Re: Help - Corp Taxes Newbie

"David Singer" <dsinger7789@xxxxxxxxx> wrote in message
news:fo2dnXGamJ9opjTbnZ2dnUVZ_jCdnZ2d@xxxxxxxxxxxxxxxx
Dear All

My accountant has disappeared from the face of the earth... (Or at least
she hasn't returned my calls for the last two months) so I have decided to
file the taxes for my small business myself...

Not the best idea if you don't know what you are doing.

I would like to get a bit of startup help from you guys in order to do it.

On May 2006 I incorporated an S corporation in Florida, I have a tax ID
number, etc. the primary business activity of my company is Information
Technology Consulting; an example of my work:

A person needs computer help at home, so I visit the person, repair the
computer and charge an hourly rate.

The last thing I heard from my accountant is that she filed an extension
for my company so I don't have to pay until September 15th 2007.

You have until September 15th to File, you owed money on April 15th.

Since May last year (when the corporation was created) until today, my net
income from it has been around $10.000.

My company has 2 credit cards which have transactions related to my
business (purchase of computers for later resell, gas for my car, etc) and
a checking account.

So, I guess my questions are:

Where do I start? Which forms do I file with IRS?

Do I have to file state taxes in Florida?

Florida does not tac S-Corporations, but for your first year of operation
you will need to file a F-1120 along with your approved S Election letter
to let thestate know you are a S-Corp.

I have been reading about Intuit TurboTax for business, do you think it
would be worth purchasing it to file with it? If so, should I get the
state version as well?

I REALLY appreciate your help and any additional advice that you may give
me.

Get a new Accountant.


.

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