In one scenario, for which the IRS has already sent several warnings, a scammer will use your Social Security number to file a tax return in your name and then claim the refund. The biggest red flag in this scam is being pressured to act quickly. In actuality, the IRS will give you t...
All bettors need to declare gambling winnings to the IRS. If you win more than $600 while betting, you must complete a W-2G form. You would also need to include your betting winnings when paying your state income tax if sports betting was legal in Kentucky. Can you play DraftKings in ...
Net betting winnings are treated like any other gambling or business profit and must be reported to the IRS and state. The regulated betting operator will generally withhold winnings over a particular threshold to cover state taxes and report these net yearly winnings to the IRS. It is good ...
You can get an EIN for free from the IRS, or you canhire Northwestand we’ll get your EIN for you. 6. Get a Business Bank Account Mixing your personal and business finances is a great way to weaken your LLC’s liability protection. If your business gets sued or goes bankrupt, and ...
I bet the IRS will let them submit to having money stolen out of their paychecks much sooner than a decade. What rich elites want the ‘undocumented workers?’ Who or what is funding the propaganda stream? What should we be hanging after war crimes trials to find the answers to those que...
The state also requires that you appoint a registered agent and obtain an EIN from the Internal Revenue Service (IRS). The state only charges the registered agent $89. An operating agreement is also important for your LLC, though it is not a mandatory requirement by the state and you don...
If you’d rather deal with the IRS as little as possible, we can get your Employer Identification Number for you. OurEIN serviceis quick and eliminates the hassle. Register with the Kentucky Department of Revenue As we discussed, you’ll need to register with the Kentucky Department of Revenu...
Your federal employer identification number (commonly known as an EIN or FEIN) is similar to a social security number for your business. The IRS assigns these numbers and uses them to easily identify individual corporations on tax filings, including federal corporate income tax returns. ...