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Los Angeles California Form 1099-S: What You Should Know
You'll need to complete an additional application (Form W-8) to collect a Certificate. Form W-7. Business Tax Registration Certificate Application Form (PDF) W-8A Business Tax Registration Certificate Application Form (PDF) If you have not received a 1099 from your employer, a City of Los Angeles Business Tax Registration Certificate is available to you on request. You'll need to complete the City of Los Angeles Business Tax Registration Certificate Application Process page. Form W-7A. Business Tax Registration Certificate Application Process page. Form 1096-F: Business Income Tax Return of a Federal Tax Form 1099-INT (PDF) Form 1098-G: Information Return for Certain Tax-Exempt Entities (PDF) Form 1099-MISC (PDF) I'm a sole proprietor. Do I need to report my income from business? The purpose of reporting income from business isn't to meet the threshold for self-employment tax (SE tax) or other income tax. If you're an individual that can choose to receive the standard deduction, you'll have no SE tax to report or pay. On the other hand, if you choose to file Form 1040 and you file Schedule C or Schedule C-EZ (depending on your filing status and the type of business you operate), you'll need to report all taxable income and pay income taxes to the IRS. How do I report sales or exchanges of personal property used in your trade or business? Use Form 1098-MISC. If this form is not available to you then you should report the sales or exchanges of personal property used in your trade or business, as well as income from other sources, to your employee's Form W-2. How do I report the sale or exchange of a new home? Home sales generally are tax-exempt — you're taxed only on the fair market value of the home when it is being sold. If you sell your home by way of the FAME Program (i.e., through a tax exclusion or a tax credit) then you might need to report certain property's sales value. If you can't determine the full fair market value of the home's sale, you should contact your real estate broker or an appraiser who can determine the fair market value.
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