Accountants do not know everything

Posted By: Patti on 2006-05-19
In Reply to: IC VERSUS BUSINESS LICENSE - MT2

The city has rules and regulations and if you want to be a business and take all the business deduction, you gotta do what the rules and regulations say. You can't have it both ways. The city will come after you if you have a listing in the yellow pages and sometimes even filing your state income taxes with a Schedule C will generate an inquiry. Why not just be on the up and up, honest and if one is required get one and then you never have to worry about being found. It is the cost of "doing business."

Complete Discussion Below:

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do we have to purchase a - business license?
- Business License - sm
- YES!!!! - Lynn
  - Lynn - you are incorrect!!! It's a......sm - state by state decision.......
  - NO - common sense does not dictate that, the STATE in which you live does! - ICMT
- You also may have to charge sales tax sm - more info
- depends on state, I didn't for 9 years...sm - but this year I was forced to get 2
- IC VERSUS BUSINESS LICENSE - MT2
  - Accountants do not know everything - Patti
  - caps = you are yelling online *lol* - Depends on the city/state where U live.NM
- Depends on your city - Patti

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