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Tax FET Question
Posted by:
Dan Grulke
(166.94.3.---)
Date: February 16, 2017 12:25PM
I have been paying my FET quarterly like I am required to do. However, my wife who does our personal income tax has been listing that income with our normal incomes...are we reuired to list it has personal income as well or just under the FET quarterly?
Thanks, Dan grulke Re: Tax FET Question
Posted by:
Donald R Campbell
(---.socal.res.rr.com)
Date: February 16, 2017 12:52PM
I guess that depends how you've set of your business. I have a DBA and show the rod building income along with my personal income on my tax return for each year. As you're aware the rod building income is shown on a quarter basis for the rod sales occurring during the reporting quarter. I believe you wife is correct. Don Campbell don@sensorfishingrods.com Re: Tax FET Question
Posted by:
Dan Grulke
(166.94.3.---)
Date: February 16, 2017 01:21PM
Yes Its set up as LLC.
dg Re: Tax FET Question
Posted by:
Ernie E Swanson
(---.open.airstreamcomm.net)
Date: February 19, 2017 08:49PM
Its a tax not income, You are paying it back so you would not claim that as income.
On your income taxes anything for the business is after expenses. Sorry, only registered users may post in this forum.
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