BUSINESS TYPES
Sally started her own business by the seaside. She is the only owner so she wanted to register it as THIS type of business.
What is Sole Proprietorship?
This is a legal seizure of a person's wages to repay a debt.
What is a wage levy?
Abbreviates SOFC, this a series of questions a entity must answer to help determine a lower monthly pay agreement on their debt.
What is Statement of Financial Condition?
This tax type is related to the business's employees.
What is Withholding Tax?
This is what the letters in doris stand for.
Drake and Josh started a major world wide business selling statues made of cheese. They registered it as THIS type of business.
What is Corporation?
This is a legal claim on a property for a debt.
Abbreviated PA, this is an agreement between KYDOR and an Entity on an acceptable monthly payment to pay off past due debt.
What is a pay Agreement?
Responsible parties can be held personally liable for this kind of tax.
What is a trust tax?
This blue button should be clicked to submit a new address, rather than clicking on the address hyperlink.
What is the add button?
Michael started a body building gym business but wanted to make sure all of his assets were protected, so he registered his business as THIS.
What is an Limited Liability Company?
Enforced Collections actions can not be initiated until this has been sent to the entity.
What is a final notice?
Abbreviated OIS, this is a chance for a non operating business to pay a large lump sum that is less than what is actually owed in exchange for the debt to be considered satisfied.
What is Offer in Settlement?
This is a tax on goods and services.
What is sales and use tax?
This document is printed when a tax payer pays in person with cash or check.
What is a payment coupon?
This business type does not have a FEIN, instead it uses the owner's SSN.
What is a Sol Prop?
This Enforced Collections action in some cases can be reduced down to the first months payment on a pay agreement.
What is a bank levy?
Abbreviated NOA, This letter is sent out to inform a person that they are personally liable for any trust tax debts of the business.
What is Notice of Assessment?
This type of tax required businesses to pay a minimum of $175 per year.
What is LLET tax?
If a note is placed at this page, the note will be seen at the period page, account page, and entity page.
What is the period page?
Sole Props are not required to file THESE returns.
What are CORP/LLET returns?
This enforced collections action does not get released until the balance is $0 and can not be replaced by a pay agreement.
What is a wage levy?
Abbreviated JA, This is an arbitrary bill that is created because there is a return missing for that period.
What is Jeopardy Assessment?
This tax is typically filed in conjunction with LLET the return.
What is Corporate tax.
If a tax payer wants to ask for a lien payoff good through 12/1/2025, you would go to the period in question, click the actions drop down, and choose THIS action to get the information you need.