My fiance sells Mary Kay and doesn't know if she needs an EIN # to file taxes. Does anyone sel Mary Kay and know if she needs a tax id number or does she just claim it as a hobby that earns gains?
2007-04-08 14:54:40 · 6 answers · asked by ryan b 1 in Business & Finance ➔ Taxes ➔ United States
She does not need an EIN. I am a MK consultant and I just went to my accountant on Saturday. As an independant beauty consultant you are a sole proprietor.
2007-04-09 10:15:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
She only needs an EIN if she has employees working for her. Or if her business is incorporated or is a partnership with someone else.
The "12 year tax prep guru" above should know that self-employment income of more than $400 requires a return to be filed. She's probaby confused the $600 filing requirement for Form 1099 payments. Shame on her!
2007-04-08 15:02:28 · answer #2 · answered by Bostonian In MO 7 · 3⤊ 1⤋
If you set the business up as a corporation you will need to file final EMPLOYER returns. If you were filing as an individual then just keep filing and stop reporting income that you no longer have.
2016-05-20 04:24:49 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Check the link here:
http://www.tiernanassoc.com/services.htm
These are the folks who did my taxes when i was in Mary Kay. They are EXPERTS at it! Sorry there is no 800 number on their website though...only the local number.
Best wishes!
2007-04-08 15:06:41 · answer #4 · answered by fair blue 5 · 0⤊ 2⤋
If your fiance made over six hundred dollars for 2006 selling Mary Kay, then yes, she will have to file it. She can file as self-employed.
2007-04-08 15:00:02 · answer #5 · answered by mspicer0005 2 · 0⤊ 4⤋
she's a self employed contractor no EIN
2007-04-08 14:58:03 · answer #6 · answered by Anonymous · 0⤊ 1⤋