Report total sales (taxable and non-taxable) on Page 1, Line 1 (Gross Sales) of the sales tax return; and Report all sales of exempt broadband items made during the exemption period on Schedule A, Line 10, and Schedule – Temporary Exemptions. Schedule A reporting is required so that the...
Your LLC’s profits and losses flow to your personal tax return through Schedule K-1, divided by ownership stake. You can opt for S corporation taxation at 6.5%. Remember to collect state sales tax (7%) plus any local taxes. How do I dissolve an LLC in Tennessee?
The bill would allow all “counties and municipalities, by resolution or ordinance” set the “tax on the retail sale of food and food ingredients” at any “rate less than” the state’s sales tax rate. Read the full story Tennessee Comptroller Claims Nashville Nonprofit Misspent over 10 Per...
Every dime of profit earned by the company is taxed at the individual tax rate applicable to their individual tax return. To make matters worse, the sole proprietor must pay the 15.3 percent federal self-employed rate for Social Security and Medicare benefits on their federal tax return, just ...
By providing tax advice, full service return preparation, tax calculations, and managing product/software inquiries, you will be working toward advancing our goal of “Powering Prosperity Around the World.” You will utilize government websites, professional resources, and team expertise to seek out ...
To obtain a refund, eligible taxpayers must amend their franchise and excise tax returns for all eligible tax periods and file a Claim for Refund of Franchise Tax Paid on Property Measure (Schedule G) form.Boththe amended returns and the refund claim form must be submitted by November 30, 20...
return. In computing its tax each corporation had undertaken to apportion its net earnings to Tennessee as a corporation "doing business in Tennessee and elsewhere" within the meaning of § 67-2706, T.C.A., using the allocation formula appropriate to the character of its business, which was ...
The final passage of the proposed 25-cent sales tax increase would be left up to residents in a county-wide referendum, but Anderson has been visiting the county’s six municipalities over the past several weeks in efforts to convince cities to agree to an inter-local agreement that would al...
Upon the expiration or earlier termination of this Lease, Lessee shall return the Equipment to Lessor in good repair, condition and working order, ordinary wear and tear resulting from proper use thereof alone excepted, by delivering the Equipment at Lessee's cost and expense to such place as ...
“We talk with our customers year-round and heard over and over the need and desire to return to a face-to-face setting, which is what encouraged us to find every way to meet in-person this year,” Bell said. “Our goal was to support the industry after a year where ma...