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Tax issues-I am a mess, Welcome Papa
Suggestion: File for an automatic extension and then find an accountant
Great advice! Get an accountant before the mess is made and avoid unnecessary stress. Save your energy and time for conducting business and let us take care of the accounting and taxes!
You should probably consider hiring a tax accountant, as they can do a good job of sorting through everything and determining the best way to proceed in order to minimize your tax liability (for now and in future). We've actually got a list of verified experts on our site at http://www.teaspiller.com/tax-experts/ .We've done all the work to make sure that they're verified and up to date on everything (they're mostly IRS Enrolled Agents and CPAs).
try proseries software by Accounting Firm success as i knw it can help u dealing with your mess you created
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I created a LLC. I am a sub-contractor (Gaming IT) and recieve a 1099 from the contractor. I pay my wife a salary for the work she does for our company (company of one-me). My intent was to 1099 her as well. When I do my taxes-tomorrow -do I 1099 myself and my spouse for the amount earned. and if I do that -are there now three 1099s. I should have hired an accountant thinking this was not going to be a hard process.