Business Contents Archive

Tax Stress over $200 – Stumped by 1065

Hey friends—I'm frustratingly striking out getting help from the IRS (both site and call center), as well as some of the tax subreddits here. You’re our last hope! I’m filling out US tax forms 1065 & Schedule K-1 for a small business LLC partnership. The only money withdrawn or distributed to LLC partners in any form were two $100 reimbursements for web-hosting expenses, which we individually paid out-of-pocket when we didn’t have the company card on us. Here’s what I'm too dumb to know: 1. ***Would these reimbursements be considered partner distributions reported on the K-1?*** 2. ***Or should we just include these reimbursements as eligible expenses in our 1065 deduction list, as if they were the web-hosting charges themselves?*** Even though it’s a negligible amount, it’s got us stressing—our operation is so minor (and winding down) that we're trying to file ourselves. Any help would be greatly appreciated—THANK YOU! 🙏

The U.S. plans to join the European Union and the U.K. in sanctioning Russian President Vladimir Putin over the invasion of Ukraine, according to a person familiar with the announcement expected soon. It’s a largely symbolic step given the broad uncertainties about the extent of their wealth or where they keep it. The asset freezes for Putin and his foreign minister, Sergei Lavrov, were in an EU sanctions package adopted late Thursday by the bloc’s foreign affairs council, Latvian Foreign Minister Edgars Rinkevics wrote on Twitter. The U.K. will take a similar move shortly, according to an official statement. Link in bio for the latest developments.

Russia’s invasion of Ukraine has cut off a breadbasket that accounts for more than a quarter of global wheat trade and nearly a fifth of corn https://t.co/tN1G1L8xUo

Russian president Vladimir Putin has not only led Europe into one of its worst conflicts since the second world war, but also worsened an unfolding energy crisis https://t.co/5GlBdMgLtd https://t.co/Koar2HhyqG

Focus on these five aspects of your LinkedIn profile, and let your next job come to you. https://t.co/4E1L92tcVZ

Volkswagen idles two German plants as supplies from Ukraine run dry https://t.co/1e2MUQRP4P

Wealthy Russians who parked money in Florida's 'Little Moscow' worry they'll be blacklisted from buying luxury real estate https://t.co/h5Fo8C22nt

The White House asks Congress for an estimated $6.4 billion in new funding to assist Ukraine and some of its eastern European neighbors https://t.co/PrNxZGe5jq

Wondering what business to start!

Hello, I work in an advertising company as a graphic designer but the pay isn't great, i'm also an english student, I'm not THE best in neither! I'm also good with tech and that's about it. I want to have a plan to start a business but i don't know which one.. I tried freelancing but the competition is stiff and people outhere are really talented. Should i try something completely different , like cooking?? I'm an introvert and i don't manage people really well so i'm staying at my current job for the moment. Any advice is welcomed.

Russia will begin restricting access to Facebook after claims that the US social network platform is censoring Russian media outlets https://t.co/B32zEImvMV

How to know how much you have sold per individual product throughout the day

My parents run a small drinks stall, but I would like a way to keep accounts of individual items sold such as cups of coffee throughout the day, but we lack a system for that and everything is run though cash so does anyone have ideas or suggestion that can help?

"Very little of what China has said or has done is meaningful," @ChinaBeigeBook CEO Leland Miller says. "We have to watch what [China's] actions are, and [their] actions… are supporting Russia." https://t.co/QBecVI92gk

Credit Suisse tries to aid U.S. block-trading probe of rivals -Bloomberg News https://t.co/o0FIXCjbMN https://t.co/9Mzy31mbU3

The venom from a deathstalker scorpion can make you a lot of money https://t.co/Ac9SKsxM8M

Russia’s ultra-rich are among the biggest owners of private jets and superyachts, two of the most opulent displays of massive wealth https://t.co/2gH6YNhZkV