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Firewood, Heating and Wood Burning Equipment
Registering With State For Income
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<blockquote data-quote="Cambium" data-source="post: 2262008" data-attributes="member: 41415"><p>I know its a touchy subject but... I was wondering if I should file quarterly returns, register with the state, d.b.a, and the whole nine yards. </p><p></p><p>In January I filed...they kept calling me to get some more info but I wasn't doing anything with any business...I just wanted to prepare for future...</p><p></p><p>They sent me a letter with my registration number and tax id number.. </p><p></p><p>My question is...do those of you who sell firewood have a taxid number and file quarterly and treat it like a business OR do you just report it with the regular tax returns at end of year as extra income...</p><p></p><p>I know the great advantages of having a business name and tax id so I wanted to hear any side of this senario from people who are selling firewood.</p><p></p><p>PM if you want... thanks.</p></blockquote><p></p>
[QUOTE="Cambium, post: 2262008, member: 41415"] I know its a touchy subject but... I was wondering if I should file quarterly returns, register with the state, d.b.a, and the whole nine yards. In January I filed...they kept calling me to get some more info but I wasn't doing anything with any business...I just wanted to prepare for future... They sent me a letter with my registration number and tax id number.. My question is...do those of you who sell firewood have a taxid number and file quarterly and treat it like a business OR do you just report it with the regular tax returns at end of year as extra income... I know the great advantages of having a business name and tax id so I wanted to hear any side of this senario from people who are selling firewood. PM if you want... thanks. [/QUOTE]
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