How do I record a 1099-MISC if I have a partnership LLC and I file a 1065?
If the 1099-MISC is reporting income that you have booked to the LLC for services provided by the LLC, then it should already be included in the partnership's Form 1065 (which should be based on the partnership's books and not on 1099s).If the 1099-MISC is reporting income for services that you provided outside of the LLC, you report it on Schedule C.If the 1099-MISC is reporting income that should be booked to the partnership, but was incorrectly reported under your personal SSN, you should ask the provider for a corrected 1099-MISC to be issued in the name of the partnership. If the provider does not do so, you should attach a statement to your personal return indicating that the 1099-MISC income was incorrectly reported as personal income rather than partnership income and that the amount has been included on the 1065.
When will Stripe accept payments from India?
You can easily use stripe in India or any unsupported country using the following procedure: The requirements for Stripe account are:US Bank AccountUS Postal AddressSSN/EINTo get a US Bank Account without going to US you can use Payoneer - Get $35 free on signupIt provides you with a Virtual US Bank account which can be used in Stripe. It automatically transfers the money to your local bank account.To get a US postal address you can use many online services. The one which is free and only charges when you receive any package is: US Mail & Package Forwarding Service | USAbox.com SSN - Use 0000 as ssn (your account may get closed if they they come to know you are from unsupported country)or Register as Delaware C or LLC in US to get EIN- Form a Delaware Corporation Maintenance for Delaware C or LLCIn order to keep your business entity active, you will need to file an annual report and pay a franchise tax to the Delaware Division of Corporations if you operate a corporation; LLCs only need to pay an annual tax of $300. Annual reports and Delaware Corporate Franchise Taxes (a minimum of $175) are due each year by March 1; the LLC tax of $300 is due each year by June 1.Hurray! now you have a working stripe account.So, how much one ends up paying per transaction using this method? It is actually same as one pays for 2Checkout, Paypal, Paypro etc. Most of the payment gateways charge more than 5% per transaction. Using stripe plus payoneer you end up paying 5.6% (2.6% + 3%) which is almost same as others.
Received a letter from a collection agency that represents client collection agency that I disputed.?
Just recently I received a letter from TCI ( total card inc) regarding a very, very old debt that is from Capital one that was turned over to Pinnacle credit service, LLC. TCI in their letter to me states that they represent the client Pinnacle Credit Service and goes on to say they are willing to accept a settlement offer on behalf of Pinnacle Credit Service. My question is that quite awhile ago I disputed the debt with Pinnacle Credit Service through the 3 credit reporting agencies and it came back as correctly reported to the 3 credit reporting agencies. This new company TCI is of course required to make the statement that I have 30 days to dispute the debt. My question is why do I need to re-dipute this again? on the other hand it falls off due to the 7 year rule in a couple of months anyway. Why doesn't Pinnacle credit service LLC send me a letter offering me a settlement insted of TCI? I will not make a settlement offer as it will fall off anyway. However should I send a dispute letter to these clowns anyway, event after I sent one to Pinnacle?