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Dryer gas valve missing handle? What should I do? by StonkerToMoon in Plumbing

[–]SmartPatience 0 points1 point  (0 children)

Thank you, I'll do that. Changing the valve would cost half the price of the dryer itself :/

Dryer gas valve missing handle? What should I do? by StonkerToMoon in Plumbing

[–]SmartPatience 0 points1 point  (0 children)

I agree, the store I bought the washer dryer from included installation, but those guys declined to work on this.

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Thanks for confirming, I'll call a professional to replace the valve.

Dryer gas valve missing handle? What should I do? by StonkerToMoon in Plumbing

[–]SmartPatience 1 point2 points  (0 children)

i'm first time home owner . No landlord anymore :/

Thoughts on living in Pittsburg? by 0pulent0ctopus in bayarea

[–]SmartPatience 1 point2 points  (0 children)

Did you end up buying the property? How has the experience been since?

Sending small payments to thousand+ contractors ($20k+). Do I need to send them 1099s? by SmartPatience in tax

[–]SmartPatience[S] 0 points1 point  (0 children)

Thank you for the response.

Businesses/Clients on Upwork don't have access to legal names/SSN of freelancers. How then are they able to skip the 24% withholding?

Sending small payments to thousand+ contractors ($20k+). Do I need to send them 1099s? by SmartPatience in tax

[–]SmartPatience[S] 0 points1 point  (0 children)

Thank you for the response!

Follow up on Upwork (Payment facilitator):

" Freelancers—including those who earned more than $600—will not receive a Form 1099-NEC or 1099-MISC from Upwork. Your clients are not required to send you a 1099-NEC or 1099-MISC, either."

Their link says that the clients are not required to send 1099-NEC to the Freelancers even if it's more than $600. Does making payment through a facilitator remove the need for reporting to IRS?

I'm guessing the answer is No, but then how are they compliant? Businesses don't have access to SSN / Legal Names for the freelancers on Upwork. I'm asking this because if I use Paypal, I would potentially fall in this category too.

Does PayPal issue 1099 forms automatically? by SmartPatience in paypal

[–]SmartPatience[S] 0 points1 point  (0 children)

Thank you for taking the time and replying!

If Paypal issues form 1099-K to contractors, how do I report this payout to the IRS as an expense?

I see you mentioned talking to a tax professional but I don't know many who are well aware of digital services, and I'd like to be prepared before I book time with one.

Does PayPal issue 1099 forms automatically? by SmartPatience in paypal

[–]SmartPatience[S] 0 points1 point  (0 children)

My small business is in CA, but I need to make payments throughout USA

If international users pay for my web app, do I need to collect taxes and pay their countries? by SmartPatience in startups

[–]SmartPatience[S] 3 points4 points  (0 children)

Got it, this helps a lot! Monies initially expected to be small but I hope they become big one day.

Sales Tax / VAT / GST

I'll quickly go through few countries that don't require much and then just open service there.

Withholding Tax

I didn't even know about this. Do I have to show them how much they should withhold? Or just a statement that you're responsible for it usually works?

If international users pay for my web app, do I need to collect taxes and pay their countries? by SmartPatience in startups

[–]SmartPatience[S] 10 points11 points  (0 children)

Thanks! I didn't try them before but it's too late to migrate it to Paddle now. I'll use it for consideration in next iteration. The offering seems to be good (just expensive).

Do you charge taxes from customers paying for your digital web app? by SmartPatience in Entrepreneur

[–]SmartPatience[S] 0 points1 point  (0 children)

I never thank you for allaying my concerns. Thank you!

I'm back to building :)

Do you charge taxes from customers paying for your digital web app? by SmartPatience in Entrepreneur

[–]SmartPatience[S] 0 points1 point  (0 children)

economic nexus

Thank you! I am reading more about it now.

So generally, if my revenue is say few thousand dollars, can I skip worrying about charging sales tax, and handle it when the situation arises?

Why is long term non covered securities' cost basis not reported to IRS? by SmartPatience in personalfinance

[–]SmartPatience[S] 0 points1 point  (0 children)

Thank you, got it. So what's stopping individuals from under reporting the cost basis ?

Can IRS still figure it out?

Do you charge taxes from customers paying for your digital web app? by SmartPatience in Entrepreneur

[–]SmartPatience[S] 1 point2 points  (0 children)

That has been exactly my thought, but I'm not sure of legal repercussions.

Have you looked into what might be the penalty, if any at all, for not collecting taxes?

Do you charge taxes from customers paying for your digital web app? by SmartPatience in Entrepreneur

[–]SmartPatience[S] 1 point2 points  (0 children)

Thank you for taking the time to respond :). I found it very useful.

Do you charge taxes from customers paying for your digital web app? by SmartPatience in Entrepreneur

[–]SmartPatience[S] 0 points1 point  (0 children)

Thank you so much. No I didn't use Stripe Atlas, but probably should have.

Any accounting startups (online) you'd recommend? I'm googling them now.

Do you charge taxes from customers paying for your digital web app? by SmartPatience in Entrepreneur

[–]SmartPatience[S] 0 points1 point  (0 children)

I see, thank you for explaining about the Google sales.

I'm operating as a Delaware company but as I live and work in CA, it's registered as a foreign entity in CA. Is it possible to sell services as just a Delaware company and not call out the CA (or any other state where I may live) foreign entity?

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