Tag Archives: years

Q&A: How come foreigners that come here to the US and open a business, they do not have to pay taxes for 7 years?

Question by I’m as cool as ice cubes: How come foreigners that come here to the US and open a business, they do not have to pay taxes for 7 years? How come I have to pay taxes on my … Continue reading

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Q&A: Is it true that in California small business gets tax refund/waiver in its first three years of operation?

Question by Toidi: Is it true that in California small business gets tax refund/waiver in its first three years of operation? I was told that in California a newly registered small business could get tax refund/waiver in its first three … Continue reading

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I’m self employed and owe a few years worth of taxes. Can i legally open a small business?

Question by : I’m self employed and owe a few years worth of taxes. Can i legally open a small business? I have been a tattoo artist for the better part of 10 years now and I have been thinking … Continue reading

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If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?

Question by moopoo55: If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties? Let’s say that I’ve calculated most of the 2003 year and have concluded that I didn’t … Continue reading

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How much would an accountant charge to do 10 years of back taxes for a small business?

Question by msAngelina: How much would an accountant charge to do 10 years of back taxes for a small business? A family member of mine owns a small business in which he repairs windshields. He has not filed taxes for … Continue reading

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Q&A: what happens if you have a loss on your small business taxes more then 3 years?

Question by jennifer r: what happens if you have a loss on your small business taxes more then 3 years? I have a small internet store and this will be the fourth year I had to claim a loss on … Continue reading

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