Originally posted by bas
Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh
quote:
Originally posted by bas
Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.
Dec-26-2007 20:38
MeLLyMeL
I miss my best friend :(
Registered: Dec 2003
Location: In A Bathroom.
Re: Re: Any payroll ppl here??
quote:
Originally posted by gehzumteufel
get on the payment plan through the IRS. they will work with you. my sisters fiancee has to go through this shit. he is 1099 so he has to file/pay all his taxes on his own.
No.. the business needs to files these quarterly in order to process W-2's for the employees!
My boss hasn't filed any.
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R.I.P. DarkAngel 12-16-o9
Dec-26-2007 20:40
gehzumteufel
In your ass
Registered: Nov 2005
Location: so cal
Re: Re: Re: Any payroll ppl here??
quote:
Originally posted by MeLLyMeL
No.. the business needs to files these quarterly in order to process W-2's for the employees!
My boss hasn't filed any.
OMFG horrible!
call the irs anyways? lol
___________________
quote:
Originally posted by bas
Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh
quote:
Originally posted by bas
Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.
Dec-26-2007 21:14
jonze
Unicorn Farts
Registered: Feb 2004
Location: where blue skies meet the sunrise
Re: Re: Re: Any payroll ppl here??
quote:
Originally posted by MeLLyMeL
No.. the business needs to files these quarterly in order to process W-2's for the employees!
My boss hasn't filed any.
i haven't done payroll before but i'll try to help out from what i've learned in school. there's most likely going to be a penalty for not depositing. the tax rules are always changing so it would probably be best to call the IRS directly and ask them the proper way to file it and what penalties are involved. also, you can probably ask the company that audits your company how to handle it. you can try searching on www.taxalmanac.org to see if they have any information.
Dec-26-2007 21:22
MeLLyMeL
I miss my best friend :(
Registered: Dec 2003
Location: In A Bathroom.
Re: Re: Re: Re: Any payroll ppl here??
quote:
Originally posted by jonze
i haven't done payroll before but i'll try to help out from what i've learned in school. there's most likely going to be a penalty for not depositing. the tax rules are always changing so it would probably be best to call the IRS directly and ask them the proper way to file it and what penalties are involved. also, you can probably ask the company that audits your company how to handle it. you can try searching on www.taxalmanac.org to see if they have any information.
ty
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just file the W2s under Section C, then call the tax revenue representative and let him now of your situation, he will forward an application form to the office for you to fill out where you can declare the basic income profit margin, therefore establishing the proper tax cut.
I was involuntarily volunteered to do taxes one year, (it was actually quite fun!) so maybe i can help. Now don't quote me on this, its been a few years.
If your boss did not file for the past quarters, then he can penalized 5% for taxes that are unpaid each month. If i remember correctly this is capped at 25%. So in essence he gets penalized for only 5 months.
Dec-27-2007 15:59
MeLLyMeL
I miss my best friend :(
Registered: Dec 2003
Location: In A Bathroom.
Re: Re: Any payroll ppl here??
quote:
Originally posted by Orbital32
I was involuntarily volunteered to do taxes one year, (it was actually quite fun!) so maybe i can help. Now don't quote me on this, its been a few years.
If your boss did not file for the past quarters, then he can penalized 5% for taxes that are unpaid each month. If i remember correctly this is capped at 25%. So in essence he gets penalized for only 5 months.
Def he's going to get penalized.
I just think we had to fill out some state tax forms as well!
it's a mission without an actual cpa/payroll person in this company.
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R.I.P. DarkAngel 12-16-o9
Dec-27-2007 17:20
Orbital32
Revolution
Registered: Jul 2004
Location: LaTa #32°
I'll be more the happy to help if you need it. My screen name for msn is orbital32[AT]hotmail[dot]com.
Dec-27-2007 22:45
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
Re: Any payroll ppl here??
quote:
Originally posted by MeLLyMeL
If so... I need your help.
If you have msn it would be even more kick ass.
I do not understand Quarterly taxes [Form 941] . Like what to do if you haven't filed any previous quarters.
What are you doing; running a corporation?
Talk to the company accountant or lawyer. If your the accountant, talk to the lawyer about tax regulations and what is required..