Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-13-2014, 06:37 PM
Junior Member
 
Join Date: Mar 2014
Posts: 2
A New Business

I can not locate a Principal Business Code for Classic Vehicle Restoration for Sch C. I tried using 999999 Unclassified establishments, but the e-file rejects that code. What code do I use?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-14-2014, 03:16 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by [email protected] View Post
I can not locate a Principal Business Code for Classic Vehicle Restoration for Sch C. I tried using 999999 Unclassified establishments, but the e-file rejects that code. What code do I use?
The IRS uses these codes to reduce fraud by comparing your business's income and expenses against those of other similar businesses to ensure that they are not outside of your industry's norm. Make sure you properly classify your business activities can minimize your chances of being audited. please visit the website here ; http://www.irs.gov/pub/irs-pdf/i1040sc.pdf
Or you need to contact the IRS for sure.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
As part of the "Small Business Jobs Act of 2010 Tax Provisions, IRS allows Temporary exclusion of 100% of gain on certain small business stock. TaxGuru General 0 01-31-2011 06:14 PM
What would be deductible business expenses for my new retail business? frankietan Sole-Proprietorship 0 05-05-2008 07:30 PM
How can I take advantage of business losses in my unincorporated business? larry Sole-Proprietorship 1 01-24-2008 06:15 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.