Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Rob Spence]

So, I am finishing up taxes. What business code are people like me, a small production company, using?

Thanks as always

[Kevin Maxwell]

So, I am finishing up taxes. What business code are people like me, a small production company, using?

Thanks as always

I use 999999 and have for years. I am a free lancer and it seems like no code fits. Code 999999 is the code the IRS uses for unclassified establishments. But if you are using Turbo Tax I understand that 999999 spits out an error. 

[Paul Miller]

I've always used 541990 - All other professional, scientific, and technical services.

[Bob Faulkner]

I use 512200 (though, I do no recordings).

[Steve M Smith]

How long do you get in the US to put in your tax assessment?

In the UK, the tax year ends around the 1st of April, as I assume yours does.  We then have until the 31st of January to put in our tax return.  I always do mine in April, but I am amazed by the number of people panicking towards the end of January, who have yet to put theirs in.


Steve.

[Dave Pluke]

How long do you get in the US to put in your tax assessment?

In a "normal" year, U.S. income taxes are due on April 15th.  One could easily apply for a 6 month extension to file, but the taxes are still due on the original date.

This year, due to COVID-19, the new date (for both filing and paying) is June 15th.  https://www.irs.gov/coronavirus

Dave

[Ray Aberle]

In a "normal" year, U.S. income taxes are due on April 15th.  One could easily apply for a 6 month extension to file, but the taxes are still due on the original date.

This year, due to COVID-19, the new date (for both filing and paying) is July 15th.  https://www.irs.gov/coronavirus

Dave

July 15.

[Jonathan Johnson]

How long do you get in the US to put in your tax assessment?

In the UK, the tax year ends around the 1st of April, as I assume yours does.  We then have until the 31st of January to put in our tax return.  I always do mine in April, but I am amazed by the number of people panicking towards the end of January, who have yet to put theirs in.


Steve.

In the US, the tax year is normally January 1 through December 31 -- but businesses may use a fiscal year, interpreted as: "12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month." (see https://www.irs.gov/businesses/small-businesses-self-employed/tax-years )

Filing is normally due on April 15 (or the next business day thereafter, if the 15th falls on a weekend or holiday). As others have said, this year the filing period has been extended to July 15.

Disclaimer: I am not an accountant. The above is not legal advice. It's not illegal, either, as long as you don't cite me as a source.

[ProSoundWeb Community]